Rising funds and grants by government and healthcare organizations in various countries across the globe for development of novel biomaterials is a major factor driving market revenue growth
Rising funds and grants by government and healthcare organizations in various countries across the globe for development of novel biomaterials is a major factor driving market revenue growth
The global biomaterials market size was USD 145.1 Billion in 2021 and is expected to register a robust CAGR of 14.8% during the forecast period. Key factors driving market revenue growth are rising demand as a consequence of accidental injuries, increasing prevalence of chronic diseases and advances in biomaterials technologies.
Biomaterials are artificially derived synthetic or natural materials utilized to enhance the functions of damaged tissues, muscles, bones, and organs. These biomaterials are used to interact with biological systems designed for medical treatments for correcting cardiovascular, orthopedic, neurological disorders, and dental damage. Rapid technological advancements in biomaterials, increasing adoption of implantable devices and increasing number of individuals seeking to enhance aesthetics and personal appearance are boosting need for plastic and cosmetic surgeries using biomaterials and is expected to continue to drive revenue growth of the market over the forecast period.
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Some Key Highlights from the Report:
- Based on application (material type), the cardiovascular segment accounted for largest revenue share in 2021 and is expected to continue to contribute major revenue share over the forecast period. Natural biomaterials in cardiovascular biomaterials are expected to gain substantially high demand in the years to come, owing to various benefits offered by the product as compared to synthetic biomaterials in biocompatibility, biodegradability, and remodeling.
- Based on application, tissue engineering segment is expected to register robust revenue CAGR. Revenue growth of this segment can be attributed to rising prevalence of diabetes and obesity as a result of lifestyle changes across the globe.
- Based on end user, the hospitals & clinics segment is expected to account for major revenue share over the forecast period, as a consequence of increased hospital admissions due to rising incidence of various chronic diseases and availability of competent personnel in hospitals and clinics.
- North America market accounted for largest revenue share in 2021, due to increasing initiatives by government and private organizations, high investments by major players in research & developments and manufacturing of various products that require biomaterials are some of the key factors driving revenue growth of the market in this region.
- Asia Pacific is expected to register fastest revenue growth rate owing to increasing geriatric population along with rising patient pool in healthcare facilities due to increasing prevalence of various chronic diseases such as cardiovascular diseases and orthopedic replacement. For instance, cardiovascular diseases are one of the leading causes of mortality in countries in the region. In addition, strong presence of major players and strategic initiatives by government of countries in the region are factors supporting revenue growth of the Asia Pacific market.
- Major companies profiled in the global market report are Berkeley Advanced Biomaterials, Royal DSM, Carpenter Technology Corporation, BASF SE, Corbion, Cam Bioceramics B.V., Celanese Corporation, CoorsTek Inc., CeramTec, Evonik Industries, and GELITA AG.
- In November 2020, clean manufacturing leader Genomatica signed a first-of-its-kind deal with Aquafil to build a demonstration scale facility to produce the largest quantity of 100% renewable nylon-6 ever available. The deal has major impact on the sustainability of consumer products and biomaterials manufacturing technology to create a new demonstration facility.
