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The global polymeric biomaterials market is expected to grow in the forecast period of 2024-2032 at a CAGR of 15.70%.
The increasing use of synthetic polymeric biomaterials for pericardial repair is driving the cardiology segment growth based on application. In addition to this, three-dimensional polymeric systems made from synthetic and natural biomaterials are gaining traction in cardiac post-infarction therapy.
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This factor is likely to propel the demand for polymeric biomaterials in the forecast period. Furthermore, the rising cases of cardiovascular diseases among the geriatrics, coupled with the increasing inclination of cardiologists towards biomimetic devices based on synthetic or natural polymers are anticipated to aid the market.
The polymeric biomaterials industry in North America is driven by the rising investments in the development of efficient drug delivery systems and advanced healthcare infrastructure, the growing collaborations to further research activities, and a strong foothold of the leading biopharmaceutical companies in the United States. In addition to this, increased competition among the raw material providers and high investment opportunities in the region for biopharma companies are anticipated to augment the market growth in the region.
Polymeric biomaterials are defined as polymer-based biomaterials which interact with biological systems for medical purposes. Therefore, polymeric biomaterials are mainly utilised for therapeutic applications. In addition to this, biomaterials can be natural, synthetic, or hybrid.
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Based on application, the market can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The rising healthcare expenditure due to increasing health consciousness and increasing prevalence of chronic diseases is driving the market. This is further supported by the increasing disposable incomes and the rising geriatric population. Additionally, the increasing investments in pharmaceutical and therapeutic industries in emerging economies to make medical facilities more accessible are anticipated to augment the market growth. Moreover, the growing demand for polymeric biomaterials in the treatment of cardiac post-infarction injuries is likely to provide impetus to the market in the forecast period.
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The report gives a detailed analysis of the following key players in the global polymeric biomaterials market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to grow at a CAGR of 15.70% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising healthcare expenditure, rising cases of chronic diseases, and the growing competition among pharmaceutical companies, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing research and development activities in the biopharmaceutical sector.
Neurology, cardiology, orthopaedics, and wound care, among others are the different applications.
The major players in the industry are Corbion NV, Bezwada Biomedicals, LLC, DSM Biomedical B.V., BASF SE, Covestro AG, Evonik Industries AG, and Starch Medical, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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