Biodegradable Magnesium‐Based Implants Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | 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‐Based Implants Market Trends
The rising need for more efficient orthopedic and cardiovascular solutions, along with biomedical engineering breakthroughs, is driving the expansion of the biodegradable magnesium-based implants market. The spontaneous biodegradation of magnesium-based implants in the body makes them particularly attractive as there is no need for additional surgery to remove the implant. This characteristic significantly lowers the danger and pain for the patient as a whole and the expenses incurred by the healthcare system for additional procedures. Furthermore, the intrinsic mechanical characteristics and biocompatibility of magnesium as a material closely resemble those of human bone, facilitating improved integration and healing. There is a growing trend in medicine to use biodegradable materials, such as magnesium, for temporary structural support throughout the healing process because of their potential to enhance patient outcomes and save costs.
Additionally, the need for novel materials in surgical treatments is fueled by the increased prevalence of chronic conditions including osteoporosis and cardiovascular illnesses that call for surgical interventions. Sustainable medical practices are also supported by regulatory organizations and healthcare systems, which helps to promote the use of environmentally friendly and biodegradable components like magnesium. With financing and expenditures focused at resolving long-standing issues with magnesium implants, such as regulating the rate of deterioration and enhancing the mechanical strength, research and development in this area is growing. The market is expected to increase as a result of these continuous improvements, which not only improve the functional performance of magnesium-based implants but also expand their potential applications across many medical sectors.

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Segment by Type
• Bone Nail
• Bone Plate
• Cardiovascular Stent
• Others

Segment 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.