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Biomaterials Market (Type - Metallic, Polymeric, Ceramic, and Natural; Application - Cardiovascular, Dental, Orthopedic, Wound, Healing, Plastic Surgery, Ophthalmology, and Tissue Engineering): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : HC08778

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the global biomaterials market provides an in-depth analysis of segments and sub-segments in the global as well as regional global biomaterials market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional global biomaterials market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global biomaterials market. According to the report, the global biomaterials market is projected to grow at a CAGR of about 15% over the forecast period of 2021-2027.

 

Market Insight

The global Biomaterials Market was valued at USD 155 Billion in 2021 and is expected to reach USD 353 Billion in 2027, with a CAGR of about 15% during the forecast period. A biomaterial is any substance that has been engineered to interact with biological systems for a medical purpose either a therapeutic (treat, augment, repair, or replace a tissue function of the body) or a diagnostic one. These materials are used to interrelate with biological systems for medical purposes and treatments of dental, neurological disorders, cardiovascular and cardiovascular. The study of biomaterials is known as biomaterials science and this can be applied in various advanced medical technologies such as plastic surgery, tissue engineering, drug delivery devices, and others. Uses of biomaterial are finding importance in the research on biomineralization, biomolecules, and Biomed engineering.


Biomaterials Market (Type - Metallic, Polymeric, Ceramic, and Natural; Application - Cardiovascular, Dental, Orthopedic, Wound, Healing, Plastic Surgery, Ophthalmology, and Tissue Engineering): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

 

Major factors driving the growth of the biomaterials market are the rising number of hip and knee replacement procedures among old age people, growing orthopedic and neurology disorders, technological advancements growing demand for biomaterials in plastic surgery and wound healing applications worldwide. Additionally, funds & allowances by government bodies to launch new products globally, impulsive growth anticipated for wound healing applications and plastic surgery, growing increased consciousness about the advantages of biomaterials products, and developments in medical technology are also boosting the growth of this market. On the other hand, factors such as the incidence of inflammatory responses due to compatibility issues, the high cost of biomaterial production, and difficulties connected with the use of these products are hampering the growth of the biomaterials market. Increasing investments in material research are anticipated to create better opportunities for the biomaterials market.

 

Based on the region, North America holds the largest market share in the global biomaterials market followed by Europe and the Asia-Pacific. The growth in the North American region is owing to increasing biomaterial-based research; growing investments by the government in the biomaterials market, high healthcare expenditure, and an increase in the aged population are some of the factors driving the growth in this region. Furthermore, the Europe region is driven by government support for research & development and the availability of funds for research. In addition, the factors responsible for the growth in the Asia-Pacific region is due to increasing healthcare expenditure, improved lifestyle, and the introduction of biomaterials in cancer research in emerging countries such as India, and China will help the Asia-Pacific biomaterials market to grow.

 

Segment Covered

The report on the global biomaterials market covers segments such as type and application. On the basis of type, the sub-markets include metallic, polymeric, ceramic, and natural. On the basis of application, the sub-markets include cardiovascular, dental, orthopedic, wound, healing, plastic surgery, ophthalmology, and tissue engineering.

 

Companies Profiled:

The report provides profiles of the companies in the market such as AdvanSource Biomaterials Corporation, Zimmer Biomet Inc., Celanese Corporation, Ceradyne, Inc., Collagen Matrix, Inc., Corbion Purac, DuPont Inc, Evonik Industries AG, Invibio, Inc., and Orthofix Holdings, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the global biomaterials market. Moreover, the study highlights current market trends and provides forecasts for 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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