Bioresorbable Medical Material Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024-2033 | Medtronic PLC, Futerro S.A., Arkema S.A., Royal DSM N.V., Durect Corporation

"The new report published by The Business Research Company, titled Bioresorbable Medical Material Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the bioresorbable medical material market size has grown rapidly in recent years. It will grow from $1.4 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The bioresorbable medical material market size is expected to see strong growth in the next few years. It will grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.

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Increasing Number Of Surgeries Propels The Bioresorbable Medical Material Market
The increasing number of surgeries is expected to propel the growth of the bioresorbable medical material market going forward. Surgical procedures refer to medical treatment that involves making an incision and using tools to stop or repair disease in a living body. Bioresorbable polymers are used in molded medical equipment, particularly those used in neurology, orthopedics, and cosmetic surgery. Bioresorbable materials can be used to make sutures, anchors, and screws. For instance, in 2022, according to the British Heart Foundation, a UK-based cardiovascular research charity. states that in UK surgical procedures, transcatheter aortic valve replacement (TAVR) or transcatheter aortic valve implantation (TAVI) surgeries, increased from 5,676 in 2019/20 to 6,328 in 2020/21. Therefore, the increasing number of surgeries is driving the growth of the bioresorbable medical material market.

Breakthrough In Bioresorbable 3D Printing Reshapes The Medical Material Landscape
The introduction of novel biomaterials is a key trend gaining popularity in the bioresorbable medical material market. Major companies operating in the bioresorbable medical material market are focused on developing novel biomaterials for 3D printing applications to sustain their position in the market. For instance, in June 2021, Evonik Industries AG, a Germany-based specialty chemicals company specializing in bioresorbable materials, developed has developed a new 3D-printable PEEK biomaterial for medical technology. With VESTAKEEP Care M40 3DF, the specialty chemicals company launched a polyether ether ke*tone filament for medical applications with body contact for up to 30 days. The high-performance polymer can be processed in common extrusion-based 3D printing technologies such as fused filament fabrication (FFF) or fused deposition modeling (FDM). With the product launch, Evonik is expanding the possibilities for individual treatment of patients using additive manufacturing.

The bioresorbable medical material market covered in this report is segmented -
1) By Type: Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polysaccharides, Polycaprolactone (PCL), Poly Lactic-Co-Glycolic Acid (PLGA)
2) By Application: Drug Delivery, Orthopedics, Other Applications
3) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Research Institutes, Other End-Users

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Major companies operating in the bioresorbable medical material market report are Johnson & Johnson, Abbott Laboratories, Medtronic PLC, Kureha Corporation, Evonik Industries AG, Stryker Corporation, Toray Industries Inc., Mitsui Chemicals Inc., Arkema S.A., Royal DSM N.V., Zimmer Biomet Holdings Inc., COFCO Biotechnology Co. Ltd., Ashland Global Holdings Inc., Corbion N.V., Zeus Industrial Products Inc., Unitika Ltd., Danimer Scientific, Synbra Technology, KLS Martin Group, Durect Corporation, Putnam Plastics Corporation, Zhejiang Haizheng Biomaterials Co. Ltd., Shenzhen eSUN Industrial Co. Ltd., NatureWorks LLC, Foster Corporation, Poly-Med Inc., Futerro S.A., TotalEnergies Corbion B.V.

Contents of the report:
1. Executive Summary
2. Bioresorbable Medical Material Market Report Structure
3. Bioresorbable Medical Material Market Trends And Strategies
4. Bioresorbable Medical Material Market - Macro Economic Scenario
5. Bioresorbable Medical Material Market Size And Growth
…..
27. Bioresorbable Medical Material Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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