Asia-Pacific Biomaterials Market to grow at a CAGR of 15.2% by 2021
The Asia-Pacific biomaterials market is estimated at $13 Billion and is poised to reach $27.304 Billion by 2020, growing at a CAGR of 15.2% during the forecast period
(EMAILWIRE.COM, December 27, 2017 ) Biomaterials are the combination of artificial or naturally derived elements which are used in medical applications for instance replacement of tissue and organ transplantation.With the recent developments in medical technology, especially in the fields of medical plastic, stainless steel /titanium metal replacement implant materials which are being predominantly effected by concerns of biocompatibility, in addition to demand for superior implant mechanical performance, the market for plastic materials took a hefty toll.
The increased use of biomaterials is mainly attributed to the research on advancements in medical technology for the efficient functionality of implants along with the increasing number of geriatric patients. In addition to this, support in the form of grants and investment from government agencies, new technologies such as hydrogen scaffolding and decellularized dermal matrixes for grafting are driving the growth of Asia-Pacific biomaterials market.
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However, adverse reaction to biomaterial implants, stringent regulations, inflammation and fracture issues, high cost associated with and difficulties in manufacturing are the major factors limiting the growth of Asia-Pacific biomaterials market.
Based on the types of material, the Asia-Pacific biomaterials market is categorized into ceramic, metallic, polymers, and natural biomaterials. Polymers will have the fastest growth rate in the coming years due to their increased applications in healthcare. With persistent demand from geriatrics and rising incidence of ophthalmic disorders, the mainstream usage of polymers for ophthalmological purposes is predicted to rise in the next few years. Further, based on application, the market is segmented into dental, cardiovascular, orthopaedic, plastic surgery, ophthalmology, wound healing, tissue engineering, neurological /central nervous systems, and other applications which include drug delivery systems, bariatric surgery, gastrointestinal and urinary applications.
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Moreover, on the basis of geography, the Asia-Pacific Market is analysed under various regions namely, India, China, Japan, and South Korea. In the coming few years, the biomaterials market is predicted to witness the highest growth rate in the Asia-Pacific region, with prominence in India, China, and Japan.
Some of the key players in the Asia-Pacific biomaterials market include Royal DSM, Zimmer Biomet Holdings, Inc., Evonik Industries AG, Corbion N.V., Berkeley Advanced Biomaterials, Wright Medical Technology Inc., Covalon Technologies Ltd., Bayer AG, Carpenter Technology Corporation, BASF SE, Invibio Ltd., Inc., CAM Bioceramics BV, and Collagen Matrix, Inc.
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Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
The increased use of biomaterials is mainly attributed to the research on advancements in medical technology for the efficient functionality of implants along with the increasing number of geriatric patients. In addition to this, support in the form of grants and investment from government agencies, new technologies such as hydrogen scaffolding and decellularized dermal matrixes for grafting are driving the growth of Asia-Pacific biomaterials market.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/asia-pacific-biomaterials-market-18/request-sample
However, adverse reaction to biomaterial implants, stringent regulations, inflammation and fracture issues, high cost associated with and difficulties in manufacturing are the major factors limiting the growth of Asia-Pacific biomaterials market.
Based on the types of material, the Asia-Pacific biomaterials market is categorized into ceramic, metallic, polymers, and natural biomaterials. Polymers will have the fastest growth rate in the coming years due to their increased applications in healthcare. With persistent demand from geriatrics and rising incidence of ophthalmic disorders, the mainstream usage of polymers for ophthalmological purposes is predicted to rise in the next few years. Further, based on application, the market is segmented into dental, cardiovascular, orthopaedic, plastic surgery, ophthalmology, wound healing, tissue engineering, neurological /central nervous systems, and other applications which include drug delivery systems, bariatric surgery, gastrointestinal and urinary applications.
Inquire before buying @ http://www.marketdataforecast.com/market-reports/asia-pacific-biomaterials-market-18/inquire
Moreover, on the basis of geography, the Asia-Pacific Market is analysed under various regions namely, India, China, Japan, and South Korea. In the coming few years, the biomaterials market is predicted to witness the highest growth rate in the Asia-Pacific region, with prominence in India, China, and Japan.
Some of the key players in the Asia-Pacific biomaterials market include Royal DSM, Zimmer Biomet Holdings, Inc., Evonik Industries AG, Corbion N.V., Berkeley Advanced Biomaterials, Wright Medical Technology Inc., Covalon Technologies Ltd., Bayer AG, Carpenter Technology Corporation, BASF SE, Invibio Ltd., Inc., CAM Bioceramics BV, and Collagen Matrix, Inc.
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results