Market
Highlights
Biomaterials are
any materials that are used to implant missing or damaged tissues. They can be
natural or synthetic in nature and regardless of their origin, they are
compatible to be used in place of living tissues. Biomaterials are broadly used
in drug delivery as capsules or nano-shells. Generally, they are
biodegradable as well as bioresorbable so that they can disappear from organism
after completing their function. They can also be used as substitutes of bone,
collagen membranes, regenerative dentistry as well as in bone and cartilage
regeneration during an orthopedic surgery. However, high cost associated with
biomaterial production, abrasive wear of implantable products, and
biocompatibility issues with the products hamper the market growth.
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Key Players
·
Royal DSM
·
BASF SE
·
Corbion N.V.
·
Covestro
·
Invibio Ltd.
·
Carpenter Technology
Corporation
·
Evonik Industries AG
·
Berkeley Advanced Biomaterials,
Inc.
·
CAM Bioceramics BV
·
Celanese Corporation
·
Wright Medical Technology, Inc.
·
Zimmer Biomet Holdings, Inc.
·
Bayer AG
·
Collagen Matrix
Regional
Analysis
Global
biomaterial market consists of regions namely the Americas, Europe, Asia
Pacific, and the Middle East & Africa.
North America
dominated the global biomaterial market owing to the technological advancement
in medical technology such as the development of smart biomaterials and
improving healthcare infrastructure, which have fueled the market growth.
Europe holds the second largest share of the global Biomaterials Industry.
Asia Pacific is
the fastest growing Biomaterials Industry across the globe. Government and
private initiatives have increased awareness regarding biomaterial application
and increased incidences of neurological disorders; thereby, driving the market
growth in the Asia-Pacific region. The Middle East and Africa hold the least
share of the global Biomaterials Industry due to limited availability of
medical facilities.
Segmentation
The global Biomaterials
Market is segmented based on the type of biomaterials and the
application.
Based on the
type, the market is segmented into metallic, ceramics, polymeric, natural
biomaterials, and others. The metallic segment is divided into stainless steel,
titanium & titanium alloys, cobalt-chrome alloys, silver, gold, and
magnesium. The ceramics segment is divided into calcium phosphate, aluminum
oxide, zirconia, calcium sulfate, carbon, and glass. The polymeric segment is
further divided into polymethylmethacrylate (PMMA), polyethylene, polyester,
polyvinyl chloride, silicone rubber, nylon, polyetheretherketone (PEEK),
polylactic acid, poly glycolic acid, and poly(lactide-coglycolide), and others.
The natural biomaterials is further segmented into hyaluronic acid, collagen,
gelatin, fibrin, cellulose, chitin, alginate, and silk.
Based on the
application, the market is classified as cardiovascular, orthopedic,
ophthalmology, dental, plastic surgery, wound healing, tissue engineering,
neurological disorders, and others. The cardiovascular segment is divided into
catheters, stents, implantable cardiac defibrillators, pacemakers, sensors,
heart valves, vascular grafts, guidewires, and others. The orthopedic segment
is divided into joint replacement, viscosupplementation, bioresorbable tissue
fixation, spine, fracture fixation devices, and orthobiologics. The joint
replacement is further divided into knee replacement, hip replacement, shoulder
replacement, and others. The bioresorbable tissue fixation is divided into
suture anchors, interference screws, meniscal repair tacks, and meshes. The
spine is divided into spinal fusion, minimally invasive fusion surgery, and
motion preservation. The fracture fixation devices is divided into bone plates,
screws, pins, rods, and wires. The ophthalmology is further divided into
contact lens, intraocular lens, functional replacements of ocular tissues,
synthetic corneas, and others. The dental segment is further divided into
dental implants, dental bone grafts & substitutes, dental membranes, and
tissue regeneration materials. The plastic surgery is divided into soft tissue
fillers and craniofacial surgery. The wound healing is categorized into wound
closure devices, adhesion barriers, surgical hemostats, internal tissue
sealants, and hernia meshes. The tissue engineering segment is divided into
scaffolds for regenerative medicine, nanomaterials for biosensing, and
tailoring of inorganic nanoparticles. The neurological disorders segment is
divided into shunting systems, cortical neural prosthetics, hydrogel scaffolds
for CNS repair, and neural stem cell encapsulation
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