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Report Overview

The global biomaterial market size attained a value of USD 149.24 Billion in 2023. The market is likely to grow further at a CAGR of 14.10% during the forecast period of 2024-2032 to attain a value of USD 489.17 Billion by 2032.

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Compound Annual Growth Rate

Value in USD Billion

14.1%

2024-2032


Biomaterials Market Outlook

*this image is indicative*

Biomaterials Market

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Orthopaedics Segment to Augment the Growth of the Global Biomaterials Industry

Based on application, the orthopaedics segment is expected to hold a significant share in the global biomaterials industry during the forecast period. This growth can be attributed to the increasing demand for orthopaedic implant surgery as a result of the rising prevalence of orthopaedic disorders, which, in turn, is enhancing the demand for metallic biomaterials for surgical procedures owing to their excellent load-bearing properties. In addition, the increasing investments to develop improved products are also aiding the market. For instance, researchers at the University of Birmingham have created a new thermoplastic biomaterial from a type of nylon. This biomaterial can be shaped using heat and is strong enough to be used as a bone implant. Such developments are expected to drive the market growth in the coming years.

North America to Occupy a Significant Market Share in the Global Biomaterials Industry

North America is predicted to hold a significant market share in the global biomaterials industry. This surge can be attributed to the favourable initiatives taken by the leading manufacturers and the government in the region to expand the usage of biomaterials in a variety of clinical applications. In addition, the growing geriatric population, which is more susceptible to illnesses and injury, is leading to an increased demand for biomaterials in applications such as cardiovascular and dental implants. For instance, in 2019, the leading biomaterial manufacturer, Zimmer Biomet Holdings Inc, announced the FDA clearance for its new Persona Revision Knee System for the revision knee replacement procedures.

Biomaterials Market By Segments

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Biomaterials: Market Segmentation

Biomaterials refer to a substance that is created to interact with biological systems for clinical purposes, which can be therapeutic in order to treat and repair a tissue function of the body or diagnostic. These can be derived from nature or constructed in a lab setting by utilising chemical solutions to use metallic components, polymers, ceramics or composite materials. These are used in biomedical devices that are used to augment or replace a natural body function, such as heart valves or hip implants and are very commonly used in dental applications. Materials such as certain types of metals, ceramics, plastic, glass, and even living cells and tissue can be utilised in the process of creating biomaterials.

By product type, the market is distributed into:

  • Natural Biomaterial 
  • Metallic Biomaterial
  • Ceramic Biomaterial 
  • Polymeric Biomaterial

On the basis of application, the industry can be categorised into:

  • Neurology
  • Cardiology
  • Orthopaedics
  • Ophthalmology
  • Wound Care
  • Dental
  • Plastic Surgery 
  • Others

The regional markets for the product include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Rapid Technological Advancements to Bolster the Growth of the Global Biomaterials Industry

Biomaterials are increasingly being developed to provide effective treatment and replacement facilities among patients. Through the use of advanced technological solutions, the leading manufacturers are creating biomaterials that are versatile and can be utilised in varied clinical procedures such as tissue engineering. Moreover, the development of smart biomaterials that have the ability to interact with biological systems and to respond to changes in physiological parameters and external stimuli is also expected to contribute to the market growth. In addition, the rising investments in the expansion of the healthcare infrastructure due to the growing prevalence of chronic illnesses and the rapidly ageing population are also expected to positively impact the market growth.

Biomaterials Market By Region

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Key Industry Players in the Global Biomaterials Market

The report gives a detailed analysis of the following key players in the global biomaterials market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Koninklijke DSM N.V.
  • Corbion N.V.
  • Zimmer Biomet
  • Noble Biomaterials Inc.
  • Bayer AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Biomaterials Market Report Snapshots

Biomaterials Market Size

Biomaterials Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The biomaterial Market was valued at USD 149.24 Billion in 2023.

The market is expected to grow at a CAGR of 14.10% from 2024 to 2032 to reach a value of USD 489.17 Billion by 2032.

The major drivers of the industry, such as the increased demand for biomaterials in a variety of medical applications, the rising concerns of cardiovascular diseases, the rapidly growing geriatric population, and multifaceted application possibilities of biomaterial technology, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the rapid technological advancements and the heightened investments in the R&D of biomaterials technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant product types available in the market are natural biomaterial, metallic biomaterial, ceramic biomaterial, and polymeric biomaterial.

The significant applications of the product include neurology, cardiology, orthopaedics, ophthalmology, wound care, dental, and plastic surgery, among others.

The major players in the industry are Koninklijke DSM N.V., Corbion N.V., Zimmer Biomet, Noble Biomaterials Inc., Bayer AG, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • Natural Biomaterial
  • Metallic Biomaterial
  • Ceramic Biomaterial
  • Polymeric Biomaterial
Breakup by Application
  • Neurology
  • Cardiology
  • Orthopedics
  • Ophthalmology
  • Wound Care
  • Dental
  • Plastic Surgery
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Koninklijke DSM N.V.
  • Corbion N.V.
  • Zimmer Biomet
  • Noble Biomaterials Inc.
  • Bayer AG
  • Berkeley Advanced Biomaterials
  • Evonik Industries AG
  • CAM Bioceramics B.V.
  • Carpenter Technology Corporation
  • Grifols, S.A.
  • Invibio Ltd.
  • BASF SE
  • Zimmer Biomet Holdings, Inc.
  • Pfizer Inc, Alkermes
  • Covalon Technologies Ltd.
  • Collagen Matrix, Inc.
  • Corbion
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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124