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Biocompatible Materials - Global Market Trajectory & Analytics

  • ID: 338411
  • Report
  • July 2020
  • Region: Global
  • 143 Pages
  • Global Industry Analysts, Inc
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Global Biocompatible Materials Market to Reach US$215.9 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Biocompatible Materials estimated at US$93.3 Billion in the year 2020, is projected to reach a revised size of US$215.9 Billion by 2027, growing at a CAGR of 12.7% over the analysis period 2020-2027.Polymeric, one of the segments analyzed in the report, is projected to grow at a 14.4% CAGR to reach US$85.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metallic segment is readjusted to a revised 11.8% CAGR for the next 7-year period. This segment currently accounts for a 36% share of the global Biocompatible Materials market.

The U. S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 12.1% CAGR for the Period of 2020-2027

The Biocompatible Materials market in the U. S. is estimated at US$27.6 Billion in the year 2020. The country currently accounts for a 29.55% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$37.4 Billion in the year 2027 trailing a CAGR of 12.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 10.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR while Rest of European market (as defined in the study) will reach US$37.4 Billion by the year 2027.

Ceramic Segment Corners a 21.6% Share in 2020

In the global Ceramic segment, USA, Canada, Japan, China and Europe will drive the 10.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$16.1 Billion in the year 2020 will reach a projected size of US$32.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$25.4 Billion by the year 2027.The publisher brings years of research experience to this 19th edition of our report. The 143-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • AdvanSource Biomaterials Corporation
  • BASF SE
  • Celanese Corporation
  • Collagen Solutions Plc
  • Corbion N. V
  • Exactech
  • Morgan Technical Ceramics
  • Nobel Biomaterials

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Biocompatible Materials - Transforming Medicine

Recent Market Activity

Current and Future Analysis

Increasing R& D Investments Boost Growth Prospects

Developing Regions to Propel Future Growth

Technological Advancements Foster Growth for Biomaterials

Factors Determining Market Growth

Awareness of Basic Mechanisms of Cell-Material Interaction

Birth of Cross-Disciplinary Field of Tissue Engineering

Rise in Biomaterial Prices

Reimbursement Issues Continue to Impact Growth

Global Competitor Market Shares

Biocompatible Materials Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

AdvanSource Biomaterials Corporation (USA)

BASF SE (Germany)

Berkeley Advanced Biomaterials, Inc. (USA)

Biomet, Inc. (USA)

BioMimetic Therapeutics LLC (USA)

BonAlive Biomaterials, Ltd. (Finland)

Cam Bioceramics BV (Netherlands)

Celanese Corporation (USA)

Collagen Solutions Plc (UK)

Corbion NV (Netherlands)

Evonik Industries AG (Germany)

Exactech, Inc. (USA)

Hycail Finland OY (Finland)

Invibio Biomaterial Solutions (UK)

Morgan Technical Ceramics (UK)

Nobel Biomaterials, Inc. (USA)

Royal DSM N.V. (The Netherlands)

Stryker Corporation (USA)

3. MARKET TRENDS & DRIVERS

Next Generation of Biomaterials Focus on Self-Healing

Tissue Engineering & Regenerative Medicine - Emerging Growth Avenues

Growing Use of Biocompatible Materials as Scaffolds for Tissue Engineering

Focus Grows on Application of Nanotechnology to Biomaterials

Increasing Adoption of Medical Implants Fuels Demand

Bone Graft Procedures - Market Opportunity

Growing Use of Dental Biomaterials Aid Market Growth

Natural Substances find Increased Application in Biomaterial Syntheses

Biocompatible Coatings Play an Indispensable Role

Bioactive Coating Devices - An Insight

Active Coatings to Grow in Demand

Major Applications of Hemocompatible Coatings

Age of Bioabsorbable Stents

Wound Care Biologics Gain Prominence with Biomaterial Products

Advanced Ceramics and Opportunities Ahead

Orthobiologics Gain Traction in the Bone Grafts Market

Collagen - An Efficient Biomaterial for Synthetic Vascular Grafts

Tissue Engineered Collagen Biomaterials Play an Important Role in Joint Reconstruction & Wound Healing

Hyaluronic Acid Viscosupplementation - A Non-Surgical Therapy Option for Osteoarthritis

Chitin as a New Biomaterial

New Directions - Insight into Select Areas of Research

Use of Photopolymerizable Polymers

Electrically Conductive Polymers

Protein-based Biomaterials

Advanced Hydrogels

Biodegradable Scaffolds

Immuno-modulatory Biomaterials

Long Term Growth Drivers

Ageing Population - A Perennial Growth Driver

Chronic Wounds and Healthcare Burden

Rising Prevalence of Arthritis and Other Orthopedic Disorders to Drive Biomaterials Market

