The Biomaterials Market size was estimated USD 156.1 billion in 2022 and is expected to reach USD 501.2 billion by 2030 at a CAGR of 15.7% during the forecast period of 2023-2030.
Biomaterial refers to any substance or mixture of substances that can be synthetic or natural in origin. Biomaterials research is the study of biomaterials, which includes factors such as genetics, medicine, chemistry, and tissue engineering. These biomaterials communicate with biological systems in order to cure cardiovascular, dental, orthopaedic, and neurological disorders.
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DRIVERS
Rising demand for biomaterials in plastic surgery and wound healing applications
Plastic surgery and wound healing are two of the most prevalent applications for biomaterial-based products. Biomaterials are widely used in plastic surgery for implanting, reconstructing, healing, and concealing soft-tissue wounds, burns, or gaping holes in the human body in a natural and safe manner. In the future years, demand for biomaterials in plastic surgery and wound healing applications will be driven by innovations and technological breakthroughs, as well as the increased popularity of aesthetic cosmetic procedures.
RESTRAIN
Stringent clinical & regulatory processes
Biomaterial-based medical devices are strictly controlled in numerous places, including North America, Europe, and Asia, to assure their quality and efficacy. This is primarily due to the fact that majority of biomaterial-based medical devices are implantable. Before they can be marketed, all new biomaterials must demonstrate that they are safe and effective. In the United States, the FDA establishes tight criteria and regulations for the clearance procedure. Biomaterial-based products, such as implantable pacemakers, stents, and cardiac valves, are categorized as Class III devices by the FDA, posing the highest risk of sickness or harm. As a result, these devices are submitted to the premarket approval application process (the most stringent sort of device marketing application).
OPPORTUNITY
Increasing healthcare markets in emerging economies
The biomaterials market in emerging nations is predicted to increase significantly during the projected period. This can be attributed primarily to these countries' growing patient populations, increasing adoption of implantable devices, growing awareness of CVDs, rising disposable income, improving healthcare infrastructure, and the presence of less stringent regulatory guidelines (in comparison to developed countries).
CHALLENGES
Stringent guidelines and compatibility issues
The Russian-Ukrainian situation appears to be exacerbating the pandemic's impact on Ukrainian health, particularly mental health. Knowing that Ukraine's health-care system was substantial but frail. And, in the midst of the continuing COVID-19 pandemic, which has already put health systems and health care personnel under immense strain, such attacks have the potential to be considerably more disastrous for Ukraine. SURVEILLANCE SYSTEM FOR ATTACKS ON HEALTH CARE (SSA) reported an anticipated 158 attacks on health care facilities until the end of April 2022.
IMPACT OF ONGOING RECESSION
Covalon Technologies Ltd. maintains a modest direct sales organization in the United States that sells directly to acute care hospitals and related institutions. Companies' sales staff has had to adjust and modify their strategy as COVID-19 limits have been imposed on hospitals and those who can enter hospitals. As a result, their sales force has limited access to these customers. As a result of the impact of COVID-19 and the continuous slump in market conditions, they withdrew sales force in the United Kingdom and are now focusing on growth in the United States market.
By Product
Metallic
Natural
Ceramics
Polymers
In 2022, Polymers segment is expected to held the highest market share of 28.5% during the forecast period owing to the wide range of product usage. Moreover, the widespread availability of biopolymers and advanced polymers for bio-resorbable tissue fixation and other orthopedic applications is likely to increase the segment's revenue growth. Polymeric biomaterials are a key component in tissue engineering. Micro-manufacturing, surface modification, drug delivery, nanotechnology, and high-throughput screening are all contributing to the expansion of polymeric material utilization in the tissue engineering sector.
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
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In 2022, Orthopedic segment is expected to dominate the market growth of 23.2% during the forecast period due to their high load-bearing capacity. Also, market vendors' ongoing efforts to introduce innovative orthopedic implants are projected to drive revenue generation.
North America held a significant market share of around 38.2% in 2022 owing to the measures performed by various governmental and private organizations. The National Science Foundation and the National Institute of Standards and Technology, which give expertise and help on the use of biomaterials in biological applications. As a result, the usage of biomaterials in this region has expanded. Furthermore, favorable government policies and the presence of numerous big market players in this region have aided the regional market share.
Asia-Pacific is witness to expand fastest CAGR rate of 16.8% during the forecast period due to strategic initiativews adopted by the regional companies to reinforce their presence in local as well as global markets, Also, the biomaterials market in India is constantly booming. The orthopedic, dental, and cardiovascular biomaterials industries dominate the Indian biomaterials business.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Medtronic plc, Evonik Industries AG, Carpenter Technology Corporation, Berkeley Advanced Biomaterials, Invibio Ltd., Zimmer Biomet Holdings, Inc., BASF SE, Covalon Technologies Ltd., Stryker, Johnson & Johnson, Dentsply Sirona, CoorsTek Inc., GE Healthcare, Collagen Matrix, Inc., and Others.
