The global Biomaterials Market is set to gain impetus from the increasing usage of a wide variety of biomaterials because of their clinical efficiencies. They also provide several benefits in wound healing applications. Fortune Business Insights™ published this information in a recent report, titled, “Biomaterials Market and Industry Analysis, By Material (Metallic Biomaterials, Ceramic Biomaterials, Polymers, and Natural Biomaterials), By Application (Cardiovascular, Dental, Orthopedic, Plastic Surgery, Urology, Gastroenterology, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the biomaterials market size was USD 110.0 billion in 2019 and is projected to reach USD 245.6 billion by 2027, thereby exhibiting a CAGR of 12.2% during the forecast period from 2020–2027.
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Rising Usage of Natural & Synthetic Biomaterials for Cardiac Repair to Aid Growth
Cardiovascular diseases are considered to be one of the major causes of death worldwide. Even though there are multiple pharmacological and surgical interventions that can be applied to enhance the quality of life of the patients affected by such diseases, less-invasive and cost-effective procedures are always more preferable. Both synthetic and natural biomaterials showcase high potential in cardiac regeneration and repair. Nowadays injectable biomaterials are used the most as they preserve cardiac functions, increase angiogenesis, and reduce left ventricular dilatation. However, there are numerous strict regulatory and clinical processes that the biomaterial-based devices have to go through to ensure their quality and efficacy. It may hamper the implantable biomaterials market growth.
Leading Players operating in the Biomaterials Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Invibio Ltd
- Wright Medical Technology, Inc.
- Evonik Industries AG
- Zimmer Biomet
- DePuy Synthes Companies
- DSM Biomedical, Inc.
- Corbion NV
- Other Players
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Metallic Biomaterials Segment to Lead Backed by Usage in Several Medical Applications
In terms of material, the metallic biomaterials segment held 30.1% market share in 2019 and is likely to lead throughout the forthcoming period. They are specially developed to deliver internal support to biological tissues. They are mainly used for orthopedic fixations, stents, dental implants, and joint replacements. In addition to that, they possess various mechanical properties, such as swiftness. These make them best suited for load-bearing implants.
Regional Analysis-
North America to Dominate Owing to High Government Funding in Development Activities
Based on geography, the market is segregated into the Middle East & Africa, Asia Pacific, North America, Latin America, and Europe. Out of these, North America is set to dominate the market. It had procured USD 44.83 billion revenue in 2019. This growth is attributable to the increasing funding by the governments of various countries in this region in development activities. Apart from this, the rising number of new product launches by industry giants, as well as higher incidence orthopedic replacements and cardiovascular diseases would contribute to the growth of the market in this region. Europe is anticipated to remain in the second position fueled by the emergence of innovative products in this region.
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Competitive Landscape-
Key Players Aim to Gain Competitive Edge by Acquiring Other Companies
The market houses a large number of enterprises that are presently focusing on the strategies of acquisitions and achieving fast track approvals from the regulatory bodies for new biomaterials. Below are a couple of the latest key industry developments:
- November 2019: DiFusion, a biotechnology company based in Texas, bagged the 510K clearance from the USFDA. It was meant for the company’s Xiphos-ZF spinal interbody device. The device is created from ZFUZE, a new biomaterial that has proven to reduce Interleukin 6 and Interleukin 1-Beta significantly. It has also exhibited M2 macrophage response.
- December 2019: Advanced Medical Solutions (AMS), developer and manufacturer of technologically advanced and unique products for advanced wound care and surgical markets, successfully acquired Biomatlante, a surgical biomaterial technologies company. The total deal is worth €8 million. This new acquisition would aid AMS in strengthening its market access, R&D pipeline, and portfolio.
