The global biomaterials market is driven by the rising baby boomer population coupled with surging prevalence of deaths from chronic diseases

Date: 27 May 2016

According to recently published Azoth Analytics 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 grew at a CAGR of approximately 14% during 2015 – 2020, on the heels of surging cases of deaths from various types of chronic diseases, burgeoning baby boomer population, budding technological innovations across various product segments, growing implantable devices market, emerging application of implants across various different healthcare verticals coupled with increasing support from the government.

In terms of segmentation, market is categorized on basis of material type – Polymer, Ceramic and Metal and application-orthopedic, cardiovascular, plastic surgery, wound care and others. 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.

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.

With the industry witnessing moderate growth rate, it is anticipated that the Biomaterials market will exhibit higher CAGR in the forecast period. High prevalence of chronic diseases coupled with emerging usage of biomaterials in various other applications such as ophthalmic, dental, etc. is anticipated to propel the growth of biomaterials market in the forecast period.

The report titled “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)”, provides an in-depth analysis of the potential of biomaterials market worldwide and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Biomaterials market.
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