Bioresorbable Medical Material Market Anticipated To Witness Robust Growth, Surpassing $2.52 Billion By 2029

The Bioresorbable Medical Material Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Bioresorbable Medical Material Market Size and Its Estimated Growth Rate?
The Bioresorbable Medical Material Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Bioresorbable Medical Material Market Size and Its Estimated Growth Rate?

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How Are Emerging Segments Shaping the Bioresorbable Medical Material Market Landscape?
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

Subsegments:
1) By Polylactic Acid (PLA): Low Molecular Weight PLA, High Molecular Weight PLA, PLA Blends
2) By Polyglycolic Acid (PGA): Homopolymer PGA, Copolymer PGA
3) By Polysaccharides: Chitosan, Alginate, Hyaluronic Acid Derivatives
4) By Polycaprolactone (PCL): Standard PCL, PCL Copolymers
5) By Poly Lactic-Co-Glycolic Acid (PLGA): 50:50 PLGA, 75:25 PLGA, Other PLGA Ratios

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Which Growth Factors Are Influencing Bioresorbable Medical Material Market Expansion?
The bioresorbable medical material market's growth is projected to be fueled by the rising number of surgeries. Surgical procedures, which necessitate an incision and the use of tools to halt or mend disease in a living being, apply bioresorbable polymers in the construction of medical devices, primarily those used in neurology, orthopedics and aesthetic surgery. These materials are ideal for creating sutures, anchors, and screws. For example, according to the International Society of Aesthetic Plastic Surgery (ISAPS), aesthetic procedures in the United States reached an estimated 35 million in 2023, with the total number of surgical and non-surgical procedures soaring by 3.4% to 34.9 million in June 2024. Hence, the surge in the number of surgeries is contributing to the expansion of the bioresorbable medical material market.

Who Are the Dominant Players Across Different Bioresorbable Medical Material Market Segments?
Major companies operating in the bioresorbable medical material market include 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., 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., NatureWorks LLC, Foster Corporation, Poly-Med Inc., Futerro S.A., TotalEnergies Corbion B.V.

What Are the Latest Developing Trends in the Bioresorbable Medical Material Market?
The development and launch of new biomaterials is a trend that is increasingly becoming prominent in the bioresorbable medical material market. Key players within this market are concentrating on the innovation of new materials for 3D printing in order to maintain their competitive edge. For instance, Zeus, a South Carolina firm that provides advanced polymer solutions for a variety of sectors including, but not limited to, healthcare, aerospace, energy, automotive, and fiber optics, rolled out a next-generation tubing for bioresorbable vascular scaffolds known as AbsorvTM XSE in September 2023. This was primarily to amplify the effectiveness of medical instruments, particularly those used in vascular treatments. AbsorvTM XSE is viewed as a crucial step forward in the evolution of bioresorbable medical technology, likely enhancing patient prognosis and widening the scope of treatment protocols. This cutting-edge product comes with a wide array of polymer choices and an expanded size range which facilitates the tailoring of mechanical and absorption characteristics. Furthermore, it provides better consistency in wall thickness which benefits production. Post-laser cutting, it yields approximately 25% more functional scaffolds compared to previous models.

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Which Geographic Regions Are Expected to Dominate the Bioresorbable Medical Material Market in the Coming Years?
North America was the largest region in the bioresorbable medical material market in 2024. Asia-Pacific is expected to be the fastest-growing region in the bioresorbable medical material market report during the forecast period. The regions covered in the bioresorbable medical material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bioresorbable Medical Material Market?
2. What is the CAGR expected in the Bioresorbable Medical Material Market?
3. What Are the Key Innovations Transforming the Bioresorbable Medical Material Industry?
4. Which Region Is Leading the Bioresorbable Medical Material Market?

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