The US biomaterials in the healthcare market are projected to grow from $65.6 Bn in 2022 to $153.4 Bn by 2030, registering a CAGR of 11.2% during the forecast period of 2022-30. Chronic diseases such as cardiovascular disease, cancer, and diabetes are on the rise in the US. The market is highly competitive, with several key players, including BASF SE, DSM NV, Invibio Ltd., Carpenter Technology Corporation, Evonik Industries AG, and Royal DSM. These companies invest heavily in research and development to develop new biomaterials and improve the performance of existing ones.
According to projections, the US biomaterials market for healthcare would increase from $65.6 Bn in 2022 to $153.4 Bn in 2030, growing at a CAGR of 11.2% during the forecast period of 2022-30.
The term "biomaterials" in the US healthcare industry refers to the use of biocompatible materials in implants and medical devices that may be utilised to replace or improve sick or damaged tissues or organs. Moreover, medications or other therapeutic agents may be delivered to particular bodily parts via biomaterials. The prevalence of chronic illnesses is rising, the population is ageing, and biomaterials technological breakthroughs are all driving forces in the industry.
Based on type, application, and end-user, the US biomaterials market in the healthcare industry may be divided. Metals, ceramics, polymers, and composites are examples of different kinds of biomaterials.
Few of the medical fields where biomaterials are used:
Hospitals, clinics, and research facilities are some of the final customers of biomaterials in the healthcare industry.
There are a number of significant competitors in the industry, including BASF SE, DSM NV, Invibio Ltd., Carpenter Technology Corporation, Evonik Industries AG, and Royal DSM. The market is very competitive. These businesses make significant investments in R&D to create novel biomaterials and enhance the functionality of ones that already exist.
By guaranteeing the safety and effectiveness of biomaterials used in medical devices and implants, regulatory organisations like the Food and Drug Administration (FDA) play a vital role in the biomaterials market for the healthcare industry. To assure the safety and efficacy of biomaterials used in medical devices, the FDA has devised a strict approval procedure that calls for intensive research and clinical studies. As a result, the regulatory environment may provide a substantial barrier to entry for new competitors in the biomaterials market for healthcare.
Growth Drivers
Many important variables, such as the following, are what drive the US biomaterials in the healthcare market:
Key Players
There are many key players in the US biomaterials in the healthcare market, including:
To assure patient safety and product efficacy, the US healthcare regulations and regulatory environment for biomaterials in healthcare are complicated and heavily regulated. The following are some of the main guidelines and laws regulating the use of biomaterials in healthcare:
The regulatory framework for biomaterials in healthcare in the US and US healthcare regulations as a whole is created to guarantee patient safety and product efficacy. It may be time-consuming and expensive for manufacturers of medical devices and biomaterials to bring their goods to market because of the stringent rules and regulations that must be followed, but it ultimately helps patients and the healthcare sector as a whole.
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 US market in 2019. The growing geriatric population USly 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
Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.
Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.
How Do We Get It?
Our database is created and maintained through a combination of secondary and primary research methodologies.
1. Secondary Research
With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:
With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:
2. Primary Research
To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:
Combining Secondary and Primary Research
By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:
Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.
We value your inquiry and offer free customization with every report to fulfil your exact research needs.