MEDICAL ENGINEERED MATERIALS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)
Medical Engineered Materials Market, By Product Type (Metallic Biomaterials, Ceramics Biomaterials, Polymeric Biomaterials, Natural Biomaterials, Composites Biomaterials, and Others), By Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Neuro-logical, and Others), By End User (Hospitals, Clinics, Research Institutions, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Global Medical Engineered Materials Market- Regional Insights
North America is expected to be the largest market for medical engineered materials during the forecast period, accounting for over 35.2% of the market share in 2023. The growth of the market in North America is attributed to rising prevalence of chronic diseases, growing geriatric population, and increasing adoption of advanced biomaterials.
Asia Pacific is expected to be the second-largest market for medical engineered materials t, accounting for over 25.5% of the market share in 2023. The growth of the market in is attributed to the expanding healthcare sector, large patient pool, and increasing healthcare expenditure in the region.
Europe is expected to be the fastest-growing market for medical engineered materials, with a CAGR of over 27.1% during the forecast period. The growth of the market in Europe is attributed to the presence of leading medical device manufacturers, favorable government policies, and growing R&D activities related to engineered biomaterials in the region.
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East
Medical Engineered Materials Market Report Snapshots