The global bioresorbable medical material market size is expected to reach USD 2,193.01 Million by 2028 at a CAGR of 9.9%, according to the latest report by Reports and Data. Increasing number of orthopedic surgeries performed in geriatric patients, cost-effective surgical procedures, and growing use of biodegradable materials in medical sector are key factors expected to drive market revenue growth over the forecast period. In addition, advancements in orthopedic science and implants are some other factors expected to support market growth going ahead.
Bioresorbable medical materials are absorbed and excreted by the body after they complete their temporary functions of mechanical, scaffolding, and biointegration. New generation of bioresorbable medical devices have been developed over the recent past to minimize the long-term side effects of corrosion-resistant implants. Bioresorbable medical materials or devices are made up of polymers that can be easily degraded over time. This has enabled the medical sector to overcome issues related to non-natural medical devices with regards to biological incompatibility that can lead to toxic side effects and immune rejection. This has increased interest of researchers and pharma companies in bioresorbable medical devices and is expected to continue to be prevalent going ahead.
Top Companies operating in the Market and Profiled in the Report include:
Evonik
Foster Corporation
Poly-Med Corporation
Zeus Industrial Products Inc.
Ashland
Durect Corporation
Groupe PCAS
DSM, Corbion
Putnam Plastics
For the purpose of this report, Reports and Data has segmented the Biologics market on the basis of product, application, end use and region :
Type Outlook (Revenue, USD Million; Volume in Tons, 2018–2028)
Polylactic Acid (PLA)
Polyglycolic Acid (PGA)
Polysaccharides
Polycaprolactone (PCL)
PLGA
Application Outlook (Revenue, USD Million; Volume in Tons, 2018–2028)
Drug Delivery
Orthopedics
Others
Region analysis Covers:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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