The global natural biomaterials market was recorded at US$ 62.48 Bn in terms of value in 2019 and is expected to reach 184.50 Bn by 2027, at a CAGR of 15.5% during a forecast period. Major attention on ongoing research and development activity estimated to cover 40% of Natural Biomaterials market growth.
Market Definition:
Natural biomaterials are any material reserved from plants and animals which is utilized to extend, interchange, or repair body organ and tissues. Biomaterials are separated into two types viz. synthetic and natural biomaterials. The natural biomaterials are taken from plants or animals.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
Various enduring development in the gene therapy and medicine industries are considered as one of the major driving factors for the natural biomaterials market in terms of volume and value during the forecasted period. Convenience of raw materials and various application from end user sector is expected to boost the market. Advancement in technology and manufacturing process with developed equipment in developed and developing countries are boosting the market growth. Accumulative aged residents hence are disposed to several chronic diseases is another factor rushing demand in the global natural biomaterials market. Additionally, budding application of biomaterial in numerous advanced medical technologies like plastic surgery, tissue engineering, drug delivery devices, and other medical implants are going to open numerous opportunities for the market growth. On the other hand, use of the targeted material for tissue designing and rising cases of knee and hip replacement surgeries application is further measured as a foremost growth factor.
However, the high making cost of natural biomaterials and strict government regulations allied with the use of biomaterials materials are expected to hamper growth of the market during the forecast period.
Natural Biomaterials Market Segment analysis:
By application of natural biomaterials, plastic surgery sector was the highest propelling segment, accounting for over 43% of the market share in 2019. Development and advancement in the cosmetic industry with bending interest of the youth to look beautiful is considered as a major growing factor for the targeted segment in the coming year. Growing population in the Asia Pacific region is projected to boost the targeted market in the near future. Natural Biomaterials based products are expansively chosen as a material to treat or repair the damaged face and body part owing to the rising cases of accident in the region.
Natural Biomaterials Market Regional Analysis:
Regionally, the Asia Pacific is expected to dominate the natural biomaterials market and is expected to grow at a CAGR of X.35 % during the forecast period owing to the existence of impressive key players in the market. Developing regions like India, China, and Japan are considered as the major contributors for the natural biomaterials market growth in the Asia Pacific region. In 2019, in China market size was valued XX Bn and is expected to increase by US$ XX Bn in the coming years. Ongoing research and development activity is recorded as one of the key factor to drive the regional market demand.
After APAC, North America stood up on second position in terms of product acceptance owing to the product positive impression amongst the growing population. On the other hand, developed healthcare infrastructure, high healthcare spending, rising cases of cardiovascular diseases across the region is boosting the product demand.
The objective of the report is to present a comprehensive analysis of the Global Natural Biomaterials Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Natural Biomaterials Market dynamics, structure by analysing the market segments and project the Global Natural Biomaterials Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Natural Biomaterials Market make the report investor’s guide.
Scope of Natural Biomaterials Market
Global Natural Biomaterials market, By Product
• Hyaluronic Acid
• Collagen
• Gelatin
• Heparin
• Fibrin
• Cellulose
• Chitosan
• Others
Global Natural Biomaterials market, By Application
• Regenerative Medicine
• Cardiovascular
• Orthopaedic
• Dental
• Plastic Surgery
• Immunotherapy
• Stem-Cell Therapy
• Tissue Engineering
• Gene Therapy
• Other
Global Natural Biomaterials Market, By Region
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East & Africa
Key Players Operating the Natural Biomaterials Market,
• Mimetis Biomaterials
• Botiss Biomaterials
• BASF
• Biomet
• Invibio
• Royal DSM
• Corbion
• Medtronic
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Factors such as the increased funds and grants by government bodies worldwide for the development of novel biomaterials, rising demand for medical implants, and the rising incidence of cardiovascular diseases are driving the growth of the market.
Emerging markets such as China, India, and Japan are the key areas of opportunity for players in this market.
This can majorly be attributed to the increasing patient population, rising adoption of implantable devices, growing awareness of CVD, increasing disposable income, improving healthcare infrastructure, and the presence of less-stringent regulatory guidelines (as compared to developed countries) in these countries.Brazil, Russia, India, China, and South Africa (BRICS) are among the fastest-growing economies in the world.
The growing demand for surgical procedures, rising geriatric population, and the increasing incidence of target diseases are some of the significant factors that are expected to drive the demand for advanced healthcare services and novel medical devices in the respective healthcare systems of these countries.
This is expected to offer potential growth opportunities to players operating in the biomaterials market in the coming years.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=393Challenge: Limitations Of Biomaterial-based ProductsAlthough significant breakthroughs have been achieved in the field of biomaterials, there are some limitations associated with biomaterial-based products.
For instance, the stability and toughness of bioceramics decrease at elevated temperatures, making their manufacturing difficult.
