The Germany Biomaterials Healthcare Market is expected to witness growth from $5.71 Bn in 2022 to $13.56 Bn in 2030 with a CAGR of 11.40% for the forecasted year 2022-2030. A growing need for regenerative medicine and an ageing populace are the main factors driving Germany's biomaterials healthcare market. The market is segmented by type and by application. Some key players in this market include Evonik Industries, Merck KGaA, Matricel, BASF SE, Covestro AG and Celanese.
The Germany Biomaterials Healthcare Market size is at around $5.71 Bn in 2022 and is projected to reach $13.56 Bn in 2030, exhibiting a CAGR of 11.40% during the forecast period. In 2022, the recent health expenditures in Germany represent 13% of the GDP. Germany's entire health expenditure in 2021 was covered by transfers and assistance from the government totalling $72,05 billion. This marked an increase of $17.30 billion, or 31.5%, from 2020. As a result, government transfers and subsidies accounted for 15.7% of the $4581 billion in current health expenditures, a rise of 3% from the previous year.
In Germany, Biomaterials are substances that engage with biological systems to sustain injured tissues or encourage tissue healing. Dental implants are used to substitute missing teeth and are made of biomaterials like metals, ceramics, and polymers. Orthopaedic implants, such as hip and knee replacements, use biomaterials to assist and encourage healing. To encourage tissue regeneration and lessen scarring, biomaterials are used in the healing of wounds, such as collagen-based dressings. To transport drugs precisely where they are needed and minimise side effects, biomaterials are used in drug delivery, such as implantable drug pumps. In tissue engineering, where cells and biomaterials are combined to make tissue constructs that can be used for transplantation, biomaterials are used. Biomaterials are created to work with biological systems, lowering the possibility of rejection or unfavourable responses. Biomaterials are highly adaptable because they can be created to satisfy particular requirements, such as those for strength, flexibility, or degradation rate. Since biomaterials are made to last a long time, fewer replacement procedures are required. Biomaterials can be made to encourage quicker healing and shorten recovery times. Because they shorten recovery times and eliminate the need for replacement surgeries, biomaterials can lower healthcare expenses.
Market Growth Drivers
A growing need for regenerative medicine and an ageing populace are the main factors driving Germany's biomaterials healthcare market. With a goal of enhancing patient outcomes and lowering healthcare expenses, the German government has also been making investments in the development of biomaterials. The demand for medical devices and implants in Germany is anticipated to rise as the country's population ages, boosting the market for biomaterials. As the demand for these therapies rises, the use of biomaterials in regenerative medicine, such as tissue engineering, is anticipated to fuel market growth. The prevalence of chronic conditions like diabetes, arthritis, and cardiovascular diseases is rising, which is expected to increase the demand for biomaterials for managing and treating these diseases.
Market Restraints
In Germany, Smaller businesses of biomaterials may find it difficult to join the German healthcare biomaterials market due to the high cost of biomaterial development. The use of biomaterials in some contexts, such as stem cell research and tissue engineering, may give rise to ethical questions that restrict the use of these products. Germany's biomaterials market is extremely competitive, and manufacturers may find themselves up against well-known goods that are already widely accepted in the German biomaterial healthcare market. Even though patient and healthcare practitioner awareness of the advantages of biomaterials is likely to be low, this may constrain demand for the German biomaterial healthcare market.
Key Players
2021: Heraeus Medical GmbH declared in 2021 that it had acquired a controlling interest in the nanotechnology firm nanotronics. The goal of the purchase was to broaden Heraeus' selection of biomaterials and hasten the creation of ground-breaking new products.
2020: Evonik Industries AG disclosed in 2020 that it had acquired the American bioscience firm Transferra Nanosciences Inc. The acquisition was made to enhance Evonik's selection of biomaterials for applications in gene therapy and drug delivery.
Regulations from the European Union, national laws, and regulatory agencies like the Federal Institute for Drugs and Medical Devices and the German Medical Devices Act control healthcare policies and the regulatory environment for biomaterials in Germany. The Medical Device Regulation (MDR) and the In Vitro Diagnostic Regulation (IVDR) of the European Union must be complied with by biomaterials used in medical devices and prostheses in Germany (IVDR). The MDR and IVDR outline the legal specifications for in vitro diagnostics and medical devices in terms of their efficacy, quality, and safety. The regulations demand a comprehensive assessment of the biocompatibility, mechanical attributes, and degradation traits of biomaterials used in medical devices.
1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Type (Revenue, USD Billion):
Based on type, the market is segmented into Metallic Biomaterials, Polymeric Biomaterials, Ceramic Biomaterials, and Natural Biomaterials. The Metallic Biomaterials segment accounted for the largest share of the Germany market in 2019. The growing geriatric population Germanyly is expected to drive growth for this segment.
By Application (Revenue, USD Billion):
The cardiovascular, orthopaedic, dental, plastic surgery, wound healing, tissue engineering, ophthalmology, neurological/CNS, and other applications segments are made up of the biomaterials market. The market category for wound healing is anticipated to have the highest CAGR in 2019. The market will increase as a result of factors including expanding healthcare infrastructure, a large population pool, a rising diabetic population, and rising healthcare spending. Surgical Guides
Methodology for Database Creation
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