Biomaterials Market to Exhibit 12.2% CAGR Till 2027; Rising Prevalence of Cardiovascular Diseases to Spur Growth

Fortune Business Insights

Key Companies Covered in the Biomaterials Market Research Report are Invibio Ltd, Wright Medical Technology, Inc., Evonik Industries AG, Zimmer Biomet, DePuy Synthes Companies, DSM Biomedical, Inc., Corbion NV, among others

PUNE, India, May 15, 2020 /PRNewswire/ -- The global biomaterials market is set to gain impetus from the increasing usage of a wide variety of biomaterials because of their clinical efficiencies. They also provide several benefits in wound healing applications. Fortune Business Insights published this information in a recent report, titled, "Biomaterials Market Size, Share and Industry Analysis, By Material (Metallic Biomaterials, Ceramic Biomaterials, Polymers, and Natural Biomaterials), By Application (Cardiovascular, Dental, Orthopedic, Plastic Surgery, Urology, Gastroenterology, and Others), and Regional Forecast, 2020-2027." The report further mentions that the biomaterials market size was USD 110.0 billion in 2019 and is projected to reach USD 245.6 billion by 2027, thereby exhibiting a CAGR of 12.2% during the forecast period from 2020–2027.

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This Report Answers the Following Questions:

• What are the latest trends in the market?
• How will the market be affected in the coming years?
• Which strategies are being adopted by key companies to aid growth?
• What are the market growth drivers and hindrances?

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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