Biomaterials Market Ready To Compete Globally by Evonik Industries AG, Berkeley Advanced Biomaterials, CAM Bioceramics BV, and Celanese Corporation, Etc Prominent Players

The Global Biomaterials Market For diagnosis and treatment is expected to grow at a CAGR of approximately 12% during the forecast period, 2018-2023. Actually Biomaterials are any materials that are used to implant missing or damaged tissues. They can be natural or synthetic in nature and regardless of their origin, they are compatible to be used in place of living tissues. Biomaterials are broadly used in drug delivery as capsules or nano-shells. Generally, they are biodegradable as well as bioresorbable so that they can disappear from organism after completing their function. They can also be used as substitutes of bone, collagen membranes, and regenerative dentistry as well as in bone and cartilage regeneration during an orthopedic surgery.

Furthermore, biomaterials science can be implemented in various advanced medical technologies such as tissue engineering, plastic surgery, drug delivery devices, and other medical implants. Biomaterial applications are finding prominence in the research on biomedical engineering, biomineralization, and biomolecules.

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Key Players of Global Biomaterials Market

Some major players in the Global Biomaterials Market include 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.).

Regional Analysis of Global Biomaterials Market

The global biomaterials market consists of countries namely the Americas, Europe, Asia Pacific, and the Middle East.

The Americas dominate the global biomaterials market owing to the increasing healthcare expenditure followed by Europe and Asia Pacific. According to the American Heart Association, the death due to cardiovascular diseases accounted for more than 800,000 in the U.S. Approximately 2,200 Americans die of cardiovascular disease each day. This increase in death ratio in North America is expected to drive the demand for biomaterials based cardiovascular systems. Europe holds the second position in the global biomaterials market owing to the government support for research & development and availability of funds for research.

Asia Pacific is the fastest growing region owing to the increasing obesity, introduction of biomaterials in cancer research, and rising patient awareness and improved lifestyle in growing economies such as India, China, and Brazil are expected to create opportunities in the biomaterials market. Additionally, the region has the highest potential to grow in the forecast period due to the presence of emerging economies such as China and India.

The Middle East & Africa holds the least share of the market owing to less availability of funds, limited medical facilities, and deprived political conditions in Africa.

Segmentation of Global Biomaterials Market

The Global Biomaterials Market is segmented on the basis of the type of biomaterials and the application.

On the basis of the type, the market is segmented into 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.

On the basis of the application, the market is classified as cardiovascular, orthopedic, ophthalmology, dental, plastic surgery, wound healing, tissue engineering, neurological disorders, and others. The cardiovascular segment is divided into catheters, stents, implantable cardiac defibrillators, pacemakers, sensors, heart valves, vascular grafts, guidewires, and others.

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Asia Pacific is the fastest growing biomaterials market across the globe. Government and private initiatives have increased awareness regarding biomaterial application and increased incidences of neurological disorders; thereby, driving the market growth in the Asia-Pacific region. The Middle East and Africa hold the least share of the global biomaterials market due to limited availability of medical facilities.

Some Brief Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

TOC Continued…

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