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Global Natural Biomaterials Market to Surpass US$ 194.29 Billion by 2027 – Coherent Market Insights

March 11, 2019

SEATTLE--(BUSINESS WIRE)--Mar 11, 2019--The global natural biomaterials market was valued at US$ 57.75 billion in 2018, and is projected to exhibit a CAGR of 14.4% during the forecast period (2019–2027).

Key Trends and Analysis of the Natural Biomaterials Market:

Naturally derived biomaterials are usually applied to restore or replace function and structure of damaged organs or tissues. They have ability of support migration, cell adhesion, differentiation, and proliferation adequately. The advantages of using natural biomaterials for implants is that they are similar to materials familiar to the body. These material do not cause problem of toxicity, which is often caused by synthetic biomaterials.

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On the basis of application, the natural biomaterial market is segmented into Cardiovascular, orthopedic, dental, plastic surgery, wound healing, neurology, tissue engineering, ophthalmology, neurological disorders/central nervous systems, and others. Three main areas of application of biomaterials in medicine are described as drug-delivery system, wound management products, and tissue engineering.

Among applications, in 2018, cardiovascular segment dominated the global natural biomaterials industry attributing to the use of biomaterials in stents, sensors, guide wires, pacemakers, vascular grafts, and implantable cardiac defibrillators. Rising prevalence of cardiovascular and orthopedic disorders along with widening base of geriatric population is expected to contribute to the industry growth.

Furthermore, plastic surgery is expected to expand at fastest growth rate during the forecast period. Natural biomaterials are used in multiple applications such as craniofacial surgery, facial wrinkle treatment, bioengineered skins, soft tissue fillers, acellular dermal matrices, and peripheral nerve repair. The demand for plastic surgery is driven by growing trend for cosmetic surgeries.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/natural-biomaterials-market-2535

Key Market Takeaways:

  • The global natural biomaterials market is expected to exhibit a CAGR of 14.4% during the forecast period (2019–2027). Increasing applications of biomaterials in various applications such as tissue engineering, medical implants, advanced drug delivery, and cosmetic surgeries are predicted to boost the demand for natural biomaterials over the forecast period.
  • In 2018, North America held dominant position in the global natural biomaterials market. Furthermore, Asia Pacific is projected to grow at fastest CAGR over the forecast period (2019 to 2027). Factors such as rising incidence of cancer, growing demand for plastic surgeries, rising bio-based research coupled with high healthcare expenditure are predicted to drive the market growth in future.
  • Some of the major players operating in the global Natural Biomaterials market include BASF SE, Biomet, Inc., Invibio Ltd., Mimetis Biomaterials, Royal DSM, Corbion N.V., Botiss Biomaterials GmbH, and Medtronic, Inc.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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CONTACT: Mr. Shah

Coherent Market Insights

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Seattle, WA 98154

Tel: +1-206-701-6702

Email: sales@coherentmarketinsights.com

KEYWORD:

INDUSTRY KEYWORD: SURGERY HEALTH CARDIOLOGY DENTAL GENERAL HEALTH

SOURCE: Coherent Market Insights

Copyright Business Wire 2019.

PUB: 03/11/2019 10:40 AM/DISC: 03/11/2019 10:42 AM

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