Canada Biomaterials Market Size & Outlook, 2023-2030

The biomaterials market in Canada is expected to reach a projected revenue of US$ 23,699.7 million by 2030. A compound annual growth rate of 16.2% is expected of Canada biomaterials market from 2024 to 2030.
Revenue, 2023 (US$M)
$8,269.0
Forecast, 2030 (US$M)
$23,699.7
CAGR, 2024 - 2030
16.2%
Report Coverage
Canada

Canada biomaterials market highlights

  • The Canada biomaterials market generated a revenue of USD 8,269.0 million in 2023 and is expected to reach USD 23,699.7 million by 2030.
  • The Canada market is expected to grow at a CAGR of 16.2% 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 2023USD 8,269.0 million
Market revenue in 2030USD 23,699.7 million
Growth rate16.2% (CAGR from 2023 to 2030)
Largest segmentMetallic
Fastest growing segmentNatural
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPolymers, Natural, Ceramics, Metallic
Key market players worldwideMedtronic 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, Canada accounted for 4.6% 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 North America, U.S. biomaterials market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 23,699.7 million by 2030.

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Biomaterials Market Scope

Biomaterials market segmentation & scope
Polymers
Natural
Ceramics
Metallic
Sensors
Stents
Guidewires
Implantable Cardiac Defibrillators
Pacemakers
Vascualr Grafts
Others
Synthetic Corneas
Itraocular Lens
Contact Lens
Ocular Tissue Replacement
Others
Tissue Regeneration Materials
Dental Implants
Bone Grafts & Substitutes
Dental Membranes
Others
Joint Replacement Biomaterials
Orthobiologics
Bioresorbable Tissue Fixation Products
Viscosupplementation
Spine Biomaterials
Others
Fracture Healing Device
Adhesion Barrier
Skin Substitutes
Internal Tissue Sealant
Surgical Hemostats
Others
Tissue Engineering
Facial Wrinkle Treatment
Soft Tissue Fillers
Craniofacial Surgery
Bioengineered Skins
Peripheral Nerve Repair
Acellular Dermal Matrices
Others
Neural Stem Cell Encapsulation
Shunting Systems
Hydrogel Scaffold For CNS Repair
Cortical Neural Prosthetics
Others
Others

Biomaterials Market Companies

Name Profile # Employees HQ Website

Canada 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 40.04% in 2023. Horizon Databook has segmented the Canada biomaterials market based on polymers, natural, ceramics, metallic covering the revenue growth of each sub-segment from 2018 to 2030.


The market for Canada's biomaterials is growing rapidly and includes a wide range of materials utilized in medical devices, drug delivery systems, tissue engineering, and regenerative medicine. A rise in cardiovascular disorders and rise in need for medical implants are drivers of the market.

Canada market for biomaterials is growing at a considerable pace. Factors such as suitable government initiatives, active participation of market entities, and extensive R&D in the area are factors driving regional growth.

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  • Our clientele includes a mix of biomaterials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada biomaterials market , including forecasts for subscribers. This country databook contains high-level insights into Canada biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada biomaterials market size, by product, 2018-2030 (US$M)

Canada Biomaterials Market Outlook Share, 2023 & 2030 (US$M)

Canada biomaterials market size, by product, 2018-2030 (US$M)

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