MARKET OVERVIEW
Biomaterials are substances used in medical applications to replace or augment a natural body function. They are used in many medical applications, including implants, tissue engineering, drug delivery, and diagnostic devices. The biomaterials market includes metals, ceramics, polymers, and composites. The biomaterials market is the growing adoption of biodegradable and bioresorbable biomaterials. Biodegradable biomaterials are designed to be absorbed by the body over time, reducing the risk of complications and improving patient outcomes. They are used in various applications, including drug delivery, tissue engineering, and wound healing.
MARKET DYNAMICS
The biomaterials market is anticipated to grow in the forecast, owing to the factors such as rising geriatric population, increasing prevalence of cardiovascular, neurological, and orthopedic disorders, heavy funding by government organizations to launch novel products, rising awareness regarding the advantages of biomaterial products and advancements in technology. Nevertheless, high cost of biomaterial production and several complications regarding biomaterials are expected to restrict the growth of market during the forecast period.
MARKET SCOPE
The "Global Biomaterials Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of biomaterials market with detailed market segmentation by type, application, and geography. The global biomaterials market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biomaterials market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biomaterials market is segmented on the basis of type and application. Based on type the market is segmented into metallic, ceramic, polymers, and natural. Based on application, the market is segmented into cardiovascular, orthopedic, dental, wound healing, neurological disorders, tissue engineering, ophthalmology, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global biomaterials market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The biomaterials market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting the biomaterials market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the biomaterials market in these regions.
MARKET PLAYERS
The reports cover key developments in the biomaterials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from biomaterials market are anticipated to have lucrative growth opportunities in the future with the rising demand for biomaterials in the global market. Below mentioned is the list of a few companies engaged in the biomaterials market.
The report also includes the profiles of biomaterials market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years.
- Zimmer Biomet
- DePuy Synthes
- Orthovita, Inc
- Invibio Ltd
- Berkeley Advanced Biomaterials
- CAM Bioceramics B.V
- Covalon Technologies Ltd
- DSM
- Evonik Industries AG
- Corbion NV