Biomaterials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global 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 the Middle East and Africa). The Values are Provided in Terms of (In USD) for the Above Segments.

Biomaterials Market Size

Biomaterials
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Study Period 2019 - 2029
Market Size (2024) USD 178 Billion
Market Size (2029) USD 370 Billion
CAGR (2024 - 2029) 13.69 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Biomaterials Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Biomaterials Market Analysis

The Biomaterials Market size is estimated at USD 178 billion in 2024, and is expected to reach USD 370 billion by 2029, growing at a CAGR of 13.69% during the forecast period (2024-2029).

The biomaterials market is poised to register a CAGR of 13.69% over the forecast period.

The COVID-19 pandemic had a significant impact on the market. The decline in non-emergency surgical procedures declined the demand for biomaterials during the pandemic. For instance, in April 2022, Nova Scotia's QEII Health Sciences Centre decided to postpone most non-urgent and elective surgeries due to the increasing number of patients with COVID-19 in the hospital.

As a result, the demand for biomaterials declined during the pandemic. However, the development of various biomaterials and biomedical devices is in demand for detecting and treating coronaviruses and is expected to rise over the forecast period.

In wound care, biomaterials are used to develop advanced dressings, scaffolds, and skin substitutes that enhance wound healing and minimize the risk of infections. They provide a conducive environment for tissue regeneration and promote faster healing. According to an article published by the Taylor & Francis Journal1 in June 2022, various biomaterials, including hydrogels, nanofibrous, composite, foam, spongy, bilayered, and trilayered scaffolds are being developed and fabricated to speed up the healing of chronic wounds. Therefore, the surging adoption of biomaterials for developing various wound healing products will burgeon market growth during the forecast period.

In addition, the rising number of wound injuries coupled with the high prevalence of diabetes is projected to drive market growth during the upcoming period. For instance, as per the data released by the International Diabetes Federation (IDF) in November 2022, approximately 537 million adults worldwide were living with diabetes in 2021. The number is projected to increase to 643 million by 2030 and 783 million by 2045. Therefore, the surging number of diabetic people is leading to growth in the number of wound injuries, thereby augmenting the growth of the biomaterials market.

Furthermore, the increasing number of multiple fractures and several injuries will likely drive market growth during the upcoming period. For instance, as per the data published by the CDC in May 2023, around 300,000 older people are hospitalized annually for hip fractures in the United States. According to the same source, approximately 3 million elderly people are treated in emergency departments for fall injuries every year. Therefore, the rising number of injuries is projected to drive the demand for biomaterials to develop medical implants.

The rising number of car accidents is also associated with traumatic fractures. For instance, according to the data published by Destatis in January 2023, it is estimated that over 29,000 people were injured in traffic accidents in Germany in November 2022. It has also been reported that this number increased by just under 2,400, or 9%, compared with the same month a year earlier, November 2021.

Thus, the factors above are expected to boost market growth over the forecast period. However, compatibility issues and stringent guidelines restrain the market's growth.

Biomaterials Market Trends

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 drives 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 affect an estimated 2 billion individuals worldwide, while caries of primary teeth affect 520 million children annually. Also, as per the same source, oral disease prevalence continues to rise in most low- and middle-income nations, mainly due to increased urbanization and changes in living conditions, which are 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 worldwide, which is a leading factor driving the growth in the studied market.

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 worldwide, a leading factor driving the market growth. According to the March 2022 update of the World Health Organization, caries of permanent teeth affect 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 biomaterials in dental implants and, thus, the dental segment is expected to grow over the forecast period.

In April 2023, ZimVie Inc. announced the recent launches of 2 additions to its biomaterial portfolio, the RegenerOss CC Allograft Particulate, a natural blend of cortical and cancellous bone particles that can be used to fill bony voids in a variety of dental applications, and the RegenerOss Bone Graft Plug, an easy-to-use grafting solution for filling extraction sockets and periodontal defects. Thus, the increasing prevalence of dental diseases and product launches by the key players may create opportunities for the market, owing to which considerable segment growth is expected over the forecast period.

Biomaterials Market: Number of Dental Visits (in Million), United Kingdom, 2021

North America is Expected to Hold a Significant Share in Studied 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 numerous pharmaceutical companies.

