Latest News - Polymeric Biomaterials Market: Natural polymers are expected to lead the Type segment during 2024-2028

The Polymeric Biomaterials Market is being driven by Rising demand for medical and dental implants

The Polymeric Biomaterials Market is expected to grow at a CAGR of 10.01% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8.10 billion. In the realm of tissue engineering, the objective is to restore and enhance the structural functionality of damaged or injured tissues. To facilitate this process, various materials such as decellularized matrices, cells, and scaffolds are employed. Among these, scaffolds play a pivotal role in tissue engineering by providing a three-dimensional platform for human cells to adhere and proliferate, mimicking a natural tissue environment. When selecting materials for tissue engineering applications and designing scaffolds, it is crucial to consider their biocompatibility, wettability, and biodegradability. Biomaterials, engineered to interact with biological systems within the human body and promote repair and regeneration, are a vital category of materials in this context. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Natural polymers
  • Synthetic polymers
  • Degradable polymers
• Application
  • Orthopedics
  • Cardiovascular
  • Dental
  • Plastic surgery
  • Neurology and others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for medical and dental implants
• Rising number of hip and knee replacement surgeries
• Increasing prevalence of dental diseases

However, the market also witnesses some limitations, which are as follows:

• Stringent clinical and regulatory processes
• Presence of substitutes for polymeric biomaterials
• High cost of polymeric biomaterial implants and surgeries

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Market Scope in Polymeric Biomaterials Market Research Report

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Research Analysis Overview

Polymeric biomaterials have gained significant attention in the medical field due to their versatile applications in various healthcare sectors. These biomaterials, derived from biodegradable polymers, are used in surface modification techniques to enhance their compatibility with biological systems. One of the primary applications of polymeric biomaterials is in drug delivery systems, where they are used to control the release of drugs for injuries, musculoskeletal disorders (MSDs), rheumatoid arthritis, and cardiovascular diseases. In dentistry, they are used for edentulism and oral diseases. In advanced medical devices, such as pacemakers and implants, they play a crucial role in improving patient outcomes. The Department of Energy also supports research on 3D-printable biomaterials for tissue engineering and clinical research activities. However, the COVID-19 lockdowns have hindered surgeries and chronic disease management, affecting the market growth. Key applications include drug delivery for atrioventricular block and pacemaker implants. Biomaterial substances continue to be a focus for innovation, with ongoing research in clinical settings.

Market Research Overview

The Polymeric Biomaterials Market is a significant segment of the global Specialty Chemicals Industry, encompassing businesses specializing in high-value-add chemicals for the production of advanced materials such as fine chemicals, additives, specialty polymers, adhesives, sealants, pigments, coatings, and more. Technavio's market analysis calculates the Specialty Chemicals Market size based on the combined revenue generated by these manufacturers. Key growth drivers for this market include the increasing demand for specialty adhesives and sealants, which are gaining popularity due to their superior performance and versatility in various industries. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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