ALL >> General >> View Article
Apac Biomaterials Market To Be Worth Over $26.9 Billion By 2023
Meticulous Research® – leading global market research company published a research report titled “Biomaterials Market by Material Type [(Metal (Alloy, Pure Metal), Ceramic (Inert, Bioresorbable), Polymer, Natural Materials, Composites)], and Application (Heart Disease, Orthopedic, Opthalmic, Dental Application, Neurostimulator)- Global Forecast to 2023”
According to this latest publication from Meticulous Research®, the global biomaterials market will grow at a CAGR of 8.8% from 2018 to 2023 to reach USD 128.7 billion by 2023, driven by increasing incidence of chronic conditions with rising geriatric population, increasing demand for implantable medical devices, rising number of hip and knee replacements, significantly growing number of cosmetic & reconstructive plastic surgery procedures, and various technological advancements in this field. Moreover, factors such as growing healthcare market in emerging economies, increasing number of free trade agreement, and rising investments in the R&D for development of new biomaterials further provides major opportunities in the global biomaterials market.
Browse in depth research@ https://www.meticulousresearch.com/product/biomaterials-market/
The rising healthcare expenditure; increasing research and development activities; increasing incidence of cardiovascular diseases, neurological diseases, and other neurodegenerative disorders along with aging population; increasing awareness of implantable devices; and expanded application of neurostimulators in treating chronic or neuropathic pain are the major factors driving the growth of biomaterials market in Asia-Pacific (APAC) region.
The biomaterials market is segmented on the basis of type of material (metals & alloys, ceramics, polymers, composite materials, and natural materials), and application (cardiovascular, orthopedic, ophthalmology, dental, neurostimulators, and other applications). On the basis of type of material, metals & alloys held the largest share of APAC biomaterial market in 2017 and is expected to continue its dominance during the forecast period. The largest share of metals & alloys is mainly attributed to the wide adoption of metallic biomaterials in orthopedic implants due to their strength and resistance to fatigue degradation to provide strong and durable support & replacement to the damaged bones. However, composite biomaterials are rapidly gaining traction.
Based on application, cardiovascular diseases accounted for the largest share in the biomaterials market in 2017. This was mainly attributed to the rising adoption of implantable medical devices like pacemakers, defibrillators, valves, heart monitors, and stents for prevention of sudden cardiac deaths (SCD) in high risk patients; increasing incidence of cardiac arrest, atrial fibrillation, and atherosclerosis; increasing burden of high blood pressure; and congenital heart defects. However, other applications including plastic surgery, wound healing, tissue engineering, urinary applications, and gastrointestinal applications are expected to witness fastest growth during the forecast period.
China will be the growth engine of APAC biomaterials market.
The Chinese biomaterial market presents significant growth opportunities in the near future. Cardiovascular diseases (CVDs) represent the leading cause of death in China. According to the National Center for Cardiovascular Diseases report, in 2017, the total number of CVD patients was 290 million. The number of pacemaker implants have grown significantly in recent past. For instance, the number of pacemaker implants has witnessed 69.5% increase from 38,768 implants in 2010 to 65,697 pacemaker implants in 2015. This number is expected to continue to grow rapidly in the future, along with the rising burden of CVDs. Thus, there will be huge demand for cardiovascular intervention devices in China which in turn will provide significant opportunity for biomaterials market during the forecast period.
Request sample report @ https://www.meticulousresearch.com/request-sample-report/?cp_id=4270
Some of the key players in the biomaterial market are KONINKLIJKE DSM, Corbion N.V., Eptam Plastics, Ltd., DiSanto Technology, Inc., CoorsTek Medical LLC, Carpenter Technology Corporation, ZAPP AG, United Titanium, Inc., CAM Bioceramics B.V., Celanese Corporation, Victrex plc, BASF SE, Evonik Industries AG, Zimmer Biomet Holdings, Inc., and Wright Medical Group N.V.
General Articles1. The Sbi 2022 Exam Diaries
2. Sbi 2022 Exam Options
3. Key Trends Affecting Business Insurance In Canada
Author: Jason Davis
4. Hire The Best Mechanics Of Lg Auto Glass For The Purpose Of Auto Glass Repairs
5. Getting A Deep Tissue Massage Vancouver Or A Cupping Therapy Vancouver Is In Your Body’s Best Intere
Author: Elegance Massage
6. Impact Of Covid-19 On Perfume Ingredient Chemicals Market: The Challenges, Demand, Solutions And Opp
7. Types Of Accounting Software
Author: Anjalli Shah
8. How Can Asthmatics Know When To Seek Medical Attention | Breathefree
Author: Mezzy batliwala
9. Benefits Of Speech To Text Technology For Media Industry
Author: john adam
10. The Benefits Of Hiring Furnished Apartments In San Diego.
Author: Patrick Lauren
11. How To Work A Cuckoo Wall Clock Into Your Home Decor
Author: Bob Ellis
12. The Student Loan Crisis
Author: Damon Bryan
13. Best Astrologer In England | Famous Astrologer In England
Author: Astrologer Shiv Kumar
14. How To Pick Out A Cuckoo Clock
Author: Bob Ellis
15. More Than Airsoft Guns: Other Essentials Of The Sport
Author: Alex Paterakis