Top 7 Companies in the Global Polymeric Biomaterials Market in 2024

The global polymeric biomaterials market is expected to grow at a CAGR of 15.70% during the forecast period of 2024-2032, driven by the increasing healthcare needs and medical technology innovations across the globe.

Polymeric biomaterials are versatile materials obtained from natural or synthetic polymers. They are designed specifically for medical and biological applications. The material acts exactly like the human tissue giving support, strength, and function in numerous implantable devices. These are used mainly in drug delivery systems, tissue engineering, and wound healing, providing biocompatibility, flexibility, and the ability to degrade safely in the body.

The global polymeric biomaterials market is growing rapidly due to rising healthcare demands and advancements in medical technology. Innovations in biocompatible and biodegradable polymers are expanding market opportunities, particularly in orthopedic, cardiovascular, and wound care applications. Additionally, the increasing prevalence of chronic diseases and the growing preference for minimally invasive treatments are further boosting market growth. 

In June 2023, International Flavors & Fragrances Inc. launched its Designed Enzymatic Biomaterials (DEB) technology to address the growing demand for sustainable, high-performance biopolymers. This innovation is expected to significantly contribute to the growth in the global polymeric biomaterials market as manufacturers look for more eco-friendly alternatives to fossil-based synthetic polymers.

Let’s explore the profile of top companies leading the global polymeric biomaterials market in 2024.

1.    Corbion NV

Corbion is a leading company in the global market of polymeric biomaterials, manufacturing bioresorbable polymers branded as PURASORB®. These polymers play a crucial role in a wide range of biomedical applications such as drug delivery, tissue regeneration, and medical devices. It supports health innovators to speed up their product development while delivering high-quality, sustainable, and patient-friendly solutions. Their cutting-edge polymer technologies are behind huge breakthroughs in patient care and support the growth of the biomaterial sector.

2.    Bezwada Biomedicals, LLC

Bezwada Biomedical focuses on innovative polymeric biomaterials, especially absorbable polymers with improved functionality. These include hydrolyzable polyurethanes with tunable properties, synthetic polymers derived from natural amino acids, and functionalized natural products like isoflavonoid . All these materials are prepared for controlled drug release and antimicrobial applications, expanding the possibilities of therapy. They aim to improve medical devices by integrating functional features into their biocompatible and high-performing polymer scaffolds.

3.    Covestro AG

Covestro is one of the leading companies in the market, specializing in high-performance materials with sustainability as a key feature. Their portfolio of partially bio-based thermoplastic polyurethanes, Desmopan® EC, saves carbon footprint without compromising any premium qualities, such as flexibility or wear resistance. Biobased TPUs have applications across various sectors such as the medical sector, footwear, and others. The company has focused on innovation and sustainability and is working towards creating more environmentally friendly polymer solutions that may fulfill the growing demand for greener biomaterials.

4.    Evonik Industries AG

Evonik Industries AG is one of the leading providers of innovative biomaterials and solutions for medical technology. The company specializes in sustainability and customization, with a portfolio of materials ranging from biodegradable polymers like Resomer® to biocompatible PEEK polymers such as VESTAKEEP®. The materials of the company are suitable for applications in orthopedics, dental care, and medical devices. The development of safer and more effective medical solutions is supported by the company's efforts in advancing medical technology.

5.    Invibio Ltd.

Invibio specializes in high-performance polymer solutions, especially PolyEtherEtherKetone (PEEK). With over 40 years of experience, it is leading innovation in the polymeric biomaterials market and offering advanced materials used in medical applications such as spinal fusion, orthopedic solutions, and dental implants. Their PEEK polymers help in providing medical devices with exceptional strength, durability, and biocompatibility. They accelerate product development through collaboration and technical support while meeting the required standards.

6.    International Polymer Engineering

International Polymer Engineering, or IPE, is a Tempe, Arizona-based company that offers specialized advanced polymeric biomaterials. The company supplies high-performance, expanded Polytetrafluoroethylene (ePTFE) solutions used in medical and industrial applications including biopsy channels, facial implants, dental implants, and water treatment systems. IPE is devoted to precision-engineered OEM parts, which ensures quality and creativity. Focusing on wide-ranging industries, they serve the healthcare, filtration, and aeration sectors via their custom-designed solutions.

7.    REVA Medical LLC

REVA Medical is a company that develops bioresorbable polymer technologies for vascular applications. It works at the forefront of restoration, using advanced biomaterials to restore patient health and developing implantable medical devices. The company includes products for the treatment of peripheral artery disease with MOTIV bioresorbable scaffold, Tyrocore, and others. These are safe and effective in providing a resorbable therapeutic solution within the body. REVA Medical continues to innovate new vascular therapies with developments involving bioresorbable scaffolds and embolic microspheres.