Press release
2025-2034 Bioresorbable Medical Material Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Bioresorbable Medical Material Industry Market Size Be by 2025?
The market volume for bioresorbable medical materials has experienced robust expansion of late, projecting a rise from its $1.56 billion valuation in 2024 to $1.71 billion the following year, reflecting a compound annual growth rate (CAGR) of 9.8%; this upward trajectory during the past period is linked to shortcomings inherent in established non-resorbable substances, progress in polymer technology, a spike in cardiovascular procedures, the increasing proportion of elderly individuals within the population, and the wider adoption of less invasive surgical techniques.
What's the Long-Term Growth Forecast for the Bioresorbable Medical Material Market Size Through 2029?
Anticipated robust expansion is projected for the market concerning bioresorbable medical materials over the coming years, reaching a valuation of $2.51 billion by 2029, driven by a compound annual growth rate (CAGR) pegged at 10.0%. This upward trajectory during the projection timeline is fueled by several key factors: soaring requirements for bioresorbable scaffolding, the wider implementation of resorbable substances across diverse medical fields, an escalation in both cardiovascular and orthopedic interventions, greater attention paid to patient ease and recuperation, and the broadening utility within tissue engineering. Key shifts shaping this outlook feature bespoke tailoring of these resorbable substances for niche medical uses, incorporating them into drug conveyance mechanisms, the increasing reliance on three-dimensional printing techniques for producing such devices, the emergence of combined products incorporating biodegradable components, and a pronounced leaning towards ecologically sound and sustainable medical material alternatives.
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What Are the Key Growth Drivers Fueling the Bioresorbable Medical Material Market Expansion?
Anticipated expansion in surgical volumes is poised to fuel the progression of the market for bioresorbable medical materials.Surgical interventions encompass medical therapies where an incision is made and instruments are employed to address or mend pathology within a living organism.Molded medical devices, prominently utilized across neurosurgery, orthopedic applications, and aesthetic surgical fields, frequently incorporate bioresorbable polymers.These degradable substances lend themselves to the fabrication of items such as fixation devices like screws and anchors, alongside absorbable sutures.To illustrate this trend, data released in June 2024 by the US-based International Society of Aesthetic Plastic Surgery (ISAPS) indicated that approximately 35 million aesthetic procedures were undertaken in 2023, marking a 3.4% upswing in the combined count of operative and non-operative treatments, totaling 34.9 million;consequently, the rising frequency of these operations serves as a key impetus for the expansion of the bioresorbable medical material sector.
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What Are the Key Trends Driving Bioresorbable Medical Material Market Growth?
A significant development capturing momentum within the market for bioresorbable medical supplies involves the introduction of entirely new biomaterials. Leading enterprises active in this sector are directing their efforts toward formulating innovative biomaterials specifically for 3D printing, a strategy essential for maintaining their competitive standing. To illustrate this, Zeus, a firm situated in South Carolina known for its sophisticated polymer solutions across sectors such as medical, aerospace, energy, automotive, and fiber optics, released its next-generation tubing, branded AbsorvTM XSE, in September 2023; this product is designed for bioresorbable vascular scaffolds and aims to significantly bolster the performance of medical apparatus, especially in vascular therapy contexts. AbsorvTM XSE represents a considerable step forward in engineering bioresorbable medical instruments, promising enhancements to patient recovery and broadening the scope of treatable conditions. This cutting-edge offering allows for substantial personalization due to its array of polymer choices and increased dimensional availability, facilitating the creation of devices with customized mechanical profiles and degradation rates. Furthermore, the product guarantees greater consistency in wall thickness throughout manufacturing processes and yields roughly a quarter more functional scaffolds after laser cutting when contrasted with previous formulations.
How Is the Bioresorbable Medical Material Market Segmented?
The bioresorbable medical materialmarket 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 Companies Are Leading the Charge in Bioresorbable Medical Material Market Innovation?
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.
Which Regions Are Leading the Global Bioresorbable Medical Material Market in Revenue?
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.
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