The global biomaterials market size is estimated to be USD 121.4 billion in 2021 and is expected to witness a CAGR of 13.95% during the forecast period. Increasing incidence of chronic skeletal and musculoskeletal medical cases is a key driver responsible for the growth of the global biomaterials market. Additionally, R&D investment by biopharmaceutical companies for the development of novel products, increase in number of implantation & plastic surgeries, and growing demand for biologics for the treatment of chronic diseases are some of the other drivers propelling the market growth. However, high cost of biomaterial product development and risk associated with compatibility of biomaterials are expected to restrain the global market growth.
Global Biomaterials Market Size (USD Million), 2021-2029
Source: Erevna Healthcare
By Material Type
Based on material type, the market is segmented into natural, metallic, ceramic, and polymers. In 2021, the polymers segment accounted for a significant revenue share and is expected to grow with a lucrative CAGR during the forecast period. This can be attributed to the availability of polymer and wide application in tissue engineering and orthopedic implants globally. Natural biomaterials segment is projected to grow at a profitable CAGR during the forecast period. This is attributed to the associated benefits of the bio-product in contrast to synthetic biomaterials. Biomaterials offer benefits such as biodegradability, remodeling, and biocompatibility, thereby increasing their easy adoption in replacement or restoration of structurally and functionally damaged organs or tissues.
By Application
Based on application, the market is categorized into cardiovascular, dental, ophthalmology, wound healing, orthopedic, plastic surgery, tissue engineering, neurology, and others. In 2021, the orthopedic segment accounted for the dominant revenue share due to rising acceptance of metal biomaterials in orthopedic applications. High load-bearing capacity of biomaterial makes them favorable for use in orthopedic application worldwide. The plastic surgery segment is anticipated to grow at a lucrative CAGR during the forecast period due to the increasing number of plastic surgeries and application of biomaterials, thereby growing consumer awareness and adoption of safe plastic surgeries.
Regional Insights
In 2021, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the development and awareness programs initiated by private and public organizations. Additionally, presence of leading biopharmaceutical companies, advanced healthcare infrastructure, and high investments in R&D in this region are fueling the biomaterials market growth. Asia Pacific market is projected to grow at the fastest CAGR over the forecast period owing to the strategic steps implemented by local players to strengthen their presence at a regional and global level.
Competitor Insights
Some of the key players in the biomaterials market are Noble Biomaterials, Inc. (U.S.); Johnson & Johnson (U.S.); Kruger Inc. (Canada); Dentsply Sirona (U.S.); Covalon Technologies Ltd. (Canada); BASF SE (Germany); Victrex plc (U.K.); Carpenter Technology Corporation (U.S.); CAM Bioceramics B.V. (Netherlands) and Evonik Industries AG (Germany). The leading players operating in the biomaterials industry are adopting various strategies including adoption of minimal invasive surgeries, R&D investments, mergers & acquisitions, and regional expansions to capture a maximum revenue share.
This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The biomaterials market report is categorized into the following segments and subsegments:
Biomaterials Market, By Material Type (Revenue, USD Billion, 2021 – 2029)
- Natural
- Metallic
- Ceramic
- Polymers
Biomaterials Market, By Application (Revenue, USD Billion, 2021 – 2029)
- Cardiovascular
- Dental
- Ophthalmology
- Wound Healing
- Orthopedic
- Plastic Surgery
- Tissue Engineering
- Neurology
- Others
Biomaterials Market, By Region (Revenue, USD Billion, 2021 – 2029)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Scope of Biomaterials Market Report:
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Table of Contents: Biomaterials Market 2021-2029
- Research Methodology
- Study Objectives
- Study Scope
- Research Assumptions
- Research Framework
- Research Models
- Bottom-up Approach
- Top-down Approach
- Data Triangulation
- Data Procurement
- Internal Database
- Secondary Research
- Purchased Database
- Primary Research
- Data Analysis
- Data Validation
- Market Size Estimation
- Market Forecast Model
- Quality Assessment
- Research Models
- Introduction: Biomaterials
- Executive Summary
- Global Market Scenario
- Segment Market Scenario
- Geographic Market Scenario
- COVID-19 Impact
- Competitive Landscape
- Market Dynamics
- Market Drivers
- Driver 1
- Driver 2
- Driver 3
- Driver 4
- Driver 5
- Market Restraint
- Restraint 1
- Restraint 2
- Restraint 3
- Restraint 4
- Market Opportunities
- Opportunity 1
- Opportunity 2
- Opportunity 3
- Opportunity 4
- Market Trends
- Trend 1
- Trend 2
- Trend 3
- Trend 4
- Market Challenges
- Challenge 1
- Challenge 2
- Challenge 3
- Challenge 4
- Market Drivers
- Market Environment Analysis
- Porter’s 5 Forces Analysis
- PESTEL Analysis
- Value Chain Analysis
- SWOT Analysis
- Benchmark
- COVID-19 Impact Analysis: Biomaterials Market
- COVID-19: Overview
- COVID-19 Impact on the Global Market
- COVID-19 Impact on the Regional Markets
- Market Analysis by Type of material
- Natural biomaterials
- Natural biomaterialst Market Forecast, 2021-2029 (USD Million)
- Ceramic
- Ceramic Market Forecast, 2021-2029 (USD Million)
- Nutritional development
- Nutritional development Market Forecast, 2021-2029 (USD Million)
- Polymeric biomaterials
- Polymeric biomaterials Market Forecast, 2021-2029 (USD Million)
- Metallic biomaterials
- Metallic biomaterials Market Forecast, 2021-2029 (USD Million)
- Natural biomaterials
- Market Analysis by Application
- Tissue engineering
- Tissue engineering Market Forecast, 2021-2029 (USD Million)
