Biomaterials are used daily in surgery, dental applications and drug delivery. Biomaterial implant is a construct with impregnated pharmaceutical products which can be placed into the body, that permits the prolonged release of a drug over an extended period of time. A biomaterial may also be an autograft, allograft or xenograft used as a transplant material.
Market Snapshot
This report categorizes the market with various types, applications, companies, and regions. It focuses on the present scenario and the future growth of the global Biomaterial Implants market, especially in regions like North America, Asia-Pacific, Europe, South America, Middle East and Africa.
The global Biomaterial Implants market is expected to grow from USD 80 million in 2019 to USD 189 million by 2026, registering a CAGR of 13% from 2019 to 2026.
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Competitive Landscape
Integra LifeSciences Corporation
NuVasive, Inc
Edward LifeSciences Corporation
Stryker Corporation
LifeCell corporation
Medtronic
RTI Surgical, Inc
BioPolymer GmbH & Co. KG
Johnson & Johnson
Vericel Corporation
Alphatec Spine, Inc
CryoLife
Maxigen Biotech, Inc.
IOP Ophthalmic Products, Inc.
Growth Driver
The market growth is mainly attributed to the growing aging people, the increasing accident of cardiovascular disease, high prevalence of neurological, & orthopedic disorders, and rising number of hip and knee replacement procedures. Furthermore, the favorable government funding for supporting healthcare, continuous medical technology advancement, and rising awareness for biomaterials implants technology are factors that expected to giving impetus to market growth. On the contrary side, high cost of biomaterials production and occurrence of orthopedic inflammatory responses are factors that projected to obstruct the Biomaterial Implants market growth.
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Regional Overview
North America is the leading market and expected to continue the trend. Rising biomaterial-based research, increasing demand for plastic surgeries, increasing conferences on biomaterials, growing cancer incidence, and the rising prevalence of cardiovascular diseases are factors that propelling the market growth in North America. The Asia Pacific is anticipated to be the fastest growing region because of the rising cosmetic and plastic surgeries in India, lucrative medical device industry and new tax policy in China. Furthermore, the trend is also attributed to the growing number of cardiovascular diseases, increasing aging population, and rising volume of hip and knee replacement procedures in this region.
Type Overview
By product type, the Biomaterial Implants market is segmented into Cardiovascular implants, Orthopedic implants, Dental implants, and Other soft tissue implants.
Orthopedic implants segment occupied the largest market share 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, visco-supplementation, and nonconventional modular tumor implants.
Application Overview
The Biomaterial Implants is deployed in various end users: Hospital, Clinic, Beauty and Institutions.
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Target Audience:
Biomaterial Implants manufacturers
Raw material suppliers of Biomaterial Implants
Distributors and resellers of Biomaterial Implants
Biomaterial Implants industry associations
Product managers, Biomaterial Implants industry administrator, C-level executives of the industries
Market Research and consulting firms
Healthcare organizations
Research & Clinical Laboratories
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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