What is the global market size of Biomaterials Market?

The Global Biomaterials Market was valued at USD 135.1 Billion in 2021, and it is expected to reach a value of USD 372.7 Billion by 2028, at a CAGR of 15.60% over the forecast period (2022 - 2028). Read More

Who are the key vendors in the Global Biomaterials Market?

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.'BASF SE (Germany)','Covestro AG (Germany)','Celanese Corporation (Germany)','Carpenter Technology (US)','Olympus Terumo Biomaterials Corporation (Japan)','Evonik Industries AG (Germany)','Xylos Corporation (US)','Victrex Plc (UK)','Mitsubishi Chemical Holdings Corporation (Japan)','GELITA AG (Germany)','Corbion (Netherlands)','Solvay SA (US)','AB Specialty Silicones (US)','CoorsTek (US)','CeramTec GmbH (Germany)','Royal DSM NV (Netherlands)','The Lubrizol Corporation (US)','Berkeley Advanced Biomaterials (US)','Zeus Industrial Products, Inc. (US)','Noble Biomaterials, Inc. (US)','Dimension Inx (US)','Artoss, Inc. (US)','RDI Group (US)','Riton Biomaterial Co., Ltd. (China)','Cam Bioceramics (Netherlands)' Read More

What is the key driver of Global Biomaterials Market?

The key factor that drives the industry growth includes increased funds and grants by government bodies and universities for the development of novel biomaterials. Over the last few years, there has been a considerable increase in the demand for and use of biomaterials in numerous medical applications all over the world. Several government agencies and institutions have offered financial assistance in the form of investments, money, and grants to encourage research into the development of innovative biomaterials. For example, the National Science Foundation awarded Drexel University USD 200,000 in March 2018 for research into how biomaterial-mediated control of macrophage behavior affects biomaterial vascularization. Such research and funding initiatives are likely to spur the creation of novel biomaterials, providing a plethora of potential for the biomaterials market to expand. Read More

What is the key market trend for Global Biomaterials Market?

One of the key trends in the global biomaterials market is the increased demand for biomaterials in plastic surgery and wound healing applications. The biomedical cost of treating injured or diseased organs is rising along with the growing population. Implantable devices are selected due to their proven clinical efficacy, and they are being used as a scaffold for the restoration of soft and hard deformities. Furthermore, they have a number of advantages in wound healing applications. They stimulate tissue development, volume and shape preservation, and wound healing time reduction. Various major players are increasing their product portfolio for plastic surgery and wound healing applications through strategic cooperation and acquisitions. For example, in December 2019, Advanced Medical Solutions (AMS), a surgical and wound care firm, purchased Biomatlante, a surgical biomaterial technology company. Read More

Which region accounted for the largest share in Global Biomaterials Market?

The Global biomaterials market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2021, the North American region is projected to hold the most substantial share of the market. The regional market is likely to be driven by the high prevalence of cardiovascular diseases and orthopedic replacements, high government funding in research and development, a growing number of new product launches by key market players, and a well-established healthcare sector. According to the American Heart Society, in 2017, CVD was the major cause of around 800,000 mortalities in the US. Direct and indirect costs associated with CVDs are estimated to be around $316 billion. Around 2,200 Americans lost their lives due to CVDs each day. CVDs claim to take more lives each year than all forms of cancer and chronic lower respiratory diseases altogether. Read More

Biomaterials Companies

Biomaterials Market Competitive Landscape

Biomaterials Market Top Player's Company Profiles

BASF SE (Germany)
Covestro AG (Germany)
Celanese Corporation (US)
Carpenter Technology Corporation (US)
DSM (Netherlands)
Corbion NV (Netherlands)
Evonik Industries AG (Germany)
Victrex Plc (UK)
CeramTec GmbH (Germany)
Mitsubishi Chemical Group Corporation (Japan)
CoorsTek Inc. (US)
Berkeley Advanced Biomaterials (US)
CAM Bioceramics B.V. (Netherlands)
Zeus Company Inc. (US)
AMETEK Inc. (US)
GELITA AG (Germany)

Biomaterials Market

FAQs

Global Biomaterials Market size was valued at USD 135.4 Billion in 2022 poised to grow from USD 155.9 Billion in 2023 to USD 438.1 Billion by 2031, growing at a CAGR of 15.4% in the forecast period (2024-2031).

Leading businesses in the fiercely competitive global biomaterials market prioritise innovation, product development, and strategic alliances. Medtronic, Stryker Corporation, Johnson & Johnson, Zimmer Biomet alongside DSM Biomedical happen to be major players in this field. These companies have retained their top positions because of their diversified range of modern biomaterials, global distribution channels and aggressive research and development initiatives. An additional competition driver is from start-ups and entrants particularly in fast growing markets like Asia Pacific. 'BASF SE (Germany) ', 'Covestro AG (Germany) ', 'Celanese Corporation (US) ', 'Carpenter Technology Corporation (US) ', 'DSM (Netherlands) ', 'Corbion NV (Netherlands) ', 'Evonik Industries AG (Germany) ', 'Victrex Plc (UK) ', 'CeramTec GmbH (Germany) ', 'Mitsubishi Chemical Group Corporation (Japan) ', 'CoorsTek Inc. (US) ', 'Berkeley Advanced Biomaterials (US) ', 'CAM Bioceramics B.V. (Netherlands) ', 'Zeus Company Inc. (US) ', 'AMETEK Inc. (US) ', 'GELITA AG (Germany)'

Wound healing and plastic surgery are two common applications for biomaterial-based products. Biomaterials are frequently used in plastic surgery to implant, reconstruct, heal, and conceal burns, holes in the body, or soft tissue injuries in a natural and safe manner. One major factor driving the medical industry is the increase in demand for biomaterials in plastic surgery and wound healing.

Growing Requirement in Medical Applications for Biodegradable Biomaterials: Global biomaterials market is witnessing an increase in trend on the demand of biodegradable materials due to its use in tissue engineering, wound healing and drug delivery. Preference for these materials arises from their ability to break down within the body safely hence reducing follow-up procedures and improving the health of patients.

Due to its sophisticated healthcare system, significant R&D spending, and strong concentration of important industry participants, North America leads the global biomaterials market. Large government investment for medical research is beneficial to the region, especially for biomaterials used in orthopedic and cardiovascular applications. In addition, there is a growing need for novel biomaterial-based therapies due to the ageing population and the rise in chronic illness. This industry is being pushed forward through favorable regulatory environments and quick clearance procedures. The North American region's position as a global frontrunner in biomaterial market is also supported by the United States' lead in technological advancements, as well as the use of modern medical equipment.

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Biomaterials Market Size, Share, Growth Analysis, By Type(Metallic, Polymeric, Ceramic, and Natural), By Application(Cardiovascular, Dental, Orthopedic, Wound Healing), By Region - Industry Forecast 2024-2031

Biomaterials Market Competitive Landscape

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Biomaterials Market Size, Share, Growth Analysis, By Type(Metallic, Polymeric, Ceramic, and Natural), By Application(Cardiovascular, Dental, Orthopedic, Wound Healing), By Region - Industry Forecast 2024-2031

Biomaterials Market Competitive Landscape

Biomaterials Market Report Snapshots

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What is the global market size of Biomaterials Market?

Who are the key vendors in the Biomaterials Market?

What is the key driver of Biomaterials Market?

What is the key market trend for Biomaterials Market?

Which region accounted for the largest share in Biomaterials Market?

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