1. Market Research
  2. > Biotechnology Market Trends
  3. > Biomaterial

Biomaterials Market: Latest Industry Statistics and Trends

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
8 votes

Global Biomaterial Industry Analysis

The global biomaterials industry (one of the most impressive advanced material technologies) was worth close to $38 billion in 2011, according to research from Industry Experts. The market is expected to record close to 15% yearly growth for the ten-year period ending 2017 to reach $84 billion.

Biomaterials are used in the manufacture of medical devices, making them biocompatible. Medical devices are subject to strict regulatory standards. Medical technology development has negatively impacted plastic materials used in medical applications.

Biocompatibility has become key for implant materials, with strict demands regarding mechanical performance.

Key Market Segments

The global orthopedic biomaterial industry generated $12 billion in 2010, representing close to 38% of the overall biomaterial market, reports Markets and Markets. Demand is fuelled by an aging population and technological advancements in the biomaterials market. Market growth is expected to reach a yearly rate of close to 13% between 2010 and 2015, which is relatively slow as a result of market maturity.

Organic and synthetic orthopedic biomaterial products are used for implant in or around bone fractures. Their function is to encourage healing or make up for declining or absent bone tissue. Biomaterials need to be biocompatible not to result in inflammation or to be rejected by the body. Kalorama Information states that biomaterial products for orthopedic surgery include xenografts, synovial fluid substitutes, autografts, polymers, allografts, bone growth factors and ceramics. Common applications for orthopedic biomaterials include bone cements, fracture fixation plates, bone defect fillers and surface coatings for hip prostheses.

The global biocompatible materials market is expected to exceed $63 billion by 2015, reports Global Industry Analysts. Market growth is fuelled by rising life expectancy, an aging population, broader application areas of biomaterials, increased use of biocompatible materials, patient benefits and awareness, and comparatively shorter life cycles of medical device products.

Growth in the significant areas of biomaterial application include drug delivery, orthopedic, cardiovascular and neurological. On a yearly basis, 200,000 pacemakers and around 1 million orthopedic devices are implanted in patients worldwide. The industry is witnessing increasing use of natural substances like animal and human tissues in biomaterials for surgical use, driven by developments in tissue processing technologies, particularly in chronic conditions such as organ malfunction or failure. Leading companies operating in the global biocompatible materials industry include Orthovita, Synthes, A.P. Pharma, Integra LifeSciences, SurModics, Angiotech, SaluMedica, Biocoat, Artimplant, Dentsply International, AST Products and Invibio.

The world collagen and HA-based (Hyaluronic Acid-based) biomaterials market is expected to exceed $3.5 billion by 2017, according to research from Global Industry Analysts. Market growth will be fuelled by increasing interest in personal healthcare and a global aging population. Growth in the sector would benefit from technological advancements and developments in facial aesthetic dermal implants, bone grafting substance, and tissue engineering.

The US dominates the world market for collagen and HA-based biomaterials due to higher personal healthcare awareness and an aging population. The rest of the world constitutes the regional market recording the fastest rate of growth, expected to remain close to 12% through 2017. Hyaluronic Acid-based Biomaterials represent the leading market segment, and viscosupplements represent the largest segment among HA-based biomaterials. Facial aesthetic dermal implants represent the segment expected to record the fastest growth through 2017. Biomaterials demand for the treatment of cataracts, wrinkles and osteoarthritis is being driven by an aging worldwide population.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

0044 208 068 8943

1-10 of 22 reports

Global Dental Biomaterial Industry

  • January 2015
    8 pages
  • Dental Biomater...  

    Marketing Resea...  

  • World  

    United States  

    China  

View report >

Biomaterials and Biomaterial Industry in Canada

  • April 2016
    72 pages
  • Biomaterials  

    Biomaterial  

    Biomass  

  • Canada  

    World  

    North America  

View report >

Global Biomaterial Application Market Forecast

  • January 2017
    2 pages
  • Biomaterial App...  

    Orthopedic Biom...  

  • World  

    Europe  

    North America  

View report >

Biomaterial and Biomaterials Forecast in Europe

  • January 2017
    2 pages
  • Biomaterial  

    Biomaterials  

  • Europe  

    China  

    United Kingdom  

View report >

Biomaterials Market Forecast in Europe

  • January 2017
    2 pages
  • Biomaterials  

  • Europe  

View report >

Global Platelet-Rich Plasma Industry - Forecast

  • July 2016
    3 pages
  • Platelet-Rich P...  

  • World  

    United States  

View report >

The future of the Biomaterial Industry

  • July 2016
    4 pages
  • Biomaterial  

    Marketing Resea...  

  • World  

    United States  

View report >

Global Biomaterials Market Size - Forecast

  • January 2016
    4 pages
  • Biomaterials  

    Polymers  

  • United States  

View report >

The future of the Platelet-Rich Plasma Industry in Asia

  • January 2016
    2 pages
  • Platelet-Rich P...  

  • Asia  

    China  

    World  

View report >

Biomaterial Industry in New Caledonia

  • January 2015
    13 pages
  • Biomaterial  

  • New Caledonia  

    Oceania  

View report >

Search in Biomaterial Industry (22 reports)
Parent industry: Biotechnology
Related industries: Biological Therapy, Biopharmaceutical, Genetically Modified Organism, Genomics

68 reports

Purchase Reports From Reputable Market Research Publishers
(From € 1000 - € 5045)

Surgical Sutures Market by Product, Suture, Application, End User - Global Forecast to 2021

  • € 5045
  • Industry report
  • April 2017
  • by MarketsandMarkets

The surgical sutures market is projected to reach USD 4.40 billion by 2021 from USD 3.46 billion in 2016, at a CAGR of 5% during the forecast period. The market for surgical sutures is expanding due to ...

Global Platelet-rich Plasma (prp) Market Assessment & F ...

April 2017 € 3182

Dental Bone Graft Substitutes - Medical Devices Pipelin ...

April 2017 € 2273

Fibrinogen / Thrombin Sales, Price Analysis, & Sales Fo ...

April 2017 € 1000

Fibrinogen Sales, Price Analysis, & Sales Forecast - 20 ...

April 2017 € 1000

Us Market Overview For Orthopedic Biomaterials 2017 - M ...

March 2017 € 3632

Argentina Market Overview For Dental Bone Graft Substit ...

March 2017 € 3632

Argentina Market Report For Dental Bone Graft Substitut ...

March 2017 € 3632

Us Market Report For Spinal Machined Bone Allograft 201 ...

March 2017 € 3632

Us Market Report For Orthopedic Cell Therapy 2017 - Med ...

March 2017 € 3632

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.