Biomaterials Market to Witness Huge Growth by Key Players: BASF SE, Covestro AG, Celanese Corporation, Carpenter Technology, Corbion, Victrex Plc

Global Biomaterials Market 2020-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global biomaterials market is projected to reach USD 47.5 billion by 2025 from USD 35.5 billion in 2020, at a CAGR of 6.0% during the forecast period.

The report provides a comprehensive analysis of company profiles listed below:
• BASF SE (Germany)
• Covestro AG (Germany)
• Celanese Corporation (Germany)
• Carpenter Technology (US)
• Corbion (Netherlands)
• Royal DSM (Netherlands)
• Mitsubishi Chemical Holdings Corporation (Japan)
• Victrex Plc (UK)
• Berkeley Advanced Biomaterials (US)
• GELITA AG (Germany)
• Zeus Industrial Products Inc. (US)
• Cam Bioceramics (Netherlands)
• Solvay (US)
• AB Specialty Silicones (US)
• CoorsTek (US)
• CeramTec GmbH (Germany)
• The Lubrizol Corporation (US)
• Olympus Terumo Biomaterials Corporation (Japan)
• Xylos Corporation (US)
• Noble BiomaterialsInc. (US)
• Dimension Inx (US)
• Artoss Inc. (US)
• RDI Group (US)
• Riton Biomaterial Co. Ltd. (China).

"By metallic biomaterials segment, the Titanium & Titanium Alloys segment accounted for the fastest-growing segment of the biomaterials market."
On the basis of type, the metallic biomaterials are further segmented as Stainless Steel, Titanium & Titanium Alloys, Cobalt-Chrome Alloys, Gold, Silver, and Magnesium. TheTitanium & Titanium Alloys accounted for the fastest-growing segment of the metallic biomaterials segment. sThese biomaterials do not show any form of toxicity or allergic reactions on contact with the body.

"By Cardiovascular application segment, stents Catheters accounted for the largest share of the biomaterials market"
Based on application, the cardiovascular application market is categorized into nine sub-segments- Catheters, Stents, Implantable Cardiac Defibrillators, Pacemakers, Sensors, Heart Valves, Vascular Grafts, Guidewires, and Other products. Catheters accounted for the largest share of the cardiovascular application segment due to the shift in patient preference from traditional open surgeries to minimally invasive surgeries.

"Asia Pacific: The fastest-growing region in the biomaterials market."
The Asia Pacific region is estimated to grow at the highest CAGR in the biomaterials market during the forecast period, this is mainly due to Japan's growing healthcare industry, increasing geriatric population, rising number of cosmetic and plastic surgeries in India, lucrative medical devices industry, and favorable tax policies in China.

"North America: the largest share of the biomaterials market"
North America accounted for the largest share of the biomaterials market. Factors such as rising biomaterials-based research, growing demand for plastic surgeries, increase in cancer incidence, and the growing number of cardiovascular diseases are contributing to the growth of the biomaterials market in the US. In Canada, market growth is mainly driven by increasing funding for biomaterials and increasing R&D activity.

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Competitive Landscape of Biomaterials Market:
1 Overview
2 Market Ranking Analysis
3 Market Evaluation Framework
4 Competitive Scenario
4.1 Key Product Launches
4.2 Key Collaborations, Partnerships, And Agreements
4.3 Key Acquisitions
4.4 Key Expansions

Reason to access this report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the biomaterials market and provides them information on key market drivers, restraints, challenges, opportunities and trends.

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This release was published on openPR.