The rising prevalence of arthritis in the country is projected to drive the demand for biomaterials during the forecast period. For instance, according to the study published in the Journal of Scientific Reports in August 2022, osteoarthritis (OA) is a common disease among the elderly, affecting an estimated 27 million adults in the United States each year. Furthermore, the number of sports-related injuries is also high in the country, resulting in foot and ankle injuries, which is expected to drive the demand for biomaterials during the forecast period.

Moreover, the presence of various Ambulatory Surgical Centers (ASCs) nationwide in the United States to perform spinal surgeries is also driving the market growth in the country. For Instance, Becker's Healthcare data updated in February 2023 showed that more than 183 ASCs in the United States perform minimally invasive spine surgery (MISS). ASCs perform a wide range of outpatient surgical procedures, increasing the demand for biomaterials used in these surgeries. With a focus on cost-effectiveness and minimally invasive procedures, ASCs require biomaterials that offer affordable solutions and enable faster recovery. 

The growing popularity of ASCs as a convenient alternative to traditional hospital settings creates opportunities for biomaterial manufacturers to cater to their specific needs and contribute to the growth of the biomaterials market.

Technological advancements in biomaterials, like developing bioinert, bioactive, and bioabsorbable materials, are boosting the biomaterials market in the United States. Recently, many companies shifted from natural to synthetic origin biomaterials, like polyvinyl chloride (PVC), polypropylene, polymethyl methacrylate, and polyetheretherketone (PEEK), that are used in implants, disposable medical supplies, and dressings, among others.​

For instance, Simplify Medical (Sunnyvale, Calif) in the United States created a PEEK-based spinal implant, Simplify Disc, for cervical disc replacement. The thinness of the disk on sale illustrates the mechanical power of PEEK and its wear resistance.​

Thus, given the factors above, the studied market is predicted to grow tremendously in North America over the forecast period.

Biomaterials Market - Growth Rate by Region

Biomaterials Industry Overview

The biomaterials market is moderately competitive. Some of the companies that are well-known in this market are Zimmer Biomet, Corbion NV, 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 Leaders

  1. Koninklijke DSM N.V.

  2. Corbion NV

  3. Noble Biomaterials, Inc.

  4. Dentsply Sirona

  5. Zimmer Biomet

*Disclaimer: Major Players sorted in no particular order

Biomaterials Market Concentration
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Biomaterials Market News

  • In April 2023, ZimVie Inc. announced the recent launches of 2 additions to its biomaterial portfolio: the RegenerOss CC Allograft Particulate, a natural blend of cortical and cancellous bone particles that can be used to fill bony voids in a variety of dental applications, and the RegenerOss Bone Graft Plug, an easy-to-use grafting solution for filling extraction sockets and periodontal defects. 
  • In March 2023, Botiss Biomaterials GmbH received European CE approval for its dental magnesium biomaterial in the field of dentistry, having an ideal mix of properties suited for tissue regeneration.

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 Sirona

      3. 6.1.3 Noble Biomaterials Inc.

      4. 6.1.4 Zimmer Biomet

      5. 6.1.5 Carpenter Technology Corporation

      6. 6.1.6 Cam Bioceramics

      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

      11. 6.1.11 Bezwada Biomedical LLC

      12. 6.1.12 Collagen Solutions LLC

    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 Industry Segmentation

As per the scope of the report, 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 the 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 (USD) 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 Research FAQs

The Biomaterials Market size is expected to reach USD 178 billion in 2024 and grow at a CAGR of 13.69% to reach USD 370 billion by 2029.

In 2024, the Biomaterials Market size is expected to reach USD 178 billion.

Koninklijke DSM N.V., Corbion NV, Noble Biomaterials, Inc., Dentsply Sirona and Zimmer Biomet are the major companies operating in the Biomaterials Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Biomaterials Market.

In 2023, the Biomaterials Market size was estimated at USD 153.63 billion. The report covers the Biomaterials Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Biomaterials Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Biomaterials Industry Report

Statistics for the 2024 Biomaterials market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Biomaterials analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Biomaterials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)