Vancouver,B.C., September 18, 2020 – The Global Biomaterials Market is projected to reach USD 297.08 billion in 2027. The key factors influencing the market include the growing geriatric population, acceleration in chronic disorders such as cardiovascular disorders, orthopedic disorders, and an upsurge in the sports injuries, which are anticipated to impel the market in the forecast period. A higher traction of these materials are being observed in the usage of interacting with biological systems designed for medical treatments for correcting cardiovascular, orthopedic, neurological disorders, and dental, among others.
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Besides, the increasing technological developments in the biomaterials industry, ascend in the adoption of implantable devices, heightening deprived to have better aesthetics boosting the demand for plastic surgeries using biomaterials are ascribed to propel the business in the coming years. For instance, the emerging 3D printing technology is being used for developing complex biomaterial structures. The requirement of resources and human resources for the manufacturing of such materials has been significantly reduced. Predicting the rampant investment in R&D in 3D printing innovation, the growth in the biomaterials market is significant.
The latest market intelligence report, titled ‘Global Biomaterials Market’, is intended to provide the target audience with the necessary information about the global Biomaterials industry.
Key Highlights of the Biomaterials Market Report:
- Increasing acceptance of metallic biomaterials in orthopedic applications due to their high load-bearing capacity is one factor driving the market growth. Besides, continuous advancements in the orthopedic implants by market vendors are also expected to propel the market share for the upcoming forecast period.
- The plastic surgery industry is experiencing a dynamic transition and growing fastest in the biomaterials market during the forecast period. The rising geriatric population, positive public perception toward cosmetic surgeries, and technological advances are factors increasing the demand for plastic surgeries.
- In January 2019, ProMed Pharma and DSM Biomedical announced a business development partnership focused on polymeric drug delivery. Thus increasing the demand for its biomaterial market over the estimated period.
- In January 2019, DSM Biomedical partnered with ProMed Pharma to control its biomedical biomaterials delivering novel controlled-release drug implants and corresponding combination devices with ProMed’s micro molding and extrusion capabilities.
- Key players in the Biomaterials market include Berkeley Advanced Biomaterials, Royal DSM, Carpenter Technology Corporation, BASF SE, Corbion, Cam Bioceramics B.V., Celanese Corporation, CoorsTek Inc., CeramTec, Evonik Industries, and GELITA AG, among others.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Biomaterials market players.
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The research study presents an industry-wide summary of the Biomaterials market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Biomaterials7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Biomaterials market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
- Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Calcium Phosphate
- Aluminium Oxide
- Calcium Sulfate
- Gold and silver alloys
- Cobalt-Chrome Alloy
- Titanium and its alloys
- Stainless Steel
- Silicon Rubber
- Acrylic Glass
- Polyvinyl Chloride
- Collagen and Gelatin
- Hyaluronic Acid
- Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Implantable Cardiac Defibrillators
- Vascular Grafts
- Synthetic Corneas
- Occular Tissue Replacement
- Joint Replacement Biomaterials
- Spine Biomaterials
- Plastic Surgery
- Soft Tissue Fillers
- Bioengineered Skins
- Facial Wrinkle Treatment
- Craniomaxillofacial Surgeries
- Peripheral Nerve Repair
- Acellular Dermal Matrices
- Shunting Systems
- Cortical Neural Prosthetics
- Hydrogel Scaffold for CNS repair
- Neural Stem Cell Encapsulation
- Tissue Engineering
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The Biomaterials industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Biomaterials market? What is the anticipated market valuation of the Biomaterials industry by 2027?
- What are the key growth driving and restraining factors of the Biomaterials market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Biomaterials industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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