Global Bioresorbable Implants Market Estimated to Grow at a CAGR of 6.3% During the Forecast Period From 2020 To 2025 – Axiom MRC

The global bioresorbable implants market is experiencing a favorable growth trend, as it holds an upper hand over the conventional titanium implants. The ability of bioresorbable implants to dissolve within the body without the requirement for surgical removal is catalyzing the adoption of such implants in the healthcare industry for various applications.

Bioresorbable Implants Market Insights
• Rising number of orthopedic surgeries to provide impetus to bioresorbable market
• The growing awareness of benefits of bioresorbable implants and the launch of new and innovative implants will augment the market growth in the coming years.
• Key players operating in this market are focused on adapting acquisition strategies in order to gain access to innovation product offerings in the potential market.

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The global study of bioresorbable implants analyses the market based on type, application and geography. The various types of bioresorbable implants studied in this verticle include metallic and polymer implants. The polymer segment consist of PLLA- Poly L-lactide, PLGA- Polylactic-co-glycolic acid, PLA- Polylactic Acid and PGA- Polyglycolic Acid. The market finds application ranging from orthopedic to cardiovascular application. The major end user of the industry are hospitals, ambulatory surgical centers etc. The global study of bioresorbable implants vertical conducted to estimate and forecast revenue across the countries of key regions of North America, Europe, APAC and rest of the world regions.

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The global bioresorbable implants market is encountering a favorable growth trend, as it holds a high ground over the customary titanium inserts. Moreover, growing orthopaedic, cardiovascular surgeries, coupled with growing geriatric populace driving the bioresorbable implants market. According to the United Nations, 2017, nearly 13 % of the global population comprised of people aged 60 plus years. Moreover, the capability of bioresorbable implants to dissolve inside the body without the restraint of surgical removal is motivating the acceptance of such implants in healthcare.

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Some of the major players operating in this market include Bioretec Ltd., CONMED Corporation, Depuy Synthes, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew Plc., and Boston Scientific Corporation among others.

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