Biomaterials Market By Material Type (Ceramic, Metallic, Polymers, And Natural Biomaterials), By Application (orthopaedic, Dental, Cardiovascular, Plastic Surgery, Wound Healing, Ophthalmology, Tissue Engineering, Neurological /central Nervous Systems, And Others), And By Region – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast (2019 – 2024)
Biomaterials Market Overview:
Biomaterials are the combination of elements, artificial or naturally derived, used in medical applications for instance replacement of tissue and organ transplantation. Advancements in medical technology have taken a hefty toll on plastic materials that are used in medical applications, which has been further worsened by developments in the fields of medical plastic, stainless steel /titanium metal replacement implant materials, being predominantly driven by concerns of biocompatibility, in addition to demand for superior implant mechanical performance.
Biomaterials Market Forecast Report (2019-2024):
The Global Biomaterials Market is estimated at $96642.86 Million in 2019 and is poised to reach $185975.2 Million by 2024, growing at a CAGR of 13.99% during the forecast period.
Biomaterials Market Growth:
Increased use of biomaterials is mainly attributed to the tremendous research on advancements in medical technology for the efficient functionality of medical implants. In addition, Increased government grants, investment and funding, and growing usage of polymer in biomaterials are some of the factors driving the growth for global biomaterials market. And also due to the increasing number of geriatric patients, the demand for usage of biomaterials in cardiology, wound healing, neurology and plastic surgery is on a rise. Besides, new technologies such as hydrogen scaffolding and decellularized dermal matrixes for grafting will contribute to the market in growing at a healthy rate throughout the forecast period.
However, adverse reaction to biomaterial implants, strict regulatory requirements, inflammation and fracture issues, high cost associated with and difficulties in manufacturing are the major factors off-putting the growth for global biomaterials market.
Based on the types of material, the Global Biomaterials Market is categorized into ceramic, metallic, polymers, and natural biomaterials. Polymers will have the fastest growth rate in the coming years owing to its increased applications in healthcare and distinct material properties such as bio- inertness, flexibility, longevity, biocompatibility and durability. Polymers biomaterials have widespread applications such as in percutaneous transluminal coronary angioplasty (PTCA) catheters, strong frame for dental prosthesis and dentures, contact lenses, heart valves, and intraocular lenses. With persistent demand from geriatrics and rising incidence of ophthalmic disorders, the mainstream usage of polymers for ophthalmological purposes will surge in the next few years.
Biomaterials Market Segmentation:
Further, based on application, the Global Biomaterials Market is segmented into orthopaedic, dental, cardiovascular, plastic surgery, wound healing, ophthalmology, tissue engineering, neurological /central nervous systems, and other applications which include drug delivery systems, bariatric surgery, gastrointestinal and urinary applications.
Biomaterials Market Key players:
Some of the key players in the Global Biomaterials Market include Royal DSM, Zimmer Biomet Holdings, Inc., Evonik Industries AG, Wright Medical Technology, Inc., Corbion N.V., Berkeley Advanced Biomaterials, Bayer AG, Carpenter Technology Corporation, Covalon Technologies Ltd., BASF SE, Invibio Ltd., Inc., CAM Bioceramics BV, and Collagen Matrix, Inc.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
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
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
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
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
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
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.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
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