- Wound healing
- Wound healing Market Forecast, 2021-2029 (USD Million)
- Dental
- Dental Market Forecast, 2021-2029 (USD Million)
- Orthopedic
- Orthopedic Market Forecast, 2021-2029 (USD Million)
- Plastic surgery
- Plastic surgery Market Forecast, 2021-2029 (USD Million)
- Cardiovascular
- Cardiovascular Market Forecast, 2021-2029 (USD Million)
- Opthalmology
- Opthalmology Market Forecast, 2021-2029 (USD Million)
- Neurological/ Central nervous system
- Neurological/ Central nervous system Market Forecast, 2021-2029 (USD Million)
- Tissue engineering
- Regional Market Analysis
- Regional Market Trends
- Regional Market: Comparative Analysis
- North America Biomaterials Market
- North America Biomaterials Market
- North America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- S. Biomaterials Market
- S. Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Canada Biomaterials Market
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Canada Market Size and Forecast, 2021-2029 (USD Million)
- S. Market Size and Forecast, 2021-2029 (USD Million)
- North America Market Size and Forecast, 2021-2029 (USD Million)
- North America Biomaterials Market
- Europe Biomaterials Market
- Europe Biomaterials Market
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Germany Biomaterials Market
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- UK Biomaterials Market
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- France Biomaterials Market
- France Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Spain Biomaterials Market
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Italy Biomaterials Market
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Rest of Europe Biomaterials Market
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)
- Italy Market Size and Forecast, 2021-2029 (USD Million)
- Spain Market Size and Forecast, 2021-2029 (USD Million)
- France Market Size and Forecast, 2021-2029 (USD Million)
- UK Market Size and Forecast, 2021-2029 (USD Million)
- Germany Market Size and Forecast, 2021-2029 (USD Million)
- Europe Market Size and Forecast, 2021-2029 (USD Million)
- Europe Biomaterials Market
- Asia Pacific Biomaterials Market
- Asia Pacific Biomaterials Market
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Japan Biomaterials Market
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- China Biomaterials Market
- China Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- India Biomaterials Market
- India Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- South Korea Biomaterials Market
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Market Size and Forecast by Device, 2021-2029 (USD Million)
- Australia Biomaterials Market
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Rest of Asia Pacific Biomaterials Market
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Australia Market Size and Forecast, 2021-2029 (USD Million)
- South Korea Market Size and Forecast, 2021-2029 (USD Million)
- India Market Size and Forecast, 2021-2029 (USD Million)
- China Market Size and Forecast, 2021-2029 (USD Million)
- Japan Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)
- Asia Pacific Biomaterials Market
- Latin America Biomaterials Market
- Latin America Biomaterials Market
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Brazil Biomaterials Market
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Mexico Biomaterials Market
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Argentina Biomaterials Market
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Rest of Latin America Biomaterials Market
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Argentina Market Size and Forecast, 2021-2029 (USD Million)
- Mexico Market Size and Forecast, 2021-2029 (USD Million)
- Brazil Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Market Size and Forecast, 2021-2029 (USD Million)
- Latin America Biomaterials Market
- MEA Biomaterials Market
- MEA Biomaterials Market
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- GCC Biomaterials Market
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- South Africa Biomaterials Market
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Rest of MEA Biomaterials Market
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- Market Size and Forecast by Type of material, 2021-2029 (USD Million)
- Market Size and Forecast by Application, 2021-2029 (USD Million)
- Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)
- South Africa Market Size and Forecast, 2021-2029 (USD Million)
- GCC Market Size and Forecast, 2021-2029 (USD Million)
- MEA Market Size and Forecast, 2021-2029 (USD Million)
- MEA Biomaterials Market
- Competitor Analysis
- Market Share Analysis, 2020 & 2031
- Competitive Mapping
- Key Players Market Place Analysis
- Major Recent Developments
- Company Profiles
- BASF (Germany)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Covestro AG (Germany)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Celanese Corporation (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Corbion (Netherlands)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Royal DSM (Netherlands)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Evonik Industries (Germany)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Carpenter Technology Corporation (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Berkeley Advanced Biomaterials (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Cam Bioceramics B.V. (Netherlands)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- CoorsTek Inc. (US)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- CeramTec (Germany)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Gelita AG (Germany)
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Company 13
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Company 14
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Company 15
- Company Snapshot
- Company Overview
- Financials
- Product Benchmarking
- Recent Developments
- Others Prominent Players
- BASF (Germany)
Conclusion & Recommendations