Overview and Scope
Polymer biomaterials are inert pharmacological substances made up of natural and synthetic origin. Polymer biomaterials are used for enhancing the functionality of tissues and organs that are damaged in various disease therapies.
Sizing and Forecast
The polymer biomaterial market size has grown rapidly in recent years. It will grow from $66.45 billion in 2023 to $79.06 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to increasing demand for medical devices, growing awareness of the benefits of polymer biomaterials, rising prevalence of chronic diseases, growing demand for polymer biomaterials in ophthalmology.
The polymer biomaterial market size is expected to see rapidly grown in the next few years. It will grow to $146.61 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to customized and personalized medicine, regenerative medicine, 3d printing and biofabrication, aging population. Major trends in the forecast period include advanced drug delivery, bioresorbable polymers, nanotechnology integration, combination therapies, sustainability and biodegradability, smart and responsive materials, biocompatibility advancements.
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Segmentation & Regional Insights
The polymer biomaterial market covered in this report is segmented –
1) By Type: Nylon, Silicone Rubber, Polyester, Polymethyl Methacrylate (PMMA), Polyethylene (PE), Polyvinyl Chloride, Other Types
2) By Nature: Natural, Synthetic
3) By Application: Cardiovascular, Ophthalmology, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Orthopedics, Neurological Disorders / Central Nervous System, Other Applications
North America was the largest region in the polymer biomaterials market in 2023. Western Europe was the second-largest region in the global polymer biomaterials market report. The regions covered in the polymer biomaterial market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
Increasing applications of polymeric biomaterials in tissue engineering are driving the global polymer biomaterials market. Polymers are extensively used in regenerative medicine and tissue engineering due to their flexibility and versatile properties such as tailoring the damaged tissue’s physical, chemical, and mechanical properties by modification of functional groups during synthesis, according to the regeneration capability of tissues of the organs. Besides being biodegradable, they offer different geometry and structures, thus meeting the needs of specific tissue engineering applications. These growing applications of polymer biomaterial in tissue engineering are expected to drive the market in the forecast period.
Key Industry Players
Major companies operating in the polymer biomaterial market include BASF SE, Corbion N.V., Zimmer Biomet Holdings Inc., Royal DSM N.V., Koninklijke DSM N.V., Covestro AG, Evonik Industries AG, Starch Medical Inc., Victrex plc, W. L. Gore and Associates Inc., Bayer AG, DSM Biomedical B.V., Purac Biomaterials, Ticona LLC, Invibo LLC, Covalon Technologies Ltd., Osteotech Inc., Medtronic plc, Stryker Corporation, Synthes Inc., Mitsui & Co. Ltd., Polyfibre Industries Pte Ltd., Toray Industries Inc., Stein Fibers Ltd., Diyou Fiber Corporation, Bezwada Biomedical LLC, Collagen Solutions plc, Cam Bioceramics B.V., CeramTec GmbH, Gelita AG, AorTech Biomaterials Pty Ltd., Berkeley Advanced Biomaterials Inc., Biocomposites Ltd., BioHorizons IPH Inc., Biomerics LLC, Bioteque Corporation, Carpenter Technology Corporation, CollPlant Holdings Ltd., CoorsTek Inc., EndoShape Inc., Heraeus Medical Components LLC, Kyocera Corporation, PolyNovo Biomaterials Pty Ltd., Secant Group LLC
The polymer biomaterial market report table of contents includes:
1. Executive Summary
2. Polymer Biomaterial Market Characteristics
3. Polymer Biomaterial Market Trends And Strategies
4. Polymer Biomaterial Market – Macro Economic Scenario
5. Global Polymer Biomaterial Market Size and Growth
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31. Global Polymer Biomaterial Market Competitive Benchmarking
32. Global Polymer Biomaterial Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Polymer Biomaterial Market
34. Polymer Biomaterial Market Future Outlook and Potential Analysis
35. Appendix
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