Dublin, Oct. 26, 2020 (GLOBE NEWSWIRE) -- The "Global Biomaterials - Market and Technology Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
"The Global Biomaterials- Market and Technology Forecast to 2028" report focuses on key market trends between the forecast period from 2020 to 2028. The Biomaterials market in this report is segmented based on Application and Region. The study period for this report is from 2018-2028.
The applications of biomaterials are widespread and due to technological advancements, the prospects of this market have been improving with time. Due to the use of biomaterials in therapeutics, medical diagnosis, as well as bioengineering and tissue engineering the growth of this sector has been exponential. Moreover, due to funding associated with scientific research in this field, it is expected to further propel the biomaterials market.
The global biomaterials market has a market size of USD 120 billion in 2020 and it is estimated to reach USD 369 Billion by 2028. The CAGR of this market is expected to be 15% during the forecast period 2020-2028. The market revenue generated for the Biomaterials market in the year of 2019 was estimated to be around USD 105 Billion. This report accounts for the value chain analysis of this market, it hereafter takes into perspective the end-users and the applications. To probe further into the analysis of this market, it is segmented based on Application and Region.
APAC is expected to be the largest and the fastest growing sector in the global market. This is due to the expanding outreach of the health care industry within this market. Moreover, the growing technological advancement and increasing infrastructure that supports R&D in areas like Japan further propel the growth of this sector. Moreover; the rapidly growing geriatric population coupled with the increasing number of ring cosmetic and plastic surgeries in Asian countries augments the growth of the market in a positive direction.
The growth of hip/ knee replacement surgery also supports the market growth of APAC. Furthermore, biomaterials are used to implant/rebuild/repair damaged parts of the human body hereafter it is also used as a diagnostic approach to treat cardiovascular diseases. Owing to the changing lifestyle of people this is one issue that has been prevalent and hereafter due to the application of biomaterials in its clinical treatment, it aids in the growth of this market. On the basis of the application, the plastic surgery segment is projected to drive the market this is due to the extensive use of biomaterials for covering gaping holes, soft tissues wounds, etc. By type, the polymer biomaterials market is anticipated to hold the largest market share.
The report includes:
A comprehensive analysis of the drivers, restraints, and challenges has been mentioned in this report along with its impact on the global market.
The forthcoming technologies that can influence this market's growth have been discussed.
The key players of this field and the strategies employed by them have been mentioned in this report which can be beneficial to new players.
A strategic plan of this market has been providing using Porter's Five Forces and PESTLE Analysis.
The opportunities within this market for expired patents have been discussed in this report.
Key Topics Covered:
2 Executive Summary
2.1 Global Biomaterials Market Trends and Insights
2.2 Major Findings
2.3 Major Conclusions
2.4 Important Tables and Graphs
3 Current Market Overview of the Global Biomaterials Market
4 Current Technology Trends in the Global Biomaterials
5 Market Segmentation
5.1 By Region
5.2 By Application
6 Market Analysis
6.2 Porter's5 Forces Analysis
6.4 Market Dynamics
6.5 Country Analysis
7 Forecast Global Biomaterials Market by Region to 2028
7.2 Global Biomaterials Market by Region overview
7.3 Global Biomaterials Market By Region (By Application)
8 Forecast Global Biomaterials by Application to 2028
8.2 Global Biomaterials Market by Application overview
8.3 Global Biomaterials Market By Application (By Type)
9 Opportunity Analysis Global Biomaterials Market
10 Events based forecast for the Global Biomaterials Market to 2028
10.2 Events forecast factors
10.3 Global Market
10.4 Events Based Forecast- Scenario 1
10.5 Events Based Forecast- Scenario 2
11 Coronavirus Impact
12 Conclusions and recommendations
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/k0a3o4
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