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Pulished Date August, 2019
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Global Biomaterials Market Size, Share, Trends, Growth Analysis Report - Segmented By Material Type (Ceramic Biomaterials, Metallic Biomaterials, Polymer Biomaterials, Natural Biomaterials), By Application (Orthopedic, Dental, Cardiovascular, Plastic surgery, Wound healing, Ophthalmology, Tissue engineering, Neurological & Others), By Region - Industry Forecast | 2019 - 2024

Pulished: August, 2019
ID: 2
Pages: 171

Industry Analysis

The global biomaterials market size is estimated to worth 96.6 Billion USD in 2019 and 185.9 billion by 2024, growing at a CAGR of 14.5% during the forecast period. Over the past few years, demand for and use of biomaterials in different medical applications has increased significantly across the globe.

A biomaterial is any substance or combination of synthetic or natural origin. Biomaterials are playing a vital role in the orthopaedic surgeries, most importantly in knee replacements. According to the Journal of Bone and Joint Surgery, the demand for knee replacements to rise enormously in the coming years. The similar source proposes the need for entire hip replacements to register 572,000 patients by 2030. With such an incredible increase in demand in the orthopaedic sector, the biomaterials market is subject to significant growth soon. Nanotechnology contributions researchers are working on recovering energy from the human body to use power to operate implantable biomedical devices.

MARKET DRIVERS

Advancements in medical technology are one of the crucial factors pushing the market demand. Elevation in the prevalence of chronic skeletal and musculoskeletal medical conditions are supposed to boost the demand for biomaterial-implants which is expected to boost the market growth. Growing demand for orthopaedic implants, geriatric population, rising incidences of osteoporosis, and other musculoskeletal disorders are some of the other factors propelling the growth rate of the biomaterials market. 

Additionally, rising private and public sector investments in the medical sector, growing incidences of cardiovascular diseases, increasing demand for medical implants and growing prevalence of the quality of therapeutic procedures are expected to fuel the market growth for biomaterials. Furthermore, the launch of reimbursement schemes, rising capital income in both developed and developing countries are to boost the market demand. Several government agencies and universities are also expanding their assistance through loans, funds, and grants to support research and development in the field of biomaterials.

MARKET CHALLENGES

However, factors like the high cost of biomaterial production and polymers, inflammatory responses found because of compatibility issues, and complications with the use of these products are limiting the growth rate of the market. Lack of knowledge for biomaterial devices is slowly hampering demand for the market. The equipment in the laboratories requires massive amounts for maintenance and installation, strict rules and regulations taken by the government in concern to patient's health are limiting the growth of the market.

Recent Major Happenings in this Market

In November 2019, a Japanese company Mitsubishi chemical signed an agreement with the U.S. based Advansource biomaterials to acquire their thermoplastic polyurethane elastomer business.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Biomaterial Type, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

This research report segmented and sub-segmented the Global Biomaterials Market into the following categories based on biomaterial type, application and region.

Biomaterials Market Analysis - By Biomaterial Type:

  • Ceramic Biomaterials
  • Metallic Biomaterials
  • Polymer Biomaterials
  • Natural Biomaterials

Based on biomaterial type, the Metallic Biomaterials segment accounted for the largest share in the Global Biomaterials Market in 2019. This segment's dominant share is mainly due to the extensive use of metals in the manufacture of medical devices used in cardiovascular, dental, and orthopaedic applications.

However, during the forecast period, the segment of polymeric biomaterials is expected to grow at the fastest CAGR due to the increasing use of polymers in applications of soft tissue such as plastic surgery. The expanding use of polymers in healthcare, soft-tissue such as plastic surgeries. Its properties like flexibility, longevity, biocompatibility, bioinertness and durability have increased use for ophthalmological disorders. Based on usage, both biodegradable and bio-stable polymers are used in healthcare.

