Biomaterials Market Size, Share, Trends, Demand, Growth 2032

Biomaterials Market: Overview

The global biomaterials market size was worth around 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.

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The report offers valuation and analysis of Biomaterials market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

Biomaterials Market: Introduction

The biomaterial is a synthetic or naturally extracted substance utilized in medical fraternity for enhancing the functions of damaged organs & tissues. These substances are utilized for interacting with biological tools for medical purpose. They are also used in medical treatment of orthopedic, heart, neurological, and dental ailments. It is also utilized in tissue engineering, drug delivery equipment, medical implant, and plastic surgery. In addition to this, launching of new bio-materials like ceramic polymeric, natural, and metallic bio-materials will pave a way for the expansion of the biomaterials industry over the forecast timeline.

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Biomaterials Market: Growth Dynamics

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 and is intended to interact with biological systems. Biomaterials possess biocompatibility, i.e., the ability to generate an appropriate host response in specific applications.

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. Additionally, the growing competition among the key market players operating for the development of innovative solutions is also anticipated to fuel the global biomaterials market in the years ahead.

A rise in the use of biomaterials in biomed engineering research activities as well as bio-mineralization will prompt the business growth. In addition to this, bio-materials are utilized massively in bio-molecule development and this will create lucrative growth avenues for the industry over the forecasting timespan. Apart from this, a surge in the awareness pertaining to benefits accrued due to use of biomaterials will propel the business space over the estimated timeline. Nonetheless, huge biomaterial production costs and side-effects observed due to use of bio-materials will put brakes on the growth of biomaterials industry over the forecast timespan.

Biomaterials Market : Report Scope

it is also utilized during vascular surgeries for preventing blood clotting. Apparently, utilization of the product in drug delivery systems will generate humungous growth prospects for biomaterials industry over the forthcoming years. In addition to this, the product finds massive penetration in dental, orthopedic, neurology, and would healing activities, thereby further driving market trends.

Biomaterials Market: Segmentation

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 2024. 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.

By Application, the biomaterials market includes ophthalmology, cardiovascular, orthopedic, wound healing, tissue engineering, plastic surgery, neurology, dental, and others.

North America To Account Majorly Towards Overall Industry Size By 2032

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 rising awareness about biomaterials. China and India accounted for major shares in the Asia Pacific biomaterials market in the year 2018.

The expansion of the business in the sub-continent over the assessment timespan is due to massive rise in the geriatric populace prone to heart disorders as well as other chronic ailments. In addition to this, rise in the use of the product in plastic surgery, wound healing, and neurology will inflate the market proceeds over the forecast timeline. Surge in the funding made by the government in bio-material production in the countries like Canada and the U.S. will steer the regional market size over the projected timeline.

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa