Biomaterials Market Size, Share, Growth & Forecast 2031

Segments - Biomaterials Market by Types (Natural Biomaterials, Metallic Biomaterials, Ceramic Biomaterials, and Polymeric Biomaterials), Applications (Neurology, Cardiology, Orthopedics, Ophthalmology, Wound Care, Dental, Plastic Surgery, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

Biomaterials Market Outlok 2031

The global biomaterials market size was valued at USD 39.89 Billion in 2022 and is likely reach to USD 67.39 Billion by 2031, expanding at a CAGR of 6% during the forecast period, 2023–2031. The growth of the market is attributed to the rising trend of implant devices and plastic surgery.

Biomaterials are artificially derived synthetic or natural substances that are engineered to interact with biological systems for a medical purpose to improve the functionality of damaged tissues and organs. These biomaterials are used for treatments of wound care, sports injury, and vascular surgery.

Biomaterials science can be implemented in various advanced medical technologies, such as tissue engineering, drug delivery devices, and other medical implants. Biomaterials are utilized for biomed engineering, bio mineralization, and biomolecules.

The study of biomaterials consists of elements, such as biology, medicine, chemistry, and tissue engineering. Biomaterials can be synthesized in the laboratory by using variety of chemical approaches. Metallic components such as ceramics, polymers or composite materials are used for synthesis.

Market Trends, Drivers, Restraints, and Opportunities

Rising usage of various types of biomaterials, such as bioinert, bioactive, bioabsorbable is expected to spur the market growth during the forecast period.
Increasing number of funds and grants by government bodies is projected to drive the market growth.
Growing applications of biomaterials, ranging from neurology to plastic surgery is anticipated to boost the market expansion in the coming years.
Increasing use of biomaterials in drug delivery is projected to propel the market growth during the forecast period.
Expanding application of biomaterials can create new market avenues in the coming years.
Stringent clinical & regulatory processes are anticipated to hamper the market growth in the coming years.
Increasing R&D investments is expected to create lucrative opportunities for the industry players in the projected timeline.

Scope of Biomaterials Market Report:

The report on the global biomaterials market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Biomaterials Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Natural Biomaterials, Metallic Biomaterials, Ceramic Biomaterials, and Polymeric Biomaterials), Applications (Neurology, Cardiology, Orthopedics, Ophthalmology, Wound Care, Dental, Plastic Surgery, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Koninklijke DSM N.V., Corbion NV, Biomet Inc., Noble Biomaterials, Inc., and Bayer AG.

Biomaterials Market Segment Insights

Polymeric biomaterial segment to account a key market share

Based on types, the biomaterials market is divided into natural biomaterials, metallic biomaterials, ceramic biomaterials, and polymeric biomaterials. The polymeric biomaterial segment is expected to constitute a large market share during the forecast period due to the broad range of product applications.

The wide availability of biopolymers and advanced polymers for bio-resorbable tissue fixation and other orthopedic applications are expected to accelerate the revenue generation of the market segment. Polymeric biomaterials are one of the key fundamental foundation of tissue engineering.

Orthopedics segment to expand at a substantial CAGR

On the basis of applications, the market is segmented into neurology, cardiology, orthopedics, ophthalmology, wound care, dental, plastic surgery and others.

The Orthopedic Biomaterials segment is anticipated to register a healthy CAGR during the forecast period. Increasing adoption of bone graft substitutes include allograft, autograft, demineralized bone matrix, bone morphogenetic proteins, cell-based matrices, and synthetic bone graft substitutes is driving the segment growth.

Bone graft substitutes are applicable in spinal fusion, trauma fixation, joint reconstruction, craniomaxillofacial fixation, and dental fixations. The technological advancements for better osteoinductivity, osteoconductivity, and osteogenicity are expected to propel the growth of the market segment.

Biomaterials Market Regional Outlook

Asia Pacific to dominate the market

In terms of regions, the biomaterials market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to the increasing orthopedic procedures, dental surgeries, and cardiovascular surgeries.

