Biocompatible Material Market, By Material (Synthetic Polymers, Natural Polymers, Metals, and Ceramics), By Application (Surgical and Medical Instruments, Surgical Appliances & Materials, Drug Delivery, Diagnostic Product, Ophthalmic Goods, Electromedical Equipment, and Others), and By Geography (NA, EU, APAC, LATAM and MEA) Analysis, Share, Trends, Size, & Forecast From 2020 2026
REPORT HIGHLIGHT
The Biocompatible Material market was valued at USD XX billion by 2018, growing with XX% CAGR during the forecast period, 2020-2026
Market Dynamics
Biocompatible materials are products that are safe for the human body and can be used in various treatment methods. The use of biocompatible materials eliminates or reduces the risk of a reaction or harm to the body. These may be natural or synthetic and are often used as a substitute for a human part and function the same way a real organ would. It may also be known as a device that is compatible with a certain biological system within in the body. The materials range from silicone, Teflon, titanium etc. For instance, Titanium is often used as implants in orthopedic and traumatology.
Newer technology is constantly underway which therefore will only result in the positive growth of this industry. An article published in the Unian Information Agency, April 2020, stated that a newer technology using Titanium alloys is being worked on. This product in addition to the inherent properties of the allow, also contains an anti-bacterial coating or film that can have a significant positive impact on the body during implants. Silicone, for instance, is another material that is commonly used for plastic surgery. It is biocompatible has it does not have any adverse effect on the body and is known to be non-toxic.
Due to the strong chemically stable structure of the product it is often used a fillers for lips and increasing other body parts as stated in the Healthline Media. The key drivers for the industry are the ongoing need for materials that are safe for human use and work well with the human body. With an increase in plastic surgery demand and the applications in orthopedic the biocompatible materials are witnessing growth and are expected to continue to. A strict regulatory guideline on implants and the high industry standards due to safety issues maybe cause a hindrance to the growth of the industry. For instance, the FDA (Food Drug and Administration) themselves warns against the use of liquid silicone in fillers as stated in healthline.com.
Types Takeaway
The industry is broadly categorized into synthetic polymers, natural polymers, metals, and ceramics. Natural polymers dominate the worldwide market as this products are widely used as a drug delivery system (DDS).
A study on ‘Recent Advances in Natural Polymer-based DDS’ published on Science Direct stated (January 2020), natural polymers are being worked upon as vehicles for encapsulation because of their high level of biocompatibility. These include polysaccharides like hyaluronic acid, chitosan, and proteins. Multi-functional natural polymers are also being widely research as carrier systems. This is followed by the use of metallic biocompatible materials, generally includes titanium, zinc alloys and many others that are used commonly for various procedures.
Application Takeaway
Depending upon applications, the industry has been categorized into surgical and medical instruments, surgical appliances & materials, drug delivery, diagnostic product, ophthalmic goods, and electromedical equipment. Surgical appliances and materials use biocompatibility to reduce the risk of the surgery and improving the overall safety of the procedure, as stated in the study published in March 2019, research gate on ‘Overview of Biocompatible Materials and their use in medicine’.
Consistent research on Biocompatibility and biodegradable materials used is being carried that results in positive industry growth. For instance, a study published on the National Centre of Biotechnology stated how nanoparticles redesigned as a carrier for drug delivery due to its biocompatibility and the biodegradability it possesses. Therefore, these areas are expected to continue to grow over the forecasted period.
Regional Takeaway
North America is one of the largest players with regards to the global biocompatible materials market. This can be attributed to the consistent research and development that the country is doing in research related to this industry.
Asia Pacific countries such as China and India are growing in terms of expanding their capabilities in the research and development of biocompatible materials. For instance, an article on Bio Spectrum India stated that Kiran Medical Systems, they have developed radiation protective gears all of which comply with biocompatible products international standards.
Key Vendor Takeaway
The key market players in the biocompatible material industry are AdvanSource Ashland Inc, Stratasys Ltd., Biomaterials Corporation, Baxter International Inc., Dupont, ASM International, Ensinger GmbH, Sanofi S.A, and Biomaterial LLC.
ASM International ho is one of the leading players has announced a new CEO, President and chairman of the Board ASMI. Therefore, it holds scope for changes and newer growth opportunities for the firm. Another firm Geltor, who manufactures collagens are used in skin care products to create biocompatibility with the human skin system has tied up with Connell who is among the best distributors as published in the ‘Cosmetic Design’ on November 2019.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
BIOCOMPATIBLE MATERIAL MARKET PLAYERS
- AdvanSource Ashland Inc.
- Stratasys Ltd.
- Biomaterials Corporation
- Baxter International Inc.
