Asia-pacific Biomaterials Market Forecast 2022-2030

Asia-pacific Biomaterials Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific biomaterials market is expected to rise with a CAGR of 14.01% during the forecast period, 2022-2030. The rising urbanization, steady population growth, and the presence of multiple small and medium businesses (SMBs) are driving the market growth in the region.

MARKET INSIGHTS

The Asia-Pacific biomaterials market growth assessment includes the analysis of Vietnam, India, South Korea, Thailand, China, Japan, Indonesia, Australia & New Zealand, and Rest of Asia-Pacific. There is a large prevalence of orthopedic disorders, cardiovascular diseases, and road accidents in India due to the large population base. As a result, there is a high demand for surgical procedures involving bone graft substitutes and bone transplants. The prevalence of cardiac disorders and the increasing number of pacemaker procedures in India are expected to drive the biomaterials demand during the forecast period.

Moreover, the South Korean Ministry of Energy launched a coexistent development committee in 2019 that would be responsible for the growing activities of the Biomaterials industry of South Korea. This committee consists of 20 individuals from various industries, research firms, and academic backgrounds. The country is also focusing on improving the R&D of Biomaterials producing technologies artificial intelligence, thereby leveraging the growth opportunities of the biomaterials market.

Further, the Indonesian government has set policies and clear roadmaps to ensure medical devices’ availability and distribution. These initiatives have also increased the demand for biomaterials in Indonesia, contributing to the Indonesia biomaterial market growth.

COMPETITIVE INSIGHTS

Some of the eminent market players in the region include Collagen Solutions PLC, Mitsubishi Chemical Holdings Corporation, Covestro AG, Evonik Industries, Dentsply Sirona, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments