Global Polymeric Biomaterials Market will grow at highest pace owing to Increasing Healthcare Expenditure
Global Polymeric Biomaterials Market The global polymeric biomaterials market comprises materials that possess biocompatibility and are used in medical devices or as implants. Polymeric biomaterials such as silicone, polyethylene, polyurethane, polyvinyl chloride, polylactic acid, etc. are used extensively in various medical applications. Biomedical devices fabricated from polymers have advantages such as flexibility, durability, resistance to corrosion and lightweight. Additionally, polymeric biomaterials are cost effective compared to other materials. The global polymeric biomaterials market finds applications in cardiovascular devices, ophthalmology devices, orthopedic devices, dental materials, plastic surgery, wound care and tissue engineering among others. The global polymeric biomaterials market is estimated to be valued at US$ 121.52 billion in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031. Key Takeaways Key players operating in...