Biomaterials Market to Profit from Rising Healthcare Investment

Biomaterials Market Overview:

Biomaterials Market Size is anticipated to surpass of CAGR 7.80% by 2030, as reported in the latest study by Market Research Future. Market Research Future (MRFR), in its report, discussed various factors that can boost the understanding of the market and help in making a prediction about the coming days. Increasing government funding, rising cases of cardiac diseases, and surges in expenditure for the aerospace and defense industry can bolster the market growth. However, COVID-19 may adversely impact the global market.

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Segmentation:

The global biomaterials market has been segmented by type and application.

By type, the market includes ceramics, natural biomaterials, polymeric, metallic, and others. The metallic segment comprises titanium & titanium alloys, cobalt-chrome alloys, stainless steel, gold, silver, and magnesium. The ceramics segment includes aluminum oxide, zirconia, calcium phosphate, carbon, calcium sulfate, and glass. The polymeric segment incorporates polyethylene, polyester, polymethylmethacrylate (PMMA), silicone rubber, nylon, polyvinyl chloride, polyglycolic acid and poly(lactide-coglycolide), polylactic acid, polyetheretherketone (PEEK), and others. The natural biomaterials segment has been segmented into collagen, gelatin, hyaluronic acid, cellulose, chitin, fibrin, alginate, and silk.

By application, the market comprises orthopedic, ophthalmology, cardiovascular, plastic surgery, wound healing, dental, neurological disorders, tissue engineering, and others.

The cardiovascular segment includes stents, implantable cardiac defibrillators, catheters, sensors, heart valves, pacemakers, guidewires, vascular grafts, and others.

The orthopedic segment includes viscosupplementation, spine, fracture fixation devices, bioresorbable tissue fixation, joint replacement, and orthobiologics. The joint replacement segment includes shoulder replacement, hip replacement, knee replacement, and others. The bioresorbable tissue fixation segment includes interference screws, meniscal repair tacks, suture anchors, and meshes. The spine segment covers minimally invasive fusion surgery, spinal fusion, and motion preservation. The fracture fixation devices segment encompasses screws, pins, bone plates, rods, and wires.

The ophthalmology includes intraocular lens, synthetic corneas, functional replacements of ocular tissues, contact lens, and others. The dental segment has dental membranes, dental bone grafts & substitutes, dental implants, and tissue regeneration materials. The plastic surgery segment covers soft tissue fillers and craniofacial surgery. The wound healing segment has adhesion barriers, wound closure devices, internal tissue sealants, surgical hemostats, and hernia meshes. The tissue engineering segment includes nanomaterials for biosensing, scaffolds for regenerative medicine, and tailoring of inorganic nanoparticles. The neurological disorders segment studied hydrogel scaffolds for CNS repair, cortical neural prosthetics, shunting systems, and neural stem cell encapsulation.

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Regional Analysis:

Infrastructural superiority and ease of funding, along with easy technological inclusion, are expected to make sure that the North American market stays at the top during the forecast period.

Competitive Landscape:

BASF SE (Germany), Corbion N.V. (Netherlands), Royal DSM (Netherlands), Carpenter Technology Corporation (U.S.), Covestro (Germany), Invibio Ltd. (U.K.), Berkeley Advanced Biomaterials, Inc. (U.S.), Evonik Industries AG (Germany), Wright Medical Technology, Inc. (U.S.), Celanese Corporation (U.S.), CAM Bioceramics BV (Netherlands), Bayer AG (Germany), Collagen Matrix (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), and others are influencing the biomaterials market.

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Industry News:

In June 2020, Cambium Biomaterials, Inc., announced that they have emerged as the first company that had a field test of the novel bio-based fire-resistance product during a fire-in-flight demonstration. It was done in collaboration with the US Naval Air Warfare Center, Weapons Division in China Lake, Calif. (NAWCWD). The intent was to develop a bio-based, high-temperature composite material that would provide better fire protection for aircraft, submarines, spacecraft, ships, and others. This collaboration also triggered the manufacturing of biomaterials that can be used for both interior and exterior surface applications after getting it synergistically combined with synthetic biology, materials science, machine learning, chemistry, and robotics.

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