Biomaterials Market Worth to Outgrow by USD 547.43 billion By 2027

Posted On July 15, 2021     

According to the research report by Value Market Research, the Global Biomaterials Market is likely to grow to USD 547.43 billion by 2027 with a CAGR of 16% during the year 2021-2027. The growing geriatric population along with the increasing prevalence of cardiovascular and orthopedic disorders is driving the market growth. Also, raising awareness about the biomaterial products among consumers and increasing funding from the government is further fuelling the market growth. In addition, developments in implantable instruments and materials and a growing number of hip and knee replacement surgeries are also accelerating the market growth. Whereas, ongoing R&D along with advancements in tissue designing is expected to fuel the market growth in upcoming years. Nevertheless, high development cost associated with biomaterials may restrict the market growth in the forecast period.

The biomaterial is an engineered substance that is basically used in medical technology to enhance the functionality of damaged organs and tissues. They are often used in medical applications for the treatments of cardiovascular, dental, orthopedic, and neurological disorders. They can also be used in other medical technologies such as drug delivery devices, tissue engineering, plastic surgery, and other implants devices.

"Global Biomaterials Market Report By Material (Metallic, Polymer, Ceramic And Natural), Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Ophthalmology, Neurological Conditions And Ophthalmology) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" is an elaborate report providing market data on the basis of segments and geography.

On the basis of product the market is segmented into Metallic, Natural, Ceramics, Polymers. By application the biomaterials market is categorised as Cardiovascular (Sensors, Stents, Guidewires, Implantable Cardiac Defibrillators, Pacemakers, Vascular Grafts, Others), Ophthalmology (Synthetic Corneas, Intraocular Lens, Contact Lens, Ocular Tissue Replacement, Others), Dental (Tissue Regeneration Materials, Dental Implants, Bone Grafts & Substitutes, Dental Membranes, Others), Orthopedic (Joint Replacement Biomaterials, Orthobiologics, Bioresorbable Tissue Fixation Products, Viscosupplementation, Spine Biomaterials, Others), Wound Healing (Fracture Healing Device, Adhesion Barrier, Skin Substitutes, Internal Tissue Sealant, Surgical Hemostats, Others), Tissue Engineering, Plastic Surgery (Facial Wrinkle Treatment, Soft Tissue Fillers, Craniofacial Surgery, Bioengineered Skins, Peripheral Nerve Repair, Acellular Dermal Matrices, Others), Neurology (Neural Stem Cell Encapsulation, Shunting Systems, Hydrogel Scaffold For CNS Repair, Cortical Neural Prosthetics, Others), Others.By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Biomaterials is the dominating region. The data tables in this section depict the market estimate by market segment.

The Report Segments Global Biomaterials Market -
By Product

  • Metallic
  • Natural
  • Ceramics
  • Polymers

 
By Application

  • Cardiovascular (Sensors, Stents, Guidewires, Implantable Cardiac Defibrillators, Pacemakers, Vascular Grafts, Others)
  • Ophthalmology (Synthetic Corneas, Intraocular Lens, Contact Lens, Ocular Tissue Replacement, Others)
  • Dental (Tissue Regeneration Materials, Dental Implants, Bone Grafts & Substitutes, Dental Membranes, Others)
  • Orthopedic (Joint Replacement Biomaterials, Orthobiologics, Bioresorbable Tissue Fixation Products, Viscosupplementation, Spine Biomaterials, Others)
  • Wound Healing (Fracture Healing Device, Adhesion Barrier, Skin Substitutes, Internal Tissue Sealant, Surgical Hemostats, Others)
  • Tissue Engineering
  • Plastic Surgery (Facial Wrinkle Treatment, Soft Tissue Fillers, Craniofacial Surgery, Bioengineered Skins, Peripheral Nerve Repair, Acellular Dermal Matrices, Others)
  • Neurology (Neural Stem Cell Encapsulation, Shunting Systems, Hydrogel Scaffold For CNS Repair, Cortical Neural Prosthetics, Others)
  • Others

 
By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 
Players Profiled In the Report:
Medtronic plc, Evonik Industries AG, Carpenter Technology Corporation, Covalon Technologies Ltd., Stryker, Johnson & Johnson, Dentsply Sirona, CoorsTek Inc., Corbion, Berkeley Advanced Biomaterials, Invibio Ltd., Zimmer Biomet Holdings, Inc., BASF SE, Collagen Matrix, Inc.

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