Biomaterials Market is Predicted to Rise at a Stable Rate of 15.2% Till 2027

Precedence Research recently published a report on “Biomaterials Market Size, Share, & Growth Analysis Report By Product (Metallic, Ceramics, Natural, and Polymers) By Application (Ophthalmology, Cardiovascular, Dental, Wound Healing, Orthopedic, Plastic Surgery, Tissue Engineering, Neurology, and Others) – Global Industry Analysis, Trends, Regional Outlook and Forecasts 2020 – 2027”. Amid the COVID-19 crisis, the global biomaterials market value is projected to reach US$ 390.92 billion by 2027, rising at a CAGR of 15.2% from 2020 to 2027.

Biomaterials play an important role in medical industry. They are the derived substance that directly interacts with the biological system for restoring or healing after disease or injury. Biomaterials may be synthetic or natural and are used in medical applications to enhance, support, or replace the damaged tissue or a biological function. Biomaterials are used in broad range of applications that include methods to promote healing of human tissues, medical implants, molecular probes and nanoparticles, regenerated human tissues, drug-delivery system, and biosensors.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates biomaterials market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global biomaterials market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2020 along with a forecast from 2020 to 2027 based on value.

Scope of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Market Estimations:

Market Was Valued In 2019	US$ 109.4 Billion
Market Is Projected To Grow By 2027	US$ 390.92  Billion
Compound Annual Growth Rate (CAGR):	15.2 Percent

Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1059

Growth Factors

The government of various regions along with universities researching on medical sector has allocated funds for the development of novel biomaterials. The aforementioned factor expected to drive the market growth. For instance, two European Commission programs allotted USD 15.6 Billion for research on biomaterials for a period of five years from 2013 to 2017. Similarly, in March 2018, Drexel University issued USD 200,000 to the National Science Foundation for researching on how biomaterial vascularization gets affected from the biomaterial-mediated control over macrophage behavior.

However, in various regions such as Asia Pacific, Europe, and North America, government has stringent regulations for the application of biomaterial-based medical devices to ensure their efficacy and quality. The above mentioned factor expected to hamper the market growth in the coming years.

Report Highlights

• In 2019, North America led the global biomaterials market due to initiatives taken by different private and public organizations. Furthermore, increasing number of surgeries along with the presence of numerous market players in the region account for the significant growth of the market.
• The Asia Pacific anticipated witnessing the fastest growth during the analysis period. This is attributed to the major strategies adopted by the regional players to reinforce their presence in both global as well as regional market.
• Based on product, polymer segment led the global biomaterials market with considerable revenue share in 2019 and projected to continue its dominance in the coming years. This is mainly attributed to the wide range of applications of polymer products. Besides this, natural biomaterials anticipated to register the highest growth rate over the forecast period due to numerous benefits offered by the product over synthetic biomaterials related to biocompatibility, biodegradability, and remodeling.
• By application, the orthopedic segment captured maximum revenue share in the global biomaterials market in 2019. Rising adoption of metallic biomaterials owing to their high load bearing capacity is one of the prime factors that drive the growth of the segment. Besides this, significant developments and on-going investments for the advancement in orthopedic implants by market participants are Moreover, plastic surgery analyzed to grow at a significant pace during the forecast period owing to increasing number of cosmetic procedures along with significant application of biomaterials in such surgeries. likely to propel the market growth in the next years to come.

Regional Snapshots

In 2019, North America accounted for the maximum revenue share in the global biomaterials market. This is mainly due to significant growth in the number of surgeries in the region along with application of biomaterials in those surgeries. According to the stats presented by American Society of Plastic Surgeons (ASPS), nearly 18 Million people in the United States have undergone surgical or minimally invasive cosmetic procedures in the year 2018.

However, the Asia Pacific registered the fastest growth rate over the forecast period. Factors attributed to the prominent growth of the biomaterials market in the Asia Pacific region include rapid growth of healthcare industry in Japan, rising cosmetic & plastic surgeries, increasing geriatric population, increasing cases of knee & hip replacement procedures, rising prevalence of cardiovascular diseases, and growing research activities.

