The global Biomaterials Market size was USD 259.31 Billion in 2022 and is expected to register a revenue CAGR of 10% over the forecast period, according to the latest report by Reports and Data.
The development of implants, wouand treatment, and Tissue Engineering all make extensive use of Biomaterials in the medical sector, which is driving market revenue growth.
Furthermore, demand for Biomaterials is expected to rise as medical technology advances and healthcare costs rise in a variety of applications, including drug delivery systems, dental implants, and orthopedic implants. The world’s aging population is also driving market revenue growth, as the elderly are more susceptible to chronic illnesses and require more sophisticated medical care.
Furthermore, the demand for Biomaterials in drug delivery systems is on the rise due to the increasing prevalence of chronic diseases like cancer and cardiovascular disorders. Biomaterials offer several advantages over conventional drug delivery methods, including improved medication bioavailability and customized drug delivery, thereby fostering market revenue growth.
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Major Companies:
- DePuy Synthes
- Stryker Corporation
- Wright Medical Group N.V.
- Biocomposites Ltd.
- Collagen Matrix, Inc.
- Arthrex, Inc.
- CeramTec GmbH
- Dentsply Sirona, Inc.
- Medtronic
- Koninklijke DSM N.V.
- Invibio Ltd.
Some Key Highlights from the Report
The metal segment is expected to grow significantly in revenue during the projection period due to its high strength, durability, and corrosion resistance. Construction, automotive, aerospace, and energy are just a few of the end-use industries that are expected to drive demand for metal products. Furthermore, the growing use of lightweight metals such as aluminum and titanium in the automotive and aerospace sectors is expected to drive metal segment growth.
The dental segment is expected to dominate the market throughout the forecasted period due to the rising frequency of dental problems and the rising demand for aesthetic dentistry. According to the World Health Organization (WHO), the most common oral illnesses are dental caries and periodontal diseases, which affect billions of people worldwide. Because biomaterials are widely used in dental implants and restoration procedures, the dentistry segment of the biomaterials market is expanding. Furthermore, the demand for cosmetic dentistry procedures such as veneers and teeth whitening is increasing, which is assisting the dental segment’s growth.
Key questions addressed in the report:
- What is the expected market size of the global Biomaterials market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Biomaterials market?
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Biomaterials Market Segmentation:
By Material Type Outlook:
- Glass
- Ceramic
- Metal
- Polymer
- Others
By Application Outlook:
- Dental
- Orthopedic
- Tissue Engineering
- Wound Care
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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