Bioresorbable Implants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Bioresorbable Implants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2020 | Medical Devices | PPT format

Report Digest


Global Bioresorbable Implants Market: Overview

The global bioresorable implants market is gaining traction, owing to the convenience it provides to the healthcare sector in improving the damaged and injured biological structures. Previously, the conventional implants were highly used by orthopedic surgeons for fixing several internal structures. These traditional implants have required a lot of advancement and development over the decades. However, the advanced form of implants which is also known as bioresorable implants have the ability in dissolving within human body. Moreover, later on such bioresorable implants can also get replaced by the natural bones. Rising healthcare market in various developing economies is mainly offering lucrative opportunities to the growth of the global bioresorable implants market.

In terms of applications, the global bioresorable implants market is segmented into cardiovascular, osteomyelitis, and pediatric orthopedics. Among these, cardiovascular segment accounts for the maximum share in the global bioresorable implants market. This is due to the increasing incidences of heart failure and several others cardiac disorders worldwide. Apart from this, growing cases of chronic diseases and increasing number of road accidents are also majorly fueling growth in the global bioresorable implants market.

Global Bioresorbable Implants Market: Notable Developments

A few recent developments positively influencing the growth of the global bioresorable implants market include:

  • Stryker has invented an advanced technology – Sonic Anchor, which is especially designed for facilitating soft tissue to bone fixation. This technology allows implant’s interdigitation with the surrounding bone structure.
  • Bioretec has developed the bioresorbable implants with its Finnish material technology which is offering advanced properties. The company has also launched world’s first antibiotic releasing bioresorbable fixation device.

Some of the most prominent competitors operating in the competitive landscape of global bioresorbable implants market include –

  • Smith & Nephew
  • Medtronic
  • DePuy Synthes
  • Biomet
  • Nu Vasive

Global Bioresorbable Implants Market: Key Growth Drivers

Rising Healthcare Expenditures in both Developed and Developing Economies Fillip Market

There were numerous problems associated with conventional implants which include the stress shielding, potential for long-term relocation, reaction of the metal, breakage, and rapid interference with the imaging devices. Currently, several bioresorable implants have been manufactured as a feasible alternative to a wide range of indications. Bioresorable implants are made in such a way that it consists of porous and comparatively larger in size. The interconnecting porous assembly is highly required so that the device can be integrated with the implant which help in better vascularization.

However, by using the additive manufacturing technology, the interconnecting porous structure can be built directly. Such USPs are majorly contributing demand in the global bioresorable implants market. Along with this, rising cases of trauma associated with skeletal injuries is also propelling expansion in the global bioresorable implants market.

Furthermore, bioresorable implants can be available in the form of PGA, PDS, PLA, and Self-reinforcing (SR). However, increasing applications of bioresorable implants in dental and medical streams is also providing impetus to the growth of the global bioresorable implants market. Apart from this, burgeoning population and rising disposable incomes are also majorly driving the global bioresorable implants market.

Global Bioresorbable Implants Market: Regional Outlook

On the regional front, North America is anticipated to dominate the global bioresorable implants market as the region has witnessed rapid development and advancement in healthcare sector. Along with this, high prevalence of several chronic diseases, increasing cases of heart disorders, and rising investments in healthcare are also responsible for fueling growth in the bioresorable implants market in this region.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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