Biomaterials Market Analysis - By Application:

  • Orthopaedic
  • Dental
  • Cardiovascular
  • Plastic surgery
  • Wound healing
  • Ophthalmology
  • Tissue engineering
  • Neurological
  • Others

Based on application, the orthopaedic segment is leading with the highest shares in the Global Biomaterials Market. In contrast, dental applications are growing at a faster rate from the past few years. The rise in the concern towards healthcare and the growing urban population are propelling the growth of the market. Seeking knowledge of next-generation sequencing techniques is ascribed to bolster the demand of the Global Biomaterials Market. Besides, increasing applications of biomaterials in various applications which are also resulting high success rate is prompting the need of the market.

Regional Analysis

Due to the innovation and using the latest technological developments and the introduction of new techniques, North America is occupying for the most significant market shares in the Global Biomaterials Market. Besides, increasing disposable income in urban areas is also a lavishing market demand. North America to register the highest CAGR and dominate the market during the forecast period. Additionally, factors like favourable government policies and the presence of market competitors in this region have helped in leading in market share. Europe is following North America. Increasing government funding and the use of polymers in biomaterials are some of the factors that drive the market in this region.

The Asia Pacific, however, is the upcoming market with growing opportunities and is next in the lead after North America. Increasing geriatric population in this area and rising incidences of bone fractures and surgery demand are fuelling the market growth in the region. India and China are major countries contributing to Asia Pacific's most significant market share. Furthermore, the growing patient population, adoption of implantable devices, awareness of CVD and improving healthcare infrastructure, boosting the biomaterials market to grow in this region.

Europe is also increasing at a faster rate and continues the same in the coming years. Increasing demand in the medical sector for the use of environmentally friendly products directly elevates the market's growth rate. In the coming years, the Middle East and Africa are likely to have influential shares with increased awareness about the manufacture of the new advanced technology products.

The Middle East and Africa are growing faster as patients for targeted diseases are growing, and their demand for an advanced healthcare facility is also increasing day by day, this will increase the market in this region.

TOP COMPANIES IN THE MARKET

Some of the noteworthy players in the global biomaterials market covered in this report are Carpenter Technology Corporation (United States), Evonik Industries (Germany), Berkeley Advanced Biomaterials (United States), Royal DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), Cam Bioceramics B.V. (Netherlands), Celanese Corporation (United States), CoorsTek Inc. (United States), CeramTec (Germany), and GELITA AG (Germany).

