Saudi Arabia Biomaterials Market Size & Outlook, 2023-2030
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Saudi Arabia biomaterials market highlights
- The Saudi Arabia biomaterials market generated a revenue of USD 1,687.0 million in 2023 and is expected to reach USD 3,258.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, metallic was the largest revenue generating product in 2023.
- Natural is the most lucrative product segment registering the fastest growth during the forecast period.
Biomaterials market data book summary
| Market revenue in 2023 | USD 1,687.0 million |
| Market revenue in 2030 | USD 3,258.3 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Metallic |
| Fastest growing segment | Natural |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymers, Natural, Ceramics, Metallic |
| Key market players worldwide | Medtronic PLC, Evonik Industries AG, Carpenter Technology Corp, GNI Group Ltd, Invibio, Zimmer Biomet Holdings Inc, Basf SE, Covalon Technologies Ltd, Stryker Corp, Johnson & Johnson, Dentsply Sirona Inc, Corbion NV, CoorsTek |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global biomaterials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE biomaterials market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,893.1 million by 2030.
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Biomaterials Market Scope
Biomaterials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CoorsTek | View profile | 10001+ | Golden, Colorado, United States, North America | https://www.coorstek.com |
| Covalon Technologies Ltd | View profile | - | 1660 Tech Avenue, Unit 5, Mississauga, ON, Canada, L4W 5S7 | https://www.covalon.com |
| Invibio | View profile | 101-250 | Lancaster, Lancashire, United Kingdom, Europe | https://invibio.com/ |
| GNI Group Ltd | View profile | 865 | Shinjuku Park Tower, 3-7-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-1030 | http://www.gnipharma.com |
| Carpenter Technology Corp | View profile | 4500 | 1735 Market Street, 15th Floor, Philadelphia, PA, United States, 19103 | https://www.carpentertechnology.com |
| Corbion NV | View profile | 2727 | Piet Heinkade 127, Amsterdam, NH, Netherlands, 1019 GM | https://www.corbion.com |
| Zimmer Biomet Holdings Inc | View profile | 18000 | 345 East Main Street, Warsaw, IN, United States, 46580 | https://www.zimmerbiomet.com |
| Dentsply Sirona Inc | View profile | 15000 | 13320 Ballantyne Corporate Place, Charlotte, NC, United States, 28277-3607 | https://www.dentsplysirona.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Saudi Arabia biomaterials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biomaterials market will help companies and investors design strategic landscapes.
Metallic was the largest segment with a revenue share of 40.02% in 2023. Horizon Databook has segmented the Saudi Arabia biomaterials market based on polymers, natural, ceramics, metallic covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabians are more inclined to seeking medical treatments to improve the quality of their life with growing focus on health and wellness. As a result, there is an increase in demand for medical devices and prostheses, which is expected to drive market growth.
New biomaterials that are more durable, biocompatible, and beneficial for medical applications have been developed as a result of advancements in material science & technology. Manufacturers can develop and market innovative biomaterials that will meet the needs of the Saudi Arabian healthcare sector.
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Target buyers of Saudi Arabia biomaterials market databook
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Our clientele includes a mix of biomaterials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia biomaterials market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia biomaterials market size, by product, 2018-2030 (US$M)
Saudi Arabia Biomaterials Market Outlook Share, 2023 & 2030 (US$M)
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