Polymeric biomaterials are polymers that are biocompatible and are used in medical applications and devices. They plays an important role in tissue engineering and regenerative medicine applications due to their biodegradability and biocompatibility properties. Polymeric biomaterials can be natural polymers such as collagen, elastin or synthetic polymers like polyglycolic acid(PGA), polylactic acid (PLA) or polycaprolactone (PCL). These polymers are attractive candidates for drug delivery vehicles, medical implants, and scaffolds for tissue regeneration due to their tunable physicochemical properties and degradation behavior. Global polymeric biomaterials market is growing at a significant rate due to the increasing use of polymeric biomaterials in cardiovascular, orthopedic, dental and wound healing applications.
Market Dynamics:
Global polymeric biomaterials market is primarily driven by the rising prevalence of chronic diseases, growing geriatric population, increasing medical implants and tissue engineering procedures. According to the United Nations, the number of people aged 65 years and above is projected to grow from 703 Mn in 2019 to 1.5 billion by 2050. The increase in ageing population is expected to boost the demand for polymeric biomaterials used in implants, tissue scaffolds and other medical applications. Moreover, development of novel bioabsorbable polymers with tunable degradation properties, versatility in processing techniques and increasing research in regenerative medicine also helps to fuel the market growth. However, stringent regulatory approval process and high costs associated with research and development (R&D) could hamper the market expansion. Nevertheless, growing healthcare investments in emerging nations and ongoing advancements in medical technology are projected to unlock new opportunities over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global polymeric biomaterials market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global polymeric biomaterials market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Stryker, BASF SE, Evonik Industries AG, DSM, Bezwada Biomedical, LLC, Corbion, Victrex plc (Invibio Ltd.), International Polymer Engineering, Covalon Technologies Ltd., Medtronic, Abbott, Elixir Medical, REVA Medical, LLC, Meril Life Sciences Pvt. Ltd., and MicroPort Scientific Corporation.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global polymeric biomaterials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polymeric biomaterials market
Detailed Segmentation:
- Global Polymeric Biomaterials Market, By Product
- Polylactic Acid (PLA)
- Polyglycolic Acid (PGA)
- Polyurethanes
- Polytetrafluoroethylene (PTFE) & Expanded Polytetrafluoroethylene (ePTFE)
- Polyaryletheretherketone (PEEK)
- Polydioxanone (PDO)
- Others
- Global Polymeric Biomaterials Market, By Application
- Cardiovascular
- Bioresorbable Stents
- Vascular Grafts
- Sensors
- Guidewires
- Implantable Cardiac Defibrillators
- Pacemakers
- Others
- Dental
- Tissue Regeneration Materials
- Dental Implants
- Bone Grafts & Substitutes
- Dental Membranes
- Dental Sutures
- Others
- Orthopedic
- Joint Replacement Polymeric Biomaterials
- Tissue Fixation Products
- Orthobiologics
- Viscosupplementation
- Spine Biomaterials
- Others
- Plastic Surgery
- Facial Wrinkle Treatment
- Soft Tissue Fillers
- Craniofacial Surgery
- Bioengineered Skins
- Peripheral Nerve Repair
- Acellular Dermal Matrices
- Others
- Neurology
- Neural Stem Cell Encapsulation
- Shunting Systems
- Hydrogel Scaffold For CNS Repair
- Cortical Neural Prosthetics
- Others
- Others
- Global Polymeric Biomaterials Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Top Companies in the Global Polymeric Biomaterials Market:
- Stryker
- BASF SE
- Evonik Industries AG
- DSM
- Bezwada Biomedical, LLC
- Corbion
- Victrex plc (Invibio Ltd.)
- International Polymer Engineering
- Covalon Technologies Ltd.
- Medtronic
- Abbott
- Elixir Medical
- REVA Medical, LLC
- Meril Life Sciences Pvt. Ltd.
- MicroPort Scientific Corporation.
