PUBLISHER: Inkwood Research | PRODUCT CODE: 1069197
PUBLISHER: Inkwood Research | PRODUCT CODE: 1069197
The North America biomaterials market is projected to grow with a CAGR of 12.04% during the forecast years between 2022 and 2030. Increased investments and grants from government agencies, cooperation between institutions and cooperative companies, and joint ventures are driving the North America biomaterials market.
The North America biomaterials market growth assessment entails the analysis of the United States and Canada. The Canada Biomaterials market has witnessed dynamic market conditions and is mainly driven by increased funds, grants, and investments by government bodies.
Also, the growth of wound healing applications and plastic surgery, a growing geriatric population, inflated usage of polymers, changing lifestyles of the population, and technological advancements move the market growth in the country.
Additionally, the Government of Canada and several other regional governments also have recognized the economic potential of biomaterials and have collaborated with various industry players through funding programs. Therefore, the development of new biomaterials in Canada for wound healing, tissue engineering, ophthalmology, orthopedics, and neurology positively impacts the market.
Some key players in the market include: Dentsply Sirona, Noble Biomaterials Inc, Evonik Industries, Covestro AG, Royal DSM, Carpenter Technology Corporation, Mitsubishi Chemical Holdings Corporation, etc.