The global biomaterials market for implantable devices was estimated to be worth US$25,277.8 million as of 2012. Come 2019 and this market would have soared to nearly US$33,600 million, registering a compounded annual growth rate (CAGR) of 4.1% from 2013 through 2019. This means that this market is poised to experience moderate, but positive growth.
While in recent years, metal-based biomaterials have topped the market, the future clearly belongs to polymers as biomaterials. Polymers are not only highly biocompatible, but they are also very flexible and durable. Until 2019, market experts predict that polymer biomaterials will be in great demand for implants heart valves, PTCA, contact lenses, catheters, and more.
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