The global biomaterial market size is expected to reach USD
250.4 billion by 2025, according to a new report by Grand View Research, Inc.,
exhibiting a CAGR of 14.7% during the forecast period. Technological
innovations in the field of biomaterials are leading to development of advanced
products, which in turn is working in favor of the market. Widening base of
geriatric population worldwide and subsequent rise in prevalence of
cardiovascular and orthopedic disorders are providing a fillip to the market.
Biomaterials are now widely used in
healthcare fields such as cardiovascular, orthopedic, dental, plastic medical
procedure, wound repair, ophthalmology and neurological conditions.
Furthermore, they are utilized in different advanced healthcare technologies
such as cosmetic surgeries, tissue engineering, medical implants, and advanced
drug delivery.
Geographically, North America held the
largest share in the biomaterials market in 2017. The growth of the regional
market can be attributed to various technological and mechanical progressions,
high utility of medical services, growing geriatric population, and higher
medical insurance coverage.
Some of the prominent companies
operating in the market are DSM; BASF SE; Evonik Industries AG.; Berkeley
Advanced Biomaterials, Inc.; CAM Bioceramics BV; Carpenter Technology
Corporation; Invibio Ltd.; Zimmer Biomet Holdings, Inc.; Covalon Technologies
Ltd.; Collagen Matrix, Inc.; Medtronic, Inc.; Purac Biomaterials; Ticona GmbH;
Osteotech, Inc.; and Bayer AG.
Browse full research report on Biomaterials Market: https://www.grandviewresearch.com/industry-analysis/biomaterials-industry
Further key findings from the report suggest:
- Rapid
advancements in the field of genetics and increasing usage of biomaterials
in oncology, personal genomics, and agrigenomics are expected to drive the
market
- Factors
such as high cost of instruments and platforms, ethical concerns, and
ambiguous reimbursement policies in some countries are estimated to
negatively impact the growth of the market
- Based
on products, the natural segment is anticipated to register the highest CAGR
of close to 16.7% during the forecast period
- On
the basis of application, orthopedics was the most prominent segment in
2017, accounting for more than 20.0% of the market revenue
- There
are many industrial scale healthcare projects and genome research projects
launched in North American & European countries for improving the
adoption of advanced healthcare technologies
- Strong
presence of a raft of biomaterial technology providers, better
infrastructure, patient awareness, and good healthcare facilities in these
regions are aiding market growth.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/biomaterials-industry/request/rs1
Grand View Research has segmented the global biomaterials market
based on products, application, technique, end use, and region:
Biomaterials Products Outlook (Revenue, USD Million, 2014 - 2025)
- Metallic
- Natural
- Ceramics
- Polymers
Biomaterials Application Outlook (Revenue, USD Million, 2014 -
2025)
- Cardiovascular
- Sensors
- Stents
- Guidewires
- Implantable
Cardiac Defibrillators
- Pacemakers
- Vascular
Grafts
- Others
- Ophthalmology
- Synthetic
Corneas
- Intraocular
Lens
- Contact
Lens
- Ocular
Tissue Replacement
- Others
- Dental
- Tissue
Regeneration Materials
- Dental
Implants
- Bone
Grafts & Substitutes
- Dental
Membranes
- Others
- Orthopedic
- Joint
Replacement biomaterials
- Orthobiologics
- Bioresorbable
Tissue Fixation Products
- Viscosupplementation
- Spine
Biomaterial
- Others
- Wound
Healing
- Fracture
Healing Device
- Adhesion
Barrier
- Skin
Substitutes
- Internal
Tissue Sealant
- Surgical
Hemostats
- Others
- Tissue
Engineering
- Plastic
Surgery
- Facial
Wrinkle Treatment
- Soft
Tissue Fillers
- Craniofacial
Surgery
- Bioengineered
Skins
- Peripheral
Nerve Repair
- Acellular
Dermal Matrices
- Others
- Neurology
- Neural
Stem Cell Encapsulation
- Shunting
Systems
- Hydrogel
Scaffold For CNS Repair
- Cortical
Neural Prosthetics
- Others
- Others
Biomaterials Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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