The global biomaterial market size attained a value of USD 149.24 Billion in 2023. The market is likely to grow further at a CAGR of 14.10% during the forecast period of 2024-2032 to attain a value of USD 489.17 Billion by 2032.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Biomaterials Market Outlook
*this image is indicative*
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Based on application, the orthopaedics segment is expected to hold a significant share in the global biomaterials industry during the forecast period. This growth can be attributed to the increasing demand for orthopaedic implant surgery as a result of the rising prevalence of orthopaedic disorders, which, in turn, is enhancing the demand for metallic biomaterials for surgical procedures owing to their excellent load-bearing properties. In addition, the increasing investments to develop improved products are also aiding the market. For instance, researchers at the University of Birmingham have created a new thermoplastic biomaterial from a type of nylon. This biomaterial can be shaped using heat and is strong enough to be used as a bone implant. Such developments are expected to drive the market growth in the coming years.
North America is predicted to hold a significant market share in the global biomaterials industry. This surge can be attributed to the favourable initiatives taken by the leading manufacturers and the government in the region to expand the usage of biomaterials in a variety of clinical applications. In addition, the growing geriatric population, which is more susceptible to illnesses and injury, is leading to an increased demand for biomaterials in applications such as cardiovascular and dental implants. For instance, in 2019, the leading biomaterial manufacturer, Zimmer Biomet Holdings Inc, announced the FDA clearance for its new Persona Revision Knee System for the revision knee replacement procedures.
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Biomaterials refer to a substance that is created to interact with biological systems for clinical purposes, which can be therapeutic in order to treat and repair a tissue function of the body or diagnostic. These can be derived from nature or constructed in a lab setting by utilising chemical solutions to use metallic components, polymers, ceramics or composite materials. These are used in biomedical devices that are used to augment or replace a natural body function, such as heart valves or hip implants and are very commonly used in dental applications. Materials such as certain types of metals, ceramics, plastic, glass, and even living cells and tissue can be utilised in the process of creating biomaterials.
By product type, the market is distributed into:
On the basis of application, the industry can be categorised into:
The regional markets for the product include:
Biomaterials are increasingly being developed to provide effective treatment and replacement facilities among patients. Through the use of advanced technological solutions, the leading manufacturers are creating biomaterials that are versatile and can be utilised in varied clinical procedures such as tissue engineering. Moreover, the development of smart biomaterials that have the ability to interact with biological systems and to respond to changes in physiological parameters and external stimuli is also expected to contribute to the market growth. In addition, the rising investments in the expansion of the healthcare infrastructure due to the growing prevalence of chronic illnesses and the rapidly ageing population are also expected to positively impact the market growth.
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The report gives a detailed analysis of the following key players in the global biomaterials market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The biomaterial Market was valued at USD 149.24 Billion in 2023.
The market is expected to grow at a CAGR of 14.10% from 2024 to 2032 to reach a value of USD 489.17 Billion by 2032.
The major drivers of the industry, such as the increased demand for biomaterials in a variety of medical applications, the rising concerns of cardiovascular diseases, the rapidly growing geriatric population, and multifaceted application possibilities of biomaterial technology, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid technological advancements and the heightened investments in the R&D of biomaterials technology.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant product types available in the market are natural biomaterial, metallic biomaterial, ceramic biomaterial, and polymeric biomaterial.
The significant applications of the product include neurology, cardiology, orthopaedics, ophthalmology, wound care, dental, and plastic surgery, among others.
The major players in the industry are Koninklijke DSM N.V., Corbion N.V., Zimmer Biomet, Noble Biomaterials Inc., Bayer AG, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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