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Global Biomaterial Market: To Grow at a 15% CAGR Says New Research Report at ReportsnReports.com
Date:3/31/2013

Dallas, Texas (PRWEB) March 31, 2013

A biomaterial is a natural or synthetic material suited to replace or treat natural body tissues and organs on interaction with biological systems. It traces its history to more than 2000 years ago, when Romans, Chinese, and Aztecs used gold for dental applications. Biomaterials, which are also biocompatible, have since been adapted, improvised, and technically enabled to improve body functions and replace damaged tissues. They have evolved to include biodegradable materials that are easily dissolved in the body. Advances in technology and the emergence of innovative biomaterial products have enhanced their performance and applications.

The global biomaterial market is estimated to reach $88.4 billion by 2017 from $44.0 billion in 2012, growing at a CAGR of 15%. Increased investments, funding and grants by government bodies worldwide, incessant rise in the number of collaborations, conferences and research-related activities, technological advancements, increasing applications of biomaterials, and growing number of elderly people are the major factors propelling the growth of the biomaterial market globally (http://www.reportsnreports.com/reports/231675-biomaterials-market-by-products-polymers-metals-ceramics-natural-biomaterials-applications-cardiovascular-orthopedic-dental-plastic-surgery-wound-healing-tissue-engineering-ophthalmology-neurology-disorders-global-forecasts-to-2017.html) . Immunological and inflammatory reactions, stringent regulatory systems, issue of fracture fatigue and wear and reimbursement concerns are the major deterrents curbing the biomate
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