Biomaterials Market Growth Rate, Trends, Size, Industry Trends And Forecast To 2033

The new report published by The Business Research Company, titled "Biomaterials Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the biomaterials market size has grown rapidly in recent years. It will grow from $118.51 billion in 2023 to $136.08 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The biomaterials market size is expected to see rapid growth in the next few years. It will grow to $230 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%.

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Rising Incidence Of Cardiovascular Diseases Boosts Biomaterials Market
The rising incidence of cardiovascular diseases is driving the growth of the biomaterials market. Cardiovascular disorders are caused by high blood pressure, smoking, high cholesterol, inactivity, and other factors. The increase in the prevalence of cardiovascular disorders is mainly due to noncontagious diseases such as diabetes, chronic respiratory illness, coronary artery disease (CAD) and heart attacks due to hypertension. Biomaterials such as heart valves, cardiopulmonary bypass systems, stents, vascular grafts, complete artificial hearts, and pacemakers are used as a healing mechanism for damaged and diseased heart tissue. For instance, in May 2023, according to the Centers for Disease Control and Prevention, a US-based public agency, coronary artery disease (CAD) was responsible for killing 375,476 people in 2021, and about 1 in 20 adults age 20 and older had CAD. In addition, about 2 in 10 deaths from CAD happen to adults less than 65 years old. Therefore, the rising incidence of cardiovascular diseases will increase the demand for biomaterials market.

Strategic Partnerships Drive Innovation And Market Growth In Biomaterials Sector
Strategic partnerships are a key trend gaining popularity in the biomaterials market. Key companies are focusing on partnerships to develop new implants and combination devices based on biomaterials by leveraging each other's expertise, technology, and resources. These partnerships are also focused on enhancing the adoption of biomaterials. Such partnerships enable companies to gain a competitive edge in the market and increase revenue. For instance, in September 2021, Cambium Biomaterials, a US-based producer of ultra-high-performance biomaterials, partnered with Ginkgo Bioworks Inc., a US-based biological engineering company, to accelerate industrial adoption of high-performance biomaterials. The collaboration will use Ginkgo's Codebase and high-throughput facilities to speed Cambium's discovery, development, manufacture, and commercialization of biomaterials that provide superior performance and sustainability across a variety of industries.

The biomaterials market covered in this report is segmented -

1) By Type: Metallic Biomaterial, Polymeric Biomaterials, Natural Biomaterials, Ceramics
2) By Application: Cardiovascular, Orthopedic, Ophthalmology, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Neurological/Central Nervous System
3) By End Use: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users

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Major companies operating in the biomaterials market report are Carpenter Technology Corporation, Corbion N V, Evonik Industries AG, Heraeus Medical Components LLC, Berkeley Advanced Biomaterials Inc., Zimmer Biomet Holdings Inc., DSM Biomedical BV, PolyNovo Limited, Baxter International Inc., Stryker Corporation, Collagen Solutions plc, Invibio Ltd., Aap Implantate AG, Cam Bioceramics BV, CeramTec GmbH, CoorsTek Medical LLC, CryoLife Inc., Cerapedics Inc., Surmodics Inc., Secant Group LLC, GELITA AG, Quattroflow GmbH, Kyocera Corporation, Wright Medical Group NV, KLS Martin Group GmbH & Co KG, Meccellis Biotechnology Co Ltd., Bio-on SpA, Coloplast A/S, Collagen Matrix Inc., IntrinsiQ Materials Inc., PolyActiva Pty Ltd

Contents of the report:
1. Executive Summary
2. Biomaterials Market Report Structure
3. Biomaterials Market Trends And Strategies
4. Biomaterials Market - Macro Economic Scenario
5. Biomaterials Market Size And Growth
…..
27. Biomaterials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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