Bioresorbable Implants Market
Bioresorbable Implants Market Forecasts to 2030 - Global Analysis By Product Type (Stents, Biological Meshes, Fixation Devices, Resorbable Mesh, Resorbable Band, Resorbable Scaffolds and Resorbable Tethers ), Material Type (Ceramics , Metallic, Polymers and Other Material Types), Application, End User and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $111.3 BN |
Projected Year Value (2030) |
US $206.08 BN |
CAGR (2023 - 2030) |
9.2% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Bioresorbable Implants Market is accounted for $111.3 billion in 2023 and is expected to reach $206.08 billion by 2030 growing at a CAGR of 9.2% during the forecast period. Bioresorbable implants are medical devices that are made from materials that are eventually broken down and absorbed by the body. The implants' bioresorbable components gradually diffuse in the body, negating the need for a second operation to remove the artificial material. The bioabsorbable implants can be made of both artificial and natural materials. The bioabsorbable implants will reduce the need of second surgery which is required in the case of metallic implants. The bioabsorbable implants are used in many applications such as cardiovascular in the form of stents, screws and pins are used in orthopedics for the treatment of fractures and ankle surgeries, also the implants are used in the form of mesh for the treatment of hernia and Pelvic organ prolapsed.
According to the World Health Organization (WHO) May 2017, factsheet around 17.9 million people died due to cardiovascular disease in 2016, accounting for 31% of all worldwide deaths.
Market Dynamics:
Driver:
Rising demand for bioresorbable bone scaffolds
Bone injuries can be repaired using bioresorbable bone scaffolds. They are progressively absorbed by the body, allowing for the development of new bone tissue. Bone deficiencies brought on by fractures, tumours, or infections can be filled with bioresorbable bone scaffolds. Additionally, the scaffold acts as a support structure for the development of new bone tissue, and it is eventually absorbed by the body. Bone grafts, or fragments of bone that are transplanted from one area of the body to another, can be stabilised using bioresorbable bone scaffolds. The scaffold aids in maintaining the position of the bone graft until it is assimilated into the surrounding bone. Insufficient bone can be treated with bioresorbable bone scaffolds to encourage bone development. Thus, there is an increasing demand for market growth.
Restraint:
Material limitations & cost considerations
In contrast to non-resorbable implants, the selection of materials for bioresorbable implants is currently constrained. Although polymers and ceramics are frequently used, not all applications may be suited to their mechanical characteristics, rates of degradation, or processing methods. Additionally, due to the increased cost of materials, manufacturing procedures, and regulatory restrictions, bioresorbable implants may be more expensive than non-resorbable implants. Healthcare professionals, insurers, and patients all heavily weigh the cost-effectiveness of bioresorbable implants, which can have an impact depending on how they are used. Therefore, these are significant barriers to the market expansion.
Opportunity:
Rising investment in research and development
Bioresorbable implants are the subject of extensive research and development. They can lower the possibility of problems like inflammation and infection. This is due to the fact that they are constructed using substances that are safe for the human body. Additionally, by lowering the need for revision surgery, bioresorbable implants can enhance patient outcomes. This occurs as a result of their progressive body absorption, which enables new tissue to develop in their place. Over time, bioresorbable implants may cost less than conventional implants. New and better bioresorbable implants are being created due to increased funding for research and development. These factors expand the market growth.
Threat:
Lack of awareness and education
Surgeons and other medical specialists, as well as physicians generally, might not be very familiar with or knowledgeable about bioresorbable implants. Lack of knowledge may cause reluctance or limited adoption of this more recent technology. Lack of knowledge may cause people to hesitate before using bioresorbable implants or to be reluctant to change accepted norms. However, in comparison to non-resorbable implants, they can be concerned about the strength, longevity, or long-term functioning of these implants. Healthcare providers may be reluctant to suggest or utilise bioresorbable implants without the necessary training and information, which hinders market growth.
Covid-19 Impact
The COVID-19 pandemic had a profound effect on the world market for bioabsorbable implants. The demand for bioresorbable implants was limited as a result of hospitals deferring elective treatments like orthopaedic surgery because of the epidemic. The COVID-19's limitations on how the chemicals and materials industry operates have hurt the worldwide market. Additionally, due to supply chain disruptions and challenges sourcing raw materials, the market for bioresorbable implants has been severely restricted. The market for bioabsorbable implants is anticipated to expand dramatically over the coming years, despite these short-term challenges.
