Press release
Global Biomaterials Market analysis, Overview and Forecast 2016-2021
According to the report "Biomaterials Market by Material type, by Application, and by Region – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2015 – 2020)", published by Market Data Forecast, the global market is projected to reach USD 125.152 Billion by 2020, at a CAGR of 14% from 2015 to 2020.View Report @ http://www.marketdataforecast.com/market-reports/global-biomaterials-market-16/
Biomaterials can either be therapeutic or diagnostic, they are made in such a way that they can easily interact with the biological systems for a medical purpose. These materials can be synthesized in laboratory using various components such as polymers, metallic components, ceramics and composite materials or they can be obtained naturally. Biomaterials are used very widely like as a heart valve, dental applications, drug delivery or even as major parts such as hydroxyl-apatite coated hip implants.
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Biomaterials are easily accepted by the biological systems which increases their demand over plastic materials. Support from government in terms of funding, investment and grants, research on advancements in the medical technology, increasing geriatric population and rise in demand for biomaterials in neurology, plastic surgery, cardiology and wound healing are some of the major factors driving the market.
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Segmentation based on product
By application:
• Plastic surgery
• Tissue engineering
• Orthopaedic
• Dental
• Cardiovascular
• Wound healing
• Neurological
• Ophthalmology
By material type:
• Metallic
• Ceramic
• Polymers
• Natural
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Key players in the biomaterials market are Collagen Matrix Inc., CAM Bioceramics BV, Invibio Ltd. Inc., BASF SE, Covalon Technologies Ltd., Carpenter Technology Corporation, Bayer AG, Berkeley Advanced Biomaterials, Corbion N.V., Wright Medical Technology Inc., Evonik Industries AG, Zimmer Biomet Holdings Inc. and royal DSM.
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Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.
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Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients.
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