Biomaterials Market (Cardiovascular, Orthopedic, Dental, Tissue Engineering, Ophthalmology, Neurology Disorders) Worth $88.4 Billion by 2017 - Report By MarketsandMarkets
(PRWEB) February 26, 2014 -- The "Biomaterials Market [By Products (Polymers, Metals, Ceramics, Natural Biomaterials) & Applications (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Ophthalmology, Neurology Disorders)] - Global Forecasts To 2017" analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World.
Browse 220 market data tables with 33 figures spread through 504 pages and in-depth TOC on Biomaterials Market" - http://www.marketsandmarkets.com/Market-Reports/biomaterials-393.html.
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The global market for biomaterials is estimated at $44.0 billion in 2012 and is poised to grow at a CAGR of 15% from 2012 to 2017 to reach $88.4 billion by 2017.
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The biomaterial polymers market is expected to show the highest growth at a CAGR of 22.1% (2012-2017) due to tremendous ongoing research for the development of biodegradable and bio-compatible polymeric biomaterial and its use in a wide range of applications.
The global biomaterial market is broadly segmented into two categories, by type and by application. The global biomaterial market, by type, is broadly categorized into metals, ceramics, polymers, and natural biomaterials. The biomaterial applications market is broadly segmented into orthopedic, cardiovascular, neurological, dental, tissue engineering, wound healing, plastic surgery, ophthalmology and other applications such as gastrointestinal, urinary, bariatric surgery, and drug delivery system. In 2012, the cardiovascular biomaterial segment contributed 34.5% to the global biomaterial market, followed by the orthopedic segment. Plastic surgery and wound healing applications are expected to witness the highest growth in the coming years.
North America is the largest biomaterial market and is expected to grow at a high CAGR from the year 2012 to 2017 due to an increase in the aging population. Due to rising awareness of biomaterial products in Asia, and increased conferences and collaborations, the Asian market is expected to grow at a CAGR of 21.5% from 2012 to 2017.
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