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Biomaterials Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71630
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The biomaterials market share is expected to increase by USD 12.82 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.04%.

This biomaterials market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biomaterials market segmentation by type (metallic, ceramic, polymers, and natural) and geography (North America, Europe, Asia, and ROW). The biomaterials market report also offers information on several market vendors, including BASF SE, Carpenter Technology Corp., Celanese Corp., CeramTec GmbH, CoorsTek Inc., Corbion nv, Covestro AG, Evonik Industries AG, Koninklijke DSM NV, and Victrex Plc among others.

What will the Biomaterials Market Size be During the Forecast Period?

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Biomaterials Market: Key Drivers and Challenges

The increasing prevalence of musculoskeletal diseases and disorders is notably driving the biomaterials market growth, although factors such as the high cost of bioimplants and surgeries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biomaterials industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Biomaterials Market Driver

One of the key factors driving growth in the biomaterials market is the increasing prevalence of musculoskeletal diseases and disorders. Musculoskeletal disorders occur due to orthopedic trauma or injury that affects the ligaments, tendons, muscles, nerves, and bones. Arthritis is the most prevalent musculoskeletal disorder and a leading cause of disability in older people in the US in the last 15 years. People under the aging population bracket are at a higher risk of getting affected by arthritis as the risk increases with age. The high incidence of musculoskeletal disorders such as arthritis among the elderly population base results in increased use of orthopedic biomaterial devices. The life expectancy in the US is increasing exponentially. The availability of efficient orthopedic treatment options such as orthopedic biomaterials is resulting in better health outcomes. This, in turn, will have a positive impact on the growth of the global biomaterial market during the forecast period.

Key Biomaterials Market Challenge

The high cost of bioimplants and surgeries will be a major challenge for the biomaterials market during the forecast period. Bioimplants are expensive, as they are made of a combination of biological, mechanical, and optical elements. Biomaterials have biomechanical properties, which are comparable to autogenous tissues. Properties such as biocompatibility, bio-adhesion, bio-functionality, and corrosion resistance determine the suitability of materials for bioimplants. Biomaterials such as ceramics, polymers, bone allografts, metals alloys, and non-metals are expensive, which makes it difficult for low-income people to afford them. These factors are expected to hinder the growth of the market.

This biomaterials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Biomaterials Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • Carpenter Technology Corp.
  • Celanese Corp.
  • CeramTec GmbH
  • CoorsTek Inc.
  • Corbion nv
  • Covestro AG
  • Evonik Industries AG
  • Koninklijke DSM NV
  • Victrex Plc

 

This statistical study of the biomaterials market encompasses successful business strategies deployed by the key vendors. The biomaterials market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The biomaterials market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Biomaterials Market?

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41% of the market’s growth will originate from North America during the forecast period. The US is the key market for biomaterials in North America. Market growth in North America will be faster than the growth of the market in other regions.

The increase in biomaterial-based research, the growing incidence of cancer, and the increasing prevalence of cardiovascular diseases will facilitate the biomaterials market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Biomaterials Market?

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The biomaterials market share growth by the metallic segment will be significant during the forecast period. This segment is expected to grow during the forecast period, owing to the extensive use of metals in the manufacturing of medical devices that are used in cardiovascular, dental, as well as orthopedic applications. The demand for metals for manufacturing neuromuscular stimulation devices is also increasing because of their good electrical conductivity.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biomaterials market size and actionable market insights on post COVID-19 impact on each segment.

 

Biomaterials Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.04%

Market growth 2022-2026

$ 12.82 billion

Market structure

Fragmented

YoY growth (%)

5.35

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 41%

Key consumer countries

US, Germany, UK, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BASF SE, Carpenter Technology Corp., Celanese Corp., CeramTec GmbH, CoorsTek Inc., Corbion nv, Covestro AG, Evonik Industries AG, Koninklijke DSM NV, and Victrex Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Biomaterials Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive biomaterials market growth during the next five years
  • Precise estimation of the biomaterials market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the biomaterials industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of biomaterials market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Metallic - Market size and forecast 2021-2026
    • Ceramic - Market size and forecast 2021-2026
    • Polymers - Market size and forecast 2021-2026
    • Natural - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • Asia - Market size and forecast 2021-2026
      • ROW - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • BASF SE
      • Carpenter Technology Corp.
      • Celanese Corp.
      • CeramTec GmbH
      • CoorsTek Inc.
      • Corbion nv
      • Covestro AG
      • Evonik Industries AG
      • Koninklijke DSM NV
      • Victrex Plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Get your FREE sample now!
      The biomaterials market growth will increase by $12829.00 million during 2021-2026.
      The biomaterials market is expected to grow at a CAGR of 6.04% during 2021-2026.
      Technavio has segmented the biomaterials market by type (Metallic, Ceramic, Polymers, and Natural) and geographic (North America, Europe, Asia, and ROW).
      BASF SE, Carpenter Technology Corp., Celanese Corp., CeramTec GmbH, CoorsTek Inc., Corbion nv, Covestro AG, Evonik Industries AG, Koninklijke DSM NV, Victrex Plc are a few of the key vendors in the biomaterials market.
      North America will register the highest growth rate of 40.88% among the other regions. Therefore, the biomaterials market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the biomaterials market growth are:
      • Increasing prevalence of musculoskeletal diseases and disorders
      The biomaterials market vendors should focus on grabbing business opportunities from the metallic segment as it accounted for the largest market share in the base year.
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