The Report Biomaterials Market Size,
Share & Trends Analysis Report By Product (Natural, Metallic, Ceramics,
Polymers), By Application (Cardiovascular, Orthopedics, Plastic Surgery), And
Segment Forecasts, 2018 - 2025
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.
Access Research Report of Biomaterials
Market@ 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.
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
·
Ophthalmology
·
Dental
·
Orthopedic
·
Wound Healing
·
Tissue Engineering
·
Plastic Surgery
·
Neurology
·
Others
Biomaterials Regional Outlook (Revenue, USD Million, 2014
- 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East 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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