openPR Logo
Press release

How is Rising Demand for Implantable Devices Driving Biomaterials Market?

03-11-2020 03:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

How is Rising Demand for Implantable Devices Driving

The implantable devices niche is expanding rapidly due to the growing geriatric population, continuous innovation and development of products, increasing number of hip and knee replacements, and surging prevalence of diseases. Implantable devices are used for replacing a part of body, such as an organ, when it fails to perform its functions. These devices then are placed inside the body through medical intervention. Various applications of implantable devices include neurological conditions, plastic surgery, cardiovascular, obstetrics, dentistry, and ophthalmology. The demand for devices, such as artificial pacemaker, implantable cardioverter defibrillator, stents, and artificial heart valve, is increasing rapidly due to high incidence of heart failures or cardiovascular diseases. Similarly, the rising incidence of knee and hip injuries are resulting in the increasing requirement for their replacement. Since implantable devices are made up of biomaterials, their demand is increasing with the rising need for biocompatible devices.

Request for sample copy of this report@ http://bit.ly/38HU0Ds

Any synthetic or natural material used as a part of body to treat, replace, or augment tissue, or organ is referred to as biomaterial. Biomaterials are highly corrosion resistant, biocompatible, biofunctional, and have adequate strength.

As per a study conducted by the P&S Intelligence, the global biomaterial market is expected to generate a revenue of $175.9 billion, witnessing a CAGR of 16.1%, in the coming years. Different materials used for making biomaterials include polymer, ceramic, and metallic. Out of these, the highest demand during 2012-2015 was created for metallic biomaterials. In the near future, the fastest growth in demand is predicted to be witnessed by polymer biomaterials.

Pre-Purchase Inquiry at@ http://bit.ly/2TG9VOb

The expanding healthcare domain in developing countries is expected to provide wide scope to biomaterial manufacturers. The healthcare domain in emerging economies is still a fraction of that in developed countries, however, it has experienced considerable growth in the past few years and is further projected to grow significantly in the coming years, especially in the Latin America and Asia-Pacific regions. Since the market in these regions is fragmented, along with the improving healthcare infrastructure and presence of large population base, investors are attracted toward them more rather than the developed countries. Moreover, the overall cost of manufacturing of medical devices in emerging economies tend to be low leading to reduced cost of the product without compromising the quality. Also, as the income level of people in these countries is increasing, they are now in a position to afford high-quality implants, hence resulting in rising demand for biomaterials.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://psintelligence.blogspot.com

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release How is Rising Demand for Implantable Devices Driving Biomaterials Market? here

News-ID: 1962542 • Views:

More Releases from P&S Intelligence

U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period. According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sectors
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period. This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by Omnichannel Integration
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, and Growth Opportunities
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,

All 4 Releases


More Releases for Implantable

Evolving Market Trends In The Implantable Drug Delivery Devices Industry: Innova …
The Implantable Drug Delivery Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Expected Implantable Drug Delivery Devices Market Size During the Forecast Period? The implantable drug delivery devices market has grown significantly in recent years, increasing from $20.65 billion in 2024 to
Evolving Market Trends In The Implantable Drug Delivery Devices Industry: Innova …
The Implantable Drug Delivery Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Expected Implantable Drug Delivery Devices Market Size During the Forecast Period? The implantable drug delivery devices market has grown significantly in recent years, increasing from $20.65 billion in 2024 to
Implantable Medical Devices Market: "Implantable Medical Devices Market to Grow …
Implantable Medical Devices Market Scope: Key Insights : Implantable Medical Devices Market size was valued at USD 90.50 billion in 2022 and is poised to grow from USD 96.11 billion in 2023 to USD 155.51 billion by 2031, growing at a CAGR of 6.20% during the forecast period (2024-2031). Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/implantable-medical-devices-market In-Depth Exploration of the global Implantable Medical Devices Market: This
Implantable Infusion Pumps Market Report 2024 - Implantable Infusion Pumps Marke …
"The Business Research Company recently released a comprehensive report on the Global Implantable Infusion Pumps Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive
Implantable Cardiac Devices Market Report 2024 - Implantable Cardiac Devices Mar …
"The Business Research Company recently released a comprehensive report on the Global Implantable Cardiac Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive
Active Implantable Medical Devices Market (Implantable Cardioverter Defibrillato …
Global Active Implantable Medical Devices Market 2018 report includes Active Implantable Medical Devices Market Size, Revenue, market Share, Active Implantable Medical Devices industry volume, market Trends, Active Implantable Medical Devices Growth aspects. A wide range of applications, Utilization ratio, Supply and demand analysis are also consist in the report. It shows manufacturing capacity, Active Implantable Medical Devices Price during the Forecast period from 2018 to 2025. For In depth Information Get