Polymeric Biomaterials will Lead the Growth of Global Biomaterials Market to Reach $198 Billion by 2023
Industry Experts, Inc. published an updated 2018 version of the global market report on Biomaterials. The new report entitled " Biomaterials – A Global Market Overview " reveals that North America leads the worldwide market for Biomaterials, estimated at US$35.7 billion (42.7% share) in 2017, which is slated to post a CAGR of 14.1% between 2017 and 2023. Biomaterials constitute artificially derived synthetic or natural materials utilized in medical technology for enhancing the functionality of tissues and organs that are damaged. These materials function by interacting with biological systems in treating a number of conditions pertaining to cardiovascular, dental, orthopedic and neurological systems. The science of Biomaterials also finds application in a host of advanced medical technologies, such as tissue engineering, plastic surgery, drug delivery devices, and other medical implants. The global market for Biomaterial types analyzed in this study include Metal Biomat