Press release
Instantaneous healthcare backed by 5G to drive the Biomaterials Market at a CAGR of 14.5%
The global biomaterials market is expected to grow significantly in the coming years, driven by a number of factors, including an increasing aging population, the rising prevalence of chronic diseases, and technological advances in the field of biomaterials.
The biomaterials market is segmented by application, with the largest market share held by the medical implants segment. Other significant applications of biomaterials include drug delivery, tissue engineering, and medical devices. The medical implants segment is expected to continue to dominate the biomaterials market due to the increasing demand for joint replacements and other implantable medical devices.
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Companies
Evonik Industries AG
Medtronic plc
Carpenter Technology Corporation
Invibio Ltd.
Berkeley Advanced Biomaterials
BASF SE
Zimmer Biomet Holdings, Inc.
Stryker
Covalon Technologies Ltd.
Johnson & Johnson
Market Segmentation
The biomaterials have a wide range of applications in dental, cardiovascular, orthopedic, wound healing, neurology, and surgery, among others.
The cardiovascular segment contributed substantially to the global biomaterials market, followed by the orthopedic segment. Owing to the developments, and changing lifestyles of people, the other segment such as plastic surgery and wound healing segments are expected to show the highest growth in the near future.
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Biomaterials Industry Research Segmentation
By Material:
Metallic Biomaterials
Ceramic Biomaterials
Polymeric Biomaterials
Natural Biomaterials
By Application:
Dental
Cardiovascular
Orthopedic
Wound Healing
Neurology
Surgery
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
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