According to Emergen Research, the global biomaterials market size was USD 120.83 billion in 2020 and is expected to reach USD 337.48 billion in 2028 and register a revenue CAGR of 13.6% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Biomaterials Market, By Type (Ceramic, Metallic, Polymeric, Natural, Others), By Application (Cardiovascular, Ophthalmology, Orthopedic, Plastic Surgery, Neurology, Others), and By Region Forecast to 2028”
According to Emergen Research, the global biomaterials market size was USD 120.83 billion in 2020 and is expected to reach USD 337.48 billion in 2028 and register a revenue CAGR of 13.6% during the forecast period, 2021-2028.
Market Dynamics:
The global biomaterials market revenue growth is substantially driven by factors such as increasing use of biomaterials in cardiovascular, neurological, orthopedic, dental, and ophthalmologic surgeries to enhance or restore the functions of damaged tissue, organs, muscles, or bones. Rise in geriatric population across the globe, increasing prevalence of chronic and acute diseases, increasing volumes of surgical procedures in hospitals and ambulatory surgical centers, and continuous technological advancements in biomaterials are some of the other key factors expected to drive the global biomaterials market revenue growth over the forecast period.
Furthermore, some other major factors that will further boost the global market revenue growth are rise in research & development activities for technologically advanced biomaterials, growing use of biomaterials in drug delivery devices, medical implants, and cosmetic or plastic surgeries, increasing government and private investments in the life sciences industry, and growing need for smart biomaterials that produce bioelectric signals and thus enhance physiological functions.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Polymeric Segment Accounted for Largest Revenue Share in 2020:
Based on type, the global biomaterials market is primarily segmented into ceramic, metallic, polymeric, natural, and others. The polymeric segment accounted for the largest revenue share in the global market in 2020, owing to factors such as growing use of polymeric biomaterials in orthopedic procedures, increasing availability of advanced biopolymers and bio-resorbable materials, and technological advances in polymeric biomaterials in terms of nanotechnology, micromanufacturing, drug delivery, surface modification, and high-throughput screening.
Orthopedic Segment to Account for Fastest Revenue Growth Rate:
Based on application, the global biomaterials market is primarily segmented into cardiovascular, ophthalmology, orthopedic, plastic surgery, neurology, and others. The orthopedic segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Growing geriatric population, increasing prevalence of chronic orthopedic disorders such as arthritis and osteoporosis, rising volumes of orthopedic surgical procedures, and growing use of advanced orthopedic implants are key factors expected to drive this segment’s revenue growth.
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North America Accounted for Largest Revenue Share in 2020:
Among the regional markets, the North America biomaterials market led in terms of largest revenue share in the global market in 2020. Key factors supporting the North America market revenue growth are rising geriatric population, increasing prevalence of cardiovascular, orthopedic, and neurological diseases, growing demand for technologically advanced medical implants, and presence of leading market players in the region, including Xylos Corporation, Carpenter Technology, AB Specialty Silicones, and Berkeley Advanced Biomaterials.
Major Companies in the Global Biomaterials Market Include:
- BASF
- Covestro AG
- Celanese Corporation
- Carpenter Technology
- Olympus Terumo Biomaterials Corporation
- Evonik Industries
- Xylos Corporation
- Victrex Plc
- Mitsubishi Chemical Holdings Corporation
- GELITA AG
- Corbion
- Solvay
- AB Specialty Silicones
- CeramTec GmbH
- Royal DSM
- The Lubrizol Corporation
- Berkeley Advanced Biomaterials
- Zeus Industrial Products, Inc.
- Noble Biomaterials, Inc.
- Dimension Inx
- Artoss, Inc.
- RDI Group
- Riton Biomaterial Co., Ltd.
- Cam Bioceramics
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For the purpose of this report, Emergen Research has segmented the global biomaterials market based on type, application, and region:
Type Outlook (Revenue, USD Billion; Volume: Kilo Tons; 2018-2028)
- Ceramic
- Calcium Phosphate
- Aluminium Oxide
- Calcium Sulfate
- Carbon
- Zirconia
- Glass
- Metallic
- Gold and silver alloys
- Cobalt-Chrome Alloy
- Titanium and its alloys
- Stainless Steel
- Polymeric
- Nylon
- Silicon Rubber
- Polyetheretherketone
- Polyester
- Acrylic Glass
- Polyethylene
- Polyvinyl Chloride
- Natural
- Alginates
- Chitin
- Cellulose
- Collagen and Gelatin
- Fibrin
- Hyaluronic Acid
- Silk
- Others
Application Outlook (Revenue, USD Billion; Volume: Kilo Tons; 2018-2028)
- Cardiovascular
- Sensors
- Stents
- Pacemakers
- Implantable Cardiac Defibrillators
- Vascular Grafts
- Guidewires
- Others
- Ophthalmology
- Lens
- Intraoccular
- Contact
- Synthetic Corneas
- Occular Tissue Replacement
- Others
- Orthopedic
- Viscosupplementation
- Orthobiologics
- Joint Replacement Biomaterials
- Spine Biomaterials
- Others
- Plastic Surgery
- Soft Tissue Fillers
- Bioengineered Skins
- Facial Wrinkle Treatment
- Craniomaxillofacial Surgeries
- Peripheral Nerve Repair
- Acellular Dermal Matrices
- Others
- Neurology
- Shunting Systems
- Cortical Neural Prosthetics
- Hydrogel Scaffold for CNS repair
- Neural Stem Cell Encapsulation
- Others
- Tissue Engineering
- Others
Regional Outlook (Revenue, USD Billion; Volume: Kilo Tons; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Reasons to buy the report:
- This study segments the Biomaterials market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Biomaterials sectors.
- This Biomaterials report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Biomaterials market.
Key features of the report:
- To study the key aspects impacting the Biomaterials market size.
- To identify growth prospects in the Biomaterials market.
- To analyze the Biomaterials market segments and deduce the dominant trends observed in the industry.
- To examine the Biomaterials market by investigating the available products, market share, and value proposition of the products.
- To analyze the industry by assessing the scope and application of the Biomaterials market and highlight the growth of each application.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Biomaterials Market Segmentation & Impact Analysis
4.1. Biomaterials Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
Explore Complete Table of Content@ https://www.emergenresearch.com/industry-report/biomaterials-market/toc
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