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Bioresorbable Medical Material Global Market Report 2025: Emergence of New Trends, Eminent Key Players and a CAGR of 10.1% Forecasted
Bioresorbable Medical Material Global Market
What Is The Projected Market Size Of The Global Bioresorbable Medical Material Market And Its Growth Rate?
• Growth from $1.56 billion in 2024 to $1.72 billion in 2025 (10.1% CAGR)
• Rapid growth expected; forecasted to reach $2.52 billion in 2029 (10.0% CAGR)
• Growth factors: advancements in polymer science, increasing cardiovascular interventions, expansion of minimally invasive surgeries among the aging population, and overcoming traditional non-resorbable materials limitations
• Forecast period trends: customization of bioresorbable materials for specific medical applications, integration in drug delivery systems, role in 3D printing and development of combination medical products, and emphasis on sustainable and environmentally friendly materials.
What Is Driving The Growth In The Bioresorbable Medical Material Market?
The bioresorbable medical material market growth is primarily fuelled by the increasing number of surgeries. The implementation of bioresorbable polymers in molded medical equipment, especially in neurology, orthopedics, and cosmetic surgery, is pivotal. For instance, the International Society of Aesthetic Plastic Surgery reported that aesthetic procedures reached 35 million in 2023, marking 3.4% rise to 34.9 million surgical and non-surgical procedures. These indicators depict a substantial impact of increasing surgeries on the market expansion.
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Who Are The Key Players Driving Bioresorbable Medical Material Market Growth?
Notable entities in the market are:
• Johnson & Johnson
• Abbott Laboratories
• Medtronic PLC
• Evonik Industries AG
• Stryker Corporation
• Zimmer Biomet Holdings Inc.
• Ashland Global Holdings Inc.
What Are The Key Trends In The Bioresorbable Medical Material Market?
Major trends include:
• Customization of bioresorbable materials for specific medical applications
• Integration of bioresorbable materials in drug delivery systems
• Growth of 3D printing in bioresorbable medical device manufacturing
• Development of combination products with bioresorbable elements
• Emphasis on sustainable and environmentally friendly materials.
What Are The Segments Of The Global Bioresorbable Medical Material Market?
Market is segmented by:
• Type: Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polysaccharides, Polycaprolactone (PCL), Poly Lactic-Co-Glycolic Acid (PLGA)
• Application: Drug Delivery, Orthopedics, Other Applications
• End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Research Institutes, Other End-Users
Which Region Leads The Bioresorbable Medical Material Market?
North America was the largest market in 2024, with Asia-Pacific anticipated as the fastest-growing region during the forecast period.
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What Is Covered In The Bioresorbable Medical Material Market Report?
- Market Size Analysis: Analyze the Bioresorbable Medical Material Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bioresorbable Medical Material Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bioresorbable Medical Material Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bioresorbable Medical Material Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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