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 market.
Asia Pacific is the fastest
growing biomaterials market 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 market 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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