Biomaterials Market (Metallic, Ceramic, Polymers, Natural) Rising at a CAGR of 16% to 2020
This report studies the global biomaterials market for the forecast period of 2015 to 2020. This market is expected to reach USD 130.57 Billion by 2020 from USD 62.06 Billion in 2015, at a CAGR of 16%.
Pune, India – December 15, 2015 /MarketersMedia/ —
Biomaterials are revolutionizing several facets of preventive and therapeutic healthcare & are being increasingly used in the development of new medical devices, drug delivery systems, replacement technologies, prostheses, tissue repair, and diagnostic techniques. The medical fraternity across the globe has witnessed a radical paradigm shift due to the growing demand, consumption, and prominence of these materials. Biomaterials are the focus of major research efforts across the globe due to the quality-of-life benefits they offer.
Complete report on membranes market spread across 297 pages, profiling 13 companies and supported with 179 tables and 64 figures is now available at http://www.rnrmarketresearch.com/biomaterials-market-by-products-polymers-metals-ceramics-natural-biomaterials-applications-cardiovascular-orthopedic-dental-plastic-surgery-wound-healing-tissue-engineering-ophthalmolog-market-report.html .
Incessant research globally for fulfilling the requirement of highly biocompatible products is a pivotal factor that is stimulating the growth of the global biomaterial market. This has led to immense development of metal, ceramic, polymer, and natural biomaterial-based products.
Based on application, the market is segmented into cardiovascular, orthopedic, dental, plastic surgery, wound healing, tissue engineering, ophthalmology, neurological /central nervous systems, and other applications which include drug delivery systems, gastrointestinal, bariatric surgery, and urinary applications. The cardiovascular segment is expected to account for the largest share of the biomaterials market in 2015. Orthopedic segment is expected to be the second-largest application area in 2015.
In 2015, North America is expected to account for the largest share of the global biomaterials market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW).North America’s large share is attributed to biomaterials-based research in the U.S., growing demand for plastic surgeries in the U.S., conferences on biomaterials in the U.S., increase in cancer incidences in the U.S., growing prevalence of cardiovascular diseases in the U.S., and increasing funding and R&D activities for biomaterials in Canada. In the coming years, the biomaterial market is expected to witness the highest growth rate in the Asian region, with emphasis on India, China, and Japan.
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The high growth in India and China can be attributed rising cosmetic and plastic surgeries in India, lucrative medical device industry and new tax policy in China, growing number of cardiovascular diseases and increasing aging population in China, and biomaterials workshops & conferences in China.
A number of factors such as increased funds & grants by government bodies worldwide, growing implantable devices market, technological advancements, rising number of hip and knee replacement procedures, and high growth in geriatric population coupled with growing incidence of cardiovascular diseases are driving the growth of this market. In addition, high growth is expected for plastic surgery and wound healing applications, which will further drive the growth of the biomaterials market.
Prominent players in the global biomaterials market include Royal DSM (Netherlands), Wright Medical Technology, Inc. (U.S.), Corbion N.V. (Netherlands), Zimmer Biomet Holdings, Inc. (U.S.), Bayer AG (Germany), Carpenter Technology Corporation (U.S.), Covalon Technologies Ltd. (Canada), Evonik Industries AG (Germany), BASF SE (Germany), Invibio Ltd. (U.K.), Berkeley Advanced Biomaterials, Inc. (U.S.), CAM Bioceramics BV (Netherlands), and Collagen Matrix, Inc. (U.S.). Priced at $4650 for a single user PDF, a discount on “Biomaterials Market by Type of Material (Metallic, Ceramic, Polymers, Natural Biomaterials) & Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Neurology, Tissue Engineering, Ophthalmology) – Global Forecast to 2020” research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=87488 .
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