Biomaterials Market to Reach USD 262.5 Billion by 2027 | CAGR 11.8% — Forencis Research

  • According to the new market research report Biomaterials Market by Type (Metallic, Polymeric, Ceramic, Natural), by Application (Cardiovascular, Orthopedic, Ophthalmology, Wound Healing, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global biomaterials market is estimated to reach USD 262.5 Billion by 2027 at a CAGR of around 11.8% during the review period.
  • A subatsance which is been engineered to interact with biological systems for a medical purpose either therapeutic or diagnostic is called as biomaterial
  • Biomaterials are implemented in various advanced medical technologies such as plastic survey, drug delivery device, tissue engineering, and other medical device
  • Low toxicity, biocompatibility, and renewable nature of polymeric biomaterials make them drug delivery agents in targeted and controlled drug delivery, thus boosting the market growth
  • Increasing grants and funds by government bodies and universities for the development of novel biomaterials has expected to drive the growth of the market during the forecasted period
  • Stringent clinical and regulatory processes of biomaterial-based products to ensure quality & efficiency has anticipated to hinder the market growth
  • Limitations of biomaterials-based products are may pose a major challenge to the product market during the forecasted period
  • North America
  • Asia-Pacific
  • Evonik Industries AG:
  • BASF SE:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DataBridge Market Research

DataBridge Market Research

28 Followers

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach