The polymer biomaterial segment in the global biomaterials market is expected to witness the fastest growth, a CAGR of 19.2% during the forecast period.
Biomaterial is a nonviable material used in medical devices or during interaction with biological systems. It is an essential material used for medical applications to substitute a part or a function of body in reliable, safe, and physiologically acceptable method. It poses properties such as biocompatibility, high corrosion resistance, adequate strength, and biofunctionality. Some of the commonly used biomaterials include cellulose, silicone rubber, collagen, titanium, stainless steel, polyurethanes, poly (methyl methacrylate) and hydrogels. The emergence of innovative biomaterial products and advances in technology has improved biomaterials applications and performance.
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Geographically, North America dominated the global market of biomaterial in 2015. Asia-Pacific is expected to witness the fastest growth, a CAGR of 18.3% during the forecast period. This is due to increasing geriatric population, increasing healthcare expenditure, increasing research & development, and growing incidence of cardiovascular diseases in the region.
Global Biomaterial Market
Segmentation
By Material
By Material
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Metallic Biomaterial
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Polymer Biomaterial
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Ceramic Biomaterial
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Others Biomaterial
By
Application
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Cardiovascular
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Orthopedic
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Dental
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Wound Healing
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Plastic Surgery
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Ophthalmology
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Neurological Condition
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Others
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