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The implantable biomaterials market consists of sales of implantable biomaterials and related services. A biomaterial is a natural or synthetic material that is used in medical applications to support, enhance, or replace the damaged tissue or a biological structure.
Global Implantable Biomaterials Market Size And Drivers:
The global implantable biomaterials market is expected to grow from $103.9 billion in 2020 to $114.35 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The implantable biomaterials market is expected to reach $161.22 billion in 2025 at a CAGR of 9%. The allocation of funds by government organizations in the development of new biomaterials contributed to the implantable biomaterials market's growth.
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Trends In The Global Implantable Biomaterials Market
Major companies in the implantable biomaterials market are implementing 3D printing of biomaterials in manufacturing. For instance, Evonik is producing 3D printable biomaterials for medical technology that are used for manufacturing medical implants with permanent body contact and temporary body contact line of bioresorbable filaments and powders. Implants with permanent body contact are based on Vestakeep Peek, and with temporary body contact are based on Resomer.
Global Implantable Biomaterials Market Segments:
The global implantable biomaterial market is further segmented –
By Material: Metallic, Ceramic, Polymers, Natural
By Application: Dental, Cardiovascular, Ophthalmology, Orthopaedic, Other
By End-User: Hospitals, Ambulatory Surgical Centres, Specialty Clinics
By Geography: The global implantable biomaterials market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Implantable Biomaterials Market At:
https://www.thebusinessresearchcompany.com/report/implantable-biomaterials-global-market-report-2020-30-covid-19-growth-and-change
Implantable Biomaterials Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides implantable biomaterials market overviews, analyzes and forecasts market size and growth for the global implantable biomaterials market, implantable biomaterials market share, implantable biomaterials market players, implantable biomaterials market segments and geographies, implantable biomaterials market’s leading competitors’ revenues, profiles and market shares. The implantable biomaterials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