  1. Introduction

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods                                          

                1.4 General Study Assumptions                                

  1. Research Methodology

                2.1 Introduction                                               

                2.2 Analysis Design                                         

                2.3 Research Phases                                      

                                2.3.1 Secondary Research                           

                                2.3.2 Primary Research                 

                                2.3.3 Econometric Modelling                      

                                2.3.4 Expert Validation                  

                2.4 Study Timeline                                          

  1. Overview

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 New Developments                                               

  1. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                                          

                4.2 Market Restraints                                    

                4.3 Key Challenges                                         

                4.4 Current Opportunities in the Market                                              

  1. Market Segmentation

                5.1 By Material type                                       

                                5.1.1 Ceramic                    

                                5.1.2 Metallic                    

                                5.1.3 Polymer                   

                                5.1.4 Natural                     

                5.2 By Application                                           

                                5.2.1 Orthopaedic                           

                                5.2.2 Dental                       

                                5.2.3 Cardiovascular                       

                                5.2.4 Plastic surgery                       

                                5.2.5 Wound healing                      

                                5.2.6 Ophthalmology                     

                                5.2.7 Tissue engineering                              

                                5.2.8 Neurological                           

                                5.2.9 Others                      

  1. Geographical Analysis

                6.1 North America                                          

                                6.1.1 Introduction                           

                                6.1.2 United States                         

                                6.1.3 Canada                     

                6.2 Europe                                         

                                6.2.1 Introduction                           

                                6.2.2 U.K                             

                                6.2.3 Spain                         

                                6.2.4 Germany                 

                                6.2.5 Italy                            

                                6.2.6 France                       

                6.3 Asia-Pacific                                 

                                6.3.1 Introduction                           

                                6.3.2 China                         

                                6.3.3 India                          

                                6.3.4 Japan                         

                                6.3.5 South Korea                           

                6.4 Latin America                                             

                                6.4.1 Introduction                           

                                6.4.2 Brazil                          

                                6.4.3 Argentina                

                                6.4.4 Mexico                     

                6.5 Middle East & Africa                                               

  1. Strategic Analysis

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                       

                7.2 Porter’s Five analysis                                              

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services                              

                                7.2.5 Competitive Rivalry within the Industry                     

  1. Market Leaders' Analysis

                8.1 Collagen Matrix, Inc                                

                                8.1.1 Overview                 

                                8.1.2 Product Analysis                   

                                8.1.3 Strategic Evaluation and Operations                            

                                8.1.4 Financial analysis                  

                                8.1.5 Legal issues                             

                                8.1.6 Recent Developments                       

                                8.1.7 SWOT analysis                       

                                8.1.8 Analyst View                          

                8.2 Zimmer Biomet Holdings, Inc                                              

                8.3 Evonik Industries AG                                              

                8.4 Wright Medical Technology, Inc.,                                      

                8.5 Corbion N.V                                               

