The Global Biodegradable Scaffold Market Growth Accelerated By Uptake In Orthopedic Applications

Biodegradable scaffolds are widely used in bone tissue engineering and regeneration for orthopedic and dental applications. These scaffolds temporarily support and guide the growth of new autologous tissues and gradually resorb after implantation. They offer advantages such as biocompatibility, minimal rejection, and can be made from natural raw materials such as collagen and polylactic-co-glycolic acid.

The global biodegradable scaffold market is estimated to be valued at US$ 2.31 Bn in 2024 and is expected to exhibit a CAGR of 4.1%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The uptake of biodegradable scaffolds in orthopedic applications has increased significantly over the past decade. Biodegradable scaffolds are widely used in bone fixation and replacements in orthopedic surgeries as they reduce the need for secondary surgeries to remove non-biodegradable implants. They gradually degrade and passively transfer stress to developing bone, thereby promoting natural bone healing. Key players are focusing on developing novel biomaterial-based biodegradable scaffolds with enhanced mechanical strength, degradation rate, and ability to promote bone regeneration for orthopedic tissue engineering applications. This is expected to further drive the demand for biodegradable scaffolds over the forecast period.

Segment Analysis
The biodegradable scaffold market is dominated by the cardiovascular segment due to rising cases of cardiovascular diseases globally. The sub-segment of cardiac biodegradable scaffolds holds more than 60% share of the overall market owing to increasing use of such scaffolds for repairing damaged heart tissues.

Key Takeaways
The global Biodegradable Scaffold Market Share is expected to witness high growth during the forecast period of 2024 to 2031. The market size is projected to reach US$ 4.18 Mn by 2031 from US$ 2.31 Mn  in 2024, expanding at a CAGR of 4.1% .

Regional analysis
North America dominates the biodegradable scaffold market with over 35% share. Rising prevalence of chronic diseases and growing geriatric population are driving the demand for biodegradable scaffolds in the region. Asia Pacific is expected to witness the fastest growth during the forecast period attributed to increasing healthcare expenditure and rising medical tourism in countries like India and China.

Key players
Key players operating in the biodegradable scaffold market include Medtronic Plc, Koninklijke Philips N.V., Abbott, Johnson & Johnson Service Inc., Merit Medical Systems, Inc., Stryker, Penumbra, Inc. Medtronic Plc holds approximately 20% market share owing to its diverse product portfolio in bioresorbable scaffolds.

The global biodegradable scaffold market is highly competitive with the presence of both international and domestic players. Major companies are focusing on new product launches and collaborations to strengthening their presence and expand geographic footprint.

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