High prevalence of cardiac disorders and increasing pacemaker procedures in India is expected to drive the market growth in the region. Moreover, high rate of angioplasty with stent placement is anticipated to spur the market expansion in Asia Pacific.

Segments

Types

Natural Biomaterials
Metallic Biomaterials
Ceramic Biomaterials
Polymeric Biomaterials

Applications

Neurology
Cardiology
Orthopedics
Ophthalmology
Wound Care
Dental
Plastic Surgery
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Koninklijke DSM N.V.
Corbion NV
Biomet Inc.
Noble Biomaterials, Inc.
Bayer AG

Competitive Landscape

Key players competing in the biomaterials market include Koninklijke DSM N.V., Corbion NV, Biomet Inc., Noble Biomaterials, Inc., and Bayer AG.

Biomaterials Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Biomaterials Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Biomaterials Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Biomaterials Market - Supply Chain
  4.5. Global Biomaterials Market Forecast
     4.5.1. Biomaterials Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Biomaterials Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Biomaterials Market Absolute $ Opportunity
5. Global Biomaterials Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Biomaterials Market Size and Volume Forecast by Types
     5.3.1. Natural Biomaterials Metallic Biomaterials Ceramic Biomaterials Polymeric Biomaterials
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Biomaterials Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Biomaterials Market Size and Volume Forecast by Applications
     6.3.1. Neurology Cardiology Orthopedics Ophthalmology Wound Care Dental
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Biomaterials Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Biomaterials Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Biomaterials Demand Share Forecast, 2019-2026
8. North America Biomaterials Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Biomaterials Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Biomaterials Market Size and Volume Forecast by Types
     8.4.1. Natural Biomaterials Metallic Biomaterials Ceramic Biomaterials Polymeric Biomaterials
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Biomaterials Market Size and Volume Forecast by Applications
     8.7.1. Neurology Cardiology Orthopedics Ophthalmology Wound Care Dental
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Biomaterials Demand Share Forecast, 2019-2026
9. Latin America Biomaterials Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Biomaterials Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Biomaterials Market Size and Volume Forecast by Types
     9.4.1. Natural Biomaterials Metallic Biomaterials Ceramic Biomaterials Polymeric Biomaterials
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Biomaterials Market Size and Volume Forecast by Applications
     9.7.1. Neurology Cardiology Orthopedics Ophthalmology Wound Care Dental
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Biomaterials Demand Share Forecast, 2019-2026
10. Europe Biomaterials Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Biomaterials Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Biomaterials Market Size and Volume Forecast by Types
     10.4.1. Natural Biomaterials Metallic Biomaterials Ceramic Biomaterials Polymeric Biomaterials
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Biomaterials Market Size and Volume Forecast by Applications
     10.7.1. Neurology Cardiology Orthopedics Ophthalmology Wound Care Dental
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Biomaterials Demand Share Forecast, 2019-2026
11. Asia Pacific Biomaterials Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Biomaterials Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Biomaterials Market Size and Volume Forecast by Types
     11.4.1. Natural Biomaterials Metallic Biomaterials Ceramic Biomaterials Polymeric Biomaterials
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Biomaterials Market Size and Volume Forecast by Applications
     11.7.1. Neurology Cardiology Orthopedics Ophthalmology Wound Care Dental
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Biomaterials Demand Share Forecast, 2019-2026
12. Middle East & Africa Biomaterials Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Biomaterials Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Biomaterials Market Size and Volume Forecast by Types
     12.4.1. Natural Biomaterials Metallic Biomaterials Ceramic Biomaterials Polymeric Biomaterials
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Biomaterials Market Size and Volume Forecast by Applications
     12.7.1. Neurology Cardiology Orthopedics Ophthalmology Wound Care Dental
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Biomaterials Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Biomaterials Market: Market Share Analysis
  13.2. Biomaterials Distributors and Customers
  13.3. Biomaterials Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Koninklijke DSM N.V. Corbion NV Biomet Inc. Noble Biomaterials, Inc. Bayer AG