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Biomaterials Market Growth, Segment Analysis, Demand and Forecast by 2022
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The global biomaterial market is growing at a significant rate, due to increasing healthcare expenditure, growing geriatric population and increasing incidence of cardiovascular diseases. The technological advancement in biomaterials, growing demand of implantable devices, and increasing incidence of hip and knee replacements are also driving the growth of the global biomaterial market. However, factors such as strict regulatory requirements for approval of biomaterials and limitations of biomaterials are inhibiting growth of the market globally.
Biomaterial is a nonviable material used in medical devices or during interaction with biological systems. It is an essential material used for medical applications to substitute a part or a function of body in reliable, safe, and physiologically acceptable method. It poses properties such as biocompatibility, high corrosion resistance, adequate strength, and biofunctionality. Some of the commonly used biomaterials include cellulose, silicone rubber, collagen, titanium, stainless steel, polyurethanes, poly (methyl methacrylate) and hydrogels. The emergence of innovative biomaterial products and advances in technology has improved biomaterials applications and performance.
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Global Biomaterial Market Segmentation
By Material
• Metallic Biomaterial
• Polymer Biomaterial
• Ceramic Biomaterial
• Others Biomaterial
By Application
• Cardiovascular
• Orthopedic
• Dental
• Wound Healing
• Plastic Surgery
• Ophthalmology
• Neurological Condition
• Others
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