Global Biomaterial Market Expected to Grow at 16.1% CAGR During 2016 - 2022: P&S Market Research
NEW YORK, July 1, 2016 /PRNewswire/ --
According to market research "Global Biomaterial Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Material (Metallic, Polymer, Ceramic, and Others), by Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Ophthalmology, Neurological Condition and Others)" by P&S Market Research, the global biomaterial market was valued at $62,068.0 million in 2015 and it is expected to grow at a CAGR of 16.1% during 2016-2022. The polymer biomaterial segment in the global biomaterial market is expected to witness the fastest growth, a CAGR of 19.8% during the forecast period.
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Access Report Description with Detailed TOC on "Global Biomaterial Market" at: https://www.psmarketresearch.com/market-analysis/biomaterials-market
The global biomaterial market is growing at a significant rate, due to increasing healthcare expenditure, growing geriatric population and increasing incidence of cardiovascular diseases. The technological advancement in biomaterials, growing demand of implantable devices, and increasing incidence of hip and knee replacements are also driving the growth of the global biomaterial market. However, factors such as strict regulatory requirements for approval of biomaterials and limitations of biomaterials are inhibiting growth of the market globally.
Some of the key companies operating in the global biomaterial market include Wright Medical Technology Inc., Corbion N.V., Royal DSM, Zimmer Biomet Holdings Inc., Collagen Matrix Inc., Berkeley Advanced Biomaterials Inc., and Cam Bioceramics BV.
Browse Related Research: https://www.psmarketresearch.com/industry-report/healthcare
Global Biomaterial Market Segmentation
- Metallic Biomaterial
- Polymer Biomaterial
- Ceramic Biomaterial
- Others Biomaterial
- Wound Healing
- Plastic Surgery
- Neurological Condition
> North America
- Rest of North America
- Rest of Europe
- Rest of Asia-Pacific
> Rest of the World (RoW)
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