Global Biomaterials Market Is Expected To Reach Around $99.65 Billion By 2032

Zion Market Research has published a new report titled “Biomaterials Market by Type (Metallic, Natural, Ceramics, and Polymer) and by Application (Ophthalmology, Cardiovascular, Orthopedic, Wound Healing, Tissue Engineering, Plastic Surgery, Neurology, Dental, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032”. According to the report, the global biomaterials market was over USD 47.15 billion in 2023 and is predicted to grow to around USD 99.65 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.67% between 2024 and 2032.

A biomaterial is any material that is engineered to aids biological systems in therapeutic or diagnostic purposes. A biomaterial is non-viable in nature, which is used in medical devices. The rapidly growing healthcare sector is expected to drive the global biomaterials market in the future. Biomaterials have applications in various products, such as contact lenses, skin repair, blood vessel prosthesis, gene transfer, drug delivery, and dental. This is the primary factor expected to propel the growth of the global biomaterial market over the forecast time period.

Moreover, the growing awareness about advanced technology, rising aging population base, increasing prevalence of chronic diseases are some other factors driving the biomaterials market globally. Furthermore, continuous research and development activities for bioinert and innovative material are anticipated to generate new growth opportunities for the biomaterials market in the future.

Browse the full “Biomaterials Market by Type (Metallic, Natural, Ceramics, and Polymer) and by Application (Ophthalmology, Cardiovascular, Orthopedic, Wound Healing, Tissue Engineering, Plastic Surgery, Neurology, Dental, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032” Report at https://www.zionmarketresearch.com/report/global-biomaterials-market

The global biomaterials market is categorized into type and application. On the basis of type, the global biomaterials market includes metallic, natural, ceramics, and polymers. The metallic segment accounted for the largest share in the global biomaterials market in 2018. The distinct properties of metallic biomaterials, such as strength, biocompatibility, and resistance to splintering, make them appropriate for several medical applications, such as cardiovascular, orthopedic, dentistry and wound healing. Followed by metallic, the polymers segment held the second position in the global market.

The polymers segment comprises a material made of polyethylene, silicone elastic, nylon, polyester, PLGA, polyvinyl chloride, etc. The natural biomaterials segment is expected to register a high CAGR in the market in the future, owing to the rising demand for natural biomaterials as they are made of animal- and plant-based materials.

By application, the biomaterials market includes ophthalmology, cardiovascular, orthopedic, wound healing, tissue engineering, plastic surgery, neurology, dental, and others. The orthopedic segment held the largest share of the global biomaterials market in 2018, due to the growing use of biomaterial implants in orthopedic surgeries.

By region, North America is estimated to account for a major share of the global biomaterials market and remain dominant over the forecast time period. This can be attributed to the increasing aging population base in the region and growing biomaterials demand for plastic surgery, neurology, wound healing. The Asia Pacific region is expected to register notable growth in the global biomaterials market in the upcoming years. This can be due to the growing incidences of chronic diseases and raising awareness about biomaterials. China and India accounted for major shares in the Asia Pacific biomaterials market in the year 2018.

Biomaterials Market: Competitive Analysis

The global biomaterials market is dominated by players like:

• Berkeley Advanced Biomaterials
• AdvanSource Biomaterials
• DePuy Orthopaedics
• Collagen Matrix
• Invibio
• Angiotech Pharmaceuticals
• Dentsply International
• Zimmer Biomet
• Orthovita
• Cam Bioceramics
• Wright Medical Group

This report segments the global biomaterials market into:

Global Biomaterials Market: Type Analysis

• Metallic
• Ceramics
• Natural
• Polymer

Global Biomaterials Market: Application Analysis

• Cardiovascular
• Ophthalmology
• Dental
• Orthopedic
• Wound Healing
• Tissue Engineering
• Plastic Surgery
• Neurology
• Others

Global Biomaterials Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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