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The Biomaterials market is segmented by Type of Biomaterial (Natural Biomaterial, Metallic Biomaterial, Ceramic Biomaterial, Polymeric Biomaterial), Application, and Geography
Fastest Growing Market:
The global biomaterials market is expected to register a CAGR of 13.69%. Certain factors that are driving the growth of this market are new innovations in the field of biomaterials, increasing implant devices and plastic surgery market, and increasing applications of biomaterials in wound care/ sports injury.
Various types of biomaterials, such as bioinert, bioactive, bioabsorbable, etc., have been developed to serve particular purposes in various applications. For example, bioinert biomaterials are developed to be inert or inactive when introduced into the body. The purpose is to prevent blood clotting by providing a surface in vascular surgery. The development of each unique type of biomaterial widened the area of application, and in turn, broadened the revenue generation in the market. In recent times, a wide range of biomaterials has been invented, such as the metallic, ceramic polymeric, and natural biomaterials. Each of these types has given rise to applications in specialty areas, ranging from neurology to plastic surgery.
The use of biomaterials in drug delivery is one promising application that is making its mark in the market studied. As new and improved biomaterials are being developed, their applications are widening. These applications provide multiple revenue generating sources in the market studied. In the coming years, more inventions and improvements in biomaterials are expected to drive the growth of the market studied.
Biomaterials are substances that has 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.
|By Type of Biomaterial|
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The biomaterials market is growing at a fast rate in India. Orthopedic, dental, and cardiovascular biomaterials have a considerable share in the Indian biomaterials market. The increasing orthopedic procedures, dental surgeries, and cardiovascular surgeries are the reasons for high market shares for orthopedic and cardiovascular biomaterial products.
Due to the high prevalence of cardiac disorders and increasing pacemaker procedures in India, the market for pacemakers is expected to have a consistent demand and steady growth rate during the forecast period.
Medtronic is a market leader in pacemakers. There is a high rate of angioplasty with stent placement and a parallel demand for the same. The Indian biomaterials market is experiencing growing demand for bone graft substitutes and the market studied for the same is anticipated to rise during the forecast period.
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The biomaterials market is moderately competitive. Some of the companies that are well known in this market are Koninklijke DSM N.V., 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 in the market and competing for market share.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 New Innovations in the Field of Biomaterials
4.2.2 Increasing Implant Devices and Plastic Surgery Market
4.2.3 Increasing Applications of Biomaterials in Wound Care/ Sports Injury
4.3 Market Restraints
4.3.1 Compatibility Issues
4.3.2 Stringent Regulatory Guidelines
4.3.3 High Price of the Implantable Biomaterials
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type of Biomaterial
5.1.1 Natural Biomaterial
5.1.2 Metallic Biomaterial
5.1.3 Ceramic Biomaterial
5.1.4 Polymeric Biomaterial
5.2 By Application
5.2.5 Wound Care
5.2.7 Plastic Surgery
5.2.8 Other Applications
5.3.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.4 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
5.3.5 South America
126.96.36.199 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 BASF SE
6.1.2 Dentsply International
6.1.3 Noble Biomaterials Inc.
6.1.4 Biomet Inc.
6.1.5 Carpenter Technology Corporation
6.1.6 Bayer AG
6.1.7 Royal DSM
6.1.8 Corbion NV
6.1.9 Berkeley Advanced Biomaterials Inc.
6.1.10 Victrex PLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments