MARKET OVERVIEW
Biomaterial is a substance that is engineered to interact with human biological system for medical and therapeutic purpose. The biomaterials are made up of natural origin or synthesized in a laboratory. Biomaterials are used in various medical applications such as aesthetic surgeries, orthopedic, cardiovascular and ophthalmology among others.
MARKET SCOPE
The "Global Biomaterials Devices Market Analysis to 2028" is a specialized and in-depth study of the biotechnology industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biomaterials devices market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading biomaterials devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global biomaterials devices market is segmented into natural, polymers, ceramic, and metallic.
- On the basis of application, the global biomaterials devices market is segmented into orthopedic, cardiovascular, dental, ophthalmology, tissue engineering, and others.
MARKET DYNAMICS
Drivers
- Rising grants and funds by government bodies promoting and supporting innovation of new biomaterials.
- Rising application of biomaterial in implantable devices.
- Increasing incidence of chronic orthopedic and cardiovascular diseases.
- New market players are entering the market owing to the easy availability of raw materials and low capital requirement.
Restraints
- Stringent regulatory procedures for approval of biomaterials
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The biomaterials devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biomaterials devices market in these regions.
IMPACT OF COVID-19 ON BIOMATERIALS DEVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the biomaterials devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from biomaterials devices market are anticipated to lucrative growth opportunities in the future with the rising demand for biomaterials devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biomaterials devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Corbion N.V.
- Invibio Ltd.
- CAM Bioceramics B.V.
- Evonik Industries AG
- Celanese Corporation
- BASF SE
- Berkeley Advanced Biomaterials, Inc.
- Collagen Matrix, Inc.
- Zimmer Biomet Holdings, Inc.
- Carpenter Technology Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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