Press release
The Bio Absorbable Implants market to witness an incremental CAGR between 2020 and 2030
The bio-absorbable implant is chemical compounds which are designed to be absorbed by the body without eliciting the immune response. Bio-Absorbable implants are used to overcome the issues like rigidity, radiopacity, infections, growth disturbances, etc. Bio-Absorbable implants are an internal fixation of fractures, ligament injuries, arthrodesis, and osteotomies. Bio-Absorbable implants maintain fixation and decompose gradually without no stress shielding. They do not require a surgical procedure for removal. They are different types of materials are used for Bio-Absorbable implants namely polyglycolic acid, polylactic acid, polydioxanone, etc. Polyglycolic acid occurs in different forms namely poly Dextro- and polylevolactic acid. The degradation of Bio-Absorbable implants mainly occurred by hydrolytic breaking and non-specific enzymatic reactions. The degradation rate of Bio-Absorbable implants varies, a polylevolactic acid having the longer degradation time. The Bio-Absorbable Implants completely adsorbed within the bone tissue and the degradation proceeds. Newer Bio-Absorbable polymers offer reduced incidence of side effects along with more resorption time parameters. The commercially available Bio-Absorbable implant includes pins and screws. They are more tensile and flexible when compared to traditional implants with easy adoption.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.
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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
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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.
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.
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Bio-absorbable Implants Market: Key Participants
Bioretec Ltd.
TEKNIMED
Stryker
Smith & Nephew
Biocomposites
Tesco Associates
SBM France
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