The Polymeric Biomaterials Market is segmented by Type (Natural polymers, Synthetic polymers, and Degradable polymers), Application (Orthopedics, Cardiovascular, Dental, Plastic surgery, and Neurology and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 8.10 billion, at a CAGR of 10.01% during the forecast period. There are several companies that are contributing to the market as per this report. Rising use of polymeric biomaterials in tissue engineering .
In the realm of biomaterials, polymeric natural variants such as collagen, chitosan, hyaluronic acid, and alginate have garnered significant attention due to their inherent biocompatibility, biodegradability, and valuable properties including antimicrobial and antifungal attributes. Collagen, a prominent natural polymer, holds a pivotal role in the healthcare sector, particularly in medical devices and advanced wound dressings. The healthcare industry's ongoing innovation and advancements in technology and manufacturing processes have led to the creation of novel collagen-based products, such as bone graft substitutes. These groundbreaking solutions have resulted in enhanced patient outcomes and cost savings, thereby fueling the demand for collagen-based products within healthcare. The global health landscape is witnessing a surge in chronic diseases, including diabetes, cardiovascular conditions, and cancer, necessitating the continuous development and application of advanced biomaterials like collagen.
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The North American market for polymeric biomaterials experienced significant growth in 2023, with the United States and Canada leading the region. Factors driving this expansion include the prevalence of orthopedic disorders, the adoption of advanced joint reconstruction devices, enhanced healthcare infrastructure, increased healthcare expenditure, and heightened awareness of orthopedic conditions among the population. Notably, in October 2023, RevBio secured a grant of up to USD3 million from the Commercialization Readiness Programme of the National Institute on Aging (NIA), an NIH division, to further advance their offerings in this sector.
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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.
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. - The Polymeric Biomaterials Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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