Bioresorbable implants Market Strategic Analysis, Forecast 2022-2029

Market Overview
Bioabsorbable implants are the ones that absorb in the body. Bioresorbable materials used for the implants slowly diffuse in the human body, so a second surgery to remove the Synthetic material is not required. The materials used in bioabsorbable implants can be synthetic and natural. Bioabsorbable implants have a wide range of indications, from ocular implants to fixations of bone grafts.

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Market Dynamics:
Leading Competitors in the market are concentrating their efforts on obtaining FDA clearance is expected to drive the market.
Recently, many bioresorbable implants have been made available as a feasible alternative to various indications. These bioresorbable implants dissolve in the human body and then get replaced by natural bones. For the somewhat large implants, interconnecting porous assembly is needed so that it can be integrated with the implant for better vascularization. The additive manufacturing technology, this interconnecting porous structure can be manufactured directly. The leading competitors in the market are concentrating their efforts on obtaining FDA clearance for novel products to treat patients.

For instance, Boston Scientific launched its SYNERGY Bioabsorbable Polymer Drug-Eluting Stent System consisting of platinum and chromium metals. This stent is highly accepted amongst physicians worldwide because of its optimal healing property and treatment options for complex cases.

Also, on May 23, 2021, Bioretec Ltd. received FDA breakthrough device designation of its RemeOs Screws for use in traumatology and orthopedic surgery, according to a press release. The new products are intended for bone fractures and for correcting deformities or malalignments. Created from a bioactive alloy, the screws contain elements natural to the body, like magnesium, zinc and calcium, which help promote new bone formation.

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Market Segmentation:
By Material Type
• Metallic
• Polymers
• PLGA- Polylactic-co-glycolic acid
• PLLA- Poly L-lactide
By Application
• Cardiovascular
• Orthopedics
By End-User
• Hospitals
• Ambulatory Surgical Centers

Major Companies:
Stryker Corporation, ConMed Corporation, Syntellix AG, Johnson & Johnson Medical Devices (DePuy Synthes), Zimmer Biomet Holdings, Becton, Dickinson and Company (C.R. Bard), NuVasive Inc., KLS Martin, Smith & Nephew, Medtronic Plc.

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