Report has been added to MarketsandMarkets offering Biomaterials Market by Type of Materials (Metallic, Ceramic, Polymers, Natural), Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Neurological disorders, Tissue Engineering, Ophthalmology) - Global Forecast to 2025
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The global biomaterials market size is projected to reach USD 47.5 billion by 2025 from USD 35.5 billion in 2020, at a CAGR of 6.0% during the forecast period. Market growth is driven mainly by factors such as the increased funds grants by government bodies worldwide for the development of novel biomaterials, rising demand for medical implants, and the rising incidence of cardiovascular diseases, increasing research on regenerative medicine.
The metallic biomaterials segment accounted for the largest share of the type segment in the biomaterials market.
Metallic biomaterials accounted for the largest share of the biomaterials market. This can primarily be attributed to the wide use of metals in the manufacturing of medical devices used in cardiovascular, dental, and orthopedic applications.
The cardiovascular application segment accounted for the largest share of the application segment in the biomaterials market
The cardiovascular application segment accounted for the s=largest share of the biomaterials market . The large share of this segment can be attributed to the increasing prevalence of cardiovascular diseases, rising geriatric population, increasing angiography procedures, and the growing adoption of cardiac stents, pacemakers, and implantable cardiac defibrillators.
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The Asia Pacific region is the fastest-growing region of the biomaterials market.
Asia Pacific region accounted for the fastest-growing region of the biomaterials market. It is also estimated to grow at the highest CAGR in the biomaterials market during the forecast period, this is mainly due to Japan’s growing healthcare industry, increasing geriatric population, rising number of cosmetic and plastic surgeries in India, lucrative medical devices industry, and favorable tax policies in China.
Premium Insights
- The wound healing segment will witness the highest growth during the forecast period.
- High growth is expected for plastic surgery and wound healing applications, which will further drive the growth of the market in the coming years.
Market Dynamics
Drivers
- Increased funds and grants by government bodies and universities for the development of novel biomaterials
Opportunity
- Growing healthcare market in emerging economies
RESTRAINT
- Stringent clinical regulatory processes
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Biomaterials, by Application
7 Biomaterials, by End-user
8 Biomaterials, by region
9 Competitive Landscape
10 Company Profiles
11 Appendix
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