Biomaterials Market Growing at 15.73% CAGR to 2021 as Chronic Diseases See Increased Occurrences

31 May, 2016, 06:00 ET from ReportsnReports

PUNE, India, May 31, 2016 /PRNewswire/ --

The global biomaterials market is driven by the rising baby boomer population coupled with surging prevalence of deaths from chronic diseases. According to research report, "Global Biomaterials Market (By Type, By Application, By Region, By Country): Opportunities and Forecasts (2016-2021) - (By Value; By Material Type - Polymer, Ceramic, Metal; By Application Orthopaedic, Cardiovascular, Plastic Surgery, Wound Care); By Region-North America, Europe, APAC, ROW; By Country - US, UK, Germany, Italy, Japan, China, India; Key Players - Strategy, Financial Performance)", Global Biomaterials Market is projected to exhibit a CAGR of around 15.73% during 2016 2021.

Complete report on biomaterials market spread across 235 pages providing competitive analysis of 8 companies, tables and figures is now available at http://www.reportsnreports.com/reports/569412-global-biomaterials-market-by-type-by-application-by-region-opportunities-and-forecasts-2016-2021-by-material-type-polymer-ceramic-metal-by-application-orthopaedic-cardiovascular-plastic-surgery-wound-care-by-region-north-america-europe-apac-row-by-country-us-uk-germany-italy-japan-china-india-key-players-strategy-financial-performance-.html.

Biomaterials Market has been growing at a moderate rate over the last five years on account of increasing prevalence of deaths from various chronic diseases, emerging technological innovations, rising number of baby boomer population, surging implantable devices market.  During 2016-21, Biomaterials Market is anticipated to grow at an increased rate on the heels of high prevalence of chronic diseases coupled with emerging usage of biomaterials in various other applications. Moreover, increasing government aids and grants along with a series of technological innovations has been backing the market.

Material Wise, polymer biomaterials lead the market with over 64% contribution in the year 2015 while orthopedic biomaterials contribute the maximum share in the same period. And Region Wise North America contributed a whopping share of 42.77% in 2015 and is anticipated to maintain the leadership in the future. High baby boomer population coupled with increasing grants and aids by the government is backing the biomaterials market in the region.

The leading companies operating in Global Biomaterials Market are Royal DSM, Wright Medical Technology, Inc., Corbion N.V., Carpenter Technology Corporation, Zimmer Biomet Holdings, Inc., Evonik Industries, Bayer Healthcare AG, Koninklijke DSM N.V., Basf SE. Order a Copy of Report at http://www.reportsnreports.com/purchase.aspx?name=569412.

Another report titled Global Orthobiologics Market 2016-2020 forecasts orthobiologics market to grow at a CAGR of 7.03% during the period 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of: Stem cells, Bone morphogenetic proteins, Synthetic bone grafts, Viscosupplements, Demineralized bone matrix and Allografts.

The following companies are the key players in the Global Orthobiologics Market like DePuy Synthes, Medtronic, Sanofi, Stryker and Zimmer Biomet. Other prominent vendors are also listed. Commenting on the report, an analyst said: "A major trend that is expected to boost the market growth during the forecast period is the increase in funds to enhance orthobiologics. Vendors in the market are extensively investing in research to develop a wide range of innovative products, strengthening their portfolio and successful commercialization of products. Such developments will lead to the growth of the orthobiologics market over the next five years."

According to the report, forming strategic partnerships for marketing is one of the primary drivers of the market. Vendors form strategic partnerships to expand their businesses, extend their product offerings, and increase their market shares. These partnerships also help companies align their technologies with each other's innovative medical device portfolio. Complete report available at http://www.reportsnreports.com/reports/496155-global-orthobiologics-market-2016-2020.html.

Explore other new reports on biotechnology market at http://www.reportsnreports.com/market-research/biotechnology/.

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