Evonik Industries AG, in March 2022, EUDRATEC Fasteric, a platform for oral drug delivery technology that goes directly over the released target and is used for enteric fortification and rapid release in the upper smaller intestine, was formally introduced by Evonik Industries. This product development aided Evonik's growth by improving the biocompatibility, safety, and functioning of implanted items used by medical device customers.
Medtronic and GE Healthcare, in April 2022, Medtronic and GE Healthcare formed a cooperation to satisfy the particular needs and demand for care in ambulatory surgery centers (ASCs) and office-based laboratories. (OBLs). Customers will benefit from a wide selection of products, financial options, and exceptional assistance as a result of this new relationship.
| Report Attributes | Details |
| Market Size in 2022 | US$ 156.1 Billion |
| Market Size by 2030 | US$ 501.2 Billion |
| CAGR | CAGR of 15.7 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Metallic, Natural, Ceramics, Polymers) • By Application (Cardiovascular, Ophthalmology, Dental, Orthopedic, Wound Healing, Tissue Engineering, Plastic Surgery, Neurology, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Medtronic plc, Evonik Industries AG, Carpenter Technology Corporation, Berkeley Advanced Biomaterials, Invibio Ltd., Zimmer Biomet Holdings, Inc., BASF SE, Covalon Technologies Ltd., Stryker, Johnson & Johnson, Dentsply Sirona, CoorsTek Inc., GE Healthcare, Collagen Matrix, Inc. |
| Key Drivers | • Rising demand for biomaterials in plastic surgery and wound healing applications |
| Market Opportunity | • Increasing healthcare markets in emerging economies |
Ans: Biomaterials Market is anticipated to expand by 15.7% from 2023 to 2030.
Ans: USD 501.2 billion is expected to grow by 2030.
Ans: Biomaterials Market size was valued at USD 156.1 billion in 2022.
Ans: North America is dominating the market.
Ans: Increasing demand for biomaterials in plastic surgery and wound healing applications
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Biomaterials Market Segmentation, By Product
8.1 Metallic
8.2 Natural
8.3 Ceramics
8.4 Polymers
9. Biomaterials Market Segmentation, By Application
9.1 Cardiovascular
9.1.1 Sensors
9.1.2 Stents
9.1.3 Guidewires
9.1.4 Implantable Cardiac Defibrillators
9.1.5 Pacemakers
9.1.6 Vascular Grafts
9.1.7 Others
9.2 Ophthalmology
9.2.1 Synthetic Corneas
9.2.2 Intraocular Lens
9.2.3 Contact Lens
9.2.4 Ocular Tissue Replacement
9.2.5 Others
9.3 Dental
9.3.1 Tissue Regeneration Materials
9.3.2 Dental Implants
9.3.3 Bone Grafts & Substitutes
9.3.4 Dental Membranes
9.3.5 Others
9.4 Orthopedic
9.4.1 Joint Replacement Biomaterials
9.4.2 Orthobiologics
9.4.3 Bioresorbable Tissue Fixation Products
9.4.4 Viscosupplementation
9.4.5 Spine Biomaterials
9.4.6 Others
9.5 Wound Healing
9.5.1 Fracture Healing Device
9.5.2 Adhesion Barrier
9.5.3 Skin Substitutes
9.5.4 Internal Tissue Sealant
9.5.5 Surgical Hemostats
9.6 Tissue Engineering
9.7 Plastic Surgery
9.7.1 Facial Wrinkle Treatment
9.7.2 Soft Tissue Fillers
9.7.3 Craniofacial Surgery
9.7.4 Bioengineered Skins
9.7.5 Peripheral Nerve Repair
9.7.6 Acellular Dermal Matrices
9.7.7 Others
9.8 Neurology
9.8.1 Neural Stem Cell Encapsulation
9.8.2 Shunting Systems
9.8.3 Hydrogel Scaffold for CNS Repair
9.8.4 Cortical Neural Prosthetics
9.8.5 Others
9.9 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Biomaterials Market by Country
10.2.2 North America Biomaterials Market by Product
10.2.3 North America Biomaterials Market by Application
10.2.4 USA
10.2.4.1 USA Biomaterials Market by Product
10.2.4.2 USA Biomaterials Market by Application
10.2.5 Canada
10.2.5.1 Canada Biomaterials Market by Product
10.2.5.2 Canada Biomaterials Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Biomaterials Market by Product
10.2.6.2 Mexico Biomaterials Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Biomaterials Market by Country
10.3.1.2 Eastern Europe Biomaterials Market by Product
10.3.1.3 Eastern Europe Biomaterials Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Biomaterials Market by Product
10.3.1.4.2 Poland Biomaterials Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Biomaterials Market by Product
10.3.1.5.2 Romania Biomaterials Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Biomaterials Market by Product
10.3.1.6.2 Hungary Biomaterials Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Biomaterials Market by Product
10.3.1.7.2 Turkey Biomaterials Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Biomaterials Market by Product
10.3.1.8.2 Rest of Eastern Europe Biomaterials Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Biomaterials Market by Country
10.3.2.2 Western Europe Biomaterials Market by Product
10.3.2.3 Western Europe Biomaterials Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Biomaterials Market by Product
10.3.2.4.2 Germany Biomaterials Market by Application
10.3.2.5 France
10.3.2.5.1 France Biomaterials Market by Product
10.3.2.5.2 France Biomaterials Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Biomaterials Market by Product
10.3.2.6.2 UK Biomaterials Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Biomaterials Market by Product
10.3.2.7.2 Italy Biomaterials Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Biomaterials Market by Product
10.3.2.8.2 Spain Biomaterials Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Biomaterials Market by Product
