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Leading Growth Driver in the Polymeric Biomaterials Market in 2025: Polymeric Biomaterials Addressing The Rising Tide Of Chronic Diseases Driver's Influence
Polymeric Biomaterials
The increasing prevalence of chronic diseases is expected to drive the growth of the polymeric biomaterials market. Chronic diseases are long-lasting and include conditions such as cardiovascular diseases, cancer, and diabetes, often exacerbated by an aging population and lifestyle factors. Polymeric biomaterials are used in treatments and medical devices, improving patient care. The WHO reports that chronic diseases are responsible for millions of deaths each year. Therefore, the rise in chronic diseases is contributing to the growth of the polymeric biomaterials market.
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What Is the projected market size and growth rate for the polymeric biomaterials market?
The polymeric biomaterials market has seen rapid growth in recent years. It is projected to rise from $59.69 billion in 2024 to $70.18 billion in 2025, at a compound annual growth rate (CAGR) of 17.6%. The growth in recent years can be attributed to the growing demand for medical implants, improved biocompatibility, the emergence of tissue engineering, an increase in orthopedic surgeries, and the expansion of drug delivery systems.
The polymeric biomaterials market is projected to grow to $132.6 billion by 2029, with a CAGR of 17.2%. The expansion is attributed to advancements in regenerative medicine, personalized medicine, 3D printing, chronic disease management, and minimally invasive surgery. Key trends include breakthroughs in polymer chemistry, innovations in biomedical engineering, regulatory approvals, and technological integration in medical applications.
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What new trends are reshaping the polymeric biomaterials market and its opportunities?
Companies in the polymeric biomaterials market are developing 3D-printable biomaterials to gain a competitive advantage. These materials are used in 3D printing to create medical structures and devices. In March 2022, Evonik Industries AG, a Germany-based chemical company, launched VESTAKEEP iC4800 3DF, a PEEK filament for osteoconductive applications in 3D-printed medical implants. The filament promotes bone growth and improves fusion between bone and implants, offering enhanced recovery and patient outcomes in custom implant designs for medical applications.
What major market segments define the scope and growth of the polymeric biomaterials market?
The polymeric biomaterials market covered in this report is segmented -
1) By Product: Polylactic Acid, Polyglycolic Acid, Polyurethanes, Polytetrafluoroethylene, ket*one, Polydioxanone, Other Products
2) By Application: Cardiovascular, Dental, Orthopedic, Plastic Surgery, Neurology, Other Applications
3) By End-User: Hospitals, Clinics, Other End-users
Subsegments:
1) By Polylactic Acid (PLA): PLA-Based Scaffolds, PLA-Based Sutures And Stents
2) By Polyglycolic Acid (PGA): PGA-Based Sutures, PGA-Based Scaffolds
3) By Polyurethanes: Polyurethane-Based Wound Dressings, Polyurethane-Based Implants
4) By Polytetrafluoroethylene (PTFE): PTFE-Based Vascular Grafts, PTFE-Based Membranes
5) By ket*one (PAEK): PAEK-Based Implants, PAEK-Based Prosthetics
6) By Polydioxanone (PDO): PDO-Based Sutures, PDO-Based Drug Delivery Systems
7) By Other Products: Biodegradable Polymers, Natural Polymers
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Which region dominates the polymeric biomaterials market?
North America was the largest region in the polymeric biomaterials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polymeric biomaterials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the polymeric biomaterials industry growth?
Major companies operating in the polymeric biomaterials market are BASF SE, 3M Company, Medtronic plc, Toray Industries Inc., Evonik Industries AG, Covestro AG, Stryker Corporation, Solvay SA, DuPont Biomaterials, Arkema Group, Mitsubishi Chemical Holdings Inc., Celanese Corporation, Royal DSM, TEIJIN Limited, Zimmer Biomet Holdings Inc., Dentsply Sirona Inc., Huafon Group, W. L. Gore & Associates Inc., Corbion NV, Integra LifeSciences Holdings Corporation, Victrex plc, Collagen Matrix, Berkeley Advanced Biomaterials, Bezwada Biomedical LLC, Covation Biomaterials, Starch Medical Inc.
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What Is Covered In The Polymeric Biomaterials Global Market Report?
•Market Size Forecast: Examine the polymeric biomaterials market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the polymeric biomaterials market for a structured understanding.
•Key Players Overview: Analyze major players in the polymeric biomaterials market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the polymeric biomaterials market.
•Segment Contributions: Evaluate how different segments drive overall growth in the polymeric biomaterials market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the polymeric biomaterials market.
•Industry Challenges: Identify potential risks and obstacles affecting the polymeric biomaterials market.
•Competitive Landscape: Review strategic developments in the polymeric biomaterials market, including expansions, agreements, and new product launches.
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