Biomaterials Market by Type (Metallic, Polymeric, Ceramic, and Natural) and Application, (Cardiovascular, Dental, Orthopedic, Wound Healing, Plastic Surgery, Ophthalmology, Tissue Engineering, Neurological Disorders, and Drug Delivery Systems): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global biomaterials market was valued at $64,874 million in 2020 and is projected to reach $2,12,405.2 million by 2030, registering a CAGR of 12.7% from 2021 to 2030.
Biomaterial is a groundbreaking technological innovation of medical technology that can enhance the functionalities of damaged tissues or organs. Biomaterials are materials of either synthetic or natural origin that are used for interaction with biological systems for medical purposes such as treating or repairing damage tissues. They are used in joint replacements, plastic surgeries, drug delivery devices, skin repair, heart valves, and other medical implants. The recent success in the usage of biomaterials witnessed in the fields of cardiovascular medicine, immunology, orthopedics, dental medicine, infection, and ophthalmology opens new avenues for biomaterials technology.
The main factors that drive the growth of the biomaterials market include, increase in geriatric population, rise in prevalence rates of cardiovascular & orthopedic disorders, advancement in medical technology, and increase in awareness regarding implantable devices. In addition, increase in funding by government to increase R&D activities in the field of biomaterials and increase in awareness about the advantages of biomaterials products further drive the growth of the market. However, high cost of biomaterial implants and compatibility issues are expected to hamper the market growth. On the other hand, introduction of new technologies, namely, decellularized dermal matrixes for grafting and hydrogen scaffolding, and launch of new products in field of plastic surgery, wound healing, and neurology profitable opportunities for the growth of the market during the forecast period.
The biomaterial market is segmented on the basis of type, application, and region to provide a detailed assessment of the market. By type, the market is segmented into metallic, polymeric, ceramic, and natural. Metallic biomaterials are again segmented into stainless steel, titanium & titanium alloys, cobalt-chrome alloys, gold, and silver. In addition, polymeric biomaterials are again divided into polymethyl methacrylate (PMMA), polyethylene, polyester, polyvinylchloride, silicone rubber, nylon, and polyetheretherketone. Furthermore, ceramic biomaterials are again bifurcated into calcium phosphate, zirconia, aluminum oxide, calcium sulfate, carbon, and glass. Moreover, natural biomaterials sub segmented into hyaluronic acid, collagen & gelatin, fibrin, cellulose, chitin, alginates, and silk.
On the basis of application, the market is classified into cardiovascular, dental, orthopedic, wound healing, plastic surgery, ophthalmology, tissue engineering, neurological disorders, and drug delivery systems. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players profiled in the report include Carpenter Technology Corporation, Corbion N.V, Covalon Technologies Ltd., Evonik Industries, Linden Capital Partners (Collagen Matrix, Inc.), Noble Biomaterials Inc., Royal DSM, Victrex plc., Stryker Corporation (Wright Medical Group N.V), and Zimmer Biomet Holdings, Inc.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global biomaterials market along with the current trends and future estimations to elucidate the imminent investment pockets.
A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the key segments of the industry helps to understand the application and products of biomaterials used across the globe.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Type
Metallic
Stainless Steel
Titanium & Titanium Alloys
Cobalt-Chrome Alloys
Gold
Silver
Polymeric
Polymethylmethacrylate (PMMA)
Polyethylene
Polyester
Polyvinylchloride
Silicone Rubber
Nylon
Polyetheretherketone
Ceramic
Calcium Phosphate
Zirconia
Aluminum Oxide
Calcium Sulfate
carbon
Glass
Natural
Hyaluronic Acid
Collagen & Gelatin
Fibrin
Cellulose
Chitin
Alginates
Silk
By Application
Cardiovascular
Dental
Orthopedic
Wound Healing
Plastic Surgery
Ophthalmology
Neurological Disorder
Drug Delivery System
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Carpenter Technology Corporation
Corbion N.V
Covalon Technologies Ltd.
Evonik Industries
Linden Capital Partners (Collagen Matrix, Inc.)
Noble Biomaterials Inc.
Royal DSM
Victrex plc
Stryker Corporation (Wright Medical Group N.V)
Zimmer Biomet Holdings,
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