The European Biomaterials market is poised to reach USD 36.087 Billion by 2021, growing at a CAGR of 14% during the forecast period
According to the report “Europe Biomaterials Market”, published by Market Data Forecast, the market is projected to reach USD 36.087 Billion by 2021, at a CAGR of 14 % from 2016 to 2021.
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Biomaterials are made in a way that can be quickly interacted with the biological systems for a medical use. These materials can be merged in laboratory using various components such as polymers, metallic components, ceramics and composite materials or they can acquire naturally.
Biomaterials are used widely like as a heart valve, dental applications, drug delivery or even important parts such as hydroxyl-apatite coated hip implants.
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Support from government in terms of funding, investment and grants, research on development in the medical technology, inclining geriatric population and rise in demand for biomaterials in neurology, plastic surgery, and cardiology and wound healing are acting as the major factors for the expansion of the biomaterials market. Biomaterials are smoothly acquired by the biological systems which incline their demand over plastic materials.
Segmentation based on product
- Plastic surgery
- Tissue engineering
- Wound healing
By material type:
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Key players in the biomaterials market are Collagen Matrix Inc., CAM Bioceramics BV, Invibio Ltd. Inc., BASF SE, Covalon Technologies Ltd., Carpenter Technology Corporation, Bayer AG, Berkeley Advanced Biomaterials, Corbion N.V., Wright Medical Technology Inc., Evonik Industries AG, Zimmer Biomet Holdings Inc. and royal DSM.
Scope of the Biomaterials Market Study:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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