Biomaterials, Biomedical Applications & Nanomedicine

The global biomaterials market, in terms of revenue, was estimated to be worth $35.5 billion in 2020 and is poised to reach $47.5 billion by 2025, growing at a CAGR of 6.0% from 2020 to 2025. The research study consists of an industry trend analysis of the market. The nanomaterials market was valued at $16.3 billion in 2021 and is projected to reach $62.8 billion by 2031, growing at a CAGR of 14.6% from 2022 to 2031. The new research study consists of an industry trend, pricing analysis, patent analysis, conference and webinar materials, and buying behaviour in the market. Market growth is driven mainly by factors such as increased funds and grants from government bodies worldwide for the development of novel biomaterials, rising demand for medical implants, the rising incidence of cardiovascular diseases, and increasing research on regenerative medicine.