The global Synthetic biomaterials market size is expected to reach USD 145.1 Billion in 2021 and register a revenue CAGR of 14.8%, according to the latest report by Reports and Data. Market revenue growth can be attributed to increasing number of accidents, rising prevalence of chronic diseases, and developments in Synthetic biomaterials technologies.

Synthetic biomaterials are artificial or natural materials used to help in the healing process of injured tissues, muscles, bones, and organs function efficiently. These materials are being used to interact with biological systems that are designed to treat cardiovascular, orthopedic, neurological, and dental disorders. The global Synthetic biomaterials market is expected to be driven by continuous technological developments and innovations in the Synthetic biomaterials industry, increasing use of implantable devices, and high demand for plastic operations employing Synthetic biomaterials among patients and healthcare professionals.

Market Dynamics:

The pharma and healthcare sector has significantly advanced in the recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery and growing investments by public and private sectors are expected to drive global market growth in the coming years.

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Some Key Highlights from the Report:

  • Based on application (material type), the cardiovascular segment accounted for largest revenue share in 2021 and is expected to continue to contribute major revenue share over the forecast period. Natural Synthetic biomaterials in cardiovascular Synthetic biomaterials are expected to gain substantially high demand in the years to come, owing to various benefits offered by the product as compared to synthetic Synthetic biomaterials in biocompatibility, biodegradability, and remodeling. 
  • Based on application, tissue engineering segment is expected to register robust revenue CAGR. Revenue growth of this segment can be attributed to rising prevalence of diabetes and obesity as a result of lifestyle changes across the globe.
  • Based on end user, the hospitals & clinics segment is expected to account for major revenue share over the forecast period, as a consequence of increased hospital admissions due to rising incidence of various chronic diseases and availability of competent personnel in hospitals and clinics. 
  • North America market accounted for largest revenue share in 2021, due to increasing initiatives by government and private organizations, high investments by major players in research & developments and manufacturing of various products that require Synthetic biomaterials are some of the key factors driving revenue growth of the market in this region. 
  • Asia Pacific is expected to register fastest revenue growth rate owing to increasing geriatric population along with rising patient pool in healthcare facilities due to increasing prevalence of various chronic diseases such as cardiovascular diseases and orthopedic replacement. For instance, cardiovascular diseases are one of the leading causes of mortality in countries in the region. In addition, strong presence of major players and strategic initiatives by government of countries in the region are factors supporting revenue growth of the Asia Pacific market.
  • In November 2020, clean manufacturing leader Genomatica signed a first-of-its-kind deal with Aquafil to build a demonstration scale facility to produce the largest quantity of 100% renewable nylon-6 ever available. The deal has major impact on the sustainability of consumer products and Synthetic biomaterials manufacturing technology to create a new demonstration facility.

Leading companies operating in the market are:

Berkeley Advanced Synthetic biomaterials, Royal DSM, Carpenter Technology Corporation, BASF SE, Corbion, Cam Bioceramics B.V., Celanese Corporation, CoorsTek Inc., CeramTec, Evonik Industries, and GELITA AG. 

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Synthetic biomaterials market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Synthetic biomaterials Market Segmentation:

Application (Material Type) Outlook (Revenue, USD Billion, 2019 - 2030)