10.3.2.9.2 Netherlands Biomaterials Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Biomaterials Market by Product
10.3.2.10.2 Switzerland Biomaterials Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Biomaterials Market by Product
10.3.2.11.2 Austria Biomaterials Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Biomaterials Market by Product
10.3.2.12.2 Rest of Western Europe Biomaterials Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Biomaterials Market by Country
10.4.2 Asia Pacific Biomaterials Market by Product
10.4.3 Asia Pacific Biomaterials Market by Application
10.4.4 China
10.4.4.1 China Biomaterials Market by Product
10.4.4.2 China Biomaterials Market by Application
10.4.5 India
10.4.5.1 India Biomaterials Market by Product
10.4.5.2 India Biomaterials Market by Application
10.4.6 Japan
10.4.6.1 Japan Biomaterials Market by Product
10.4.6.2 Japan Biomaterials Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Biomaterials Market by Product
10.4.7.2 South Korea Biomaterials Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Biomaterials Market by Product
10.4.8.2 Vietnam Biomaterials Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Biomaterials Market by Product
10.4.9.2 Singapore Biomaterials Market by Application
10.4.10 Australia
10.4.10.1 Australia Biomaterials Market by Product
10.4.10.2 Australia Biomaterials Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Biomaterials Market by Product
10.4.11.2 Rest of Asia-Pacific APAC Biomaterials Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Biomaterials Market by Country
10.5.1.2 Middle East Biomaterials Market by Product
10.5.1.3 Middle East Biomaterials Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Biomaterials Market by Product
10.5.1.4.2 UAE Biomaterials Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Biomaterials Market by Product
10.5.1.5.2 Egypt Biomaterials Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Biomaterials Market by Product
10.5.1.6.2 Saudi Arabia Biomaterials Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Biomaterials Market by Product
10.5.1.7.2 Qatar Biomaterials Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Biomaterials Market by Product
10.5.1.8.2 Rest of Middle East Biomaterials Market by Application
10.5.2 Africa
10.5.2.1 Africa Biomaterials Market by Country
10.5.2.2 Africa Biomaterials Market by Product
10.5.2.3 Africa Biomaterials Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Biomaterials Market by Product
10.5.2.4.2 Nigeria Biomaterials Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Biomaterials Market by Product
10.5.2.5.2 South Africa Biomaterials Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Biomaterials Market by Product
10.5.2.6.2 Rest of Africa Biomaterials Market by Application
10.6 Latin America
10.6.1 Latin America Biomaterials Market by Country
10.6.2 Latin America Biomaterials Market by Product
10.6.3 Latin America Biomaterials Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Biomaterials Market by Product
10.6.4.2 Brazil Biomaterials Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Biomaterials Market by Product
10.6.5.2 Argentina Biomaterials Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Biomaterials Market by Product
10.6.6.2 Colombia Biomaterials Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Biomaterials Market by Product
10.6.7.2 Rest of Latin America Biomaterials Market by Application
11. Company Profile
11.1 Medtronic plc
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Products Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Evonik Industries AG
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Products Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Carpenter Technology Corporation
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Products Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Berkeley Advanced Biomaterials
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Product/Products Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Invibio Ltd.
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Products Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Zimmer Biomet Holdings, Inc.,
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Products Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 BASF SE
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Products Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Covalon Technologies Ltd.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Products Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Stryker
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Products Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Johnson & Johnson
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Products Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Dentsply Sirona
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Products Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 CoorsTek Inc.
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/Products Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13 GE Healthcare
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Product/Products Offered
11.13.4 SWOT Analysis
11.13.5 The SNS View
11.14 Collagen Matrix, Inc.
11.14.1 Company Overview
11.14.2 Financials
11.14.3 Product/Products Offered
11.14.4 SWOT Analysis
11.14.5 The SNS View
11.15 Others
12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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