London, United Kingdom, April 25, 2016 --(PR.com
)-- TD The Market Publishers, Ltd. is happy to inform that a new report examining the global biomaterials marketplace is now can be found at MarketPublishers.com.
The global biomaterials market is worth more than USD 50 billion and it is expected to grow at a double digit rate in the upcoming years.
According to this report, this market is expected to be worth USD 115 billion in late 2020.
Increasing usage of polymer in biomaterials, growing government support and investment and funding are some of major drivers of this market.
There are also some restraints, such as tough regulatory requirements and adverse reaction to biomaterials.
North America is the largest player. The study attributes this to increasing prevalence of ageing population in this region. Besides, North America can boast a high adoption rate of medical implants in this region.
However, APAC is expected to see the swiftest market growth in the upcoming years due to rising healthcare expenditure as well as growing patient awareness.
Find more details on the biomaterials marketplace at https://marketpublishers.com/report/biotechnology/biomaterials/global-biomaterials-market-by-type-application-regions.html