                8.6 Berkeley Advanced Biomaterials                                       

                8.7 Bayer AG                                     

                8.8 Carpenter Technology Corporation                                  

                8.9 Covalon Technologies Ltd.                                   

  1. Competitive Landscape

                9.1 Market share analysis                                            

                9.2 Merger and Acquisition Analysis                                       

                9.3 Agreements, collaborations and Joint Ventures                                         

                9.4 New Product Launches                                         

  1. Expert Opinions

                10.1 Market Outlook                                     

                10.2 Investment Opportunities                                 

    Appendix                                                           

  1. List of Tables
  2. List of Figures
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Biomaterials Market By Region, From 2019-2024 ( USD Million )
  2. Global Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  3. Global Ceramic Market By Region, From 2019-2024 ( USD Million )
  4. Global Metallic Market By Region, From 2019-2024 ( USD Million )
  5. Global Polymer Market By Region, From 2019-2024 ( USD Million )
  6. Global Natural Market By Region, From 2019-2024 ( USD Million )
  7. Global Biomaterials Market By Application, From 2019-2024 ( USD Million )
  8. Global Orthopedic Market By Region, From 2019-2024 ( USD Million )
  9. Global Dental Market By Region, From 2019-2024 ( USD Million )
  10. Global Cardiovascular Biomaterials Market By Region, From 2019-2024 ( USD Million )
  11. Global Plastic surgery Market By Region, From 2019-2024 ( USD Million )
  12. Global Wound healing Market By Region, From 2019-2024 ( USD Million )
  13. Global Ophthalmology Market By Region, From 2019-2024 ( USD Million )
  14. Global Tissue Engineering Market By Region, From 2019-2024 ( USD Million )
  15. Global Neurological Biomaterials Market By Region, From 2019-2024 ( USD Million )
  16. Global Others Market By Region, From 2019-2024 ( USD Million )
  17. North America Biomaterials Market By Region, From 2019-2024 ( USD Million )
  18. North America Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  19. North America Ceramic Market By Region, From 2019-2024 ( USD Million )
  20. North America Metallic Market By Region, From 2019-2024 ( USD Million )
  21. North America Polymer Market By Region, From 2019-2024 ( USD Million )
  22. North America Natural Market By Region, From 2019-2024 ( USD Million )
  23. North America Biomaterials Market By Application, From 2019-2024 ( USD Million )
  24. North America Orthopedic Market By Region, From 2019-2024 ( USD Million )
  25. North America Dental Market By Region, From 2019-2024 ( USD Million )
  26. North America Cardiovascular Biomaterials Market By Region, From 2019-2024 ( USD Million )
  27. North America Plastic surgery Market By Region, From 2019-2024 ( USD Million )
  28. North America Wound healing Market By Region, From 2019-2024 ( USD Million )
  29. North America Ophthalmology Market By Region, From 2019-2024 ( USD Million )
  30. North America Tissue Engineering Market By Region, From 2019-2024 ( USD Million )
  31. North America Neurological Biomaterials Market By Region, From 2019-2024 ( USD Million )
  32. North America Others Market By Region, From 2019-2024 ( USD Million )
  33. United States Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  34. United States Biomaterials Market By Application, From 2019-2024 ( USD Million )
  35. Canada Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  36. Canada Biomaterials Market By Application, From 2019-2024 ( USD Million )
  37. Europe Biomaterials Market By Region, From 2019-2024 ( USD Million )
  38. Europe Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  39. Europe Ceramic Market By Region, From 2019-2024 ( USD Million )
  40. Europe Metallic Market By Region, From 2019-2024 ( USD Million )
  41. Europe Polymer Market By Region, From 2019-2024 ( USD Million )
  42. Europe Natural Market By Region, From 2019-2024 ( USD Million )
  43. Europe Biomaterials Market By Application, From 2019-2024 ( USD Million )
  44. Europe Orthopedic Market By Region, From 2019-2024 ( USD Million )
  45. Europe Dental Market By Region, From 2019-2024 ( USD Million )
  46. Europe Cardiovascular Biomaterials Market By Region, From 2019-2024 ( USD Million )
  47. Europe Plastic surgery Market By Region, From 2019-2024 ( USD Million )
  48. Europe Wound healing Market By Region, From 2019-2024 ( USD Million )
  49. Europe Ophthalmology Market By Region, From 2019-2024 ( USD Million )
  50. Europe Tissue Engineering Market By Region, From 2019-2024 ( USD Million )
  51. Europe Neurological Biomaterials Market By Region, From 2019-2024 ( USD Million )
  52. Europe Others Market By Region, From 2019-2024 ( USD Million )
  53. U.K Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  54. U.K Biomaterials Market By Application, From 2019-2024 ( USD Million )
  55. Spain Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  56. Spain Biomaterials Market By Application, From 2019-2024 ( USD Million )
  57. Germany Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  58. Germany Biomaterials Market By Application, From 2019-2024 ( USD Million )
  59. Italy Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  60. Italy Biomaterials Market By Application, From 2019-2024 ( USD Million )
  61. France Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  62. France Biomaterials Market By Application, From 2019-2024 ( USD Million )
