Growing Application Areas of Biomaterials Market Driving Growth in Healthcare Sector
The report “ Biomaterials Market by Type of Materials (Metallic, Ceramic, Polymers, Natural) & By Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Neurological disorders, Tissue Engineering, Ophthalmology) – Global Forecast to 2024″ , is projected to grow at a CAGR of 14.5% during the forecast period, to reach USD 207 billion by 2024 from USD 105 billion in 2019. Factors such as the increasing funds and grants by government bodies and universities for the development of novel biomaterials, increasing demand for implantable devices, growing demand for biomaterials in plastic surgery and wound healing applications, rising incidence of cardiovascular diseases, and rising awareness and research on regenerative medicine are driving the growth of the biomaterials market during the forecast period. Metallic biomaterials accounted for the largest share of the biomaterials market in 2018 The metallic biomaterials segment accounted for the largest s...