Biomaterials Market size was valued at USD 40.66 Bn. in 2022 and the total Biomaterials revenue is expected to grow by 7% from 2023 to 2029, reaching nearly USD 65.3 Bn.
Biomaterials Market Overview:
The market research study analyses and assesses the Biomaterials Market position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis.
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Biomaterials Market Scope:
Using both primary and secondary research approaches, we researched the Biomaterials Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Biomaterials Market Segmentation:
Depending on Type The polymer product category dominated the market in terms of revenue in 2022 with a share of 30.2% and is projected to maintain its dominance throughout the forecast period due to the broad range of product applications. The segment’s revenue growth is also anticipated to be boosted by the wide availability of biopolymers and advanced polymers for bio-resorbable tissue fixation and other orthopedic applications. One of the main components of tissue engineering is polymeric biomaterials. Increased usage of polymeric materials in tissue engineering is largely due to ongoing developments in technologies like micromanufacturing, surface modification, drug delivery, nanotechnology, and high-throughput screening.
The Dental Application Segment is predicted to grow the quickest in terms of Application.
Dental biomaterials can include metals, polymers, ceramics, and composites. Global demand for dental implants is rising due to the increased incidence of dental diseases such periodontal disease, tooth decay, oral cancer, halitosis, and dental caries, which is projected to propel growth in the market under study. The World Health Organization reported in March 2022 that 520 million children worldwide suffer from primary tooth decay, compared to an anticipated 2.2 billion adults worldwide who suffer from permanent tooth decay.
The same source claims that growing urbanization and alterations in living conditions are mostly to blame for the growth in oral disease prevalence in most low- and middle-income countries.
Biomaterials Market Size and Forecast, by Type (2022-2029)
1. Natural Biomaterial
2. Metallic Biomaterial
3. Ceramic Biomaterial
4. Polymeric Biomaterial
Biomaterials Market Size and Forecast, by Application (2022-2029)
1. Dental
2. Neurology
3. Cardiology
4. Orthopedics
5. Ophthalmology
6. Wound Care
7. Plastic Surgery
8. Other Applications
Biomaterials Market Size and Forecast, by Material (2022-2029)
3. Metallic
3. Ceramic
3. Polymers
4. Natural
Biomaterials Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Biomaterials Market Key Players:
The report also focuses on the global main industry players in the Biomaterials Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. The study examines prominent Biomaterials market businesses and ranks them in the market. The following players are featured in this report:
1. Celanese Corporation (US)
2. Lubrizol Corporation (US)
3. Berkeley Advanced Biomaterials (US)
4. Zeus Industrial Products, Inc (US)
5. Noble Biomaterials, Inc (US)
6. Dimension Inx (US)
7. DSM Biomedical(US)
8. Yulex Inc (US)
9. Dentsply Sirona (US)
10. ABK Biomedical (Canada)
11. Olympus Terumo Biomaterials Corp. (Japan)
12. Fuji Micra Inc (Japan)
13. Wright Medical Group N.V. (UK)
14. Invibio Ltd. (UK)
15. BASF SE (Germany)
16. Evonik Industries AG (Germany)
17. Covestro AG (Germany)
18. Corbion (Netherlands)
19. Cam Bioceramics (Netherlands)
20. Optics11 BV (Netherlands)
21. Hycail Oy (Finland)
22. Solvay (Belgium)
23. Biovotec AS (Norway)
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Regional Analysis:
The Biomaterials market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.
COVID-19 Impact Analysis on Biomaterials Market:
The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
Key Questions Answered in the Biomaterials Market Report are:
- What are some of the promising growth opportunities in the global Biomaterials market by product type and Region?
- Which Biomaterials market segments will grow the fastest, and why?
- Which regions will develop quicker?
- What are the elements influencing Biomaterials market?
- What are the Biomaterials market’s business risks?
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