Research Nester assesses the growth of the global biomaterials market over the forecast period, i.e., 2023-2033, and evaluates its future prospects. Rising demand for implants in the dental and orthopedic sector of the medical field to drive market growth. The number of Americans with no teeth during 2019-2020 was 35 million and more than 100 million people with at least one tooth missing.
Research Nester’s recent market research analysis on “Biomaterials Market: Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitors analysis and a detailed overview of the global biomaterials market in terms of market segmentation by type of materials, application, and by region.
Growing Adoption of Plastic Surgeries and Wound Healing Applications to Drive Growth of the Global Biomaterials Market
The global biomaterials market is estimated to grow majorly on account of the increased development and advancements in regenerative medicine. Regenerative medicine is the scientific technology to repair, regenerate, and restore the normal function of damaged or lost cells, tissues, and organs. The rising disposable income of people has increased the demand for plastic surgeries including nose reconstruction and facial changes with the intention to look perfect. This is estimated to propel the market growth during the forecast period. In 2019, 2,600,000 plastic surgeries were performed in the U.S.
The market research report on global biomaterials encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
By type of materials, the global biomaterials market is segmented into metallic, ceramic, polymer, and natural. The metallic segment is to garner a highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. The increasing geriatric population, rising funds, and grants from the government sector for the innovations and development of biomaterials are expected to have a positive impact on the market growth during the forecast period. The worldwide growth of old age population with the age of 60 years and above in 2022 was 1.4 billion increased from 1 billion in 2020
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By region, the North America biomaterials market is to generate the highest revenue by the end of 2033. This growth is anticipated by growing healthcare expenditure, rising diabetic cases, and increasing healthcare infrastructure. Between 2000-2019, the number of people suffering from diabetes rose by 3% around the globe.
The research is global in nature and covers detailed analysis on the biomaterials market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global biomaterials market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global biomaterials market which includes company profiling of Covestro AG, HMA Group Holdings, LLC, Victrex plc, Corbion N.V., Mitsubishi Chemical Group Holdings, AB Specialty Silicones, LLC, CeramTec GmbH, Olympus Corporation, Gelita AG, and Evonik Industries AG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global biomaterials market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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