Biodegradable Magnesium‐Based Implants Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Biodegradable Magnesium‐Based Implants Market Size

According to new survey, global Biodegradable Magnesium‐Based Implants market is projected to reach US$ 148.9 million in 2029, increasing from US$ 120 million in 2022, with the CAGR of 3.1% during the period of 2023 to 2029.

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Biodegradable magnesium alloys as a new generation of biomedical materials have many advantages over traditional materials, in line with the development trend of biomedical materials. It can be used for the development of unique new medical devices. Its clinical applications will have a milestone in the development of biomedical materials.

With the increasing global focus on sustainability and environmental friendliness, the market trend for biodegradable magnesium-based implants in the medical devices sector is on the rise. These implants are highly favored for their excellent biocompatibility and biodegradable properties. Magnesium is an essential trace element in the human body, which means magnesium-based implants do not induce unnecessary allergic reactions or rejection. Additionally, they can gradually degrade within the body, reducing the need for secondary surgeries and positively impacting patient recovery and quality of life. From a market perspective, the increasing aging population worldwide and the prevalence of chronic diseases such as musculoskeletal disorders create extensive opportunities in the biodegradable magnesium-based implant market. The trend in the medical industry is shifting towards personalized medicine and reducing surgical risks, aligning well with the characteristics of magnesium-based implants. Consequently, it is expected that over time, this market will continue to grow rapidly to meet the demand for sustainable and efficient treatment methods from both patients and healthcare professionals.

By Type
• Bone Nail
• Bone Plate
• Cardiovascular Stent

By Application
• Clinical Research Center
• Hospital

By Company
Biotronik, Syntellix AG, Dongguan Eontec, SINOMED, ZHUOMED

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This release was published on openPR.