Biomaterials Market – Overview
Global Biomaterials Market at a strong CAGR of 12% during the forecast period, 2017-2023 Biomaterials are any materials that are used to implant missing or damaged tissues. They can be natural or synthetic in nature and regardless of their origin, they are compatible to be used in place of living tissues. Biomaterials are broadly used in drug delivery as capsules or Nano-shells. Generally, they are biodegradable as well as bioresorbable so that they can disappear from organism after completing their function. They can also be used as substitutes of bone, collagen membranes, and regenerative dentistry as well as in bone and cartilage regeneration during an orthopedic surgery. However, high cost associated with biomaterial production, abrasive wear of implantable products, and biocompatibility issues with the products hamper the market growth.
Global Biomaterials Market -Some major players in the global biomaterials market include, Invibio Ltd. (U.K.), Carpenter Technology Corporation (U.S.), Evonik Industries AG (Germany), Berkeley Advanced Biomaterials, Inc. (U.S.), CAM Bioceramics BV (Netherlands), and Celanese Corporation (U.S.), Wright Medical Technology, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Bayer AG (Germany), Collagen Matrix (U.S.)
On the basis of the application, the market is classified as cardiovascular, orthopedic, ophthalmology, dental, plastic surgery, wound healing, tissue engineering, neurological disorders, and others. The cardiovascular segment is divided into catheters, stents, implantable cardiac defibrillators, pacemakers, sensors, heart valves, vascular grafts, guidewires, and others. The orthopedic segment is divided into joint replacement, viscosupplementation, bioresorbable tissue fixation, spine, fracture fixation devices, and orthobiologics. The joint replacement is further divided into knee replacement, hip replacement, shoulder replacement
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