The biomaterials market is projected to reach USD 149.17 Billion by 2021 from USD 70.90 Billion in 2016, at a CAGR of 16.0%. The growth of the overall market can be attributed to increased funds & grants by government bodies worldwide, the growing implantable devices market, technological advancements, rising number of hip and knee replacement procedures, and high growth in geriatric population coupled with growing incidence of cardiovascular diseases.
The biomaterials market is projected to reach USD 149.17 Billion by 2021 from USD 70.90 Billion in 2016, at a CAGR of 16.0%. The growth of the overall market can be attributed to increased funds & grants by government bodies worldwide, the growing implantable devices market, technological advancements, rising number of hip and knee replacement procedures, and high growth in geriatric population coupled with growing incidence of cardiovascular diseases.
Biomaterials Market for Implantable Devices: Snapshot
A vast variety of materials, which could be obtained from natural sources or synthesized, are used in medical devices directly interacting with biological systems. Commonly used in medical implants such as bone grafts, artificial heart valves, and intraocular lenses, biomaterials, as these materials are called, are witnessing a significant rise in demand across the globe. The rising demand for biomaterials has ... Read more
Biomaterial is any substance or combination other than drugs which may be synthetic or natural in origin. These materials can be used at any period of time which replaces totally or partially any organ, tissue or function of the body to enhance the life of individual as stated by American National Institute of Health. The study of biomaterials is known as biomaterials science, which consists of elements such as biology, medicine, chemistry and tissue engineering among others. Biomaterials ... Read more
