Impact of COVID-19: Biomaterials Market is projected to reach a value of over USD 262.5 billion by 2027 at a CAGR of around 11.8%.

Biomaterials Market: Summary

The Global Biomaterials Market is projected to reach a value of over USD 262.5 billion by 2027 at a CAGR of around 11.8%.

Biomaterials are natural or synthetic origin materials which are used as implants to substitute damaged tissue or organ improve its functionality. These materials are used to interact with the biological system for medical purpose and treatments of dental, cardiovascular, neurological, and orthopaedic surgery. Biomaterial applications are finding prominence in the research on biomed engineering, biomineralization, and biomolecules.

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Biomaterials Market: Drivers & Challenge

Market Driver:

  • Increasing Grants and Funds by Government Bodies and Universities for Development of Novel Biomaterials

Increase in generic population, high prevalence of cardiovascular, neurological & orthopaedic disorders, and increase in awareness regarding advantages of biomaterial products are some of the factors that surging the demand for the biomaterials in various medical applications. This has attributed to various government bodies and universities are extending their help in the form of grants and funds in order to promote research & development of novel biomaterials. For instance, in March 2018, the National Science Foundation was granted USD 200 million by Drexel University granted for research on how biomaterial mediated control over macrophage behavior affects biomaterial vascularization. Thus, increasing grants and funds by government bodies and universities for the development of novel biomaterials has expected to drive the growth of the market during the forecasted period.

Market Challenge:

  • Limitation of Biomaterial-based Products

In spite of various advantages offered by biomaterials in the field of medical applications, there are some limitations associated with biomaterial-based products. For instance, the toughness and stability of bioceramics decrease at a particular temperature, which makes manufacturing difficult. Moreover, ceramic implants have a shorter life cycle as they undergo continuous loosening and dislocation. Likewise, metal polymers rust easily when exposed to harsh environments such as body acids and enzymes. Thus, limitations of biomaterials-based products are expected to hinder the product market up to some extent during the forecasted period.

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Biomaterials Market: Key Segments

  • Segmentation based on Type: Metallic, Polymeric, Ceramic, and Natural.
  • Segmentation based on Application: Cardiovascular, Orthopedic, Ophthalmology, Wound Healing, and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

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Key Companies Covered

  • Evonik Industries AG (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • DSM
  • Medtronic
  • Invibio Ltd
  • CRS Holdings Inc.
  • Zimmer Biomet
  • Berkeley Advanced Biomaterials
  • Covalon Technologies Ltd.
  • Stryker
  • Dentsply Sirona
  • CoorsTek Inc.
  • Corbion
  • Collagen Matrix, Inc
  • CeramTec GmbH
  • Other Key Companies

Biomaterials Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Biomaterials Market, by Type

  • Metallic
  • Stainless Steel
  • Titanium & Titanium Alloys
  • Cobalt-Chrome Alloys
  • Others
  • Polymeric
  • Polymethylmethacrylate
  • Polyethylene
  • Polyester
  • Others
  • Ceramic
  • Calcium Phosphate
  • Zirconia
  • Aluminum Oxide
  • Others
  • Natural
  • Hyaluronic Acid
  • Collagen
  • Gelatin
  • Others

Biomaterials Market, by Application

  • Cardiovascular
  • Catheters
  • Stents
  • Pacemakers
  • Others
  • Orthopedic
  • Joint Replacement
  • Viscosupplementation
  • Bioresorbable Tissue Fixation
  • Others
  • Ophthalmology
  • Contact Lenses
  • Intraocular Lenses
  • Synthetic Corneas
  • Others
  • Wound Healing
  • Wound Closure Devices
  • Surgical Hemostats
  • Internal Tissue Sealants
  • Others
  • Others

Biomaterials Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends – Porters Five Forces Analysis

6 GLOBAL BIOMATERIALS MARKET BY TYPE, Market Size in USD Million 2019-2027)


8 GLOBAL BIOMATERIALS MARKET BY REGION, Market Size in USD Million & Volume in Kiloton (2019-2027)

9 Competitive Landscape

10 Company Profiles

11 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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