Global Biomaterials Market Forecast to Grow at a CAGR of 12% between 2020 and 2025


Posted April 22, 2020 by johnmarshall

The global biomaterials market is projected to grow at a CAGR of 12% in the forecast period of 2020-2025 to reach USD 207.8 billion by 2025.

 
According to a new report by EMR titled, ‘Global Biomaterials Market Report and Forecast 2020-2025’, the global biomaterials market size was valued at USD 105.28 billion in 2019.

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Competitive Landscape & Supplier Analysis:

1. Medtronic plc
2. Evonik Industries AG
3. Berkeley Advanced Biomaterials, Inc.
4. CAM Bioceramics BV.
5. Carpenter Technology Corporation
6. Invibio Ltd.
7. Zimmer Biomet Holdings, Inc. (NYSE: ZBH)
8. Others

The global biomaterials market is being driven by the rising funds and grants for the advancement of the novel biomaterials. North America registered the largest market share in the global biomaterials market in recent years. The Asia Pacific region is expected to witness the fastest growth in the forecast period due to the boost in Japan’s healthcare industry, increasing geriatric population in India and China, and the growing incidences of cardiovascular diseases in India.

Read full report summary with Table of Content – https://www.expertmarketresearch.com/reports/biomaterials-market

Medtronic plc (NYSE: MDT) and Zimmer Biomet Holdings, Inc. (NYSE: ZBH) are some of the key players in the global biomaterials market. In September 2019, Zimmer Biomet Holdings, Inc., a leading player in the musculoskeletal healthcare industry, announced the clearance for the Persona Revision Knee System for revision knee replacement procedures. The revision system provides anatomic components to mimic a patient’s anatomy for a personalised experience. The Persona Revision Knee System, which comes with a modern, intuitive instrumentation platform, aids surgeons take a personalised approach to address revision procedures, ranging from simple to complex by offering a flexible and preferable surgical approach.

Market Analysis by Product:

1. Metallic
2. Natural
3. Ceramics
4. Polymers

The biomaterials market is divided based on product into metallic, natural, ceramics, and polymers.

Market Analysis by Application:

1. Cardiovascular
2. Ophthalmology
3. Dental
4. Orthopedic
5. Wound Healing
6. Tissue Engineering
7. Plastic Surgery
8. Neurology
9. Others

On the basis of application, the biomaterials market is divided into cardiovascular, ophthalmology, dental, orthopaedic, wound healing, tissue engineering, plastic surgery, and neurology, among others.

Market Analysis by Region:

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa

Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

1. The global biomaterials market is driven by the rising geriatric population, along with the increasing incidences of neurological, cardiovascular, and orthopaedic diseases.
2. Huge financing from the public sector to launch new products, increase in the manufacture of implantable products, rising awareness regarding the benefits of biomaterial products, and improvement in medical technology are some of the factors aiding the growth of the biomaterials market.
3. The rising number of free trade agreements (FTAs) provide great opportunities to the medical device companies to increase their growth; as a result, accelerating the market growth of biomaterials.
4. The biomaterials market is being propelled forward due to the growing use of polymers in soft-tissue applications like plastic surgeries.

Key Offerings of the Report:

1. The EMR report gives an overview of the global biomaterials market for the periods (2015-2019) and (2020-2025).
2. The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the product, application, and regional markets of biomaterials.
3. It gives an in-depth look at the regional price trends in the global biomaterials market for the periods (2015-2019) and (2020-2025).

Medtronic plc, Evonik Industries AG, Berkeley Advanced Biomaterials, Inc., CAM Bioceramics BV., Carpenter Technology Corporation, Invibio Ltd., and Zimmer Biomet Holdings, Inc., among others, are the key players in the global biomaterials market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Issued By John Marshall
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Categories Business , Industry , Research
Tags Biomaterials Market Size , Biomaterials Market Share , Biomaterials Market Industry , Biomaterials Market analysis , Biomaterials Market Price , Biomaterials Market Trends , Biomaterials Market Growth , Biomaterials Market report
Last Updated April 22, 2020