Biomaterials Market Size Expected to Gain USD 47.5 Billion, at a 6.0% CAGR by 2025

 

The report "Biomaterials Market by Type of Materials (Metallic, Ceramic, Polymers, Natural), Application (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Neurological disorders, Tissue Engineering, Ophthalmology) - Global Forecast to 2025", The global biomaterials market is projected to reach USD 47.5 billion by 2025 from USD 35.5 billion in 2020, at a CAGR of 6.0% during the forecast period. Growth in this market is primarily attributed to increasing funds and grants by government bodies and universities for the development of novel biomaterials, increasing demand for implantable devices, growing demand for biomaterials in plastic surgery and wound healing applications, rising incidences of cardiovascular diseases, and rising awareness and research on regenerative medicine.

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The metallic biomaterials segment accounted for the largest share of the type segment in the biomaterials market.

On the basis type of materials, the biomaterials market is broadly segmented into Metallic, Polymeric, Ceramic, and Natural biomaterials. Metallic biomaterials accounted for the largest share of the biomaterials market.

The cardiovascular application segment accounted for the largest share of the application segment in the biomaterials market

Based on application, the biomaterials market is categorized into seven segments— cardiovascular, orthopedic, ophthalmology, neurological/central nervous system (CNS), dental, tissue engineering, wound healing, plastic surgery, and other applications. The cardiovascular application segment accounted for the s=largest share of the biomaterials market

The Asia Pacific region is the fastest-growing region of the biomaterials market

Asia Pacific region accounted for the fastest-growing region of the biomaterials market. It is also estimated to grow at the highest CAGR in the biomaterials market during the forecast period, this is mainly due to Japan’s growing healthcare industry, increasing geriatric population, rising number of cosmetic and plastic surgeries in India, lucrative medical devices industry, and favorable tax policies in China.

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Key Market Players

Some of the prominent players in the biomaterials market are BASF SE (Germany), Covestro AG (Germany), Celanese Corporation (US), Corbion (Netherlands), Royal DSM (Netherlands), Evonik Industries (Germany), Carpenter Technology Corporation (US), Berkeley Advanced Biomaterials (US), Cam Bioceramics B.V. (Netherlands), CoorsTek Inc. (US), CeramTec (Germany), and GELITA AG (Germany).

This report categorizes the biomaterials market into the following segments and subsegments:

Biomaterials Market, by Type

  • Metallic Biomaterials
  • Polymeric Biomaterials
  • Ceramics
  • Natural Biomaterials

Biomaterials Market, by Application

  • Cardiovascular
  • Orthopedic
  • Ophthalmology
  • Dental
  • Plastic Surgery
  • Wound Healing
  • Tissue Engineering
  • Neurological/Central Nervous System Applications
  • Other Applications

Biomaterials Market, by Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

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