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Venkat Reddy
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Biomaterials Market: Augmented Revenues Owing to Growing Cardiovascular Incidence
Foreseeing the current medical landscape, the opportunities in the biomaterials market are projected to grow at a potential CAGR of 17.55% through the forecast period 2019-2025., 9/13/2019 - The rising incidence of cardiovascular diseases, road accidents, and inherited disabilities are affecting a significant volume of population. Research in the medical field marked the production of biomaterial. These biomaterials helped numerous people to overcome their damaged body parts with suitable implants and tissue engineering offered by biomaterials. According to IndustryARC market research report, the global Biomaterials Market size was evaluated at $66.1 billion in 2018. Foreseeing the current medical landscape, the opportunities in the biomaterials market are projected to grow at a potential CAGR of 17.55% through the forecast period 2019-2025.

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The report portrays a thorough evaluation of the product market sizing, competitive landscape, product benchmarking, financial analysis, product developments, market trends, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. The report is titled, “Biomaterials Market: By Type (Metals & Alloys, Ceramics, Polymers and Natural Materials); By Application (Orthopedics, Cardiovascular, Tissue engineering, Neurology, Dental, Plastic surgery, 3D printing and Others); By Geography – Forecast (2019 - 2025).”

Biomaterials Market: Geographical Analysis & Leading Segments

North America is the most profitable region in the biomaterials market. The region held 29.5% of the total biomaterials market share. The growing incidence of cardiac and cardiovascular diseases in the region is augmenting biomaterials market growth. Additionally, research in biomaterial science and material science fields are gaining traction in the region owing to the massive capitalization of the segment. Countries such as the United States and Canada are leading in cosmetic surgical procedures which requires biomaterials extensively. As per the American Society of Plastic Surgeons (ASPS), 17.5 million minimal invasive cosmetic procedures and cosmetic surgeries were performed in the United States in 2017. Foreseeing the trending cosmetic surgery concept in the region, the North American biomaterials market will portray significant demands in the near future.

Biomaterials Market: Competitive Landscape

Innovation and development in the biomaterial technology is the most essential factor influencing the biomaterial market competition. Following are the major players influencing the global biomaterials market, Royal D.S.M N.V., BASF SE, Evonik Industries, Berkeley Advanced Biomaterials, Inc., CAM Bioceramics BV, Carpenter Technology Corporation, Invibio Ltd., Covalon Technologies Ltd., Corbion N.V., Collagen Matrix, Inc.

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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

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