Bioresorbable Implants Market Scope 2031
The Bioresorbable Implants Market is expected to register a CAGR of 8.70% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents an analysis based on product (PGA (polyglycolic acid), PLA (polylactic acid), PDS (polydioxanone), and self-reinforcing (SR)). The report further provides analysis based on application (pediatric orthopaedics, osteomyelitis and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Bioresorbable Implants Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Bioresorbable Implants Market Segmentation
Product- PGA
- PLA
- PDS
- Self-Reinforcing
- Pediatric Orthopaedics
- Osteomyelitis and Others
Strategic Insights
Bioresorbable Implants Market Growth Drivers- Growing Surgical Treatments: A growing number of surgical operations is transversely distributed among different specialties, viz. orthopedics, dentistry, and cosmetic surgery, increasing the need for bioresorbable implants. Surgeons’ and patients’ preference for bioresorbable implants is also due to the absence of the need for removal surgeries. As the number of patients requiring surgical intervention to realign the fractured bones increases, a growing percentage of healthcare providers is investing in advanced implant technologies with the hopes of propelling market growth and innovative solutions.
- Rising awareness on patient safety: Increased awareness of the complications associated with traditional metallic implants such as infection and rejection drives interest in bioresorbable alternatives. Both patients and healthcare professionals desire a safer alternative that minimizes the risk of long-term adverse effects. Patients as well as healthcare providers are focused on the most safe treatments for injuries in bones, and, by association, on reliable fixation solutions supporting successful healing and rehabilitation.
- Supportive Regulatory Body: More support is coming from the regulatory body itself towards such bioresorbable implant technologies. The process towards regulatory approval is becoming less cumbersome as well as open to innovations. In this way, it leads to a friendly or favorable environment to research and development, which makes it easier for companies to come up with new products to enter the market, thus driving the growth in the industry.
- Surge in Applications in Orthopedics: Bioresorbable implants have also started being implanted in implants for internal bone fixation and soft tissue augmentation. As they dissolve overtime, the implants do not necessitate a second operation which in turn enhances the outcomes and hence the orthopedic markets.
- Development of Newer Materials: Improvement of bio-resorbable implants is being made possible by the application of new biodegradable materials such as polycaprolactone and polylactic acid. These developments have improved elastic characteristics and bio compatibility of these implants improving their acceptance by the physicians and patients and hence their uptake in the market.
- Increased Popularity of Effective Interventional Methods: The tendency to develop and apply surgical techniques that intrude into the body cavities and organs the least is the leading factor for the growth of the bioresorbable implants market. A simpler procedure takes less time for postoperative recovery and scarring as the implants are used in it, making it more appealing for other surgeries even dentistry and plastic/surgery.
- Enlargement of health care outlays and expenditure on high-tech medical devices: The market for bioresorbable implants is expanding due to the enhancement of health care outlays and expenditure on high-tech medical devices. It is anticipated that the introduction of more innovative solutions by hospitals and clinics to enhance patient outcome will increase the utilization of bioresorbable materials in surgical procedures.
- Increase in supporting activities: There are ongoing focused on biosorbable implant technologies to enhance their efficiency. The innovative products, which are the results of cooperation between the academia and the industrial players, are aimed at the changing clinical demands, thus enhancing the appeal of bioresorbable applications.
