Bioabsorbable polymers are the type of absorbable materials used in implanted medical devices to offer a physical structure to aid the healing process. Moreover, they also function as a drug delivery mechanism. The growing volumes of surgical procedures, rising demand for biocompatible medical devices, increasing demand for bioresorbable polymers in the drug delivery application, and favorable reimbursement scenarios are some of the key factors driving the growth of the global bioresorbable polymers market. Moreover, rising demand for bioresorbable polymer-based medical implants and wound dressing covers is also driving the market growth.
RISING DEMAND FOR ORTHOPEDIC SURGERY DUE TO AUGMENTING CASES OF ROAD AND ON-SITE ACCIDENTS DRIVES THE GLOBAL BIORESORBABLE POLYMERS MARKET
The growing number of road and work-related accidents globally is fueling the demand for orthopedic surgery. As per the World Health Organization (WHO) report, every year, around 20 to 50 million people, worldwide, suffer from a non-fatal injury in road accidents. Another study by the International Labor Organization (ILO), states that around 2.3 million of the population across the world meet work-related accidents every year. Road and work-related accidents cause multiple fractures, joint dislocation, ligament damage, and broken bones at several body parts, requiring orthopedic implants to heal and cure the injury.
The growing instances of accidents, sports injury, and the ageing population globally is surging the need for various joint and bone surgeries. Bioresorbable polymers are extensively used to make sutures, screws, stents, pins, rods, and plates in implant devices. After adding these devices to the body, they perform the desired action, and once done, these implants get absorbed in the body by themselves. Further, these implants break down naturally after implantation, during the healing and supporting process. Resorbable polymer-based orthopedic implants demand is increasing due to its improved clinical outcomes and no additional surgery requirement for removal of temporary implants.
