Bioresorbable Implants Market| Aggregate Insights| Market Forecast 2026
The Bioresorbable Implants Market is expected to grow at a CAGR of 7.4% to reach a market value of USD 10,541.8 million by 2026.
(EMAILWIRE.COM, November 06, 2019 ) Market Overview:
Bioresorbable implants are implants made of a resorbable material. In the early stages of bone healing, bioabsorbable implants preserve fixation. Over time, the implant gradually decomposes, and the stresses are steadily transferred to the healing tissue.
The main benefit is that the mass has a temporary help, the bioabsorbable implants offer support for the body to allow healing of damaged tissue and disappear after the fixation task is completed, leaving tissue without any foreign material present.
Market Dynamics:
The global market for Bioresorbable implants is primarily driven by the growing cases of chronic diseases and the increasing geriatric population worldwide. According to the United Nations, 2017, nearly 13 % of the global population comprised of people aged 60 plus years.
The capability of bioresorbable implants to dissolve inside the body without the constraint of surgical removal is driving the acceptance of such implants in healthcare. Bioresorbable implants have started to gain traction due to its numerous applications such as orthopedic implants.
However, the high cost of bioresorbable implants and surgery, as well as the time-consuming approval for bioresorbable implants, may hinder the market progress.
Market Segmentation:
By material type, the global market for Bioresorbable implants is segmented into metallic and polymers. Polymers are further sub-segmented into PLGA- Poly lactic-co-glycolic acid, PLLA- Poly L-lactide, PGA- Polyglycolic Acid, PLA- Polylactic Acid, and others.
Polymers hold the most significant market share as the implant degrades after completion of its function, which is a substantial advantage over the permanently installed devices.
It bypasses the need for a second surgery for the removal of the implant, making the process cost effective as compared to other implants.
However, the fragility of polymer implants, especially under high pressure, has led to the preference of bioresorbable metals such as magnesium alloys. Their high tensile strength protects it from breaking under high mechanical load, making metallic bioresorbable implants the fastest growing share in materials type segment.
By application, the global market for Bioresorbable implants is segmented into cardiovascular, orthopedics, and others. The orthopedics segment holds the most significate share is owing to it to the rise in the geriatric population, chronic diseases, and growing incidences of accidents such as roads and falls.
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Geographical Analysis:
North America is the dominant share in the global bioresorbable implants market, and it is primarily attributed to factors such as the high prevalence of cardiovascular disease and increase in geriatric population in the region is expected to boost the osteoporosis and osteoarthritis cases.
For instance, according to International Osteoporosis Foundation (IOF), there are approximately 44 million people with either osteoporosis or low bone mass, which represents 55% of the people aged 50 plus in the United States.
Asia-Pacific region is expected to be the fastest growing market during the forecast period, owing to the region’s rapidly improving healthcare infrastructure and the presence of a broad base of the target population.
Competitive Analysis:
The key players in this market Bioretec Ltd, CONMED Corporation, Depuy Synthes, Stryker Corporation, Medtronic and others.
For Enquiry About the Report@ https://www.datamintelligence.com/enquiry/bioresorbable-implants-market
View Full Report Sample@ https://www.datamintelligence.com/research-report/bioresorbable-implants-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Bioresorbable implants are implants made of a resorbable material. In the early stages of bone healing, bioabsorbable implants preserve fixation. Over time, the implant gradually decomposes, and the stresses are steadily transferred to the healing tissue.
The main benefit is that the mass has a temporary help, the bioabsorbable implants offer support for the body to allow healing of damaged tissue and disappear after the fixation task is completed, leaving tissue without any foreign material present.
Market Dynamics:
The global market for Bioresorbable implants is primarily driven by the growing cases of chronic diseases and the increasing geriatric population worldwide. According to the United Nations, 2017, nearly 13 % of the global population comprised of people aged 60 plus years.
The capability of bioresorbable implants to dissolve inside the body without the constraint of surgical removal is driving the acceptance of such implants in healthcare. Bioresorbable implants have started to gain traction due to its numerous applications such as orthopedic implants.
However, the high cost of bioresorbable implants and surgery, as well as the time-consuming approval for bioresorbable implants, may hinder the market progress.
Market Segmentation:
By material type, the global market for Bioresorbable implants is segmented into metallic and polymers. Polymers are further sub-segmented into PLGA- Poly lactic-co-glycolic acid, PLLA- Poly L-lactide, PGA- Polyglycolic Acid, PLA- Polylactic Acid, and others.
Polymers hold the most significant market share as the implant degrades after completion of its function, which is a substantial advantage over the permanently installed devices.
It bypasses the need for a second surgery for the removal of the implant, making the process cost effective as compared to other implants.
However, the fragility of polymer implants, especially under high pressure, has led to the preference of bioresorbable metals such as magnesium alloys. Their high tensile strength protects it from breaking under high mechanical load, making metallic bioresorbable implants the fastest growing share in materials type segment.
By application, the global market for Bioresorbable implants is segmented into cardiovascular, orthopedics, and others. The orthopedics segment holds the most significate share is owing to it to the rise in the geriatric population, chronic diseases, and growing incidences of accidents such as roads and falls.
Download free Report Sample@ https://www.datamintelligence.com/download-sample/bioresorbable-implants-market
Geographical Analysis:
North America is the dominant share in the global bioresorbable implants market, and it is primarily attributed to factors such as the high prevalence of cardiovascular disease and increase in geriatric population in the region is expected to boost the osteoporosis and osteoarthritis cases.
For instance, according to International Osteoporosis Foundation (IOF), there are approximately 44 million people with either osteoporosis or low bone mass, which represents 55% of the people aged 50 plus in the United States.
Asia-Pacific region is expected to be the fastest growing market during the forecast period, owing to the region’s rapidly improving healthcare infrastructure and the presence of a broad base of the target population.
Competitive Analysis:
The key players in this market Bioretec Ltd, CONMED Corporation, Depuy Synthes, Stryker Corporation, Medtronic and others.
For Enquiry About the Report@ https://www.datamintelligence.com/enquiry/bioresorbable-implants-market
View Full Report Sample@ https://www.datamintelligence.com/research-report/bioresorbable-implants-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results