Biomaterials Market Overview:
Market Research Future (MRFR), in their report on the biomaterials, predicted a 12% CAGR for the market during the forecast period (2017-2023). Biomaterials are natural or synthetic in origin and can be used to substitute any damaged organ or tissue to better the functionality of the existing one. Some are biodegradables which help the market in exploring other eco-friendly possibilities.
Biomaterials, as told earlier, can be used as collagen membranes, bone, regenerative dentistry as well as in bone and cartilage regeneration during an orthopedic surgery. Among major factors that can significantly contribute to the global Biomaterials Market growth are tissue engineering, plastic surgery, drug delivery devices, and other medical implants. In doing so biomaterials are emerging as substantial market influencer in areas such as biomedical engineering, biomineralization, and biomolecules. This can give the biomaterials market a much-needed thrust to move forward.
Segmentation:
MRFR in its analysis of the global biomaterials market, segmented it for an in-depth review by type and application.
Based on the type, the biomaterials market includes polymeric, metallic, ceramics, natural biomaterials, and others. The metallic segment comprises cobalt-chrome gold, alloys, silver, stainless steel, titanium & titanium alloys, and magnesium. The ceramics segment encompasses zirconia, calcium phosphate, aluminum oxide, carbon, calcium sulfate, and glass. The polymeric segment consists polyetheretherketone (PEEK), polylactic acid, polymethylmethacrylate (PMMA), polyvinyl chloride, polyethylene, polyester, nylon, poly glycolic acid, silicone rubber, and poly(lactide-coglycolide), and others. The natural biomaterials segment comprises gelatin, hyaluronic acid, collagen, fibrin, chitin, alginate, cellulose, and silk
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Competitive Landscape:
Players of repute in the global biomaterials market, as per MRFR, are BASF SE (Germany), Corbion N.V. (Netherlands), Carpenter Technology Corporation (U.S.), Evonik Industries AG (Germany), Covestro (Germany), Invibio Ltd. (U.K.), Berkeley Advanced Biomaterials, Inc. (U.S.), Royal DSM (Netherlands), Celanese Corporation (U.S.), CAM Bioceramics BV (Netherlands), Wright Medical Technology, Inc. (U.S.), Bayer AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), Collagen Matrix (U.S.), and others.
Application-wise, the biomaterials market comprises orthopedic, ophthalmology, dental, plastic surgery, cardiovascular, tissue engineering, wound healing, neurological disorders, and others
The cardiovascular segment envelops vascular grafts, stents, catheters, pacemakers, sensors, implantable cardiac defibrillators, heart valves, guidewires, and others.
The orthopedic segment consists bioresorbable tissue fixation, spine, viscosupplementation, fracture fixation devices, joint replacement, and orthobiologics. The joint replacement comprises shoulder replacement, knee replacement, hip replacement, and others. The bioresorbable tissue fixation is based on interference screws, suture anchors, meniscal repair tacks, and meshes. The spine segment is founded on minimally invasive fusion surgery, spinal fusion, and motion preservation. The fracture fixation devices segment includes screws, bone plates, rods, pins, and wires.
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The ophthalmology segment includes intraocular lens, contact lens, synthetic corneas, functional replacements of ocular tissues, and others. The dental segment comprises dental membranes, dental implants, dental bone grafts & substitutes, and tissue regeneration materials. The plastic surgery segment has soft tissue fillers and craniofacial surgery. The wound healing segment includes internal tissue sealants, wound closure devices, surgical hemostats, adhesion barriers, and hernia meshes. The tissue engineering segment involves nanomaterials for biosensing, scaffolds for regenerative medicine and tailoring of inorganic nanoparticles. The neurological disorders segment includes cortical neural prosthetics, hydrogel scaffolds for CNS repair, shunting systems and neural stem cell encapsulation
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Regional Analysis:
MRFR in their region-specific analysis of the biomaterials market includes the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
Superlative infrastructure, high investment in research & development are factors influencing the biomaterials market of North America. The U.S. is the major contributor where a lot of people die owing to cardiovascular diseases. This has given rise to stents and other biomaterials. Europe ranks second in the global biomaterials market due to the growing support it is having from the governments. The investment in research & development is rising with both private and public organizations showing interest in the sector.
The APAC market is the fastest growing market and by 2023, it is projected to rise considerably. The regional growth depends mostly on the presence of countries such as India and China. These emerging economies are spending substantially for the development of healthcare sector which can take the biomaterials market ahead.
In 2019, Researchers from the Department of Information and Communication Engineering and the Department of Brain & Cognitive Sciences developed a biosensor that uses nanostructure by applying new image signal processing technique to identify biomaterials. The technology promises the exclusion of biomarker and deliver a more reliable news as biomarkers can alter biomaterial’s core identity.
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