Biomaterials Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4291
Biomaterials Market size is expected to grow significantly from 2019 to 2025.
Growing adoption and demand for implantable devices coupled with technological advancements accelerates biomaterials market growth. Introduction of technologically advanced devices in market has secured patient’s convenience. Additionally, implantable devices are manufactured to replace a missing biological structure that should foster biomaterials industry growth. Increasing demand to support damaged biological structure specifically in cardiovascular, orthopedic and cochlear among others boosts biomaterials market growth. Furthermore, manufacturers aim at developing innovative implantable devices for efficient patient management further augments business growth.
Increasing incidence of cardiovascular and orthopedic diseases along with rising elderly population base will propel the biomaterials market growth. Biomaterials are used as a carrier for drug delivery or as extracellular matrix substitute scaffold for repairment and replacement of damaged cardiovascular tissues. Various such factor thereby boosts the industry growth. Geriatric population is susceptible to acquire orthopedic and cardiovascular diseases due to low immune system thus foster biomaterial market growth. However, stringent regulatory processes may hamper the biomaterials business growth over the analysis timeframe.
Polymer segment is anticipated to witness significant growth over analysis timeframe. Rising number of polymeric materials used in tissue engineering along with technological advancements to introduce new products will fuel the segment growth. Additionally, rising usage of polymer biomaterials in soft tissue application including plastic surgeries should propel segmental demand.
Orthopedic segment will witness robust growth during the forecast timeline owing to rising geriatric population base. Numerous bone related problems such as fracture, scoliosis, osteoporosis and lower back pain among others augment huge demand for biomaterials. Moreover, orthopedic implantable are specially designed to perform repairing of different tissues such as cartilage, bone, ligaments and tendons that positively impact segmental growth.
North America biomaterials market will account for lucrative revenue share by 2025. Increasing prevalence of cardiovascular diseases, tissue engineering and plastic surgery in this region will surge huge demand for biomaterials market growth. As per CDC, heart disease is the leading cause of death among U.S population. As, biomaterials have enormous applications in manufacturing stents, vascular grafts, implantable cardiac defibrillators and pacemakers that should stimulate biomaterials industry growth throughout the region.
Prominent business players functioning in biomaterials industry include Royal DSM, Corbion, Evonik, Berkeley Advanced Biomaterials, Cam Bioceramics, CoorsTek, CeramTec, and GELITA. Industry players adopt several different strategies including partnerships and strategic collaborations to garner large market share. For instance, in 2019, DSM formed strategic collaboration with ProMed Pharma. Focus to use micromolding and extrusion capabilities of ProMed in convergence with biomedical polyurethaneureas, and bioerodible amino acid based polyesteramides of DSM’s to develop combination devices and drug implants. This strategy enhanced company’s product portfolio.
Biomaterials Market By Type, 2014-2025 (USD Million)
- Polymer biomaterials
- Silicone Rubber
- Calcium Phosphate
- Aluminum Oxide
- Calcium Sulfate
- Metallic biomaterials
- Stainless Steel
- Titanium & Titanium Alloys
- Cobalt-Chrome Alloys
- Natural biomaterials
- Hyaluronic acid
Biomaterials Market By Application, 2014-2025 (USD Million)
- Joint replacement
- Bioresorbable tissue fixation
- Fracture fixation devices
- Contact lenses
- Synthetic corneas
- Dental implants
- Dental membranes
- Tissue regeneration
- Plastic surgery
- Wound care
- Tissue engineering
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Royal DSM
- Evonik Industries
- Berkeley Advanced Biomaterials
- Cam Bioceramics
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