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Bio-Absorbable Implants Market to Gain Impetus on Back of Growing Demand by 2025
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Bio-Absorbable Implants Market: Drivers and Restraints
Bio-Absorbable implants are the best replacement for bionic materials; they do not require a surgical procedure to remove devices. Additionally, the risk of peri-implant osteoporosis, infection, stress shielding reduced. They are biocompatible and placed across the mobile surfaces which reduce concerns about complications. The use of Bio-Absorbable implants now extends to spinal reconstructive surgeries. In spinal surgeries, implants mostly used for anterior interbody construction, bone graft harvest site reconstruction, band plating, and graft containment. Bio-absorbable implants offer an advantage of radiolucency, reduced need for hardware removal, facilitates radiographic examination and allow load transfer to the healing tissues. They also provide mechanical strength like bionic materials which required for fixation of fractures. All these factors act as a driver for burgeoning growth of Bio-Absorbable implant market.
The complications associated with the use of Bio-Absorbable implant includes osteolysis, hypertrophic fibrous encapsulation, synovitis, and sterile sinus tract formation. All these factors act as restraint in the growth of the Bio-Absorbable implants market. Comparatively, it is more advantageous because all complications can be managed efficiently.
Bio-Absorbable Implants Market: Segmentation
Segmentation based on Application
Fracture Fixation
Ligament Injuries
Arthrodesis
Osteotomies
Spinal Injuries
Segmentation based on End User
Hospitals
Clinics
Ambulatory Surgical Centers
Bio-Absorbable Implants Market: Market Overview
Global Bio-Absorbable Implants market witnessed robust growth due to high adoption among orthopedics. The demand of Bio-Absorbable implants is also increasing rapidly due to more compliance when compared to the traditional implant. They are mimicking traditional metallic devices with similar efficacy regarding maintaining stability. Companies are mainly focusing on innovation, like a novel use of Bio-Absorbable implants as bone graft extenders. The potential and diversity of Bio-Absorbable implants are increasingly rapidly from ortho to neurological, general surgery, craniomaxillofacial, etc. The future of Bio-Absorbable Implants Market is anticipated to grow at double CAGR during forecasted period.
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Bio-absorbable Implants Market: Region-wise Overview
Global Bio-absorbable implants market segmented into North America, Europe, Asia -Pacific & Japan, The Middle East and Africa regions and Latin America by region wise. North America dominates the global Bio-absorbable implants market due to the presence of dominant players in this region, and in North America, USA is a major stakeholder due to high adoption rate. Europe and Asia-pacific are the fastest growing market in Bio-absorbable implants market due to rising research activities due to increasing government support in these regions. The economic conditions in Asia-pacific region rise the Bio-Absorbable implants market to new heights. The Middle East and Africa regions and Latin America are also showing significant growth because of increasing number of manufacturing companies during the forecasted period.
Bio-absorbable Implants Market: Key Participants
The key participants in the Bio-absorbable implants market are Bioretec Ltd., TEKNIMED, Stryker, Smith & Nephew, Biocomposites, Tesco Associates, SBM France, etc. The companies are mainly focusing on collaboration and partnership to keep up the pace of the competitiveness and to acquire new markets.
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