Executive Summary

The global biomaterials market is set for robust growth over the coming years, propelled by increasing applications in healthcare sectors such as orthopedics, cardiovascular, and wound healing. Valued at approximately USD 45.15 billion in 2024, this dynamic market is expected to reach USD 59.11 billion by 2030, with a compound annual growth rate (CAGR) of 5.60% during the forecast period from 2025 to 2030. This growth is driven by rising geriatric populations and accelerating advancements in medical technologies, enhancing therapeutic solutions to improve patient outcomes significantly.

How Big is the Biomaterials Market?

• Market Size in 2024: USD 45.15 billion
• Market Size by 2030: USD 59.11 billion
• CAGR (2025-30): 5.60%
• Historical Years: 2020-2023
• Base Year: 2024
• Forecast Years: 2025-2030

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Top Biomaterials Companies in 2025

The major companies operating in the Biomaterials Market include:

• Novo Nordisk
• IFF
• BASF SE
• Covestro AG
• Celanese Corp.
• Carpenter Technology Corp.
• Evonik Industries AG
• DSM
• Corbion NV
• Victrex Plc
• Ceramtec GmbH
• Mitsubishi Chemical Corporation
• CoorsTek Inc.
• Berkeley Advanced Biomaterials
• Cam Bioceramics B.V. and more

Emerging Trends

The biomaterials market is witnessing a transformative shift due to the growing interest in bioabsorbable materials and smart biomaterials. Innovations in this sector are leading to advancements in tissue engineering and regenerative medicine, providing new avenues for treatment. These modern biomaterials effectively interact with biological systems, improving patient outcomes in various medical fields ranging from orthopedic implants to wound healing solutions. The continuous rise in the elderly population globally is also spurring demand for advanced medical devices and implants, further propelling market growth. Additionally, government-funded research initiatives are driving technological advancements, and the emergence of next-generation biomaterials is expected to create lucrative opportunities for industry players.

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Segmentation Insight

By Type:

• Metallic Biomaterials
• Polymeric Biomaterials
• Ceramic Biomaterials
• Natural Biomaterials

By Application:

• Orthopedic
• Cardiovascular
• Ophthalmology
• Dental
• Plastic Surgery
• Wound Healing
• Tissue Engineering
• Neurological/Central Nervous System
• Urinary

By Region:

• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa

Market Forecast Overview (2025-2030)

• CAGR Projection: 5.60%
• Largest Market Segment: Orthopedic Applications
• Top Region: North America
• Key Growth Drivers: Increasing incidence of chronic diseases, Growing demand for advanced medical devices, Rising investments in regenerative medicine, Expanding applications of biomaterials across therapeutic sectors, Government initiatives and funding for biomaterials research

Frequently Asked Questions (FAQs)

What is the biomaterials market size?

• The biomaterials market is valued at approximately USD 45.15 billion in 2024.

What is the expected biomaterials market share?

• The market share will significantly grow, reaching approximately USD 59.11 billion by 2030.

What are the top 7 biomaterials companies?

• Key players include Novo Nordisk, IFF, BASF SE, Covestro AG, Celanese Corp., Carpenter Technology Corp., and Evonik Industries AG.

What are the current biomaterials market trends?

• Trends include the rise of bioabsorbable materials and smart biomaterials, enhancing applications in various medical fields.

What are the latest biomaterials market statistics?

• The market is expected to grow at a CAGR of 5.60% from 2025 to 2030, with significant drivers from chronic illness prevalence and technological advancements.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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