Bioresorbable Implants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3941 | Report Format : | Status : Upcoming |

Abstract

Global Bioresorbable Implants Market: Overview

Bioresorbable implants play a major role in advance healthcare, as they support and improve damaged biological structure. Bioresorbable implants are biologically integrated into the body, which gradually decomposes after a stipulated time.

Global Bioresorbable Implants Market: Growth Factors

Bioresorbable implants are used in various dental, orthopedic, and other surgeries. Moreover, the high prevalence of cardiovascular disease is expected to propel demand for cardiovascular surgeries, which in turn is expected to drive the bioresorbable implants market growth over the coming years.

Moreover, increasing incidences of trauma associated with skeletal injuries are propelling the growth of the bioresorbable implants market over the forecast period. According to the World Health Organization (WHO) factsheet 2018, road accidents cause about 20 and 50 million injuries annually around the world. Road traffic injuries are the leading cause of death among people aged between 5 and 29 years, and more than 1.35 million people die each year as a result of road traffic crashes globally.     

However, safety issues due to bioresorbable implants are expected to hinder market growth. One of the most restraining factors of bioresorbable polymers is their inherent low strength compared to metals. Furthermore, the time-consuming approval processes of bioresorbable implants by the regulatory authorities, the unfavorable government reimbursement policy, and the high cost of treatment will deter the bioresorbable implants market growth in the next few years.

Furthermore, increasing incidences of chronic diseases, rising geriatric population, increasing incidences of road accidents growing disposable incomes and a high level of healthcare will drive the bioresorbable implants market earnings in the coming years.  In addition, massive applications of the bioresorbable implants in medical and dental streams will boost the scope of the business in the foreseeable future.

Global Bioresorbable Implants Market: Segmentation

The global bioresorbable implants market can be classified into material type, application, and end user. Based on the material type, the bioresorbable implants market can be sectored into Metallic and Polymer. On the basis of application, the market can be divided into Orthopedic, Cardiovascular, and Others. Based on the end user, the market is classified into Hospitals, Ambulatory Surgical Centers, and Others.

Global Bioresorbable Implants Market: Regional Analysis

Based on regions, the global bioresorbable implants market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

North America is projected to hold a dominant position in the global bioresorbable implants market, owing to the high prevalence of cardiovascular disease. According to the American Heart Association, a large amount of the U.S. population is expected to die from cardiovascular disease in the coming decade. Moreover, the increase in geriatric population in this region and growing cases of osteoporosis and osteoarthritis is expected to propel the product demand. This, in turn, is expected to bolster the bioresorbable implants market growth in North America over the forecast timespan.

Moreover, other regions like the Asia Pacific and Middle East & Africa are expected to record a lucrative growth in the bioresorbable implants markets in forthcoming years. Across emerging markets, the Latin American market is expected to have strong growth in the forecast timeframe, owing to the massive awareness about the bioresorbable implants. The European market is likely to have a huge untapped and latent market growth potential. 

Global Bioresorbable Implants Market: Competitive Players

Some of the key players in bioresorbable implants market are Bioretec Ltd., CONMED Corporation, DePuy Synthes, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew Plc., and Boston Scientific Corporation.

Global Bioresorbable Implants Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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