Biomaterials Market, By Material Type (Metallic Biomaterials, Polymeric Biomaterials, Ceramics, Natural Biomaterials), By Application (Cardiovascular, Orthopedic, Ophthalmology, Dental, Others), By Region, Forecast & Opportunities, 2027

Global biomaterials market is expected to register substantial rate of growth during the forecast period owing to factors like increasing geriatric population, rapidly growing healthcare sector and its wider use in various products and applications, such as contact lenses, skin repair, blood vessel prosthesis, gene transfer, drug delivery, and dental.

Biomaterials are artificially derived synthetic or natural materials which are used to interact with biological systems for medical purposes and treatments. They are often used in medical applications to augment or replace a natural function. The biomaterial market is anticipated to grow significantly during the next five years due to discoveries in tissue engineering, regenerative medicine, and more. They often are biodegradable, and some are bio-absorbable, meaning they are eliminated gradually from the body after fulfilling a function. Additionally, metals, ceramics, plastic, glass, and even living cells and tissue all can be used in creating a biomaterial. Moreover, heavy funding by government organizations for innovation of new products is creating new scope for the growth in biomaterials market. Rising prevalence of cardiovascular, neurological, & orthopedic disorders, coupled with increasing awareness regarding the advantages of biomaterials products is further driving the market. Furthermore, rising prevalence of cardiovascular, neurological, & orthopedic disorders around the world is anticipated to create major demand for biomaterials through 2026.

The global biomaterials market is segmented based on product, material type, type, application, end user, and region. Based on material type, the market is segmented into metallic, natural, ceramics, polymeric, living cell and tissue. The metallic biomaterials segment held lion’s share in 2020 due to wide use of metals in the manufacturing of medical devices and their use in orthopedic procedures for bone support and replacement, as they are strong and resistant to fatigue degradation.

By region, North America dominates the biomaterials market owing to the initiatives undertaken by several public and private organizations in the region. Also, factors such as favorable government policies and presence of major market players made the region dominant in terms of revenue share in 2020. However, Asia-Pacific region is expected to register highest CAGR in the coming years due to a large population base in countries like India and China coupled with growing incidences of chronic diseases and rising awareness about biomaterials in the region.

Major players operating in the global biomaterials market include Celanese Corporation, Covestro AG, BASF SE, Medtronic Plc., Zimmer Biomet Holdings, Inc., Covalon Technologies Ltd., Berkeley Advanced Biomaterials, Inc., Koninklijke DSM N.V., Evonik Industries AG, Xylos Corporation and others. The market players are focusing on new researches as well as mergers and acquisitions to make a strong foothold in the global biomaterials market.

Years considered for this report:

• Historical Years: 2016-2019
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2022-2026

Objective of the Study:

• To analyze and forecast the market size of global biomaterials market.
• To classify and forecast global biomaterials market based on material type, application, company, and regional distribution.
• To identify drivers and challenges for global biomaterials market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global biomaterials market.
• To identify and analyze the profile of leading players operating in global biomaterials market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of companies across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the companies which could not be identified due to the limitations of secondary research. The publisher analyzed the companies, distribution channels and presence of all major players across the globe.

The publisher calculated the market size of global biomaterials market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Biomaterial companies, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to biomaterials
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as companies, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global biomaterials market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Biomaterials Market, By Material Type:

• Metallic Biomaterials
• Polymeric Biomaterials
• Ceramics
• Natural Biomaterials

Global Biomaterials Market, By Application:

• Cardiovascular
• Orthopedic
• Ophthalmology
• Dental
• Others

Global Biomaterials Market, By Region

• Asia-Pacific
• Europe
• North America
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global biomaterials market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.