The global biomaterials market is expected to exceed US$ 149.17 billion by 2021, registering a compound annual growth rate (CAGR) of 16% during the forecast period. The increased funds and grants by government bodies for the development of novel biomaterials, increasing demand for implantable devices, and growing demand for biomaterials in plastic surgery and wound healing applications are expected to drive the market. In addition, the rising number of hip and knee replacement procedures, rising geriatric population and the subsequent growth in the incidence of cardiovascular diseases, and increasing awareness about regenerative medicine are fueling the growth of the market. However, the stringent clinical and regulatory processes and unfavorable healthcare reforms in the U.S. are hampering the growth of the market.
In this report, the global biomaterials market is segmented by application, type of material, and region. On the basis of application, the market is segmented into cardiovascular, orthopedic, ophthalmology, dental, plastic surgery, wound healing, tissue engineering, neurological disorders/central nervous systems, and others. The market on the basis of type of material is segmented into metallic, ceramic, polymeric, and natural biomaterials.
The global biomaterials market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America was the largest market in 2016, and the market in Asia Pacific is expected to witness high growth during the forecast period. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional market and analyzes the variations in the growth of the industry in certain regions.
A glimpse of the report structure is provided in the report description available on the website.
Royal DSM (Netherlands), BASF SE (Germany), Corbion N.V. (Netherlands), Covestro (Germany), Invibio Ltd. (U.K.), Carpenter Technology Corporation (U.S.), Evonik Industries AG (Germany), Berkeley Advanced Biomaterials, Inc. (U.S.), CAM Bioceramics BV (Netherlands), and Celanese Corporation (U.S.) are the most active players in the biomaterials market.
This report covers the biomaterials market, in terms of value, and forecasts the market size till 2021. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.
The deep-dive study on the biomaterials market will help customers with the identification of new market opportunities and targeted promotional plans.
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