Biomaterials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Biomaterials Market is segmented by Type of Biomaterial (Natural Biomaterial, Metallic Biomaterial, Ceramic Biomaterial, and Polymeric Biomaterial), Application (Neurology, Cardiology, Orthopedics, Ophthalmology, Wound Care, Dental, Plastic Surgery and Other Applications), and Geography (North America, Europe, South America, Asia-Pacific and Middle East and Africa). The report offers the value (in USD million) for all the above segments.

Biomaterials Industry Overview

Biomaterials Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 13.69 %

Major Players

Biomaterials Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Biomaterials Market Analysis

The Biomaterials Market is poised to grow at a CAGR of 13.69% over the forecast period, 2022-2027.

The COVID-19 pandemic is expected to have a significant impact on the market. Only emergency procedures have been allowed in medical care settings, which is likely to decline in the market in 2020. According to a study published in the British Journal of Surgery, in May 2020, based on a 12-week period of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries, worldwide, may be canceled or postponed in 2020. Moreover, according to a research study published in July 2020 by Ana C. Gonzales-Luna et. al., a reduction in the pacemaker implant of 73 was observed during the COVID-19 pandemic period, and a reduction of 78% of patients with the diagnosis of complete or high-grade atrioventricular block and a reduction in the de-novo pacemaker implant was observed, regardless of the etiology. The study was in the landscape of Peru and shows the impact of COVID-19 on the implant procedures in the country. According to a study conducted by the International Consortium, in May 2020, more than 580,000 planned surgeries in India may be canceled or delayed, due to the COVID-19 pandemic. Moreover, research suggests that orthopedic procedures are expected to be canceled most frequently, with 6.3 million orthopedic surgeries canceled, worldwide.

Certain factors that are driving the growth of this market are new innovations in the field of biomaterials, growing implant devices and plastic surgery market, and increasing applications of biomaterials in wound care/ sports injury. The high burden of musculoskeletal disorders like arthritis, dental diseases, accidents and other diseases or health conditions are expected to increase the demand of the implant devices around the world, which is expected to boost growth in the biomaterials market over the forecast period of the study. For instance, according to a research study published in December 2020, titled “The prevalence of rheumatoid arthritis in Spain”, the estimated prevalence of the rheumatoid arthritis in Spain was 0.82%, with the mean age of 60.48 years and rheumatoid arthritis was more prevalent in women as compared to men, and as arthritis is majorly common in geriatric population, the growing global geriatric population is further expected to increase the burden of the arthritis which is expected to have a positive impact on the growth of the studied market. As per a March 2020 update by the World Health Organization (WHO), it is estimated that oral diseases affect nearly 3.5 billion people worldwide and severe periodontal (gum) disease, which may result in tooth loss, is also very common, with almost 10% of the global population affected and this might lead to increase in the demand for the dental implants, driving growth in the biomaterials market.

However, growing number of plastic surgery expected to boost the market growth. According to the 2020 report of the International Society of Aesthetic Plastic Surgery (ISAPS), in 2020, 10.13 million surgical procedures were performed around the world as compared to 11.36 million surgical procedures in previous year. The decline in the number of surgical procedures was due to the COVID-19 pandemic as before that the number of plastic surgery procedures were on the rise, their demand is expected to grow as the number of procedures increases and studied market will grow.

Thus, all aforemention factors expected to boost the market growth over the forecast period. However, compatibility issue and strigent guideline restraint the market growth.

Biomaterials Industry Segments

Biomaterials are substances that have been engineered to interact with biological systems for a medical purpose, either a therapeutic (treat, augment, repair, or replace a tissue function of the body) or a diagnostic one. The Biomaterials Market is segmented by Type of Biomaterial (Natural Biomaterial, Metallic Biomaterial, Ceramic Biomaterial, and Polymeric Biomaterial), Application (Neurology, Cardiology, Orthopedics, Ophthalmology, Wound Care, Dental, Plastic Surgery and Other Applications), and Geography (North America, Europe, South America, Asia-Pacific and Middle East and Africa). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for all the above segments.

By Type of Biomaterial
Natural Biomaterial
Metallic Biomaterial
Ceramic Biomaterial
Polymeric Biomaterial
By Application
Neurology
Cardiology
Orthopedics
Ophthalmology
Wound Care
Dental
Plastic Surgery
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Biomaterials Market Trends

This section covers the major market trends shaping the Biomaterials Market according to our research experts:

The Dental Application Segment is believed to Witness the Fastest Growth

Dental biomaterials include metals, polymers, ceramics, and composites. The growing burden of dental diseases such as periodontal disease, tooth decay, oral cancer, halitosis, and dental caries are driving the demand for dental implants worldwide, which is expected to fuel growth in the studied market. According to the March 2022 update of the World Health Organization, caries of permanent teeth affects an estimated 2 billion individuals worldwide, while caries of primary teeth affect 520 million children. Also, as per the same source, oral disease prevalence continues to rise in most low- and middle-income nations, mainly to increased urbanization and changes in living conditions which is expected to increase the demand for dental implants and biomaterials and thus, the dental segment is expected to grow over the forecast period of the study.

Dental caries is a progressive infectious disease, and untreated dental caries in the elderly population can significantly impact the quality of life of older people around the world, which is a leading factor driving the growth in the studied market. For instance, according to the research study published in the International Journal of Environmental Research and Public Health, in October 2021, titled “A Systematic Review on Caries Status of Older Adults,” the prevalence and incidence of caries in elderly patients are the highest as compared to other age caries prevalence of 50% or more in their older adult population. Untreated caries varied among continents, with the highest prevalence found in Asia and Africa. In older adults, the prevalence of dental caries varied from 25% in Australia to 99% in South Africa, while the prevalence of root caries varied from 8% in Finland to 74% in Brazil. which is also expected to have a significant impact on the growth of the dental segment.

