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 share, size, trends, 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 are designed to engage with biological systems, with the purpose of enhancing or substituting the roles of living tissues or organs. These substances may be of natural origin, entirely synthetic, or a blend of both, serving to bolster healing, reinstate function, or provide vital support to the body. Biomaterials find applications in medical implants, prosthetics, tissue engineering, and the development of drug delivery systems. They encompass a diverse range of materials, including metals, ceramics, polymers, and those sourced from nature such as collagen or silk. The incorporation of biomaterials into modern medicine has advanced treatments and therapies, ultimately elevating the quality of life for individuals grappling with various medical conditions.

Global Biomaterials Market Trends and Drivers:

The escalating prevalence of chronic ailments such as diabetes and heart disorders, coupled with a growing aging population susceptible to these conditions, constitutes a significant driving force behind the global demand for biomaterials. Furthermore, the surging trend of elective surgeries for cosmetic or non-life-threatening issues is amplifying the need for biomaterials in diverse medical procedures across the globe. Additionally, the increasing awareness of the potential advantages offered by biomaterials and the rising expectations of consumers for personalized medical solutions are exerting a positive influence on the market. Moreover, the increasing adoption of three-dimensional (3D) printing technology for crafting patient-specific biomedical devices using a wide array of biomaterials is further propelling market expansion.

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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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