Biomaterials Market - By Type: Biopolymers, Bio-ceramics, Bio-glass, Bio-metals. By Application: Medical Devices, Tissue Engineering, Drug Delivery, Wound Care. By End-user Industry: Healthcare, Pharmaceuticals, Medical Devices. By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
The global biomaterials market was valued at USD 156.7 billion in 2023 and is projected to reach USD 351.2 billion by 2031, growing at a CAGR of 10.8% (ClearView Market Insights, 2024). Demand is driven by aging populations, orthopedic applications, and advancements in bioresorbable materials. Key segments include metallic (35%), polymeric (40%), and ceramic (15%) biomaterials.
2024 Market Breakthroughs
1. Orthopedic Innovations
2. Cardiovascular Biomaterials
3. Dental & Neural Applications
Market Drivers
Competitive Landscape
|
Company |
Market Share |
Flagship Product |
Certifications |
|
BASF |
20% |
Degradable Polyesters |
ISO 13485, FDA Class III |
|
Carpenter Tech |
18% |
Ti-6Al-4V ELI Alloy |
ASTM F136, CE Mark |
|
Evonik |
15% |
RESOMER® Polymers |
EMA PMA, Japan PAL |
Emerging Disruptors:
Market Segmentation
Recent Developments (2024)
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