North America Is Dominating Biomaterials Industry

The global biomaterials market was valued at USD 112.7 billion in 2021 and will grow at a rate of about 13.4% during 2021–2030, reaching USD 349.1 billion by 2030, according to P&S Intelligence.

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This growth is encouraged by technological improvements the rising occurrence of musculoskeletal and chronic skeletal medicinal situations, and increasing government aid such as funds and grants in order to fuel the making of novel biomaterials. Additionally, the rising development and increasing count of fitness centers and well-being clubs drive the need for biomaterials.

The elderly populace needs extensive care as they are extremely disposed to diseases, because of low immunity and more recovery time. credited to the fluctuations in tendons and ligaments with oldness, the elasticity of joints reduces, and their motion becomes more limited.

North America generated the highest revenue share, of approximately USD 50 billion, in the biomaterials industry. This can be credited to thriving healthcare spending, and increasing government held, and growing knowledge regarding implantable medical devices.

Furthermore, the existence of a huge count of key players, the growing requirement for implantable devices, and the rising count of knee and hip replacements are also boosting the requirement for biomaterials in the U.S. Additionally, women are becoming more attracted toward plastic surgeries, such as facelifts, liposuction, tummy tucks, breast augmentation, and breast lifts, boosts the regional industry.

Hence, technological improvements the rising occurrence of musculoskeletal and chronic skeletal medicinal situations, and increasing government aid such as funds and grants in order to fuel the making of novel biomaterials are the major factors propelling the biomaterials industry. 

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How are Biomaterials Used in Current Medical Practice?

Biomaterials to laymen may sound like a sort of fuel, but the truth is that, they are the materials engineered to interact with body organs for medical purposes. This could be in the form of a prosthetics, fillings or anything else. These materials can be metals, polymers, ceramics and composites. These are supposed to help the body without affecting other organs. 

In short, Biomaterials are substances that are used in the field of medicine and dentistry to mend a living tissue without interfacing with it. These are often used in medical or healthcare world to augment or recover a natural function.

Usage of Biomaterials in Medical Science

• Medical implants like ligaments, and tendons, hearing implants, heart valves dental implants and equipment that tingle nerves.

• They are used to promote tissues healing in humans, such as dissolvable dressings, sutures and staples for wound closure.

• Human tissues regeneration is possible, by using a blend of scaffolds, or biomaterial supports or scaffolds, cells, and bioactive molecules. 

• Molecular investigations and nanoparticles break the biological barricades and support cancer imaging and treatment at the molecular level.

• Biosensors are used to sense the existence and number of specific materials and convey that data. For instance, the blood glucose monitoring equipment and brain activity monitoring devices.

• Drug-delivery arrangements that transport drugs to target a specific disease. For instance, vascular stents and implantable chemotherapy wafers covered with drug for cancer patients.

Natural Biomaterials

These are obtained from natural sources including, animals, plants bacteria and other microorganisms. Natural biomaterials are mainly categorized into three categories, animal based, microbial sources and plant based.

Synthetic Biomaterials

These are mainly made in the laboratory, and one of the major examples are polymers obtained from petroleum created synthetically. Synthetic biomaterials are also known as biostable and biodegradable contingent, based on their degradation pace when rooted in an organism.

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How is Rising Demand for Implantable Devices Driving Biomaterial Market?

The implantable devices niche is expanding rapidly due to the growing geriatric population, continuous innovation and development of products, increasing number of hip and knee replacements, and surging prevalence of diseases. Implantable devices are used for replacing a part of body, such as an organ, when it fails to perform its functions. These devices then are placed inside the body through medical intervention. Various applications of implantable devices include neurological conditions, plastic surgery, cardiovascular, obstetrics, dentistry, and ophthalmology. The demand for devices, such as artificial pacemaker, implantable cardioverter defibrillator, stents, and artificial heart valve, is increasing rapidly due to high incidence of heart failures or cardiovascular diseases. Similarly, the rising incidence of knee and hip injuries are resulting in the increasing requirement for their replacement. Since implantable devices are made up of biomaterials, their demand is increasing with the rising need for biocompatible devices.

Any synthetic or natural material used as a part of body to treat, replace, or augment tissue, or organ is referred to as biomaterial. Biomaterials are highly corrosion resistant, biocompatible, biofunctional, and have adequate strength. As per a study conducted by the P&S Intelligence, the global biomaterials market is expected to generate a revenue of $175.9 billion, witnessing a CAGR of 16.1%, in the coming years. Different materials used for making biomaterials include polymer, ceramic, and metallic. Out of these, the highest demand during 2012–2015 was created for metallic biomaterials. In the near future, the fastest growth in demand is predicted to be witnessed by polymer biomaterials.

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The expanding healthcare domain in developing countries is expected to provide wide scope to biomaterial manufacturers. The healthcare domain in emerging economies is still a fraction of that in developed countries, however, it has experienced considerable growth in the past few years and is further projected to grow significantly in the coming years, especially in the Latin America and Asia-Pacific regions. Since the market in these regions is fragmented, along with the improving healthcare infrastructure and presence of large population base, investors are attracted toward them more rather than the developed countries. Moreover, the overall cost of manufacturing of medical devices in emerging economies tend to be low leading to reduced cost of the product without compromising the quality. Also, as the income level of people in these countries is increasing, they are now in a position to afford high-quality implants, hence resulting in rising demand for biomaterial.

Global Biomaterial Market Segmentation
By Material

·         Metallic Biomaterial

·         Polymer Biomaterial

·         Ceramic Biomaterial

·         Others Biomaterial

By Application

·         Cardiovascular

·         Orthopedic

·         Dental

·         Wound Healing

·         Plastic Surgery

·         Ophthalmology

·         Neurological Condition

·         Others

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