Bioresorbable implants are important in advanced healthcare because they support and improve biological structures that have been damaged. Bioresorbable implants are biodegradable implants that are biologically integrated into the body and degrade over time.
The global bioresorbable implants market size was valued at US$ 5,543.1 million in 2017, and is expected to exhibit a CAGR of 7.7 % over the forecast period (2018 – 2026).
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Increasing incidences of orthopedic surgeries is expected to propel growth of the bioresorbable implants market
Bioresorbable implants are utilised in a variety of procedures, including dentistry, orthopaedic, and other procedures. Furthermore, the rising prevalence of cardiovascular disease is likely to boost demand for cardiovascular procedures, resulting in market expansion. According to a May 2017 factsheet published by the World Health Organization (WHO), 17.9 million people died from cardiovascular disease in 2016, accounting for 31% of all fatalities globally.
Furthermore, the market for bioresorbable implants is expected to develop due to an increase in the prevalence of trauma related with skeletal injuries over the forecast period. According to a factsheet published by the World Health Organization (WHO), vehicle accidents cause between 20 and 50 million injuries worldwide each year. Road traffic injuries are the main cause of death among people aged 5 to 29, with more than 1.35 million individuals dying each year as a result of traffic accidents around the world.
However, the market’s expansion is projected to be hampered by concerns over bioresorbable implants’ safety. Various adverse occurrences of material used in bioresorbable implants, such as polyglycolide that causes swelling and cyst formation, have been recorded, according to a National Center for Biotechnology Information (NCBI) report from October 2014.
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Increasing research and development in cardiovascular segment in North America is expected to bolster the market growth
North America holds dominant position in the global bioresorbable implants market, owing to high prevalence of cardiovascular disease. According to the American Heart Association, cardiovascular illnesses killed roughly 17.3 million people worldwide in 2016, with an anticipated 23.3 million people dying from cardiovascular disease by 2030. For example, Sirolimus-eluting Iron Bioresorbable Coronary Scaffold System developed by Lifetech Scientific (Shenzhen) Co., Ltd. is under study and estimated to complete study in April 2023.
Furthermore, the growing aging population in this region is likely to drive demand for osteoporosis and osteoarthritis patients, boosting market growth over the foreseeable period. For example, according to International Osteoporosis Foundation statistics, osteoporosis cause more than 8.9 million fractures annually worldwide, resulting in an osteoporotic fracture every 3 seconds and around 1.6 million hip fractures occur worldwide each year.
Furthermore, leading competitors in the market are concentrating their efforts on obtaining FDA clearance for novel products to treat patients. For example, Boston Scientific, which launched its SYNERGY Bioabsorbable Polymer Drug-Eluting Stent System consist of platinum, chromium metals. This stent is highly accepted amongst physician worldwide because of its optimal healing property and providing treatment option for complex cases.
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Key Players
Major players operating in the global bioresorbable implants market include Bioretec Ltd., CONMED Corporation, Depuy Synthes, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew Plc., and Boston Scientific Corporation.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Pipeline Analysis
- Reimbursement Scenario
- Epidemiology
- Pest Analysis
- Regulatory Scenario
- New Product Launches
- Collaborations and Agreements
- Market Trends
- Market Dynamics
- Global Bioresorbable Implants Market, By Product Type, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Metallic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Polymer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- PLGA- Poly lactic-co-glycolic acid
- PLLA- Poly L-lactide
- PGA- Polyglycolic Acid
- PLA- Polylactic Acid
- Others
- Introduction
- Global Bioresorbable Implants Market, By Application, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Orthopedic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Cardiovascular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Introduction
- Global Bioresorbable Implants Market, By End User, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Introduction
- Global Bioresorbable Implants Market, By Region, 2018 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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