  • Cardiovascular
    • Natural Synthetic biomaterials
      • Small intestine submucosa
      • Pericardium
      • Engineered tissues
      • Other
    • Synthetic Synthetic biomaterials
      • Polymers
        • Polyurethane
        • Other
      • Metals
        • Titanium
        • Stainless steel
        • Alloy
      • Composite Synthetic biomaterials
    • Orthopedic
      • Metals
        • Stainless steel
        • Alloy
        • Titanium
      • Polymers
        • Polymethacrylate
        • Polyethylene 
        • Polypropylene (PP)
        • Other
      • Ceramic
        • Calcium phosphate
        • Glass
        • Aluminum Oxide
        • Other
      • Ophthalmology
        • Silicone
        • Polymethacrylate
        • Cellulose acetate butyrate
        • Other
      • Dental
        • Metals
          • Stainless steel
          • Alloy
          • Titanium
        • Polymers
          • Polyurethane
          • Polyamide
          • Polyurethane
          • Zirconia
          • Other
        • Ceramic
          • Carbon
          • Glass
          • Aluminum Oxide
          • Other
        • Plastic Surgery
          • Natural Synthetic biomaterials
            • Collagen
            • Hyaluronic acid
            • Other
          • Synthetic Synthetic biomaterials
            • Polymers
              • Polymethyl methacrylate (PMMA)
              • Silicone
              • Other
            • Ceramic Materials
              • Hydroxyapatite
              • Glass
              • Other
          • Wound Healing
            • Natural Synthetic biomaterials
              • Chitosan
              • Cellulose
              • Other
            • Synthetic Synthetic biomaterials
              • Polyethylene
              • Polyurethane 
              • Polycaprolactone
              • Other
            • Tissue Engineering
              • Ceramics
                • Glass
                • Hydroxyapatite
                • Other
              • Metals
                • Alloy
                • Titanium
                • Other
              • Polymers
                • Polymethyl methacrylate (PMMA)
                • Poly(lactide-co-glycolide)
                • Other
              • Other
            • Neurological/Central Nervous System Applications
              • Synthetic Synthetic biomaterials
                • Silicone
                • Polyglycolic acid (PGA)
                • Other
              • Natural Synthetic biomaterials
                • Collagen
                • Chitosan
                • Hyaluronic acid
                • Other
              • Other Applications
                • Natural Synthetic biomaterials
                • Synthetic Synthetic biomaterials
                • Other Synthetic biomaterials      

Application Outlook (Revenue, USD Billion, 2019 - 2030)

  • Cardiovascular
    • Catheters
    • Stents
    • Implantable Cardiac Defibrillators
    • Pacemakers
    • Sensors
    • Heart Valves
    • Vascular Grafts
    • Guidewires
    • Others
  • Orthopedic
    • Joint Replacement
      • Knee Replacement
      • Hip Replacement
      • Shoulder Replacement
      • Others
    • Viscosupplementation
    • Bioresorbable Tissue Fixation
      • Suture Anchors
      • Interference Screws
      • Meniscal Repair Tacks
      • Meshes
    • Spine
      • Spinal Fusion Surgeries
      • Minimally Invasive Fusion Surgeries
      • Motion Preservation & Dynamic Stabilization Surgeries
        • Pedicle-Based Rod Systems
        • Interspinous Spacers
        • Artificial Discs
      • Fracture Fixation Devices
        • Bone Plates
        • Screws
        • Pins
        • Rods
        • Wires
      • Synthetics Bone Grafts
  • Ophthalmology
    • Intraocular Lenses
    • Functional Replacement of Ocular Tissues
    • Synthetic Corneas
    • Others
  • Dental
    • Dental Implants
    • Dental Bone Grafts & Substitutes
    • Dental Membranes
    • Tissue Regeneration
  • Plastic Surgery
    • Soft-Tissue Fillers
    • Craniofacial Surgery
  • Wound Healing
    • Wound Closure Devices
      • Sutures
      • Staples
    • Surgical Hemostats
    • Internal Tissue Sealants
    • Adhesion Barriers
    • Hernia Meshes
  • Tissue Engineering
    • Scaffolds for Regenerative Medicine
    • Nanomaterials for Biosensing
    • Tailoring of Inorganic Nanoparticles
  • Neurological/Central Nervous System Applications
    • Shunting Systems
    • Cortical Neural Prosthetics
    • Hydrogel Scaffolds for CNS Repair
    • Neural Stem Cell Encapsulation
  • Other Applications
    • Drug Delivery Systems
    • Gastrointestinal Applications
    • Bariatric Surgery
    • Urinary Applications

End Use Outlook (Revenue, USD Billion, 2019 - 2030)

  • Hospitals & Clinics
  • Ambulatory Surgical Centers
  • Other End Users

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