Table of Content:
1 Biomaterials Market Overview
1.1 Biomaterials Product Overview
1.2 Biomaterials Market Segment by Type
1.3 Global Biomaterials Market Size by Type (2015-2027)
1.3.1 Global Biomaterials Market Size Overview by Type (2015-2027)
1.3.2 Global Biomaterials Historic Market Size Review by Type (2015-2021)
1.3.2.1 Global Biomaterials Sales Market Share Breakdown by Type (2015-2027)
1.3.2.2 Global Biomaterials Market Share Breakdown by Type (2015-2027)
1.3.2.3 Global Biomaterials Average Selling Price (ASP) by Type (2015-2027)
1.3.3 Global Biomaterials Market Size Forecast by Type (2021-2027)
1.3.3.1 Global Biomaterials Sales Market Share Breakdown by Application (2021-2027)
1.3.3.2 Global Biomaterials Revenue Market Share Breakdown by Application (2021-2027)
1.3.3.3 Global Biomaterials Average Selling Price (ASP) by Application (2021-2027)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Biomaterials Sales Breakdown by Type (2015-2027)
1.4.2 Europe Biomaterials Sales Breakdown by Type (2015-2027)
1.4.3 Asia-Pacific Biomaterials Sales Breakdown by Type (2015-2027)
1.4.4 Latin America Biomaterials Sales Breakdown by Type (2015-2027)
1.4.5 Middle East and Africa Biomaterials Sales Breakdown by Type (2015-2027)
2 Global Biomaterials Market Competition by Company
2.1 Global Top Players by Biomaterials Sales (2015-2021)
2.2 Global Top Players by Biomaterials Revenue (2015-2021)
2.3 Global Top Players Biomaterials Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Biomaterials Manufacturing Base Distribution, Sales Area, Product Type
2.5 Biomaterials Market Competitive Situation and Trends
2.5.1 Biomaterials Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Biomaterials Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Biomaterials as of 2019)
2.7 Date of Key Company Enter into Biomaterials Market
2.8 Key Company Biomaterials Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Biomaterials Status and Outlook by Region (2015-2027)
3.1 Global Biomaterials Market Size and CAGR by Region: 2015 VS 2021 VS 2027
3.2 Global Biomaterials Market Size Market Share by Region (2015-2021)
3.2.1 Global Biomaterials Sales Market Share by Region (2015-2021)
3.2.2 Global Biomaterials Revenue Market Share by Region (2015-2021)
3.2.3 Global Biomaterials Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Biomaterials Market Size Market Share by Region (2021-2027)
3.3.1 Global Biomaterials Sales Market Share by Region (2021-2027)
3.3.2 Global Biomaterials Revenue Market Share by Region (2021-2027)
3.3.3 Global Biomaterials Sales, Revenue, Price and Gross Margin (2021-2027)
3.4 North America Biomaterials Market Size By Growth (2015-2027)
3.4.1 North America Biomaterials Revenue By Growth (2015-2027)
3.4.2 North America Biomaterials Sales By Growth (2015-2027)
3.5 Asia-Pacific Biomaterials Market Size By Growth (2015-2027)
3.5.1 Asia-Pacific Biomaterials Revenue By Growth (2015-2027)
3.5.2 Asia-Pacific Biomaterials Sales By Growth (2015-2027)
3.6 Europe Biomaterials Market Size By Growth (2015-2027)
3.6.1 Europe Biomaterials Revenue By Growth (2015-2027)
3.6.2 Europe Biomaterials Sales By Growth (2015-2027)
3.7 Latin America Biomaterials Market Size By Growth (2015-2027)
3.7.1 Latin America Biomaterials Revenue By Growth (2015-2027)
3.7.2 Latin America Biomaterials Sales By Growth (2015-2027)
3.8 Middle East and Africa Biomaterials Market Size By Growth (2015-2027)
3.8.1 Middle East and Africa Biomaterials Revenue By Growth (2015-2027)
3.8.2 Middle East and Africa Biomaterials Sales By Growth (2015-2027)
4 Global Biomaterials by Application
4.1 Biomaterials Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Biomaterials Sales by Application: 2015 VS 2021 VS 2027
4.3 Global Biomaterials Historic Sales by Application (2015-2021)
4.4 Global Biomaterials Forecasted Sales by Application (2021-2027)
4.5 Key Regions Biomaterials Market Size by Application
4.5.1 North America Biomaterials by Application
4.5.2 Europe Biomaterials by Application
4.5.3 Asia-Pacific Biomaterials by Application
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