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For this study, Reports and Data has segmented the global biomaterials market based on application (material type), application, end-use, and region:
Application (Material Type) Outlook (Revenue, USD Billion, 2019 - 2030)
- Cardiovascular
- Natural Biomaterials
- Small intestine submucosa
- Pericardium
- Engineered tissues
- Other
- Synthetic biomaterials
- Polymers
- Polyurethane
- Other
- Metals
- Titanium
- Stainless steel
- Alloy
- Composite biomaterials
- Polymers
- Orthopedic
- Metals
- Stainless steel
- Alloy
- Titanium
- Polymers
- Polymethacrylate
- Polyethylene
- Polypropylene (PP)
- Other
- Ceramic
- Calcium phosphate
- Glass
- Aluminum Oxide
- Other
- Ophthalmology
- Silicone
- Polymethacrylate
- Cellulose acetate butyrate
- Other
- Dental
- Metals
- Stainless steel
- Alloy
- Titanium
- Polymers
- Polyurethane
- Polyamide
- Polyurethane
- Zirconia
- Other
- Ceramic
- Carbon
- Glass
- Aluminum Oxide
- Other
- Plastic Surgery
- Natural Biomaterials
- Collagen
- Hyaluronic acid
- Other
- Synthetic Biomaterials
- Polymers
- Polymethyl methacrylate (PMMA)
- Silicone
- Other
- Ceramic Materials
- Hydroxyapatite
- Glass
- Other
- Polymers
- Wound Healing
- Natural Biomaterials
- Chitosan
- Cellulose
- Other
- Synthetic Biomaterials
- Polyethylene
- Polyurethane
- Polycaprolactone
- Other
- Tissue Engineering
- Ceramics
- Glass
- Hydroxyapatite
- Other
- Metals
- Alloy
- Titanium
- Other
- Polymers
- Polymethyl methacrylate (PMMA)
- Poly(lactide-co-glycolide)
- Other
- Other
- Ceramics
- Neurological/Central Nervous System Applications
- Synthetic Biomaterials
- Silicone
- Polyglycolic acid (PGA)
- Other
- Natural Biomaterials
- Collagen
- Chitosan
- Hyaluronic acid
- Other
- Other Applications
- Natural Biomaterials
- Synthetic biomaterials
- Other biomaterials
- Synthetic Biomaterials
- Natural Biomaterials
- Natural Biomaterials
- Metals
- Metals
- Natural Biomaterials
Application Outlook (Revenue, USD Billion, 2019 - 2030)
- Cardiovascular
- Catheters
- Stents
- Implantable Cardiac Defibrillators
- Pacemakers
- Sensors
- Heart Valves
- Vascular Grafts
- Guidewires
- Others
- Orthopedic
- Joint Replacement
- Knee Replacement
- Hip Replacement
- Shoulder Replacement
- Others
- Viscosupplementation
- Bioresorbable Tissue Fixation
- Suture Anchors
- Interference Screws
- Meniscal Repair Tacks
- Meshes
- Spine
- Spinal Fusion Surgeries
- Minimally Invasive Fusion Surgeries
- Motion Preservation & Dynamic Stabilization Surgeries
- Pedicle-Based Rod Systems
- Interspinous Spacers
- Artificial Discs
- Fracture Fixation Devices
- Bone Plates
- Screws
- Pins
- Rods
- Wires
- Synthetics Bone Grafts
- Joint Replacement
- Ophthalmology
- Intraocular Lenses
- Functional Replacement of Ocular Tissues
- Synthetic Corneas
- Others
- Dental
- Dental Implants
- Dental Bone Grafts & Substitutes
- Dental Membranes
- Tissue Regeneration
- Plastic Surgery
- Soft-Tissue Fillers
- Craniofacial Surgery
- Wound Healing
- Wound Closure Devices
- Sutures
- Staples
- Surgical Hemostats
- Internal Tissue Sealants
- Adhesion Barriers
- Hernia Meshes
- Wound Closure Devices
- Tissue Engineering
- Scaffolds for Regenerative Medicine
- Nanomaterials for Biosensing
- Tailoring of Inorganic Nanoparticles
- Neurological/Central Nervous System Applications
- Shunting Systems
- Cortical Neural Prosthetics
- Hydrogel Scaffolds for CNS Repair
- Neural Stem Cell Encapsulation
- Other Applications
- Drug Delivery Systems
- Gastrointestinal Applications
- Bariatric Surgery
- Urinary Applications
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End Use Outlook (Revenue, USD Billion, 2019 - 2030)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Other End Users
Regional Outlook (Revenue, USD Billion, 2019 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Africa
- Rest of Middle East & Africa
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Some points on how the report benefits stakeholders:
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- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
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