Biomaterials Market Size, Share, Trends, Demand, Growth 2032

Biomaterials Market

Biomaterials Market By Type (Metallic, Natural, Ceramics, and Polymer) and By Application (Ophthalmology, Cardiovascular, Orthopedic, Wound Healing, Tissue Engineering, Plastic Surgery, Neurology, Dental, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032

Category: Biotechnology Report Format : PDF Pages: 120 Report Code: ZMR-744 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 47.15 Billion USD 99.65 Billion 8.67% 2023

Biomaterials Market: Overview

The global biomaterials market size was worth around USD 47.15 billion in 2023 and is predicted to grow to around USD 99.65 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.67% between 2024 and 2032.

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The report offers valuation and analysis of Biomaterials market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

Biomaterials Market: Introduction

The biomaterial is a synthetic or naturally extracted substance utilized in medical fraternity for enhancing the functions of damaged organs & tissues. These substances are utilized for interacting with biological tools for medical purpose. They are also used in medical treatment of orthopedic, heart, neurological, and dental ailments. It is also utilized in tissue engineering, drug delivery equipment, medical implant, and plastic surgery. In addition to this, launching of new bio-materials like ceramic polymeric, natural, and metallic bio-materials will pave a way for the expansion of the biomaterials industry over the forecast timeline.

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Biomaterials Market: Growth Dynamics

A biomaterial is any material that is engineered to aids biological systems in therapeutic or diagnostic purposes. A biomaterial is non-viable in nature, which is used in medical devices and is intended to interact with biological systems. Biomaterials possess biocompatibility, i.e., the ability to generate an appropriate host response in specific applications.

The rapidly growing healthcare sector is expected to drive the global biomaterials market in the future. Biomaterials have applications in various products, such as contact lenses, skin repair, blood vessel prosthesis, gene transfer, drug delivery, and dental. This is the primary factor expected to propel the growth of the global biomaterial market over the forecast time period. Moreover, the growing awareness about advanced technology, rising aging population base, increasing prevalence of chronic diseases are some other factors driving the biomaterials market globally.

Furthermore, continuous research and development activities for bioinert and innovative material are anticipated to generate new growth opportunities for the biomaterials market in the future. Additionally, the growing competition among the key market players operating for the development of innovative solutions is also anticipated to fuel the global biomaterials market in the years ahead.

A rise in the use of biomaterials in biomed engineering research activities as well as bio-mineralization will prompt the business growth. In addition to this, bio-materials are utilized massively in bio-molecule development and this will create lucrative growth avenues for the industry over the forecasting timespan. Apart from this, a surge in the awareness pertaining to benefits accrued due to use of biomaterials will propel the business space over the estimated timeline. Nonetheless, huge biomaterial production costs and side-effects observed due to use of bio-materials will put brakes on the growth of biomaterials industry over the forecast timespan.

Biomaterials Market : Report Scope

Report Attributes Report Details
Report Name Biomaterials Market Research Report
Market Size in 2023 USD 47.15 Billion
Market Forecast in 2032 USD 99.65 Billion
Growth Rate CAGR of 8.67%
Number of Pages 215
Key Companies Covered Berkeley Advanced Biomaterials, AdvanSource Biomaterials, DePuy Orthopaedics, Collagen Matrix, Invibio, Angiotech Pharmaceuticals, Dentsply International, Zimmer Biomet, Orthovita, Cam Bioceramics, and Wright Medical Group.
Segments Covered By Type, By Application, By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

it is also utilized during vascular surgeries for preventing blood clotting. Apparently, utilization of the product in drug delivery systems will generate humungous growth prospects for biomaterials industry over the forthcoming years. In addition to this, the product finds massive penetration in dental, orthopedic, neurology, and would healing activities, thereby further driving market trends.

Biomaterials Market: Segmentation

The global biomaterials market is categorized into type and application.