- Dupont
- ASM International
- Ensinger GmbH
- Sanofi S.A
- Biomaterial LLC
BIOCOMPATIBLE MATERIAL MARKET BY TYPE
- Synthetic Polymers
- Natural Polymers
- Metals
- Ceramics
- Others
BIOCOMPATIBLE MATERIAL MARKET BY APPLICATION
- Surgical and Medical Instrument
- Surgical Appliances & Materials
- Drug Delivery
- Diagnostic Product
- Ophthalmic Goods
- Electromedical Equipment
- Others
BIOCOMPATIBLE MATERIAL MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. BIOCOMPATIBLE MATERIAL MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Types
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. BIOCOMPATIBLE MATERIAL KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. BIOCOMPATIBLE MATERIAL INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. BIOCOMPATIBLE MATERIAL MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. BIOCOMPATIBLE MATERIAL MARKET – BY TYPES
6.1. Overview
6.1.1. Segment Share Analysis, By Types, 2019 & 2026 (%)
6.2. Synthetic Polymers
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Natural Polymers
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.4. Metals
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.5. Ceramics
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.6. Others
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. BIOCOMPATIBLE MATERIAL MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2019 & 2026 (%)
7.2. Surgical and Medical Instrument
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Surgical Appliances & Materials
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.4. Drug Delivery
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.5. Diagnostic Product
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.6. Ophthalmic Goods
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.7. Electromedical Equipment
7.7.1. Overview
7.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.8. Others
7.8.1. Overview
7.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. BIOCOMPATIBLE MATERIAL MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Biocompatible Material Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.2.4. North America Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Biocompatible Material Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Biocompatible Material Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Biocompatible Material Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.5.5. Latin America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Biocompatible Material Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Types, 2015 – 2026 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. AdvanSource Ashland Inc.
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Stratasys Ltd.
9.3. Biomaterials Corporation
9.4. Baxter International Inc.
9.5. Dupont
9.6. ASM International
9.7. Ensinger GmbH
9.8. Sanofi S.A
9.9. Biomaterial LLC
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Biocompatible Material market: Types Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Types
TABLE Global Biocompatible Material market, by Types 2015-2026 (USD Million)
TABLE Biocompatible Material market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Biocompatible Material market, by Application 2015-2026 (USD Million)
TABLE Biocompatible Material market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Biocompatible Material market, by Region 2015-2026 (USD Million)
TABLE North America Biocompatible Material market, by Country, 2015-2026 (USD Million)
TABLE North America Biocompatible Material market, by Types, 2015-2026 (USD Million)
TABLE North America Biocompatible Material market, by Application, 2015-2026 (USD Million)
TABLE Europe Biocompatible Material market, by Country, 2015-2026 (USD Million)
TABLE Europe Biocompatible Material market, by Types, 2015-2026 (USD Million)
TABLE Europe Biocompatible Material market, by Application, 2015-2026 (USD Million)
TABLE Asia Pacific Biocompatible Material market, by Country, 2015-2026 (USD Million)
TABLE Asia Pacific Biocompatible Material market, by Types, 2015-2026 (USD Million)
TABLE Asia Pacific Biocompatible Material market, by Application, 2015-2026 (USD Million)
TABLE Latin America Biocompatible Material market, by Country, 2015-2026 (USD Million)
TABLE Latin America Biocompatible Material market, by Types, 2015-2026 (USD Million)
TABLE Latin America Biocompatible Material market, by Application, 2015-2026 (USD Million)
TABLE Middle East and Africa Biocompatible Material market, by Country, 2015-2026 (USD Million)
TABLE Middle East and Africa Biocompatible Material market, by Types, 2015-2026 (USD Million)
TABLE Middle East and Africa Biocompatible Material market, by Application, 2015-2026 (USD Million)
List of Figures
FIGURE Biocompatible Material market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Types segment market share analysis, 2019 & 2026
FIGURE Types segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Synthetic Polymers market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Natural Polymers market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Metals market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Ceramics market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Others market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Application segment market share analysis, 2019 & 2026
FIGURE Application segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Surgical and Medical Instrument market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Surgical Appliances & Materials market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Drug Delivery market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Diagnostic Product market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Ophthalmic Goods market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Electromedical Equipment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Others market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America Biocompatible Material market share and leading players, 2018
FIGURE Europe Biocompatible Material market share and leading players, 2018
FIGURE Asia Pacific Biocompatible Material market share and leading players, 2018
FIGURE Latin America Biocompatible Material market share and leading players, 2018
FIGURE Middle East and Africa Biocompatible Material market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe Biocompatible Material market share analysis by country, 2018
FIGURE Germany Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE France Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific Biocompatible Material market share analysis by country, 2018
FIGURE India Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APAC Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Biocompatible Material market share analysis by country, 2018
FIGURE Brazil Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Biocompatible Material market share analysis by country, 2018
FIGURE Saudi Arabia Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates Biocompatible Material market size, forecast and trend analysis, 2015 to 2026 (USD Million)