The ceramics segment is expected to be the largest during the forecast period
The ceramics segment is estimated to hold the largest share. Ceramics are inorganic, non-metallic materials with special qualities that make them ideal for certain uses in bioresorbable implants. Ceramics are widely employed in bioresorbable implants because to their superior mechanical strength, biocompatibility, and osteoconductive qualities. Ceramic materials can act as a scaffold for bone re growth and make it easier for the implant to blend in with the surrounding tissue. Bioresorbable implants made of ceramic are frequently utilised in situations where strong mechanical performance and structural support are necessary.
The biological meshes segment is expected to have the highest CAGR during the forecast period
The biological meshes segment is anticipated to have lucrative growth during the forecast period. Implantable materials called "biological meshes" are created using biological resources like human cadaver donors or animal tissues. Extracellular matrix (ECM), which supports structural integrity and aids in tissue integration, is preserved in these meshes' processing and treatment while cellular components are eliminated. The body usually tolerates biological meshes well because they are made of natural materials. Compared to synthetic materials, they are less susceptible to immunological reactions or rejection. The body has the capacity to restructure and eventually resorb biological meshes. A natural mending process is brought about by the mesh gradually deteriorating and being replaced by fresh tissue.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to factors such as a high prevalence of cardiovascular disease and an increase in the geriatric population, which is expected to increase the number of cases of osteoporosis and osteoarthritis. Moreover, rise in demand for orthopedic implants and continuous development of advanced technologies to improve the clinical performance of contemporary treatment modalities and devices are projected to fuel the growth of the market in North America during the forecast period.
Region with highest CAGR:
Asia-Pacific is expected to witness profitable growth over the projection period due to extensive awareness about the bioresorbable implants; these areas are most likely to be potential markets for bioresorbable implant in the region. The Asia-Pacific region has a large and growing aging population. This is leading to an increase in the number of people with chronic diseases, such as osteoporosis and osteoarthritis. Bioresorbable implants can be used to treat these diseases and improve the quality of life of patients.
Key players in the market
Some of the key players in the Bioresorbable Implants Market include Medtronic Plc, Dentsply Shiroma., Boston Scientific Corporation, Meryl Life Sciences Pvt. Ltd., Stryker Corporation, Smith & Nephew Plc, KLS Martin, Wright Medical Group, Biotronik Ltd, Syntellix AG, JW Medical Systems LTD, Q3 Medical Devices Limited., Orbusneich Medical., Depuy Synthes, Bioretec Ltd, Conmed Corporation and Zimmer Biomet Holdings, Inc.
Key Developments:
In September 2022, Biotronik Ltd Announces Collaboration with AliveCor As First In A Series of Strategic Partnerships to Disrupt Cardiac Digital Health With AI-Enabled Solutions. This partnership aims to enable faster diagnosis, more informed clinical decision-making and effective treatment by bringing complete information to every step in the diagnosis, device implant, and management process.
In February 2021, Stryker Corporation and Brainomix announced a new partnership that will represent a transformative solution for stroke networks across EMEA, enabling broader utilization of stroke imaging AI tools to help more patients gain access to life-saving treatments.
Product Types Covered:
• Stents
• Biological Meshes
• Fixation Devices
• Resorbable Mesh
• Resorbable Band
• Resorbable Scaffolds
• Resorbable Tethers
Material Types Covered:
• Ceramics
• Metallic
• Polymers
• Other Material Types
Applications Covered:
• Orthopedics
• Cardiovascular
• General Surgery
• Cosmetic Surgery
• Cranial
• Dental Surgery
• Vascular Surgery
End Users Covered:
• Specialty Clinics
• Hospitals
• Ambulatory Surgical Centers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bioresorbable Implants Market, By Product Type
