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Polymeric Biomaterials Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4041

Polymeric Biomaterials Market Size is projected to expand substantially between 2022 and 2028. This is due to the emergence of polymer-based biomaterials as an alternative to materials like metals and alloys, owing to their chemical stability, low cost, easy processability, and better corrosion resistance. Likewise, the increasing usage of polymeric biodegradable biomaterials in medical applications, including surgical sutures, drug delivery, and implants, will further drive market expansion in the coming years. Biomaterials refer to natural or synthetic materials, which are biocompatible, non-toxic, and biodegradable, engineered to interact with various biological systems to direct the medical treatment. Polymeric biomaterials are extensively used in medical applications such as regenerative medicine owing to re-processability, among other benefits.
 

Growing incidence of chronic diseases like cancer and cardiovascular conditions will stimulate the polymeric biomaterials market trends over 2022-2028. According to the WHO, CVDs are the leading cause of death worldwide, claiming the lives of over 17.9 million each year. Such factors could boost the deployment of biomaterials in the repair and replacement of cardiovascular tissues and in turn, propel the overall market share. In addition, an increase in healthcare spending and the cases of osteoporosis imperfecta in developed economies like the U.S. will further push the demand for polymeric biomaterials for bone regeneration techniques during the estimated timeline.
 

Considering application, the ophthalmology segment is expected to hold a considerable share in the polymeric biomaterials industry by 2028, as a result of the growing burden of vision impairment because of corneal opacity. In order to treat corneal injuries, the field of corneal tissue engineering has significantly started to examine natural materials to mitigate the shortcomings of the allogenic corneal grafts. This, alongside the increasing application scope of biopolymers in implants for retinal detachment surgeries and intraocular lenses, will further impel the segmental growth in the years ahead.
 

On the regional front, the Latin America polymeric biomaterials market is poised to depict a strong growth rate through 2028, driven by the favorable business landscape of the pharmaceutical industry in countries such as Brazil. Polymeric functional biomaterials are used in drug delivery systems for the introduction of therapeutic substances into the body, creating favorable growth opportunities for the multinational pharma companies in the region. Furthermore, the escalating number of age-standardized years lived with disability due to neurological conditions will also amplify the deployment of polymeric biopolymers in neural tissue engineering over the forecast spell.
 

The competitive landscape of the polymeric biomaterials market consists of companies such as Bezwada Biomedical, LLC, Covestro AG, Corbion N.V., Royal DSM, Invibio Ltd. (Victrex), W. L. Gore and Associates, and Zimmer Biomet, among others. Innovative product launches, mergers, acquisitions, and business expansions are some of the initiatives being undertaken by these firms to boost their footprint in the competitive market.
 

Disruptions in Surgical Procedures During COVID-19 to Impact Polymeric Biomaterials Market Trends:

Abrupt cessation of surgeries during the novel coronavirus pandemic posed far-reaching implications on the global healthcare sector. Various health systems witnessed dramatic declines in surgical volumes during the peak of the pandemic, with a considerable reduction in orthopedic surgery cases. Situations such as these may have adversely impacted the polymeric biomaterials industry in recent years, given the usage of biomaterials in surgical implants and sutures. However, the market may experience recovery in the upcoming years, owing to the significant use cases of poly nano-composites in biomedical applications, particularly as an antiviral agent against COVID-19.
 

The polymeric biomaterials market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by type

  • Natural
  • Synthetic

Market, by Application

  • Neurology
  • Cardiology
  • Orthopedics
  • Ophthalmology
  • Wound Care
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE
       

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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