Market Trends of Biomaterials Industry
The Dental Application Segment is believed to Witness the Fastest Growth
Dental biomaterials include metals, polymers, ceramics, and composites. The growing burden of dental diseases such as periodontal disease, tooth decay, oral cancer, halitosis, and dental caries drives the demand for dental implants worldwide, which is expected to fuel growth in the studied market.
According to the March 2022 update of the World Health Organization, caries of permanent teeth affect an estimated 2 billion individuals worldwide, while caries of primary teeth affect 520 million children annually. Also, as per the same source, oral disease prevalence continues to rise in most low- and middle-income nations, mainly due to increased urbanization and changes in living conditions, which are expected to increase the demand for dental implants and biomaterials, and thus, the dental segment is expected to grow over the forecast period of the study.
Dental caries is a progressive infectious disease, and untreated dental caries in the elderly population can significantly impact the quality of life of older people worldwide, which is a leading factor driving the growth in the studied market.
Dental caries is a progressive infectious disease, and untreated dental caries in the elderly population can significantly impact the quality of life of older people worldwide, a leading factor driving the market growth. According to the March 2022 update of the World Health Organization, caries of permanent teeth affect an estimated 2 billion individuals worldwide, while caries of primary teeth affect 520 million children. Also, as per the same source, oral disease prevalence continues to rise in most low- and middle-income nations, mainly to increased urbanization and changes in living conditions, which is expected to increase the demand for biomaterials in dental implants and, thus, the dental segment is expected to grow over the forecast period.
In April 2023, ZimVie Inc. announced the recent launches of 2 additions to its biomaterial portfolio, the RegenerOss CC Allograft Particulate, a natural blend of cortical and cancellous bone particles that can be used to fill bony voids in a variety of dental applications, and the RegenerOss Bone Graft Plug, an easy-to-use grafting solution for filling extraction sockets and periodontal defects. Thus, the increasing prevalence of dental diseases and product launches by the key players may create opportunities for the market, owing to which considerable segment growth is expected over the forecast period.
North America is Expected to Hold a Significant Share in Studied Market and Expected to do the Same in the Forecast Period
North America is anticipated to account for a sizeable portion of the global biomaterials market due to the expanding target population, high adoption of cutting-edge products, and numerous pharmaceutical companies.
The rising prevalence of arthritis in the country is projected to drive the demand for biomaterials during the forecast period. For instance, according to the study published in the Journal of Scientific Reports in August 2022, osteoarthritis (OA) is a common disease among the elderly, affecting an estimated 27 million adults in the United States each year. Furthermore, the number of sports-related injuries is also high in the country, resulting in foot and ankle injuries, which is expected to drive the demand for biomaterials during the forecast period.
Moreover, the presence of various Ambulatory Surgical Centers (ASCs) nationwide in the United States to perform spinal surgeries is also driving the market growth in the country. For Instance, Becker's Healthcare data updated in February 2023 showed that more than 183 ASCs in the United States perform minimally invasive spine surgery (MISS). ASCs perform a wide range of outpatient surgical procedures, increasing the demand for biomaterials used in these surgeries. With a focus on cost-effectiveness and minimally invasive procedures, ASCs require biomaterials that offer affordable solutions and enable faster recovery.
The growing popularity of ASCs as a convenient alternative to traditional hospital settings creates opportunities for biomaterial manufacturers to cater to their specific needs and contribute to the growth of the biomaterials market.
Technological advancements in biomaterials, like developing bioinert, bioactive, and bioabsorbable materials, are boosting the biomaterials market in the United States. Recently, many companies shifted from natural to synthetic origin biomaterials, like polyvinyl chloride (PVC), polypropylene, polymethyl methacrylate, and polyetheretherketone (PEEK), that are used in implants, disposable medical supplies, and dressings, among others.
For instance, Simplify Medical (Sunnyvale, Calif) in the United States created a PEEK-based spinal implant, Simplify Disc, for cervical disc replacement. The thinness of the disk on sale illustrates the mechanical power of PEEK and its wear resistance.
Thus, given the factors above, the studied market is predicted to grow tremendously in North America over the forecast period.
