The Global New Medical Materials and Biomaterials Market was valued at USD 143.2 Billion in 2023 and is projected to reach USD 267.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period (2024–2030). This substantial growth is primarily driven by the increasing demand for advanced medical implants, the rise in chronic diseases requiring long-term medical devices, significant technological advancements in material science, and the expanding application of 3D printing in medical device manufacturing.

As the healthcare industry rapidly evolves toward personalized medicine, minimally invasive surgeries, and enhanced patient outcomes, the development of innovative materials has become a critical enabler. In this blog, we profile the Top 10 Companies in the New Medical Materials and Biomaterials Industry—a diverse group of polymer specialists, bioceramics innovators, and additive manufacturing leaders who are fundamentally shaping the future of medical technology.

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🔟 1. STR

Headquarters: Rancho Cucamonga, California, USA
Key Offering: Medical-grade silicones, thermoplastic elastomers, advanced polymer compounds

STR is a premier global supplier of high-performance materials for the medical device industry. The company specializes in developing custom formulations that meet stringent biocompatibility and regulatory standards for applications ranging from catheters and wound care to complex implantable devices.

Innovation Focus:

• Development of next-generation silicone elastomers for long-term implants

• Advanced bonding technologies for multi-material medical devices

• Investment in R&D for drug-eluting material systems

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New Medical Materials and Biomaterials Market – View in Detailed Research Report

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9️⃣ 2. Invibio (Victrex plc)

Headquarters: Lancashire, United Kingdom
Key Offering: PEEK-OPTIMA® polymer, PEEK-based biomaterials

Invibio, a division of Victrex plc, is a world-leading provider of PEEK (Polyether Ether Ketone) biomaterials solutions for medical device manufacturers. Their high-performance polymers are widely used in spinal, orthopedic, and trauma implants due to their excellent mechanical properties, biocompatibility, and radiolucency.

Innovation Focus:

• Expansion of PEEK-based composite materials for load-bearing implants

• Development of wear-resistant formulations for joint replacement devices

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8️⃣ 3. Covalent-coating

Headquarters: San Diego, California, USA
Key Offering: Surface modification technologies, antibacterial coatings, functionalized biomaterials

Covalent-coating specializes in surface engineering solutions that enhance the performance and safety of medical devices. Their proprietary technologies create durable, bioactive surfaces that can resist infection, improve biocompatibility, and enable targeted drug delivery.

Innovation Focus:

• Antimicrobial surface treatments for implantable devices

• Covalent bonding technologies for sustained drug release

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7️⃣ 4. Sagemax Bioceramics

Headquarters: Seattle, Washington, USA
Key Offering: Zirconia ceramics, alumina ceramics, advanced bioceramics

Sagemax is a leading manufacturer of high-performance zirconia and other advanced ceramic materials for dental and medical applications. Their materials are renowned for their strength, durability, and excellent aesthetic properties, making them ideal for dental crowns, bridges, and orthopedic implants.

Innovation Focus:

• Multi-layer zirconia solutions for superior aesthetics in dental restorations

• Development of radiopaque bioceramics for enhanced imaging compatibility

Download FREE Sample Report:
New Medical Materials and Biomaterials Market – View in Detailed Research Report

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6️⃣ 5. Stratasys

Headquarters: Eden Prairie, Minnesota, USA
Key Offering: Medical 3D printing materials, biocompatible photopolymers, FDM thermoplastics

Stratasys is a global leader in additive manufacturing, providing a comprehensive portfolio of 3D printing materials specifically engineered for healthcare applications. Their materials enable the production of surgical guides, anatomical models, and, increasingly, patient-specific implants.

Innovation Focus:

• Development of sterilizable, biocompatible materials for point-of-care manufacturing

• Expansion of material options for direct 3D printing of final-use medical devices

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5️⃣ 6. Secant Medical (a Part of Integer Holdings Corporation)

Headquarters: Perkasie, Pennsylvania, USA
Key Offering: Biomedical textiles, polymer fibers, engineered scaffolds

Secant Medical specializes in the design and manufacture of advanced biomedical textiles and polymer-based structures for regenerative medicine and medical devices. Their technologies are used in cardiovascular repairs, soft tissue reinforcement, and neurovascular applications.

Innovation Focus:

• Bioresorbable textile scaffolds for tissue engineering

• Complex fiber architectures for controlled mechanical properties

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4️⃣ 7. Nasseo

Headquarters: Phoenix, Arizona, USA
Key Offering: Surface-treated titanium implants, nano-structured biomaterials

Nasseo develops innovative surface technologies that enhance the osseointegration and long-term success of dental and orthopedic implants. Their proprietary surface treatments create nanoscale features that promote rapid bone bonding and reduce healing times.

Innovation Focus:

• Nanotechnology platform for accelerated bone-implant integration

• Surface modifications to reduce bacterial colonization on implants

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3️⃣ 8. Formlabs

Headquarters: Somerville, Massachusetts, USA
Key Offering: Dental and medical 3D printing resins, biocompatible materials

Formlabs has democratized access to high-quality 3D printing for healthcare providers and device manufacturers. Their extensive portfolio of medical-grade materials supports applications from dental models and surgical guides to custom surgical instruments and hearing aids.

Innovation Focus:

• Continuous expansion of validated, biocompatible resin formulations

• Development of high-toughness materials for functional medical devices

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2️⃣ 9. TeraPore Technologies

Headquarters: South San Francisco, California, USA
Key Offering: Nanostructured membranes, separation technologies for bioprocessing

TeraPore Technologies develops highly selective porous membranes using innovative nanofabrication techniques. While initially focused on biopharmaceutical processing, their technology platform has significant potential for creating advanced filtration and separation components for medical devices.

Innovation Focus:

• Precision-engineered membranes with tunable pore sizes

• Surface modifications for specific biomolecular interactions

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1️⃣ 10. Palmaz Scientific

Headquarters: New Braunfels, Texas, USA
Key Offering: Nitinol alloys, advanced metal alloys for medical devices

Palmaz Scientific is focused on the development of advanced metal alloys and material processing technologies for minimally invasive medical devices. Their expertise in materials science supports the creation of innovative stents, heart valves, and other implantable devices.

Innovation Focus:

• Development of novel superelastic and shape-memory alloys

• Surface engineering for improved hemocompatibility in cardiovascular devices

Get Full Report Here:
New Medical Materials and Biomaterials Market – View in Detailed Research Report

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🏥 Outlook: The Future of Medical Materials Is Personalized and Intelligent

The new medical materials and biomaterials market is experiencing a paradigm shift from passive components to active, smart systems that interact with the body’s biological environment. While traditional materials still dominate volume, the industry is rapidly advancing toward bio-responsive materials, integrated sensing capabilities, and personalized medical solutions.

📈 Key Trends Shaping the Market:

• Accelerated adoption of 3D printing for patient-specific implants and devices

• Development of “smart” biomaterials with embedded sensing and drug delivery functions

• Growing focus on bioresorbable materials that safely degrade after fulfilling their function

• Increasing regulatory emphasis on material biocompatibility and long-term safety data

Get Full Report Here:
New Medical Materials and Biomaterials Market – View in Detailed Research Report

The companies profiled above are not only supplying materials—they are enabling the next generation of medical breakthroughs that will transform patient care and surgical outcomes worldwide.