Medical Newswire

Medical Newswire!

Medicine, Healthcare, Medical Research, Hospitals, Management
Press release distribution service
Home | Medical-Newswire.Com:

Growing Application Areas of Biomaterials Market Driving Growth in Healthcare Sector

 



(Medical-NewsWire.com, February 18, 2020 ) The report “Biomaterials Market by Type of Materials (Metallic, Ceramic, Polymers, Natural) & By Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Neurological disorders, Tissue Engineering, Ophthalmology) – Global Forecast to 2024″, is projected to grow at a CAGR of 14.5% during the forecast period, to reach USD 207 billion by 2024 from USD 105 billion in 2019. Factors such as the increasing funds and grants by government bodies and universities for the development of novel biomaterials, increasing demand for implantable devices, growing demand for biomaterials in plastic surgery and wound healing applications, rising incidence of cardiovascular diseases, and rising awareness and research on regenerative medicine are driving the growth of the biomaterials market during the forecast period.



Metallic biomaterials accounted for the largest share of the biomaterials market in 2018



The metallic biomaterials segment accounted for the largest share of the biomaterials market, by type, in 2018. This is primarily attributed to the wide use of metals in the manufacturing of medical devices used in cardiovascular, dental, and orthopedic applications. It is expected that the rise in geriatric population globally will increase the demand for these devices, as age increases susceptibility to orthopedic, dental, ophthalmological, neurological, and cardiovascular disorders. In line with this, according to the American Joint Replacement Registry (AJRR), 860,080 hip and knee replacement procedures were performed in the US in 2017. This number is expected to reach 3.48 million procedures per year by 2030.



Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=393



Cardiovascular applications segment accounted for the largest share of the biomaterials market in 2018



The cardiovascular applications segment accounted for the largest share of the biomaterials market, by application, in 2018. This is primarily due to the increasing prevalence of cardiovascular diseases, rising geriatric population, growing number of angiography procedures, and the increasing adoption of cardiac stents, pacemakers, and implantable cardiac defibrillators. For instance, according to the World Health Organization (WHO), 17.9 million people die each year from CVDs, which is an estimated 31% of all deaths worldwide. This figure is expected to grow to more than 23.6 million by 2030. Additionally, a number of diagnostic and therapeutic devices have been developed for cardiac applications. These devices include catheters, guidewires, sensors, pacemakers, implantable cardioverter defibrillators, vascular grafts, heart valves, and stents. Biomaterials are used for the manufacturing of these devices.



Asia Pacific region to register the highest growth in the biomaterials market during the forecast period



In 2018, North America accounted for the largest share of the biomaterials market, followed by Europe. Increase in biomaterial-based research, rising demand for plastic surgeries, growing incidence of cancer, and the rising prevalence of cardiovascular diseases are the factors propelling the growth of the biomaterials market in this region.



The Asia Pacific region is projected to register the highest growth rate in the biomaterials market during the forecast period, primarily due to the rising geriatric population in China and India, Japan’s growing healthcare industry, and the rising prevalence of cardiovascular diseases in India.



Request for Sample Pages @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=393



Leading Companies



Prominent players in the biomaterials market are Royal DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), Carpenter Technology Corporation (US), Evonik Industries (Germany), Berkeley Advanced Biomaterials (US), Cam Bioceramics B.V. (Netherlands), Celanese Corporation (US), CoorStek Inc. (US), CeramTec (Germany), and GELITA AG (Germany).

MarketsandMarkets™

Mr. Sanjay Gupta

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com


Medical Resources
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Healthcare resource center today to browse our selection of 600+ complimentary Healthcare magazines, white papers, webinars, podcasts, and more. Get popular titles including:

Eyecare Business
Medical Laboratory Observer
FierceHealthcare

No credit cards, coupons, or promo codes required. Try it today!

Medical Sponsors

Health News


Pharmanewswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com. CityRegions.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2012 GroupWeb Media LLC. All Rights Reserved.


GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
Medical-Newswire.com - Medicl Newswire and Press Release service of GroupWeb Media LLC