MarketDataForecast predicts that the global market size for Biomaterials will reach 96.6 Billion USD in 2019 and 185.9 billion by 2024, growing at a CAGR of 14.5% during the forecast period.
Rising private and public sector investments in the medical sector are leading with the largest market shares. Globally, rising incidences of cardiovascular diseases drive market demand to the extent. Also, increasing demand for medical implants is driving market growth. Growing prevalence for the quality of therapeutic procedures is greatly influencing the demand of this market. Government investments in the medical sector and the launch of reimbursement schemes are making the market growth to move forward.
Nevertheless, the lack of skilled people in the effective handling of the substances slightly restricts the market demand for biomaterials. Strict government rules and regulations can have a negative impact on market growth.
Rising capital income in both developed and developing countries is the main attribute for further market growth opportunities for the market.
Over the past few years, demand for and use of biomaterials in different medical applications has increased significantly across the globe. 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.
Details of the report:
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Report Metric |
Details |
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Market Size Available |
2018 – 2024 |
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Base Year |
2018 |
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Forecast Period |
2019 - 2024 |
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Segments Covered |
By Biomaterial Type, Application, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Carpenter Technology Corporation (US), Evonik Industries (Germany), Berkeley Advanced Biomaterials (US), Royal DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), Cam Bioceramics B.V. (Netherlands), Celanese Corporation (US), CoorsTek Inc. (US), CeramTec (Germany), and GELITA AG (Germany). |
This research report segmented and sub-segmented the Global Biomaterials Market into the following categories and evaluated market size and forecast for each segment until 2025.
Biomaterials Market Analysis - By Biomaterial Type:
On the basis of biomaterial type, the Metallic Biomaterials segment accounted for the largest share of the market in 2018. This segment's dominant share is mainly due to the large use of metals in the manufacture of medical devices used in cardiovascular, dental, and orthopedic applications. However, during the forecast period, the segment of polymeric biomaterials is expected to grow at the fastest CAGR. This is largely due to the increasing use of polymers in applications of soft tissue such as plastic surgery.
Biomaterials Market Analysis - By Application:
On the basis of application, the Orthopedic segment is leading with the highest shares of the market whereas dental applications is 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 on next-generation sequencing techniques is ascribed to bolster the demand of the market. In addition, increasing applications of biomaterials in various applications which are also resulting high success rate is prompting the demand of the market.
Biomaterials Market Analysis - By Region:
Regionally Due to the innovation and using the latest technological developments and the introduction of new techniques, North America has been responsible for the largest market shares. In addition, increasing disposable income in urban areas is also a lavishing market demand. North America is expected to register the highest CAGR and dominate the market during the forecast period.
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 largest market shares. The Asia Pacific is expected to show significant growth during the forecast period due to the rapid industrialization and urbanization in big economies of this region.
Over the past decade, Europe is also growing at a faster rate and is also expected to grow at a considerable rate 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.
Key Market Leaders
Some of the noteworthy players in the global biomaterials market are Carpenter Technology Corporation (US), Evonik Industries (Germany), Berkeley Advanced Biomaterials (US), Royal DSM (Netherlands), BASF SE (Germany), Corbion (Netherlands), Cam Bioceramics B.V. (Netherlands), Celanese Corporation (US), CoorsTek Inc. (US), CeramTec (Germany), and GELITA AG (Germany).
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
Appendix
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