Latin America: biomaterials market value 2020-2025
The market value of biomaterials in Latin America was forecast to reach approximately 13 billion U.S. dollars by 2025, up from an estimated 7.3 billion U.S. dollars in 2020. A compound annual growth rate (CAGR) of 12.30 percent is expected for the period. Biomaterials are a medical technology development that offer an organic alternative to disposable plastic materials which are used in most medical equipment.