Global Biomaterials Market Overview And Prospects – Includes Biomaterials Market Share
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The global biomaterials market is expected to grow from $91.08 billion in 2021 to $103.18 billion in 2022 at a compound annual growth rate (CAGR) of 13.28%. The global biomaterials market size is expected to reach $180.36 billion in 2026 at a compound annual growth rate (CAGR) of 15.03%.
The rising incidence of cardiovascular diseases is driving the growth of the biomaterials market.
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The biomaterials market consists of sales of biomaterials by entities (organizations, sole traders, and partnerships) that refer to natural or synthetic materials used in medical applications to support, enhance, or replace damaged tissue or a biological function. Biomaterials are manmade substances that can be utilized to support tissues or structures in the body.
Global Biomaterials Market Segments Include:
By Type: Metallic Biomaterial, Polymeric Biomaterials, Natural Biomaterials, Ceramics
By Application: Cardiovascular, Orthopedic, Ophthalmology, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Neurological/Central Nervous System
By End Use: Hospitals And Clinics, Ambulatory Surgical Centers, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global biomaterials market in 2021.
The strategic partnership is a key trend gaining popularity in the biomaterials market. Key companies are focusing on partnerships to develop new implants and combination devices based on biomaterials by leveraging each other’s expertise, technology, and resources. These partnerships are also focused on enhancing the adoption of biomaterials. Such partnerships enable companies to gain a competitive edge in the market and increase revenue.
TBRC’s Biomaterials Market Report Covers:
Major Market Players: Carpenter Technology Corporation, Corbion NV, Evonik Industries, Royal DSM, Berkeley Advanced Biomaterials, BASF SE, Zimmer Biomet, Johnson and Johnson, Invibio, Medtronic, Organogenesis Holdings Inc, Stryker, Wright Medical Group NV, 3M Healthcare, AdvanSource Biomaterials Corporation, Baxter, Covestro, Cam Bioceramics BV, Celanese Corporation, CoorsTek Inc, CeramTec, Victrex plc and Collagen Matrix Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Biomaterials Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides biomaterials market overviews, analyzes and forecasts market size, share, biomaterials market players, biomaterials market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s biomaterials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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