Biomaterials Market

Carpenter Technology (US) and Covestro AG (Germany) are Leading Players in the Biomaterials Market

The global biomaterials market is expected to reach USD 68.93 billion by 2030 from USD 48.36 billion in 2025, at a CAGR of 7.3% between 2025 and 2030. The growth of the global biomaterials market is due to several key factors, including the rising advancements in smart, biocompatible, and 3D-printed biomaterials and advancements in healthcare facilities and systems.

Key players in the industry include BASF SE (Germany), Covestro AG (Germany), Celanese Corporation (US), Carpenter Technology Corporation (US), DSM (Netherlands), Corbion NV (Netherlands), Evonik Industries AG (Germany), Victrex Plc (UK), CeramTec GmbH (Germany), Mitsubishi Chemical Group Corporation (Japan), CoorsTek Inc. (US), Berkeley Advanced Biomaterials (US), CAM Bioceramics B.V. (Netherlands), Zeus Company Inc. (US), AMETEK Inc. (US), and GELITA AG (Germany) among others. Companies in this market are adopting expansion strategies to strengthen their global footprint and advance their technology portfolios. In September 2024, Celanese and Nanoform Finland expanded their collaboration to integrate Nanoform’s Biologics platform with the VitalDose EVA drug-delivery platform, aiming to create long-acting biologic implants.

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BASF SE (GERMANY)

BASF is a leading materials supplier in the global biomaterials market, offering a broad range of medical-grade polymers and superabsorbent materials that support safer, more reliable implants, wound-care products, and medical devices. The company’s Ultrason and Ultraform/Ultradur PRO families deliver high heat resistance, biocompatibility, and sterilization stability for reusable surgical instruments, device housings, and single-use components.

Covestro AG (Germany)

Covestro develops, produces, and supplies high-performance plastics and polymer materials. It serves the demands of industries such as automotive, construction & architectural, cosmetics, electronics, appliances & telecom, energy, industrial & agricultural applications, and marine & ships. Covestro is a leading company in the high-tech polymer materials market. It focuses on improving its innovation capability by emphasizing sustainable solutions and reducing its carbon footprint. It is also aiming to reduce the carbon footprint. Another aim would be the digitization of operations, right from production to research and customer support.

Carpenter technology (US)

The Celanese Corporation is one of the leading companies in the production of chemicals and specialty materials, which are used in various industries, including automotive, construction, medical devices, filtration systems, and energy storage solutions. As one of the leading players in biomaterials, it provides innovative solutions in medical devices as well as drug delivery systems. Such success has been achieved through its diversified portfolio, high R&D spending, and worldwide presence.

Market Ranking

The global biomaterials market is very consolidated, with a few important players offering cutting-edge metals, polymers, ceramics, and natural scaffolds. Companies like BASF, Covestro, Celanese, Carpenter Technology, and DSM lead with their medical-grade polymers, tough metal alloys, bioceramics, and collagen bases that power everything from orthopedic fixes and heart devices to dental work and regenerative therapies. Big-name device makers such as Medtronic, Zimmer Biomet, Stryker, and their partners use these materials to manufacture high-volume joint replacements, spinal systems, implants, and wound care solutions, all fueled by worldwide innovation hubs that test and roll them out to real patients.

Related Reports:

Biomaterials Market by Type [Metallic (Gold, Magnesium), Ceramic (Aluminum Oxide, Carbon), Polymer (Polyethylene, Polyester), Natural (Hyaluronic acid, Collagen, Gelatin)], Application (Orthopedic, Dental, CVD, Ophthalmology) - Global Forecast to 2030

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Biomaterials Market Size,  Share & Growth Report
Report Code
BT 1556
RI Published ON
3/4/2024
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