Pune, India, July 26, 2019 (GLOBE NEWSWIRE) -- Biomaterials Market Highlight
Biomaterials market, as going by the trend, is estimated that it can gain an impressive growth in the forecast period. Market reports associated with healthcare industry have been accessible by Market Research Future, which states that the global biomaterials market is noticeably gaining exponential traction and would grow 12% CAGR during the forecast period (2017-2023). Among many benefits, its ability to substitute damaged organ or tissue to improve its functionality has been considered to be the chief driver for the global biomaterials market.
Biomaterials are materials that have either natural or synthetic origin and used in advanced medical technologies for tissue engineering, plastic surgery, and more. The technology is the choicest preference for medical practicing in rapid medication.
Biomaterials Market Top Key Players
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.), Wright Medical Technology, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Bayer AG (Germany), Collagen Matrix (U.S.) are some major players in the global biomaterials market who are investing tremendously for the market growth.
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Biomaterials Market Drivers & Trends
The biomaterial sector is gaining considerable ground in research purposes in medical institutes that cater to different treatments of cardiovascular diseases, orthopedic issues, and more. The global biomaterials market is mainly driven by the factors such as rise in occurrence of cardiovascular diseases, growing demand for implantable devices, increasing wound healing therapies, rising geriatric population as well as superior properties of biomaterials.
Research & development sector in medical is using biomaterials intensely. Among its many beneficiaries, the factors such as increasing orthopedic disorders as well as increasing government funds for research purposes are driving the growth of the market at a rapid pace. The use of biomaterials is also a growing awareness of regenerative medicines, which is catering to the growth of the market inventively.
Furthermore, the implementation of biomaterials is also found in various advanced medical technologies such as drug delivery services, biomedical engineering, biomineralization, and other medical implants. These are also finding massive application in clinics as major healthcare centers, which is creating opportunities for the key players to capitalize on the global biomaterials market with huge numbers.
Browse the market data and information spread across 100 pages with 24 data tables and 38 figures of the report “Biomaterials Market Research Report– Global Forecast 2017-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/biomaterial-market-2021
Biomaterials Market Segmentation
The global biomaterials market has been categorized into various segments which are listed as type and application.
By type: metallic, ceramics, polymeric, natural biomaterials, and others. The metallic segment is divided into stainless steel, titanium & titanium alloys, cobalt-chrome alloys, silver, gold, and magnesium are the segments. Out of these, the ceramics segment is also categorized into calcium phosphate, aluminum oxide, zirconia, calcium sulfate, carbon, and glass. Besides, the polymeric segment is also categorized into polymethylmethacrylate (PMMA), polyethylene, polyester, polyvinyl chloride, silicone rubber, nylon, polyetheretherketone (PEEK), polylactic acid, polyglycolic acid, and poly(lactide-coglycolide), and others. Furthermore, the natural biomaterials are also segmented into hyaluronic acid, collagen, gelatin, fibrin, cellulose, chitin, alginate, and silk.
By application: cardiovascular, orthopedic, ophthalmology, dental, plastic surgery, wound healing, tissue engineering, neurological disorders, and others are the segments. In this, the cardiovascular segment is further segmented as catheters, stents, implantable cardiac defibrillators, pacemakers, sensors, heart valves, vascular grafts, guidewires, and others. After cardiovascular, the orthopedic segment has also been segmented into replacement, viscosupplementation, bioresorbable tissue fixation, spine, fracture fixation devices, and orthobiologics.
Biomaterials Market Regional Outlook
Regionally, the segmentation of the global Biomaterials Market leads to the inclusion of regions such as Americas, Europe, Asia Pacific, and the Middle East.
The Americas accounts for the maximum share of the global biomaterials market owing to the increasing healthcare expenditure after Europe and the Asia Pacific. Furthermore, this region is gaining much traction due to demands for biomaterials based cardiovascular systems. Thus, according to the American Heart Association, death counts due to cardiovascular diseases accounted for more than 800,000 in the U.S. It has been recorded that approximately 2,200 Americans die of cardiovascular disease each day. Such an increase in death ratio in North America.
Europe is on the second position in the global biomaterials market due to massive support from the government for research & development and ease of availability in funding for research.
The Asia Pacific region, on the other hand, is the fastest-growing region due to the increasing cases of obesity, the introduction of biomaterials in cancer research, and rising patient awareness and improved lifestyle in growing countries such as India, China, and Brazil are expected to create massive opportunities in the biomaterials market. Countries like China and India are additionally counted to have the highest potential opportunities to grow in the forecast period.
Lastly, the Middle East & Africa have the least share of the market due to the low amount of availability of funds, limited medical facilities, and deprived political conditions in Africa.
Industry News
July 13, 2019: In Spain, there will be a process of incorporating seven new biomaterials. In the latest, REGEMAT 3D will launch a catalog of biomaterials that customers can buy and use along with their bioprinting systems. In recent years, advances in 3D bioprinting systems have become very important, as well as new biomaterials for regenerative medicine.
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