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.
Biomaterials market value in Latin America from 2020 to 2025
(in billion U.S. dollars)
Figures have been rounded.
An exponential development of the values was assumed to estimate the annual values between 2020 and 2025, which were provided by the source.
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Statista. (February 15, 2020). Biomaterials market value in Latin America from 2020 to 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1176250/biomaterials-market-value-latin-america/
Statista. "Biomaterials market value in Latin America from 2020 to 2025 (in billion U.S. dollars)." Chart. February 15, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1176250/biomaterials-market-value-latin-america/
Statista. (2020). Biomaterials market value in Latin America from 2020 to 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1176250/biomaterials-market-value-latin-america/
Statista. "Biomaterials Market Value in Latin America from 2020 to 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Feb 2020, https://www.statista.com/statistics/1176250/biomaterials-market-value-latin-america/
Statista, Biomaterials market value in Latin America from 2020 to 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1176250/biomaterials-market-value-latin-america/ (last visited November 21, 2024)
Biomaterials market value in Latin America from 2020 to 2025 (in billion U.S. dollars) [Graph], Statista, February 15, 2020. [Online]. Available: https://www.statista.com/statistics/1176250/biomaterials-market-value-latin-america/
