Global biomaterials market is expected to register substantial rate of growth during the forecast period owing to factors like increasing geriatric population, rapidly growing healthcare sector and its wider use in various products and applications, such as contact lenses, skin repair, blood vessel prosthesis, gene transfer, drug delivery, and dental.
Biomaterials are artificially derived synthetic or natural materials which are used to interact with biological systems for medical purposes and treatments. They are often used in medical applications to augment or replace a natural function. The biomaterial market is anticipated to grow significantly during the next five years due to discoveries in tissue engineering, regenerative medicine, and more.
The global biomaterials market is segmented based on
By region, North America dominates the biomaterials market owing to the initiatives undertaken by several public and private organizations in the region. Also, factors such as favorable government policies and presence of major market players made the region dominant in terms of revenue share in 2020. However, Asia-Pacific region is expected to register highest CAGR in the coming years due to a large population base in countries like India and China coupled with growing incidences of chronic diseases and rising awareness about biomaterials in the region.
Major players operating in the global biomaterials market include Celanese Corporation, Covestro AG, BASF SE, Medtronic Plc., Zimmer Biomet Holdings, Inc., Covalon Technologies Ltd., Berkeley Advanced Biomaterials, Inc., Koninklijke DSM N.V., Evonik Industries AG, Xylos Corporation and others. The market players are focusing on new researches as well as merger and acquisitions to make a strong foothold in the global market of biomaterials.
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022–2026
Objective of the Study
- To analyze and forecast the market size of global biomaterials market.
- To classify and forecast global biomaterials market based on material type, application, company, and regional distribution.
- To identify drivers and challenges for global biomaterials market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global biomaterials market.
- To identify and analyze the profile of leading players operating in global biomaterials market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of companies across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the companies which could not be identified due to the limitations of secondary research. Market insights research analyzed the companies, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Biomaterials companies, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to biomaterials
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as companies, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