- Geriatric Population Expanding:An increase in population ages has caused a significant rise in orthopedic and reconstructive surgeries, and therefore, bioresorbable implants are increasingly being used. Bioresorbables attract attention in practice with growing older adults' need for safer and more effective solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Bioresorbable Implants Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Bioresorbable Implants Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Growing surgical treatments, rising awareness on patient safety, and supportive regulatory body are the major factors boosting the bioresorbable implants market growth
The market is expected to grow at a CAGR of 8.7%
The North America region accounts for highest revenue share bioresorbable implants market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Bioretec Ltd Depuy Synthes Stryker Smith Nephew Zimmer Biomet Medtronic Nuvasive Inc BRI TECH GMBH OSSIO are the some of the key market players operating in the bioresorbable implants market
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Bioresorbable Implants Market- By Product
1.3.2. Bioresorbable Implants Market- By Application
1.3.3. Bioresorbable Implants Market- By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIORESORBABLE IMPLANTS MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. BIORESORBABLE IMPLANTS MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BIORESORBABLE IMPLANTS MARKET- GLOBAL ANALYSIS
6.1. BIORESORBABLE IMPLANTS MARKET - GLOBAL MARKET OVERVIEW
6.2. BIORESORBABLE IMPLANTS MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. BIORESORBABLE IMPLANTS MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PGA (POLYGLYCOLIC ACID) MARKET
7.3.1. Overview
7.3.2. PGA (Polyglycolic Acid) Market Forecast and Analysis (US$ Mn)
7.4. PLA (POLYLACTIC ACID) MARKET
7.4.1. Overview
7.4.2. PLA (Polylactic Acid) Market Forecast and Analysis (US$ Mn)
7.5. PDS (POLYDIOXANONE) MARKET
7.5.1. Overview
7.5.2. PDS (Polydioxanone) Market Forecast and Analysis (US$ Mn)
7.6. SELF-REINFORCING (SR) MARKET
7.6.1. Overview
7.6.2. Self-Reinforcing (SR) Market Forecast and Analysis (US$ Mn)
8. BIORESORBABLE IMPLANTS MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PEDIATRIC ORTHOPAEDICS MARKET
8.3.1. Overview
8.3.2. Pediatric Orthopaedics Market Forecast and Analysis (US$ Mn)
8.4. OSTEOMYELITIS MARKET
8.4.1. Overview
8.4.2. Osteomyelitis Market Forecast and Analysis (US$ Mn)
8.5. OTHERS MARKET
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis (US$ Mn)
9. BIORESORBABLE IMPLANTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA BIORESORBABLE IMPLANTS MARKET
9.1.1. North America Bioresorbable Implants Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.1.3. North America Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.1.4. North America Bioresorbable Implants Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.1.5.2. US Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.1.6.2. Canada Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.1.7.2. Mexico Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.2. EUROPE BIORESORBABLE IMPLANTS MARKET
9.2.1. Europe Bioresorbable Implants Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.2.3. Europe Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.2.4. Europe Bioresorbable Implants Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.2.5.2. UK Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.2.6.2. Germany Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.2.7.2. France Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.3. ASIA PACIFIC BIORESORBABLE IMPLANTS MARKET
9.3.1. Asia Pacific Bioresorbable Implants Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.3.3. Asia Pacific Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.3.4. Asia Pacific Bioresorbable Implants Market Forecasts and Analysis - By Country
9.3.5. China Market Overview
9.3.5.1. China Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.3.5.2. China Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.3.6. Japan Market Overview
9.3.6.1. Japan Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.3.6.2. Japan Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.3.7. India Market Overview
9.3.7.1. India Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.3.7.2. India Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.4. MIDDLE EAST AND AFRICA (MEA) BIORESORBABLE IMPLANTS MARKET
9.4.1. Middle East and Africa (MEA) Bioresorbable Implants Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East and Africa (MEA) Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.4.3. Middle East and Africa (MEA) Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.4.4. Middle East and Africa (MEA) Bioresorbable Implants Market Forecasts and Analysis - By Country
9.4.5. UAE Market Overview
9.4.5.1. UAE Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.4.5.2. UAE Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.4.6.2. Saudi Arabia Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.4.7. South Africa Market Overview
9.4.7.1. South Africa Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.4.7.2. South Africa Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA BIORESORBABLE IMPLANTS MARKET
9.5.1. South and Central America Bioresorbable Implants Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.5.3. South and Central America Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
9.5.4. South and Central America Bioresorbable Implants Market Forecasts and Analysis - By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Bioresorbable Implants Market Forecasts and Analysis - By Product (US$ Mn)
9.5.5.2. Brazil Bioresorbable Implants Market Forecasts and Analysis - By Application (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. BIORESORBABLE IMPLANTS MARKET, KEY COMPANY PROFILES
11.1. BIORETEC LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DEPUY SYNTHES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. STRYKER
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SMITH & NEPHEW
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ZIMMER BIOMET
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MEDTRONIC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NUVASIVE, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BRI.TECH GMBH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OSSIO
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. REVA MEDICAL, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Bioretec Ltd.
2. Depuy Synthes
3. Stryker
4. Smith & Nephew
5. Zimmer Biomet
6. Medtronic
7. Nuvasive, Inc.
8. BRI.TECH GMBH
9. OSSIO
10. Reva Medical, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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