  63. Asia-Pacific Biomaterials Market By Region, From 2019-2024 ( USD Million )
  64. Asia-Pacific Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  65. Asia-Pacific Ceramic Market By Region, From 2019-2024 ( USD Million )
  66. Asia-Pacific Metallic Market By Region, From 2019-2024 ( USD Million )
  67. Asia-Pacific Polymer Market By Region, From 2019-2024 ( USD Million )
  68. Asia-Pacific Natural Market By Region, From 2019-2024 ( USD Million )
  69. Asia-Pacific Biomaterials Market By Application, From 2019-2024 ( USD Million )
  70. Asia-Pacific Orthopedic Market By Region, From 2019-2024 ( USD Million )
  71. Asia-Pacific Dental Market By Region, From 2019-2024 ( USD Million )
  72. Asia-Pacific Cardiovascular Biomaterials Market By Region, From 2019-2024 ( USD Million )
  73. Asia-Pacific Plastic surgery Market By Region, From 2019-2024 ( USD Million )
  74. Asia-Pacific Wound healing Market By Region, From 2019-2024 ( USD Million )
  75. Asia-Pacific Ophthalmology Market By Region, From 2019-2024 ( USD Million )
  76. Asia-Pacific Tissue Engineering Market By Region, From 2019-2024 ( USD Million )
  77. Asia-Pacific Neurological Biomaterials Market By Region, From 2019-2024 ( USD Million )
  78. Asia-Pacific Others Market By Region, From 2019-2024 ( USD Million )
  79. China Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  80. China Biomaterials Market By Application, From 2019-2024 ( USD Million )
  81. India Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  82. India Biomaterials Market By Application, From 2019-2024 ( USD Million )
  83. Japan Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  84. Japan Biomaterials Market By Application, From 2019-2024 ( USD Million )
  85. South Korea Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  86. South Korea Biomaterials Market By Application, From 2019-2024 ( USD Million )
  87. Latin America Biomaterials Market By Region, From 2019-2024 ( USD Million )
  88. Latin America Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  89. Latin America Ceramic Market By Region, From 2019-2024 ( USD Million )
  90. Latin America Metallic Market By Region, From 2019-2024 ( USD Million )
  91. Latin America Polymer Market By Region, From 2019-2024 ( USD Million )
  92. Latin America Natural Market By Region, From 2019-2024 ( USD Million )
  93. Latin America Biomaterials Market By Application, From 2019-2024 ( USD Million )
  94. Latin America Orthopedic Market By Region, From 2019-2024 ( USD Million )
  95. Latin America Dental Market By Region, From 2019-2024 ( USD Million )
  96. Latin America Cardiovascular Biomaterials Market By Region, From 2019-2024 ( USD Million )
  97. Latin America Plastic surgery Market By Region, From 2019-2024 ( USD Million )
  98. Latin America Wound healing Market By Region, From 2019-2024 ( USD Million )
  99. Latin America Ophthalmology Market By Region, From 2019-2024 ( USD Million )
  100. Latin America Tissue Engineering Market By Region, From 2019-2024 ( USD Million )
  101. Latin America Neurological Biomaterials Market By Region, From 2019-2024 ( USD Million )
  102. Latin America Others Market By Region, From 2019-2024 ( USD Million )
  103. Brazil Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  104. Brazil Biomaterials Market By Application, From 2019-2024 ( USD Million )
  105. Argentina Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  106. Argentina Biomaterials Market By Application, From 2019-2024 ( USD Million )
  107. Mexico Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  108. Mexico Biomaterials Market By Application, From 2019-2024 ( USD Million )
  109. Rest of Latin America Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  110. Rest of Latin America Biomaterials Market By Application, From 2019-2024 ( USD Million )
  111. Middle East & Africa Biomaterials Market By Region, From 2019-2024 ( USD Million )
  112. Middle East & Africa Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  113. Middle East & Africa Ceramic Market By Region, From 2019-2024 ( USD Million )
  114. Middle East & Africa Metallic Market By Region, From 2019-2024 ( USD Million )
  115. Middle East & Africa Polymer Market By Region, From 2019-2024 ( USD Million )
  116. Middle East & Africa Natural Market By Region, From 2019-2024 ( USD Million )
  117. Middle East & Africa Biomaterials Market By Application, From 2019-2024 ( USD Million )
  118. Middle East & Africa Orthopedic Market By Region, From 2019-2024 ( USD Million )
  119. Middle East & Africa Dental Market By Region, From 2019-2024 ( USD Million )
  120. Middle East & Africa Cardiovascular Biomaterials Market By Region, From 2019-2024 ( USD Million )
  121. Middle East & Africa Plastic surgery Market By Region, From 2019-2024 ( USD Million )
  122. Middle East & Africa Wound healing Market By Region, From 2019-2024 ( USD Million )
  123. Middle East & Africa Ophthalmology Market By Region, From 2019-2024 ( USD Million )
  124. Middle East & Africa Tissue Engineering Market By Region, From 2019-2024 ( USD Million )
  125. Middle East & Africa Neurological Biomaterials Market By Region, From 2019-2024 ( USD Million )
  126. Middle East & Africa Others Market By Region, From 2019-2024 ( USD Million )
  127. Middle East Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  128. Middle East Biomaterials Market By Application, From 2019-2024 ( USD Million )
  129. Africa Biomaterials Market By Material Type, From 2019-2024 ( USD Million )
  130. Africa Biomaterials Market By Application, From 2019-2024 ( USD Million )

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