Market Research Report
Biomaterials - A Global Market Overview
|Biomaterials - A Global Market Overview|
Published: March 26, 2018
Content info: 386 Pages
Delivery time: 1-2 business days
Factors driving growth in demand for Biomaterials include a growing geriatric population and high incidence of cardiovascular, neurological and orthopedic disorders. Government and private organizations have also taken the lead in providing funds for introducing novel products and increasing awareness pertaining to the benefits of these materials. Leading players in this space have been engaged in constant R&D efforts to introduce technologically advanced offerings. Biomaterials also find widespread application in orthopedic implants used in orthopedic procedures, such as orthobiologics, bioresorbable tissue fixation products, joint replacements, spine implants, visco-supplementation and nonconventional modular tumor implants.
Metal Biomaterials is estimated the largest of material types accounted for US$33.7 billion in 2017 and is projected to reach US$77 billion by 2023 at a CAGR of 14.7% between 2017 and 2023. However, demand for Polymer based Biomaterials is likely to record the fastest similar period CAGR of 17%. In terms of consumption Plastic Surgery application is primed to post the fastest similar period CAGR of 22.3% and reach a projected US$10.5 billion by 2023.
The report analyzes the market for the key Biomaterial types:
Application Areas of Biomaterials analyzed comprise the following:
The report reviews, analyzes and projects the global market for Biomaterials for the period 2015-2023 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2017 through 2023./p>