Global Biomaterials Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Biomaterials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Biomaterials market report, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global biomaterials market size reached US$ 102.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 202.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.43% during 2023-2028.
Biomaterials encompass materials designed to engage with biological systems, with the intention of enhancing or substituting the roles of living tissues or organs. These materials can be of natural origin, entirely synthetic, or a fusion of both, all serving to promote healing, reinstate functionality, or offer bodily support. Their applications span medical implants, prosthetics, tissue engineering, and the facilitation of drug release mechanisms. Ranging from metals, ceramics, and polymers to substances sourced from nature like collagen or silk, biomaterials play a pivotal role in modern medicine. They advance medical treatments and therapies, ultimately elevating the quality of life for patients grappling with diverse medical conditions.
Global Biomaterials Market Trends and Drivers:
The increasing prevalence of chronic illnesses such as diabetes and cardiovascular disorders, combined with a burgeoning aging population susceptible to these conditions, stands as a major driver for the global demand for biomaterials. Furthermore, the escalating count of elective surgeries pursued for cosmetic or non-life-threatening concerns is propelling the requirement for biomaterials in diverse medical procedures on a global scale. Additionally, the growing recognition of the potential advantages linked to biomaterials and the heightened expectations of consumers regarding personalized medical solutions are exerting a positive influence on the market. Alongside these factors, the surging adoption of three-dimensional (3D) printing technology to craft patient-specific biomedical devices utilizing a variety of biomaterials is further fortifying the expansion of the market.
Global Biomaterials Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: BASF SE, Berkeley Advanced Biomaterials, Carpenter Technology Corporation, Collagen Matrix Inc., CoorsTek Inc., Corbion N.V., Dentsply Sirona, Evonik Industries AG, Johnson Johnson, Koninklijke DSM N.V., Medtronic plc, Stryker Corporation, Victrex plc and Zimmer Biomet.
The report segmented the market on the basis of region, type and application.
Breakup by Type:
- Natural Biomaterial
- Metallic Biomaterial
- Ceramic Biomaterial
- Polymeric Biomaterial
Breakup by Application:
- Neurology
- Cardiology
- Orthopedics
- Wound Care
- Dental
- Plastic Surgery
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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