Biomaterials Market Size Expected to Gain USD 212.40 Billion , at a 12.7% CAGR by 2030
Biomaterials market report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics.
PORTLAND, OREGON, UNITED STATES, October 3, 2022 /EINPresswire.com/ -- Biomaterials industry1 generated $64.87 billion in 2020, and is expected to reach $212.40 billion by 2030, witnessing a CAGR of 12.7% from 2021 to 2030. Increase in prevalence of cardiovascular and orthopedic disorders, advancement in medical technology, and rise in awareness regarding implantable devices drive the growth of the global biomaterials market. However, expensive nature of biomaterial implants and compatibility issues restrain the market growth. On the other hand, surge in funding by governments to increase R&D activities in the field of biomaterials presents new opportunities in the market.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
• Carpenter Technology Corporation
• Corbion N.V
• Covalon Technologies Ltd.
• Evonik Industries
• Linden Capital Partners (Collagen Matrix, Inc.)
• Noble Biomaterials Inc.
• Royal DSM
• Victrex plc.
• Stryker Corporation (Wright Medical Group N.V)
• Zimmer Biomet Holdings, Inc.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/89
𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼:
• During the Covid-19 pandemic, elective surgeries were postponed as hospitals shifted their resources to take care of Covid-19-infected patients. This reduced the demand for biomaterials, as many surgeries that involved their usage were postponed.
• Moreover, many clinics that conducted dental, orthopedic, plastic surgery, ophthalmology, and other procedures were closed due to lockdown. This lowered the demand for biomaterials for the short term. However, the demand is expected to increase steadily post-lockdown.
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/89
Based on type, the metallic segment contributed to the highest market share in 2020, accounting for nearly three-fifths of the global biomaterials market, and is expected to continue its dominance in terms of revenue throughout the forecast period. This is due to high specific strength, high corrosion resistance, and low modulus along with usage in orthopedics, dental, cardiovascular, and neurological permanent and bioresorbable implants. However, the polymeric segment is projected to witness the largest CAGR of 13.9% from 2021 to 2030, owing to increased scope of polymeric biomaterials in various applications such as facial prostheses, tracheal tubes, sutures, heart components, kidney & liver parts, dentures for hip & knee joints, drug delivery systems, lenses, soft tissue replacement, and sealants & medical adhesives.
Based on type, the metallic segment contributed to the highest market share in 2020, accounting for nearly three-fifths of the global biomaterials market, and is expected to continue its dominance in terms of revenue throughout the forecast period. This is due to high specific strength, high corrosion resistance, and low modulus along with usage in orthopedics, dental, cardiovascular, and neurological permanent and bioresorbable implants. However, the polymeric segment is projected to witness the largest CAGR of 13.9% from 2021 to 2030, owing to increased scope of polymeric biomaterials in various applications such as facial prostheses, tracheal tubes, sutures, heart components, kidney & liver parts, dentures for hip & knee joints, drug delivery systems, lenses, soft tissue replacement, and sealants & medical adhesives.
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Europe Histopathology Services Market2
Minimally Invasive Glaucoma Surgery (MIGS) Devices Market3
𝐀𝐥𝐬𝐨 𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐁𝐥𝐨𝐠:
Singapore Atrial Fibrillation Market Size, Key Market -- https://singaporehealthcarenews.blogspot.com/2022/10/singapore-atrial-fibrillation-market.html
Singapore Biopharmaceuticals Market -- https://singaporehealthcarenews.blogspot.com/2022/10/biopharmaceuticals-market-revenue.html
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1 https://www.alliedmarketresearch.com/biomaterials-market
2 https://www.alliedmarketresearch.com/europe-histopathology-lab-market
3 https://www.alliedmarketresearch.com/minimally-invasive-slaucoma-surgery-migs-devices-market