Biomaterials Market Growth Forecast at 16% CAGR to 2020

Dec 13, 2015, 21:00 ET from ReportsnReports

PUNE, India, December 14, 2015 /PRNewswire/ --

The global biomaterials market is set to reach USD 130.57 Billion by 2020, growing at a CAGR of 16% during the forecast period of 2015 to 2020. Factors such as increased funds & grants by government bodies worldwide, growing implantable devices market, technological advancements, rising number of hip and knee replacement procedures, and high growth in geriatric population coupled with growing incidence of cardiovascular diseases are driving the growth of the market.

Complete report on biomaterials market spread across 297 pages, profiling 13 companies and supported with 179 tables and 64 figures is now available at .

Biomaterials are the focus of major research efforts across the world due to the quality-of-life benefits they offer. Incessant research globally for fulfilling the requirement of highly biocompatible products is a pivotal factor that is stimulating the growth of the global biomaterial market. This has led to immense development of metal, ceramic, polymer, and natural biomaterial-based products.

In 2015, the metallic segment is expected to account for the larger share of the overall biomaterials market, by type of material, while the cardiovascular segment is expected to account for the largest share of biomaterial market, by application.

In 2015, North America is expected to account for the largest share of the worldwide biomaterials market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW).North America's large share is attributed to biomaterials-based research in the U.S., growing demand for plastic surgeries in the U.S., conferences on biomaterials in the U.S., increase in cancer incidences in the U.S., growing prevalence of cardiovascular diseases in the U.S., and increasing funding and R&D activities for biomaterials in Canada. In the coming years, the biomaterial market is expected to witness the highest growth rate in the Asian region, with emphasis on India, China, and Japan. The high growth in India and China can be attributed rising cosmetic and plastic surgeries in India, lucrative medical device industry and new tax policy in China, growing number of cardiovascular diseases and increasing aging population in China, and biomaterials workshops & conferences in China.

The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (agreements, partnerships, joint ventures, collaborations, geographic expansion, new product launches, and acquisitions) to increase their market shares and establish a strong foothold in the global market.

This report analyzes various marketing trends and establishes the most effective growth strategy in worldwide biomaterials market. It identifies market dynamics such as the drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Royal DSM (Netherlands), Wright Medical Technology, Inc. (U.S.), Corbion N.V. (Netherlands), Zimmer Biomet Holdings, Inc. (U.S.), Bayer AG (Germany), Carpenter Technology Corporation (U.S.), Covalon Technologies Ltd. (Canada), Evonik Industries AG (Germany), BASF SE (Germany), Invibio Ltd. (U.K.), Berkeley Advanced Biomaterials, Inc. (U.S.), CAM Bioceramics BV (Netherlands), and Collagen Matrix, Inc. (U.S.) have also been profiled in this report. Order a copy of Biomaterials Market by Type of Material (Metallic, Ceramic, Polymers, Natural Biomaterials) & Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Neurology, Tissue Engineering, Ophthalmology) - Global Forecast to 2020 research report at .

On a related note, another research report on Biopreservation Market Global Forecast to 2020 says, the global biopreservation market is expected to reach USD 3,731.03 million by 2020 from USD 2,150.48 million in 2015, growing at a CAGR of 11.65% between 2015 and 2020. The geographic segments included in this report are North America, Europe, Asia and Rest of the World (RoW). Companies like Thermo Fisher Scientific, Inc., Sigma-Aldrich Corporation, VWR Corporation, Biolife Solutions, Inc., LifeLine Scientific, Inc., Cesca Therapeutics, Inc., BioCision, LLC, Core Dynamics, Ltd., Custom Biogenic Systems, Inc., So-Low Environmental Equipment Co., Inc. and Princeton Cryotech, Inc. have been profiled in this 170 pages research available at .

Explore more reports on pharmaceuticals market at .

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