Biomaterials Market, Current Demand And Trends, Growth, New Opportunity Assessment 2023 - 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Biomaterials Market Size, Growth Rate, And Forecast
The global biomaterials market size grew from $104.36 billion in 2022 to $119.95 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biomaterials market size is expected to grow to $219.79 billion in 2027 at a CAGR of 16.3%.

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Biomaterials Market Drivers
The rising incidence of cardiovascular diseases is driving the growth of the biomaterials market. Cardiovascular disorders are caused by high blood pressure, smoking, high cholesterol, inactivity, and other factors. The increase in the prevalence of cardiovascular disorders is mainly due to noncontagious diseases like diabetes, chronic respiratory illness, and heart attacks due to hypertension. Biomaterials such as heart valves, cardiopulmonary bypass system, stents, vascular grafts, complete artificial heart, and pacemakers are used as a healing mechanism for damaged and diseased heart tissue.

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Biomaterials Market Segments
1) By Type: Metallic Biomaterial, Polymeric Biomaterials, Natural Biomaterials, Ceramics
2) By Application: Cardiovascular, Orthopedic, Ophthalmology, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Neurological/Central Nervous System
3) By End Use: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Biomaterials market.

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Biomaterials Market Key Players
Major competitors in the Biomaterials market include Carpenter Technology Corporation, Corbion NV, Evonik Industries, Royal DSM, Berkeley Advanced Biomaterials, BASF SE

The Table Of Content For The Biomaterials Market Include:
1. Executive Summary
2. Biomaterials Market Characteristics
3. Biomaterials Market Trends And Strategies
4. Biomaterials Market - Macro Economic Scenario
5. Biomaterials Market Size And Growth
……
27. Biomaterials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biomaterials Market
29. Biomaterials Market Future Outlook and Potential Analysis
30. Appendix

The Business Research Company's "Global Biomaterials Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

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