by Precedence Research a new report on biomaterials Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global biomaterials market size was valued at US$ 110 billion in 2020. The global biomaterials market is projected to reach US$ 390.92 billion by 2027, registering a compound annual growth rate (CAGR) of 15.2% during the forecast period from 2020 to 2027.
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Table of Contents
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.
Report Scope of the Biomaterials Market
| Report Highlights | Details |
| Market Size | USD 390.92 Billion by 2027 |
| Growth Rate | CAGR of 15.2% from 2021 to 2027 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Vehicle Class, Architecture, Region |
| Companies Mentioned | 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 |
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.
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The global biomaterials market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per biomaterials, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of 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
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
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
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Key Questions are
- What are the key factors influencing the biomaterials market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global biomaterials market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global biomaterials market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global biomaterials market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global biomaterials market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for biomaterials are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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