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Biomaterials Market by Type of Materials & Application - Global Forecast to 2021

Biomaterials Market: Global Forecast until 2021

  • January 2017
  • 263 pages
  • ID: 4604339
In this report:
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The U.S. is expected to account for the largest share (##.##%) of the North American biomaterials market in 2016 and grow at a CAGR of ##.##% during the forecast period.


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The biomaterials market is estimated to grow 149.17 billion by 2021 million from 70.90 billion in 2016, at a compound annual growth rate (CAGR) of 16.00 percent.

Elements such as growing funds and grants by governments global, growing incidence of cardiovascular diseases, technological improvements, the increase implantable devices market, globally increasing cases of hip and knee replacement procedures, growing awareness of tissue engineering, and important rise in geriatric population are driving the market rise. On the other hand, stringent clinical and regulatory processes and unfavorable healthcare reforms in the U.S.A, is anticipated to restrain the market increase.

The market demand for biodegradable polymers has rised, according to its superior biocompatibility and ability to slowly degrade inside the body, thus eliminating the need for removal. Superior physicochemical & biocompatible properties and the rising application areas of polymeric materials are likely to boost the increase of the market. Nevertheless, polymers are costly, which can hinder the increase of this market. A biomaterial is a natural or synthetic material suited to replace or treat natural body tissues and organs on interaction with biological systems.

The plastic surgery segment is anticipated to rise at the highest CAGR (Compound annual growth rate) during projection period, due to increasing number of elderly people, positive public perception towards cosmetic surgeries, and technological advances are factors growing the industry demand for plastic surgeries. In 2016, the cardiovascular segment is intended to account for the biggest share of the market, due to Elements such as rising prevalence of cardiovascular diseases, growing angiography procedures, and increasing usage of cardiac stents that are considered a safe option for coronary angioplasty treatment.

In 2016, North America continent is forecasted to account for the biggest share of the overall biomaterial market, succeeded by Europe (EU), Asia Pacific (APAC), and RoW. Increasing biomaterial-based research, growing demand for plastic surgeries, growing conferences on biomaterials, increasing cancer incidence, and the growing prevalence of cardiovascular diseases are forecast to steer industry growth in this area. In the next years, the Asia-Pacific area is forecast to grow at the highest compound annual growth rate (CAGR) during the outlook period. This increase can be accredited to Elements such as rising Japan's increasing healthcare industry, growing aging population, and high incidence of cardiovascular diseases in India (IN) and China (CN).

The market witnesses high competitive intensity, as there are various companies of different size with similar product offerings. These firms embrace different strategies (strategic agreements, alliances, joint ventures (JV), collaborations, business developments, latest product launches, and acquisitions) to rise their market shares and establish a strong foothold in the overall biomaterials market.

Comprehensive interviews were managed with CEOs, sales and marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the biomaterials market.

- By Company Type: Tier 1: 34.0 percent, Tier 2: 38.0 percent, Tier 3: 28.0 percent

- By Designation: Director-level: 31.0 percent, C-level: 35.0 percent, Others: 34.0 percent

- By area: North america (NA): 28.0 percent, Europe: 31.0 percent, APAC: 24.0 percent, RoW: 17.0 percent

The analysis includes the study of main actors

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn benefits the organizations to collect a larger market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies (business entry, product improvement/innovative projects, industry development, industry diversification, and opposing assessment) for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product portfolios of top actors in the biomaterials market. The analysis examines the biomaterials market, by type of material and application

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the biomaterials market

• Market Development: Highlighted information about the profitable emerging sectors. The market research examines the industries for different biomaterials across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the biomaterials market

• opposing assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of the key players in the biomaterials market

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