5.1 Introduction
5.2 Stents
5.2.1 Peripheral Artery Stents
5.2.2 Coronary Artery Stents
5.2.3 Non vascular Stents
5.2.3.1 Biliary Stents
5.2.3.2 Esophageal Stents
5.3 Biological Meshes
5.4 Fixation Devices
5.5 Resorbable Mesh
5.6 Resorbable Band
5.7 Resorbable Scaffolds
5.8 Resorbable Tethers
6 Global Bioresorbable Implants Market, By Material Type
6.1 Introduction
6.2 Ceramics
6.3 Metallic
6.4 Polymers
6.4.1 PGA (Polyglycolide)
6.4.2 Co-Polymers
6.4.3 PLA (Polylactide)
6.5 Other Material Types
7 Global Bioresorbable Implants Market, By Application
7.1 Introduction
7.2 Orthopedics
7.3 Cardiovascular
7.4 General Surgery
7.5 Cosmetic Surgery
7.6 Cranial
7.7 Dental Surgery
7.8 Vascular Surgery
8 Global Bioresorbable Implants Market, By End User
8.1 Introduction
8.2 Specialty Clinics
8.3 Hospitals
8.4 Ambulatory Surgical Centers
8.5 Other End Users
9 Global Bioresorbable Implants Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Medtronic Plc
11.2 Dentsply Shiroma.
11.3 Boston Scientific Corporation
11.4 Meryl Life Sciences Pvt. Ltd.
11.5 Stryker Corporation
11.6 Smith & Nephew Plc
11.7 KLS Martin
11.8 Wright Medical Group
11.9 Biotronik Ltd
11.10 Syntellix AG
11.11 JW Medical Systems LTD
11.12 Q3 Medical Devices Limited.
11.13 Orbusneich Medical.
11.14 Depuy Synthes
11.15 Bioretec Ltd
11.16 Conmed Corporation
11.17 Zimmer Biomet Holdings, Inc.
List of Tables
Table 1 Global Bioresorbable Implants Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Bioresorbable Implants Market Outlook, By Product Type (2021-2030) ($MN)
Table 3 Global Bioresorbable Implants Market Outlook, By Stents (2021-2030) ($MN)
Table 4 Global Bioresorbable Implants Market Outlook, By Peripheral Artery Stents (2021-2030) ($MN)
Table 5 Global Bioresorbable Implants Market Outlook, By Coronary Artery Stents (2021-2030) ($MN)
Table 6 Global Bioresorbable Implants Market Outlook, By Non vascular Stents (2021-2030) ($MN)
Table 7 Global Bioresorbable Implants Market Outlook, By Biological Meshes (2021-2030) ($MN)
Table 8 Global Bioresorbable Implants Market Outlook, By Fixation Devices (2021-2030) ($MN)
Table 9 Global Bioresorbable Implants Market Outlook, By Resorbable Mesh (2021-2030) ($MN)
Table 10 Global Bioresorbable Implants Market Outlook, By Resorbable Band (2021-2030) ($MN)
Table 11 Global Bioresorbable Implants Market Outlook, By Resorbable Scaffolds (2021-2030) ($MN)
Table 12 Global Bioresorbable Implants Market Outlook, By Resorbable Tethers (2021-2030) ($MN)
Table 13 Global Bioresorbable Implants Market Outlook, By Material Type (2021-2030) ($MN)
Table 14 Global Bioresorbable Implants Market Outlook, By Ceramics (2021-2030) ($MN)
Table 15 Global Bioresorbable Implants Market Outlook, By Metallic (2021-2030) ($MN)
Table 16 Global Bioresorbable Implants Market Outlook, By Polymers (2021-2030) ($MN)
Table 17 Global Bioresorbable Implants Market Outlook, By PGA (Polyglycolide) (2021-2030) ($MN)
Table 18 Global Bioresorbable Implants Market Outlook, By Co-Polymers (2021-2030) ($MN)
Table 19 Global Bioresorbable Implants Market Outlook, By PLA (Polylactide) (2021-2030) ($MN)
Table 20 Global Bioresorbable Implants Market Outlook, By Other Material Types (2021-2030) ($MN)
Table 21 Global Bioresorbable Implants Market Outlook, By Application (2021-2030) ($MN)
Table 22 Global Bioresorbable Implants Market Outlook, By Orthopedics (2021-2030) ($MN)
Table 23 Global Bioresorbable Implants Market Outlook, By Cardiovascular (2021-2030) ($MN)
Table 24 Global Bioresorbable Implants Market Outlook, By General Surgery (2021-2030) ($MN)
Table 25 Global Bioresorbable Implants Market Outlook, By Cosmetic Surgery (2021-2030) ($MN)
Table 26 Global Bioresorbable Implants Market Outlook, By Cranial (2021-2030) ($MN)
Table 27 Global Bioresorbable Implants Market Outlook, By Dental Surgery (2021-2030) ($MN)
Table 28 Global Bioresorbable Implants Market Outlook, By Vascular Surgery (2021-2030) ($MN)
Table 29 Global Bioresorbable Implants Market Outlook, By End User (2021-2030) ($MN)
Table 30 Global Bioresorbable Implants Market Outlook, By Specialty Clinics (2021-2030) ($MN)
Table 31 Global Bioresorbable Implants Market Outlook, By Hospitals (2021-2030) ($MN)
Table 32 Global Bioresorbable Implants Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
Table 33 Global Bioresorbable Implants Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 2 North America Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 3 US Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 4 Canada Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 6 Europe Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 7 Germany Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 8 UK Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 9 Italy Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 10 France Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 11 Spain Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 14 Japan Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 15 China Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 16 India Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 17 Australia Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 21 South America Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 24 Chile Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 28 UAE Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Bioresorbable Implants Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Bioresorbable Implants Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
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Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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