Furthermore, various strategies adopted by the key market players support the market expansion. For Instance, in January 2020, Pulpdent Corporation, dental research, and manufacturing company based in the Greater Boston area, launched their ACTIVA Presto dental material. The new white dental filling material mimics the properties of natural teeth. Thus, the above-mentioned factors are expected to boost the segment growth.

Biomaterials Market: Estimated Research Funding for DentalOral and Craniofacial Disease (in Million), United States, 2019-2023

North America Dominates the Market and Expected to do the Same in the Forecast Period

North America is anticipated to account for a sizeable portion of the global biomaterials market due to the expanding target population, high adoption of cutting-edge products, and the presence of numerous pharmaceutical companies. According to a report by Weinstein Legal, published in March 2020, nearly 30 million children and adolescents participate in youth sports in the country each year.

According to the 2020 report of the American Society of Plastic Surgeons (ASPS), about 2.3 million cosmetic surgical procedures were performed in 2020. As per the same source, top five cosmetic surgical procedures were nose reshaping, eyelid surgery, facelift, liposuction, and breast augmentation. Also, as per the above-mentioned source, the top five reconstructive procedures that were performed in the United States were tumor removal (5.2 million), laceration repair (386,710), maxillofacial surgery (256,085), scar revision (263,643), and hand surgery (206,928), and as biomaterials and implants are used in cosmetic and reconstructive surgeries, the increase in these procedures is expected to boost growth in the studied market in the United States.

Furthermore, presence of well-established market players and strategic initiatives implemented by these market players along with continuous novel product launches also pave a way for the market growth. in April 2021, Noble Biomaterials announced the launch of Ionic+ fabric solution, Ionic+ Durable. Noble Biomaterials produces advanced material technologies designed for applications in the performance apparel, healthcare, industrial, and emerging wearable technology markets. Similarly, in January 2021, Essent Biologics, a biotechnology company, announced its launch as a new venture to meet the growing need for human-derived biomaterials and data to the regenerative medicine research community.

Thus, in view of the aforementioned factors, the studied market is predicted to grow tremendously over the forecast period in North America.

Biomaterials Market - Growth Rate by Region

Biomaterials Market Competitor Analysis

The biomaterials market is moderately competitive. Some of the companies that are well known in this market are Zimmer Biomet, Corbion NV, Biomet Inc., Noble Biomaterials Inc., and Bayer AG. Currently, with the rising focus of all the companies on emerging economies, some of the small and mid-sized companies are also penetrating the market and competing for market share.

Biomaterials Market Top Players

  1. Koninklijke DSM N.V.

  2. Corbion NV

  3. Biomet Inc.

  4. Noble Biomaterials, Inc.

  5. Bayer AG

*Disclaimer: Major Players sorted in no particular order

Biomaterials Market Concentration

Biomaterials Market Recent Developments

  • In June 2022, Covation Biomaterials, a global company offering bio-based solutions, launched as an independent business, following the acquisition of DuPont Biomaterials by the Huafon Group.
  • April 2022, DuPont revealed that JP Modatex India and DuPont Biomaterials are launched a new spun yarn collection made with a blend of natural fibers and DuPont Sorona staple fibers. The collection brings together linen and partially plant-based Sorona fibers to create spun yarns for use in a variety of applications including dresses, shirting, pants and skirts, denim, and jackets.

Biomaterials Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 New Innovations in the Field of Biomaterials

      2. 4.2.2 Increasing Implant Devices and Plastic Surgery Market

      3. 4.2.3 Increasing Applications of Biomaterials in Wound Care/Sports Injury

    3. 4.3 Market Restraints

      1. 4.3.1 Compatibility Issues

      2. 4.3.2 Stringent Regulatory Guidelines

      3. 4.3.3 High Price of the Implantable Biomaterials

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value USD million)

    1. 5.1 By Type of Biomaterial

      1. 5.1.1 Natural Biomaterial

      2. 5.1.2 Metallic Biomaterial

      3. 5.1.3 Ceramic Biomaterial

      4. 5.1.4 Polymeric Biomaterial

    2. 5.2 By Application

      1. 5.2.1 Neurology

      2. 5.2.2 Cardiology

      3. 5.2.3 Orthopedics

      4. 5.2.4 Ophthalmology

      5. 5.2.5 Wound Care

      6. 5.2.6 Dental

      7. 5.2.7 Plastic Surgery

      8. 5.2.8 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 BASF SE

      2. 6.1.2 Dentsply International

      3. 6.1.3 Noble Biomaterials Inc.

      4. 6.1.4 Biomet Inc.

      5. 6.1.5 Carpenter Technology Corporation

      6. 6.1.6 Bayer AG

      7. 6.1.7 Koninklijke DSM N.V.

      8. 6.1.8 Corbion NV

      9. 6.1.9 Berkeley Advanced Biomaterials Inc.

      10. 6.1.10 Victrex PLC

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Biomaterials Market Research FAQs

The Global Biomaterials Market is studied from 2018 - 2028.

The Global Biomaterials Market is growing at a CAGR of 13.69% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Koninklijke DSM N.V., Corbion NV, Biomet Inc., Noble Biomaterials, Inc., Bayer AG are the major companies operating in Global Biomaterials Market.

Global Biomaterials Industry Reports

In-depth industry statistics and market share insights of the Global Biomaterials sector for 2020, 2021, and 2022. The Global Biomaterials research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Global Biomaterials report PDF.

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