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the biomaterials market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the biomaterials market include:

• Evonik Industries AG
• Medtronic plc
• Berkeley Advanced Biomaterials
• Corbion
• Carpenter Technology Corporation
• Zimmer Biomet Holdings, Inc.
• Invibio Ltd.
• Covalon Technologies Ltd.
• BASF SE
• Johnson & Johnson
• Stryker Corporation
• CoorsTek Inc.
• DentsplySirona
• Collagen Matrix, Inc.

Segments Covered in the Report 

This research study encompasses comprehensive assessment of the marketplace revenue with the help of prevalent quantitative and qualitative intelligences, and prognoses of the market. This report presents breakdown of market into major and niche segments. Furthermore, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This report comprises market division and its revenue valuation by categorizing it depending on product, application, and region:

By Product

• Metallic
• Ceramics
• Natural
• Polymers

By Application

• Ophthalmology
  • Intraocular Lens
  • Synthetic Corneas
  • Ocular Tissue Replacement
  • Others
• Cardiovascular
  • Stents
  • Sensors
  • Implantable Cardiac Defibrillators
  • Guidewires
  • Vascular Grafts
  • Pacemakers
  • Others
• Dental
  • Dental Implants
  • Tissue Regeneration Materials
  • Bone Grafts & Substitutes
  • Others
• Wound Healing
  • Adhesion Barrier
  • Surgical Hemostats
  • Fracture Healing Device
  • Internal Tissue Sealant
  • Skin Substitutes
  • Others
• Orthopedic
  • Orthobiologics
  • Joint Replacement Biomaterials
  • Viscosupplementation
  • Spine Biomaterials
  • Bioresorbable Tissue Fixation Products
  • Others
• Plastic Surgery
  • Soft Tissue Fillers
  • Facial Wrinkle Treatment
  • Bioengineered Skins
  • Craniofacial Surgery
  • Acellular Dermal Matrices
  • Peripheral Nerve Repair
  • Others
• Tissue Engineering
• Neurology
  • Shunting Systems
  • Neural Stem Cell Encapsulation
  • Cortical Neural Prosthetics
  • Hydrogel Scaffold For CNS Repair
  • Others
• Others

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

Key Takeaways

• Comprehensive analysis of the biomaterials market trends and shares from 2020 to 2027 at global and regional level to identify growth opportunities and analyze market developments
• Exhaustive analysis of price trends with respect to resin type and region that are expected to impact the outlook of the global biomaterials market
• Porters’ Five Forces analysis that highlights the bargaining power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions
• Extensive market outlook of key geographic regions along with market drivers, inhibitors, current & future market trends, and emerging applications
• Comprehensive list of key potential clients across major end-use industries in different geographies
• Thorough import-export analysis  across the globe
• Regional level production output to comprehend the demand-supply scenario
• Competitive landscape covers key companies’ profiling, market share analysis, market footprint analysis, competitive business strategies, channels, and competition matrix for key players

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Biomaterials Market, By Product

7.1. Biomaterials Market, by Product Type, 2020-2027
7.1.1. Metallic
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Ceramics
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Natural
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Polymers
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Biomaterials Market, By Application

8.1. Biomaterials Market, by Application, 2020-2027
8.1.1.1. Ophthalmology
8.1.1.2. Market Revenue and Forecast (2016-2027)
8.1.1.3. Cardiovascular
8.1.1.4. Market Revenue and Forecast (2016-2027)
8.1.2. Dental
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Wound Healing
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Orthopedic
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Plastic Surgery
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Tissue Engineering
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Neurology
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Biomaterials Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. Evonik Industries AG
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Medtronic plc
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Berkeley Advanced Biomaterials
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Corbion
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Carpenter Technology Corporation
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Zimmer Biomet Holdings, Inc.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Invibio Ltd.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Covalon Technologies Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. BASF SE
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Johnson & Johnson
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
10.11. Stryker Corporation
10.11.1. Company Overview
10.11.2. Product Offerings
10.11.3. Financial Performance
10.11.4. Recent Initiatives
10.12. CoorsTek Inc.
10.12.1. Company Overview
10.12.2. Product Offerings
10.12.3. Financial Performance
10.12.4. Recent Initiatives
10.13. DentsplySirona
10.13.1. Company Overview
10.13.2. Product Offerings
10.13.3. Financial Performance
10.13.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1059

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Web: https://www.precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com

Follow us on LinkedIn | Twitter | Facebook