Applications in Plastic Surgeries and Wound Healing to Reinforce the Global Biomaterials Market Growth

As per the projections put forth by Inkwood Research, the Global Biomaterials Market is anticipated to register a CAGR of 13.45% in terms of revenue during the forecasting period of 2021-2028.

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Biomaterials entail substances engineered to become biocompatible for their interaction with biological systems. Biomaterials can be classified as synthetic and natural. Synthetic materials constitute metals, polymers, and ceramics, whereas natural biomaterials are acquired from natural sources, such as animal tissues or engineered in laboratories.

Applications of Biomaterials in Plastic Surgeries and Wound Healing to Propel Market Growth
The two leading applications of biomaterials, namely, wound healing and cosmetic surgery, play a vital role in fueling the global market. The increasing demand is accredited to the surging number of plastic surgeries across the globe, as well as the rise in population impacted by injuries like acute wounds, chronic wounds, and others. In 2019, a total of 3.9 million procedures, representing 15.9% of the global surgeries, were performed in the United States, as per the International Society of Aesthetic Plastic Surgery (ISAPS). Japan and Brazil also recorded 1.4 million and 2.5 million procedures, respectively. Moreover, in 2020, cosmetic surgeries in the United States were 2% higher than in the previous year.

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Neurological/Central Nervous System is the Leading Application

Stroke is the major cause of adult disability, impacting nearly 800,000 Americans annually, with ischemic stroke accounting for 80% of all cases. As a result, the use of biomaterials, including hydrogels, is becoming increasingly common for the treatment of neurological conditions.

Presently, several studies associated with the use of biomaterials have been conducted across the world in order to enhance the advantages of cell therapy following a stroke for improved recovery.

The biomaterials used in the central nervous system are silicone, synthetic polymers, lipids, and natural polymers in several forms based on the basis of their applications. Numerous applications, such as CNS shunts or neural electrodes, necessitate biomaterials to indefinitely remain functional. Other applications, including tissue scaffolds and drug carriers, require the biomaterials to degrade after their function is completed.

Asia-Pacific to be the Fastest-Growing Region by 2028

The Asia-Pacific comprises multiple small and medium businesses (SMBs), transitioning to make innovative changes for enhancing their product quality and achieving optimal efficiency. The potential development is supplemented by a significant industrial base, financial support in research and development by governments across nations like India, Japan, and South Korea, and effective national policies. In addition, the rising urbanization rates and steady population growth are among the key factors further fueling the region's biomaterials market.

The intensity of industrial rivalry is the extent to which manufacturers in the global biomaterials market endeavor to acquire a competitive advantage across regional and international and markets. As a result, the competition is anticipated to remain high over the forecast years.

Leading companies in the market are Royal DSM, Evonik Industries, Zimmer Biomet, BASF SE, etc.

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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