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Biomaterials Market Trends

  • Report ID: GMI6603
  • Published Date: Aug 2023
  • Report Format: PDF

Biomaterials Market Trends

The biomaterials industry is undergoing transformation due to several influential trends that are shaping its trajectory of growth and advancement. Nanotechnology is being used to create biomaterials with unique properties, such as increased surface area, improved drug delivery capabilities, and enhanced mechanical strength. Nanomaterials can be engineered to interact with biological systems at the cellular and molecular levels. Moreover, biomaterials are often combined with other technologies, such as drug delivery systems or electronics, to create integrated medical devices. These combination products offer innovative solutions for various medical conditions.
 

Furthermore, with the rise of antibiotic-resistant infections, there's a growing interest in developing biomaterials with intrinsic antimicrobial properties. These materials can help prevent infections associated with medical devices. Additionally, there's a growing interest in biomaterials that are biodegradable or bioresorbable, meaning they can be broken down by the body over time. These materials are particularly valuable for temporary implants and drug delivery systems, as they eliminate the need for a second surgery to remove the implant. These trends are poised to propel the growth of the market throughout the forecast period.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Biomaterials market size was valued at USD 123.8 million in 2023 and will register 12.6% CAGR from 2024-2032 due to the growing need for innovative biomaterials worldwide.

Polymeric biomaterials market will register 13.1% CAGR from 2023-2032 on account of benefits, such as mechanical strength, flexibility, and biodegradability.

North America recorded 37.3% share of the biomaterials industry in 2022 and is expected to register 12.7% CAGR from 2023-2032 owing to the presence of advanced healthcare infrastructure in the region.

BASF SE, Covestro AG, ROYAL DSM, Celanese Corporation, Carpenter Technology Corporation, Corbion, EVONIK INDUSTRIES, and Berkeley Advanced Biomaterials are some of the major biomaterials companies worldwide.

Biomaterials Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 822
  • Countries covered: 19
  • Pages: 485
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