The global biomaterials market is estimated to reach $139,736 million by 2022, growing at a CAGR of 11.8% from 2016 to 2022. Biomaterials are artificially derived synthetic or natural materials that are used in medical technology to improve the functionality of damaged tissues and organs. These biomaterials are used to interact with biological systems for medical purposes and treatments of cardiovascular, dental, orthopedic, and neurological disorders. Moreover, biomaterials can be implemented in various advanced medical technologies such as tissue engineering, plastic surgery, drug delivery devices, and other medical implants.Increase in geriatric population, high prevalence of cardiovascular, neurological, & orthopedic disorders, and heavy funding by government organizations to launch new products, increase awareness regarding the advantages of biomaterials products, increase production of implantable products, and advancements in medical technology are the key drivers of the market. The growth of the biomaterials market is hindered by factors such as high cost of biomaterial production, occurrence of inflammatory responses due to compatibility issues, and complications associated with the use of these products.
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The report analyzes the biomaterials market based on type, namely, metallic, polymeric, ceramic, and natural types. Metallic biomaterials are further segmented into stainless steel, titanium & titanium alloys, cobalt-chrome alloys, gold, and silver type. Polymeric biomaterials are further divided into polymethyl methacrylate (PMMA), polyethylene, polyester, polyvinylchloride, silicone rubber, nylon, and polyetheretherketone. Ceramic biomaterials are further segmented into calcium phosphate, zirconia, aluminum oxide, calcium sulfate, carbon, and glass. Natural biomaterials include hyaluronic acid, collagen & gelatin, fibrin, cellulose, chitin, alginates, and silk. The market is segmented based on application into cardiovascular, dental, orthopedic, wound healing, plastic surgery, ophthalmology, tissue engineering, neurological disorders, and drug-delivery systems. The report includes the revenue generated through sales in these aforementioned segments of the market.
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Metallic biomaterial segment presently dominates the global market, whereas polymeric biomaterial segment is projected to grow rapidly during the forecast period. Metallic biomaterials are widely used in orthopedic procedures for bone support and replacement, as they are strong and resistant to fatigue degradation. They are used in dental, cardiovascular, and cosmetic surgeries. Moreover, metals are used in neuromuscular stimulation devices due to their good electrical conductivity.
Orthopedic disorder is the largest application segment of the biomaterial market, owing to the increase in the number of orthopedic surgeries using implants. Biomaterials are used for developing orthopedic implants, which are used in various orthopedic procedures such as orthobiologics, bioresorbable tissue fixation products, joint replacements, spine implants, viscosupplementation, and nonconventional modular tumor implants.
The global biomaterials market is driven factors such as increase in geriatric population who are susceptible to diseases such as cardiovascular, dental, orthopedic, and neurological conditions. Biomaterials are extensively used in hip and knee replacement surgeries. The high demand for implantable devices has boosted the market growth. These implantable devices are widely used in chronic degenerative diseases such as orthopedic ailments and cardiovascular disorders.
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