Kuwait Biomaterials Market Size & Outlook, 2023-2030
Kuwait biomaterials market, 2018-2030 (US$M)
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Kuwait biomaterials market highlights
- The Kuwait biomaterials market generated a revenue of USD 422.3 million in 2023 and is expected to reach USD 767.7 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 8.9% 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 422.3 million |
| Market revenue in 2030 | USD 767.7 million |
| Growth rate | 8.9% (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, Kuwait accounted for 0.2% 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 |
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Kuwait 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 39.73% in 2023. Horizon Databook has segmented the Kuwait biomaterials market based on polymers, natural, ceramics, metallic covering the revenue growth of each sub-segment from 2018 to 2030.
The growing interest in biomaterials research, aging population, and high per capita income have all contributed to an increase in the total demand for surgical procedures involving implants. The need for biomaterials in neurology, cardiology, wound management, and cosmetic surgery is growing in tandem with the increase in the elderly population in the country.
The Kuwait biomaterials market is also being driven by significant research for developing cutting-edge technologies, including hydrogen scaffolding & decellularized dermal matrixes, for grafting and medical implants with higher efficiency.
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Target buyers of Kuwait 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 Kuwait biomaterials market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait biomaterials market size, by product, 2018-2030 (US$M)
Kuwait Biomaterials Market Outlook Share, 2023 & 2030 (US$M)
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