Bioresorbable implants are widely used in various biomedical applications such as in trauma fixation, drug delivery, and orthopedic applications owing to its ability to undergo resorption after serving their intended clinical purpose, leaving no trace of biomaterials behind. The demand for bioresorbable implants is increasing in minimally invasive surgeries as it eliminates the need for implant removal, which reduces post-surgery complications and hospital stay.
Market key trends:
The increasing demand for minimally invasive surgeries is one of the major trends witnessed in the global bioresorbable implants market. Minimally invasive surgeries such as arthroscopic surgery require implants that resorb post-serving their intended clinical purpose to avoid implant removal. Bioresorbable implants eliminate the need for implant removal surgeries, thereby reducing post-surgery complications and hospital stay. The demand for minimally invasive procedures is increasing owing to benefits such as lesser pain, lower risk of infection, and faster recovery. These advantages associated with minimally invasive procedures are expected to aid the market growth of bioresorbable implants over the forecast period.
Segment Analysis
The global bioresorbable implants market is segmented based on material type, application, end use and geography. Among material types, the polymer-based bioresorbable implants segment currently dominates the market due to satisfactory mechanical properties and stress shielding compared to metals and ceramics. Further, the increasing usage and availability of polymers composed of lactic acid and glycolic acid is augmenting the growth of this segment.
Key Takeaways
Global Bioresorbable Implants Market Size is expected to witness high growth over the forecast period.
Regional analysis: North America currently accounts for the largest share of the global bioresorbable implants market due to the strong presence of major market players and increasing research and development activities in the region. Moreover, the rising number of surgical procedures and traction of minimally invasive surgeries are further contributing to market growth.
Key players operating in the bioresorbable implants market are Corbion, Evonik, Foster Corporation, DSM, Poly-Med, KLS Martin, and Depuy Synthes. Corbion is one of the leading players offering bioresorbable polymers and medical device components for various applications such as orthopedic implants and sutures. Meanwhile, Evonik is a major manufacturer of bioresorbable polymers for medical applications.
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