The global biomaterials market is being driven by the rising funds and grants for the advancement of the novel biomaterials. North America registered the largest market share in the global biomaterials market in recent years. The Asia Pacific region is expected to witness the fastest growth in the forecast period due to the boost in Japan’s healthcare industry, increasing geriatric population in India and China, and the growing incidences of cardiovascular diseases in India.
Medtronic plc (NYSE: MDT) and Zimmer Biomet Holdings, Inc. (NYSE: ZBH) are some of the key players in the global biomaterials market. In September 2019, Zimmer Biomet Holdings, Inc., a leading player in the musculoskeletal healthcare industry, announced the clearance for the Persona Revision Knee System for revision knee replacement procedures. The revision system provides anatomic components to mimic a patient’s anatomy for a personalised experience. The Persona Revision Knee System, which comes with a modern, intuitive instrumentation platform, aids surgeons take a personalised approach to address revision procedures, ranging from simple to complex by offering a flexible and preferable surgical approach.
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Medtronic plc, Evonik Industries AG, Berkeley Advanced Biomaterials, Inc., CAM Bioceramics BV., Carpenter Technology Corporation, Invibio Ltd., and Zimmer Biomet Holdings, Inc., among others, are the key players in the global biomaterials market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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