Biomaterials Market Size, Share & Analysis, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Biomaterials Market


The global Biomaterials market size is projected to reach US$ 288.29 billion by 2026, from US$ 126.61 billion in 2020, at a CAGR of 14.7% during 2021-2026. Rising occurrence of cardiovascular diseases and orthopedic disorders worldwide, development of implantable instruments and materials, growing number of hip and knee replacement surgeries, advancements in tissue designing, and expanding geriatric population are factors likely to drive the market over the forecast period.

Growing number of clinical diagnostic research studies, increasing R&D investments in molecular biology and precision medicine, and rising private and public partnerships in life science and biotechnology are some of the factors indirectly driving the market.

New entrants in the market are expected to offer stiff competition to established players owing to constant innovation taking place in this field. Nevertheless, leading players will continue to contribute significantly to market growth by focusing on development of new technologies and biomaterial products.

Factors such as stringent regulatory approvals related to commercialization of these materials, inadequate supply of natural tissues, lack of reimbursement policies, and problems pertaining to biocompatibility of biomaterials with living tissues are restraining the market.

Market Segmentation, Outlook & Viewpoint: Global Biomaterials Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Metallic
  
Natural
  
Ceramics
  
Polymers

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Cardiovascular

  
Sensors
  
Stents
  
Guidewires
  
Implantable Cardiac Defibrillators
  
Pacemakers
  
Vascular Grafts
  
Others

Ophthalmology

  
Synthetic Corneas
  
Intraocular Lens
  
Contact Lens
  
Ocular Tissue Replacement
  
Others

Dental

  
Tissue Regeneration Materials
  
Dental Implants
  
Bone Grafts & Substitutes
  
Dental Membranes
  
Others

Orthopedic

  
Joint Replacement biomaterials
  
Orthobiologics
  
Bioresorbable Tissue Fixation Products
  
Viscosupplementation
  
Spine Biomaterial
  
Others

Wound Healing

  
Fracture Healing Device
  
Adhesion Barrier
  
Skin Substitutes
  
Internal Tissue Sealant
  
Surgical Hemostats
  
Others

Tissue Engineering

Plastic Surgery

  
Facial Wrinkle Treatment
  
Soft Tissue Fillers
  
Craniofacial Surgery
  
Bioengineered Skins
  
Peripheral Nerve Repair
  
Acellular Dermal Matrices
  
Others

Neurology

  
Neural Stem Cell Encapsulation
  
Shunting Systems
  
Hydrogel Scaffold For CNS Repair
  
Cortical Neural Prosthetics
  
Others

Others

Key Players, Recent Developments & Regional Insights: Global Biomaterials Market

Based on the application of biomaterials in a number of healthcare domains, the market can be segmented into cardiovascular, ophthalmology, dental, orthopedic, wound healing, tissue engineering, and plastic surgery. The cardiovascular segment includes materials such as sensors, stents, guidewires, implantable cardiac defibrillators, pacemakers, and vascular grafts.

The cardiovascular segment is highly lucrative and is estimated to register a CAGR of 15.4% during the forecast period. Segment growth can be attributed to due to increasing cases of heart ailments and complications. The plastic surgery segment is likely to expand at the fastest CAGR of 16.2% during the forecast period, followed by ophthalmology.

Within plastic surgery, biomaterials are used in facial wrinkle treatment, soft tissue fillers, craniofacial surgery, bioengineered skins, peripheral nerve repair, and acellular dermal matrices. This segment is driven by growing trend of cosmetic procedures, increased demand for fat transfer and fat freezing, and increase in demand from the male consumer segment. Obtrusive corrective medical procedures and positive recognition for the same is also driving this segment.

Regional Insights

Currently, North America holds the largest revenue share in the market and Asia Pacific is poised to emerge as the fastest growing region by 2025. Factors such as growing industrialization in both developed and developing nations, strong government support, suitable strategic framework, and continuous R&D are expected to drive the market in future.

Asia Pacific, especially economies such as China, India, Japan, and Korea, is a highly lucrative market driven by changing trends. The market is slated to register a CAGR of 15.6% during the forecast period and emerge as an income stash for organizations offering biomaterials.

Biomaterials Market Share Insights

These materials can be used in place of living tissues wherever compatible and find wide application scope in surgeries, cartilage regeneration, and as a substitute for bones. Thus, leaders in this market are now inclined toward development of more innovative products. In addition, local companies and new entrants are significantly investing in strategic agreements with global firms for business expansions related to research and development in the field.
Some of the major companies operating in this market are DSM; BASF SE; Evonik Industries AG; Berkeley Advanced Biomaterials, Inc.; CAM Bioceramics BV; Carpenter Technology Corporation; Invibio Ltd.; Zimmer Biomet Holdings, Inc.; Covalon Technologies Ltd.; Collagen Matrix, Inc.; Medtronic, Inc.; Purac Biomaterials; Ticona GmbH; Osteotech, Inc.; and Bayer AG.

Key Insights Covered: Global Biomaterials Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Biomaterials industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Biomaterials industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Biomaterials industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Biomaterials industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Biomaterials industry.

Research Methodology: Global Biomaterials Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other