Alarming Levels of Cardiovascular Disease (CVD) Prevalence: A Key Driver

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Biocompatible Materials Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Biocompatible Materials Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Biocompatible Materials Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Polymeric (Material Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Polymeric (Material Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Polymeric (Material Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Metallic (Material Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Metallic (Material Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Metallic (Material Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Ceramic (Material Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Ceramic (Material Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Ceramic (Material Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Other Material Types (Material Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Other Material Types (Material Type) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Other Material Types (Material Type) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Biocompatible Materials Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 16: Biocompatible Materials Market in the United States in US$ Million by Material Type: 2020-2027
TABLE 17: Biocompatible Materials Historic Demand Patterns in the United States in US$ Million by Material Type: 2012-2019
TABLE 18: United States Biocompatible Materials Market Share Breakdown by Material Type: 2012 VS 2020 VS 2027

CANADA

TABLE 19: Canadian Biocompatible Materials Market Estimates and Forecasts in US$ Million by Material Type: 2020-2027
TABLE 20: Biocompatible Materials Market in Canada: Historic Analysis in US$ Million by Material Type for the period 2012-2019
TABLE 21: Canadian Biocompatible Materials Market Shares in Percentages by Material Type: 2012 VS 2020 VS 2027

JAPAN

TABLE 22: Japanese Biocompatible Materials Market Estimates and Projections in US$ Million by Material Type: 2020-2027
TABLE 23: Biocompatible Materials Demand Patterns in Japan in US$ Million by Material Type: 2012-2019
TABLE 24: Japanese Biocompatible Materials Market Share in Percentages by Material Type: 2012 VS 2020 VS 2027

CHINA

TABLE 25: Chinese Demand Estimates and Forecasts for Biocompatible Materials Market in US$ Million by Material Type: 2020-2027
TABLE 26: Biocompatible Materials Historic Demand Scenario in China in US$ Million by Material Type: 2012-2019
TABLE 27: Chinese Biocompatible Materials Market Share Breakdown by Material Type: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Biocompatible Materials Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 28: European Biocompatible Materials Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 29: Biocompatible Materials Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 30: European Biocompatible Materials Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: Biocompatible Materials Demand Potential in Europe in US$ Million by Material Type: 2020-2027
TABLE 32: European Biocompatible Materials Historic Market Analysis in US$ Million by Material Type: 2012-2019
TABLE 33: Biocompatible Materials Market in Europe : Breakdown of Sales by Material Type for 2012, 2020, and 2027

FRANCE

TABLE 34: Biocompatible Materials Recent Past, Current & Future Market Analysis in France in US$ Million by Material Type: 2020-2027
TABLE 35: French Biocompatible Materials Market: Historic Review in US$ Million by Material Type for the Period 2012-2019
TABLE 36: French Biocompatible Materials Market Share Shift by Material Type: 2012 VS 2020 VS 2027

GERMANY

TABLE 37: German Biocompatible Materials Market Estimates and Projections in US$ Million by Material Type: 2020-2027
TABLE 38: Biocompatible Materials Market in Germany: Historic Demand Analysis in US$ Million by Material Type for the Period 2012-2019
TABLE 39: German Biocompatible Materials Market Share Distribution by Material Type: 2012 VS 2020 VS 2027

ITALY

TABLE 40: Italian Demand Estimates and Forecasts for Biocompatible Materials Market in US$ Million by Material Type: 2020-2027
TABLE 41: Biocompatible Materials Historic Demand Scenario in Italy in US$ Million by Material Type: 2012-2019
TABLE 42: Italian Biocompatible Materials Market Share Breakdown by Material Type: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 43: United Kingdom Biocompatible Materials Market Estimates and Projections in US$ Million by Material Type: 2020-2027
TABLE 44: Biocompatible Materials Demand Patterns in the United Kingdom in US$ Million by Material Type: 2012-2019
TABLE 45: United Kingdom Biocompatible Materials Market Share in Percentages by Material Type: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 46: Biocompatible Materials Demand Potential in Rest of Europe in US$ Million by Material Type: 2020-2027
TABLE 47: Rest of Europe Biocompatible Materials Historic Market Analysis in US$ Million by Material Type: 2012-2019
TABLE 48: Biocompatible Materials Market in Rest of Europe: Breakdown of Sales by Material Type for 2012, 2020, and 2027

ASIA-PACIFIC

TABLE 49: Biocompatible Materials Recent Past, Current & Future Market Analysis in Asia-Pacific in US$ Million by Material Type: 2020-2027
TABLE 50: Asia-Pacific Biocompatible Materials Market: Historic Review in US$ Million by Material Type for the Period 2012-2019
TABLE 51: Asia-Pacific Biocompatible Materials Market Share Shift by Material Type: 2012 VS 2020 VS 2027

REST OF WORLD

TABLE 52: Rest of World Biocompatible Materials Market Estimates and Forecasts in US$ Million by Material Type: 2020-2027
TABLE 53: Biocompatible Materials Market in Rest of World: Historic Analysis in US$ Million by Material Type for the period 2012-2019
TABLE 54: Rest of World Biocompatible Materials Market Shares in Percentages by Material Type: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 53

Note: Product cover images may vary from those shown
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