Natural Biomaterials Market Opportunity Analysis, 2018–2026: BASF SE, Biomet, Inc., Invibio Ltd., Mimetis Biomaterials, Royal DSM, Corbion N.V., Botiss Biomaterials GmbH, and Medtronic, Inc.
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The market is projected to reach US$ 194.29 billion by the end of 2027, growing substantially over the forecast period, owing to rising prevalence of conditions such as osteoarthritis, rheumatoid arthritis, and sports injuries. Moreover, factors such as rising prevalence of cardiovascular diseases, increasing demand for plastics surgeries, growing cancer incidence are playing major role in fueling growth of the natural biomaterials market.
Naturally derived biomaterials is classified into many groups including polysaccharide-based biomaterials (chitin/chitosan, cellulose, glucose, etc.), protein-based biomaterials (gelatin, collagen, silk, etc.), and de-cellularized tissue-derived biomaterials (blood vessels, liver, heart valves, etc.). Natural biomaterials are preferred over synthetic biomaterials for restoring or replacing structure and for functioning of damaged tissues or organs attributing to their ability to support migration, cell adhesion, differentiation, and proliferation. The three main applications of natural biomaterials in medical are drug delivery system, tissue engineering, and wound management applications.
The global natural biomaterials market accounted for US$ 57.75 billion in 2018, and is expected to register a CAGR of 14.4% in terms of revenue, over the forecast period (2019 – 2027).
North America is anticipated to account for the largest revenue share in the global natural biomaterials market. Rising bio-based research, high healthcare expenditure, increasing conferences of biomaterials, developed healthcare infrastructure, and rising prevalence of cardiovascular diseases are expected to propel demand for natural biomaterials over the forecast period.
Players operating in the global natural biomaterials market are adopting various growth strategies such as mergers & acquisitions and business expansion to cater increasing demand for natural biomaterials. For instance, in Feb 2016, Invibio Knee Ltd., a subsidiary of Invibio Biomaterial Solutions partnered with Maxx Orthopedics Inc. to develop PEEK-OPTIMA femoral knee replacement. This technology was launched in order to meet unmet needs of patients with the outcomes of total knee arthroplasty using metal-based knee solutions.
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Major players operating in the global natural biomaterials market include BASF SE, Biomet, Inc., Invibio Ltd., Mimetis Biomaterials, Royal DSM, Corbion N.V., Botiss Biomaterials GmbH, and Medtronic, Inc.
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