Biomaterials Market to boost its value by 2022 End : Royal DSM, Wright Medical Technology, Inc., Corbion N.V., Zimmer Biomet Holdings, Inc., Bayer AG, Carpenter Technology Corporation and Other Top Key Players Included

Allied Market Research published a report, titled, “Biomaterials Market by Type (Metallic, Polymeric, Ceramic, and Natural) and Application (Cardiovascular, Dental, Orthopedic, Wound Healing, Plastic, Surgery, Ophthalmology, Tissue Engineering) – Global Opportunity Analysis and Industry Forecast, 2014 – 2022”. The report states that the global biomaterials market generated $62 billion in 2015 and is projected to attain $139 Billion by 2022, registering a CAGR of 11.8% from 2016 to 2022.

Growing demand for implantable devices coupled with the rise in geriatric population and in the prevalence of cardiovascular and orthopedic disorders drive the global biomaterials market. Advancements in medical technology, significant advantages of biomaterial products, and an increase in government funding also supplement market growth. Additionally, the introduction of new products in plastic surgery and wound healing along with the emergence of decellularized dermal matrixes for grafting and hydrogel scaffolding is expected to provide lucrative opportunities for new market players. However, the high cost of biomaterial production and issues regarding compatibility & wearability hampers market growth in the future.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/89

The report segments the global biomaterials market based on type, application, and geography. Based on type, the report sub-segments the market into metallic, polymeric, ceramic, and natural. The metallic biomaterial segment contributed significantly to the revenue of the global market in 2015 and is projected to maintain this trend during the forecast period. This is attributed to their wide usage in orthopedic procedures for bone support and replacement, as they are strong and resistant to fatigue degradation. However, polymeric biomaterial segment is anticipated to grow at the fastest rate during the forecast period, registering a CAGR of 13.0% from 2016 to 2022.

Based on application, the market is categorized into cardiovascular, dental, orthopedic, wound healing, plastic surgery, ophthalmology, tissue engineering, neurological disorders, and drug-delivery systems. Orthopedic disorder was the leading application segment in the market, contributing the maximum revenue to the global market in 2015. However, tissue engineering is projected to be the fastest growing segment, registering a CAGR of 35.6% through 2022. Regionally, North America dominated the global market in 2015 in terms of revenue. However, during the forecast period, Asia-Pacific is expected to grow at the fastest rate.

The report also profiles key players involved in the global biomaterials market, such as Royal DSM, Wright Medical Technology, Inc., Corbion N.V., Zimmer Biomet Holdings, Inc., Bayer AG, Carpenter Technology Corporation, Technologies Ltd., Evonik Industries AG, BASF SE, Invibio Ltd., and Collagen Matrix. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.

For More Info Visit @ https://www.alliedmarketresearch.com/press-release/biomaterials-market.html

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.