On the basis of Type, the global biomaterials market includes metallic, natural, ceramics, and polymers. The metallic segment accounted for the largest share in the global biomaterials market in 2024. The distinct properties of metallic biomaterials, such as strength, biocompatibility, and resistance to splintering, make them appropriate for several medical applications, such as cardiovascular, orthopedic, dentistry, and wound healing.

By Application, the biomaterials market includes ophthalmology, cardiovascular, orthopedic, wound healing, tissue engineering, plastic surgery, neurology, dental, and others.

North America To Account Majorly Towards Overall Industry Size By 2032

North America is estimated to account for a major share of the global biomaterials market and remain dominant over the forecast time period. This can be attributed to the increasing aging population base in the region and growing biomaterials demand for plastic surgery, neurology, wound healing. The Asia Pacific region is expected to register notable growth in the global biomaterials market in the upcoming years. This can be due to the growing incidences of chronic diseases and rising awareness about biomaterials. China and India accounted for major shares in the Asia Pacific biomaterials market in the year 2018.

The expansion of the business in the sub-continent over the assessment timespan is due to massive rise in the geriatric populace prone to heart disorders as well as other chronic ailments. In addition to this, rise in the use of the product in plastic surgery, wound healing, and neurology will inflate the market proceeds over the forecast timeline. Surge in the funding made by the government in bio-material production in the countries like Canada and the U.S. will steer the regional market size over the projected timeline.

Biomaterials Market: Competitive Analysis

The global biomaterials market is dominated by players like:

  • Berkeley Advanced Biomaterials
  • AdvanSource Biomaterials
  • DePuy Orthopaedics
  • Collagen Matrix
  • Invibio
  • Angiotech Pharmaceuticals
  • Dentsply International
  • Zimmer Biomet
  • Orthovita
  • Cam Bioceramics
  • Wright Medical Group

 This report segments the global biomaterials market into:

Global Biomaterials Market: Type Analysis

  • Metallic
  • Ceramics
  • Natural
  • Polymer

Global Biomaterials Market: Application Analysis

  • Cardiovascular
  • Ophthalmology
  • Dental
  • Orthopedic
  • Wound Healing
  • Tissue Engineering
  • Plastic Surgery
  • Neurology
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content


FrequentlyAsked Questions

For medical purposes, biomaterials are substances that have been engineered to interact with biological systems. Typically, these materials are employed for the purpose of substituting or enhancing bodily tissues or organs. A combination of natural and synthetic materials, or synthetic sources, may be used to derive them.

The demand for biomaterials utilized in medical devices and procedures, including joint replacements, cardiovascular implants, and tissue engineering, increases due to the global aging population. This is because senior individuals frequently necessitate medical interventions in order to preserve or enhance their quality of life. There is a global increase in the incidence of chronic diseases, including but not limited to cardiovascular disease, orthopedic disorder, and diabetes. Biomaterials contribute to market expansion by being essential components in the development of medical devices and therapies for the treatment and management of these conditions.

The global biomaterials market size was worth around USD 47.15 billion in 2023 and is predicted to grow to around USD 99.65 billion by 2032.

The global biomaterials market with a compound annual growth rate (CAGR) of roughly 8.67% between 2024 and 2032.

The growth of the enterprise in the subcontinent during the evaluation period can be attributed to the substantial increase in the elderly population, which is highly susceptible to cardiovascular diseases and other chronic conditions. Furthermore, an increase in the product's application in the fields of neurology, wound recovery, and plastic surgery will contribute to the growth of the market during the projected period. An increase in government funding for biomaterial production in nations such as Canada and the United States is anticipated to influence the scale of the regional market throughout the forecast period.

Key participants leveraging the industry growth are Berkeley Advanced Biomaterials, AdvanSource Biomaterials, DePuy Orthopaedics, Collagen Matrix, Invibio, Angiotech Pharmaceuticals, Dentsply International, Zimmer Biomet, Orthovita, Cam Bioceramics, and Wright Medical Group.

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