Biomaterials Market Worth 130.57 Billion USD by 2020
PUNE, India, December 9, 2015 /PRNewswire/ --
According to a new market research report "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", published by MarketsandMarkets, This report studies the global market for the forecast period of 2015 to 2020. This market is expected to reach USD 130.57 Billion by 2020 from USD 62.06 Billion in 2015, at a CAGR of 16%.
Browse 179 market data Tables and 64 Figures spread through 297 Pages and in-depth TOC on "Biomaterials Market"
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The market report analyzes and studies the major market drivers, restraints/challenges, and opportunities.
The global endoscopy equipment market is segmented on the basis of types of material, applications, and regions.
Based on the types of material, the biomaterials market is categorized into metallic, ceramic, polymers, and natural biomaterials. The metallic segment is further segmented into stainless steel, titanium & titanium alloys, cobalt-chrome alloys, silver, gold, and platinum. The ceramic segment is further segmented into aluminum oxide, zirconia, calcium phosphate, calcium sulphate, carbon, and glass. The polymers segment is further segmented into polymethylmethacrylate (PMMA), polyethylene, polyester, polyvinyl chloride, silicone rubber, nylon, and polyetheretherketone (PEEK). The natural biomaterials market is further segmented into hyaluronic acid, collagen & gelatin, fibrin, cellulose, chitin, alginate, and silk. In 2015, metallic segment is estimated for the larger share of the biomaterials market.
Based on application, the market is segmented into cardiovascular, orthopedic, dental, plastic surgery, wound healing, tissue engineering, ophthalmology, neurological /central nervous systems, and other applications which include drug delivery systems, gastrointestinal, bariatric surgery, and urinary applications. The cardiovascular segment is expected to account for the largest share of the biomaterials market in 2015. Orthopedic segment is expected to be the second-largest application area in 2015.
On the basis of regions, the global market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (Latin America, Middle East, and Africa). In 2015, North America is poised to account for the largest share of the biomaterials market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period and serve as a revenue pocket for companies offering biomaterials.
A number of 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 this market. In addition, high growth is expected for plastic surgery and wound healing applications, which will further drive the growth of the biomaterials market.
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Prominent players in the global Biomaterials Market include 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.).
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