Biomaterials Market – Size, Outlook, Trends and Forecast (2024

Biomaterials Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Biomaterials are the substance which is used in medical procedures such as tissues replacement or a diagnostic and to repair damaged organs. Biomaterials either may be artificial or natural materials which will relate biological systems for cardiovascular, orthopaedic, and neurological disorders. These have some applications in the biomineralisation, biomolecules, biotechnology, and Biomed engineering.

Biomaterials Market Segments Size & Growth:

Biomaterials Market is accounted for $70.17 billion in 2017 and expected to grow at a CAGR of 13.42% to reach $133.02 billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth are by the superior properties of biomaterial, increase in inventions in biomaterials, rise in ageing population, high per capita income. However, safety issues and compatibility hinder the growth of the biomaterials market.

Biomaterials Market Segments Share:

Biomaterials Market is categorised into by speciality which

Biomaterials Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

consists of cardiology, neurology, orthopaedics, dental, and gynaecology. Cardiology and orthopaedics have the most significant share due to increase in cardiovascular diseases and demand for orthopaedic surgeries. By the type of materials, biomaterials market is classified by bioactive material, bioinert material, and a bioresorbable material. Bioinert material has the highest market because of demand for orthopaedic procedures to support bones and their replacements.

By Geography, North America is dominating the biomaterials market, and the growth in North America is mainly attributed to rising demand for cardiovascular diseases and orthopaedic surgeries. Furthermore, Asia-Pacific is witnessing the fastest growth during the forecast period, due to the rise in funds offering for biomaterials.

Biomaterials Market Segments Trends:

In August 2017, DuPont has acquired Granular Inc. provider of software and analytics equipment which helps farms.
In July 2017, Zimmer Biomet Holdings Inc. acquired Clinical Graphics to diagnose hip impingement and various orthopaedic surgeries.

Biomaterials Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Celsense Corporation
DuPont
Biomet, Inc.
Zimmer Biomet Holdings, Inc.
Wright Medical Group, Inc.

farms. In July 2017,

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Biomaterials Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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