Worldwide Biomaterials Market is estimated to reach $139,736 million at a CAGR of 11.8% from 2016 to 2022 : Acute Market Reports
The global biomaterials market is estimated to reach $139,736 million by 2022, growing at a CAGR of 11.8% from 2016 to 2022. Biomaterials are artificially derived synthetic or natural materials that are used in medical technology to improve the functionality of damaged tissues and organs. These biomaterials are used to interact with biological systems for medical purposes and treatments of cardiovascular, dental, orthopedic, and neurological disorders. Moreover, biomaterials can be implemented in various advanced medical technologies such as tissue engineering, plastic surgery, drug delivery devices, and other medical implants.Increase in geriatric population, high prevalence of cardiovascular, neurological, & orthopedic disorders, and heavy funding by government organizations to launch new products, increase awareness regarding the advantages of biomaterials products, increase production of implantable products, and advancements in medical technology are the key drivers of the market. The growth of the biomaterials market is hindered by factors such as high cost of biomaterial production, occurrence of inflammatory responses due to compatibility issues, and complications associated with the use of these products.
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The report analyzes the biomaterials market based on type, namely, metallic, polymeric, ceramic, and natural types. Metallic biomaterials are further segmented into stainless steel, titanium & titanium alloys, cobalt-chrome alloys, gold, and silver type. Polymeric biomaterials are further divided into polymethyl methacrylate (PMMA), polyethylene, polyester, polyvinylchloride, silicone rubber, nylon, and polyetheretherketone. Ceramic biomaterials are further segmented into calcium phosphate, zirconia, aluminum oxide, calcium sulfate, carbon, and glass. Natural biomaterials include hyaluronic acid, collagen & gelatin, fibrin, cellulose, chitin, alginates, and silk. The market is segmented based on application into cardiovascular, dental, orthopedic, wound healing, plastic surgery, ophthalmology, tissue engineering, neurological disorders, and drug-delivery systems. The report includes the revenue generated through sales in these aforementioned segments of the market.
Metallic biomaterial segment presently dominates the global market, whereas polymeric biomaterial segment is projected to grow rapidly during the forecast period. Metallic biomaterials are widely used in orthopedic procedures for bone support and replacement, as they are strong and resistant to fatigue degradation. They are used in dental, cardiovascular, and cosmetic surgeries. Moreover, metals are used in neuromuscular stimulation devices due to their good electrical conductivity.
Orthopedic disorder is the largest application segment of the biomaterial market, owing to the increase in the number of orthopedic surgeries using implants. Biomaterials are used for developing orthopedic implants, which are used in various orthopedic procedures such as orthobiologics, bioresorbable tissue fixation products, joint replacements, spine implants, viscosupplementation, and nonconventional modular tumor implants.
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The global biomaterials market is driven factors such as increase in geriatric population who are susceptible to diseases such as cardiovascular, dental, orthopedic, and neurological conditions. Biomaterials are extensively used in hip and knee replacement surgeries. The high demand for implantable devices has boosted the market growth. These implantable devices are widely used in chronic degenerative diseases such as orthopedic ailments and cardiovascular disorders.
Technological advancement in medical technology such as development of smart biomaterials and improving healthcare infrastructure fuel the market growth. Government and private initiatives have increased awareness regarding biomaterials application and increased incidence of neurological disorders; thereby, driving the market growth in the Asia-Pacific region. However, high cost associated with biomaterial production, abrasive wear of implantable products, and biocompatibility issues with the products hamper the market growth.The report provides comprehensive analysis of the key players operating in the global biomaterials market, which include Royal DSM, Wright Medical Technology, Inc., Corbion N.V., Zimmer Biomet Holdings, Inc., Bayer AG, Carpenter Technology Corporation, Technologies Ltd., Evonik Industries AG, BASF SE, Invibio Ltd., and Collagen Matrix. The report presents competitive study of the market by analyzing market shares and position of major players, recent strategic moves, and detailed profiles of these players.
BIOMATERIALS MARKET KEY BENEFITS
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global biomaterials market.
- In-depth analysis of the market is based on market estimations of key market segments for the period of 2014‐2022.
- This study analyzes the competitive landscape and value chain to understand the competitive scenario across the geographies.
- The report provides region-wise and country-wise analysis of the biomaterials market.
- The market scenario is comprehensively analyzed with respect to the type, and application.
BIOMATERIALS MARKET KEY SEGMENTS
Titanium & Titanium Alloys
Collagen & Gelatin
Latin America, Middle East and Africa (LAMEA)Brazil
Republic of South Africa
Chapter: 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
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Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top investment pockets
3.2.2 Top winning strategies
3.3 Porters five forces analysis
3.3.1 Bargaining power of suppliers
3.3.2 Bargaining power of buyers
3.3.3 Threat of new entrants
3.3.4 Threat of substitutes
3.3.5 Competitive rivalry
3.4 Market dynamics
18.104.22.168 Rise in geriatric population
22.214.171.124 Rise in prevalence of cardiovascular and orthopedic disorders
126.96.36.199 Rising demand for implantable devices
188.8.131.52 Advancements in medical technology
184.108.40.206 Advantages of biomaterials products
220.127.116.11 Heavy funding by government agencies
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