Press release
Implantable Biomaterials Global Market Report 2024 - By Share, Demand, Drivers, Outlook By 2033
The Business Research Company presents an extensive market research report on the Implantable Biomaterials Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The implantable biomaterials market size has grown rapidly in recent years. It will grow from $127.97 billion in 2023 to $144.1 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to clinical success and patient outcomes, tissue engineering progress, surface modification techniques, regulatory milestones, biodegradable materials introduction.
The implantable biomaterials market size is expected to see rapid growth in the next few years. It will grow to $217.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to bioactive and bioresorbable materials, smart and responsive biomaterials, regulatory and safety standards, hybrid composite materials, tissue engineering advancements. Major trends in the forecast period include drug-eluting implants, biocompatibility advancements, 3d printing and customization, regenerative medicine focus, nanotechnology integration.
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Key Market Players:
Major companies operating in the implantable biomaterials market report are Pfizer Inc., Johnson & Johnson Services Inc., BASF SE, F Hoffmann La Roche Ltd., AbbVie Inc., Allergan plc, Novartis AG, Sanofi SA, Bristol-Myers Squibb Co., GlaxoSmithKline plc, Covestro AG, Mylan Laboratories Inc., Teva Pharmaceuticals USA Inc., Astellas Pharma Inc., Sandoz Inc., Aurobindo Pharma Limited, Hikma Pharmaceuticals plc, Intas Pharmaceuticals Ltd., Zydus Lifesciences Limited, Glenmark Pharmaceuticals Ltd., Fresenius Kabi USA, Lupin Pharmaceuticals Inc., Strides Pharma Inc., Accord Healthcare Ltd., RPG Life Sciences Limited, Genzyme Transgenics Corp., Akriti Pharmaceuticals Pvt. Ltd., SEBELA PHARMACEUTICALS Inc., Healthy Life Pharma Private Limited, Apotex Inc.
Market Drivers:
The allocation of funds by government organizations in the development of new biomaterials [SR1] contributed to the implantable biomaterials market growth. For instance, Drexel University granted USD 200,000 to the National Science Foundation for research on biomaterial-mediated control over macrophage behavior that affects biomaterial vascularization. The support from government organizations in the development of new biomaterials will drive the growth of the implantable biomaterials market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/implantable-biomaterials-global-market-report
The implantable biomaterials market covered in this report is segmented -
1) By Material: Metallic, Ceramic, Polymers, Natural
2) By Application: Dental, Cardiovascular, Ophthalmology, Orthopedic, Other Applications
3) By End-user: Hospitals, Ambulatory Surgical Centers, Specialty Clinics
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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