According to the latest study titled ‘Global Biomaterials Market: Analysis By Type (Metal, Ceramic, Polymer), By Application (Orthopedic, Cardiovascular, Plastic Surgery, Wound Care), By Region, By Country (2018 Edition): Forecast to 2023 - By Region (North America, Europe, APAC, ROW), By Country (U.S, Canada, Mexico, Germany, France, UK, Italy, Spain China, Japan, India)’  available at MarketStudyReport.com, the global biomaterials market is estimated to grow with a CAGR of 14.8% through the year 2023.  
 

Biomaterial is biocompatible substance that is designed to interact with biological systems for therapeutic and diagnostic purposes. Increasing number of cosmetic procedures and its popularity among the global population, in tandem with rising disposable income are the key factors driving the growth of biomaterials market.
 

The study encompasses details about segmental shares, and expansion strategies adopted by manufacturers in biomaterials market. It provides insight about the challenges, drivers, trends, and restraints impacting the market growth. The report also offers strategic recommendations that can be incorporated by competitors to expand their business footprint.
 

Based on type, biomaterials market is segmented into polymer, ceramic, and metal, wherein the foremost segment is presumed to grow momentously over the analysis timeframe, on account of surging demand of cosmetic surgeries and growing prevalence of cardiovascular diseases across the globe, cites the report.
 

While speaking of application spectrum, the industry is divided into cardiovascular, wound care, plastic surgery, orthopedic, and others.
 

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In terms of geographical landscape, the global biomaterials market is divided into regions including Europe, North America, APAC and rest of the world. As per report, North America biomaterials market registered the largest share in 2017. However, APAC biomaterials market is presumed to witness accelerated growth in the upcoming years, owing to increasing geriatric population and rise in cardiovascular diseases across the region.
 

Some of the vendors that operate in the global biomaterials market are Bayer Healthcare AG, Evonik Industries, Wright Medical Group, Koninklijke DSM N.V, and Zimmer Biomet Holdings Inc.