Global Biomaterials Market
Global biomaterials market generated revenues worth USD 95 billion in 2018 and is likely to witness growth rate of 14% over the analysis time frame. Factors such as increasing utilization of biomaterials majorly for the repair and construction of musculoskeletal system & soft tissue regeneration, as well as its utilization in several medical devices and systems are the mainly fueling the growth of global biomaterials market over the forecast time frame.
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Also, increasing applications of biomaterials in clinics and other medical facilities in order to get a non-specific response in form of immunity from the host are also creating opportunities for the global biomaterials industry growth. Moreover, increasing inclination towards the characterization of the biological response of several materials along with identification of longer time horizons that are required for the research and development activities are the major factors fueling the growth of global biomaterials market. Rising requirement of medical facilities are development of infrastructure in the healthcare industry such as hospitals, clinics, home care centers and others are further creating opportunities for the expansion of global biomaterials market in coming years.
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Biomaterials are the devices or substances used across the medical field that are useful to interact with biological systems for several medical purposes, and have been engineered in a way which can help the medical facilities such as hospitals and home care centres. The major usage of the biomaterials is to be used in therapeutic processes such as in order to repair, treat, augment, or replace a tissue function of the body or just to diagnose them.
Biomaterials emerged around fifty years ago, however, rising technological developments as adoption of several advanced technologies for the development of medical devices as well as increasing expenditure in the healthcare sector are the major factors that are contributing to the growth of global biomaterials market over the analysis period.
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Over the last decades, the approach to wound care has been profoundly transformed, as a result of a better understanding of wound healing physiology. The principles that were traditionally based on frequent disinfection and drying of the wound are no longer in use. International consensus now favours healing in a moist environment and less disinfection. These principles have been adopted by the WHO as the basic approach for wound care. Although healing in a moist environment has largely benefited from the arrival of new dressings on the market (e.g., hydrocolloid, hydrogel, hydro cellular, and alginate dressings), these items are far too expensive and rarely available in countries with reduced resources. Owing to the growing chronic wounds, the major players operating in the biomaterials market have been spending on R&D to develop novel biomaterials for wound care which would provide substantial benefit to patients over the forecast period.
Some of the major companies operating in this industry include Berkeley Advanced Biomaterials, Collagen Solutions Plc, Corbion, Dentsply International Inc., Evonik Industries, Geistlich Pharma AG, DSM, Institut Straumann AG, Ceramtec, and Medtronic among other prominent players.
Table of Content:
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Biomaterials Market by Type of Material, 2015-2025 (USD Million)
Chapter 5. Global Biomaterials Market by Applications, 2015-2025 (USD Million)
Chapter 6. Global Biomaterials Market by Region, 2015-2025 (USD Million)
Chapter 7. Company Profiles
Chapter 8. Appendix
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