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Resorbable Implant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2028

  • Report ID : 100104
  • Category : Healthcare Technology
  • Pages : -----
  • Reporting status : Published Jan, 19
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Resorbable implants are prosthetics in nature and are biologically assimilated in the body and is also not required to be removed after a stimulated time. The implants are utilized to regularize the function in the body. The medical device also preserves fixation and gradually decomposes, transferring the stress resulting in healed tissue. The implant degrades in the body via hydrolysis and converts into biocompatible degradation products, which are metabolized by the body. The primary application of the implant is to offer a temporary support to the injured part of the body, allowing it to heal the damaged tissue. Thereafter, the implant disappears gradually post complete fixation and leaves the tissue without any existence of foreign material.

The ability of resorbable implants to eventually assimilate in the body biologically is extremely advantageous, eliminating the long term risks of implantation related complications in the patient. This encourages patients to prefer a biodegradable implant since it can remain in the body permanently and does not require a removal surgery, over a metal implant that might cause pain, wear and tear and a second surgery or a removal procedure. Henceforth, positively impacting the resorbable implant market over the forecast period.

The growth in the global geriatric population dealing with various chronic medical conditions has led to the demand of a safe, fast and effective treatment method for age related medical problems. The application of resorbable factor caters these demands has shown appreciable patient outcome in various orthopedic and dental surgeries. Thus, triggering the demand and application of resorbable implant thereby contributing to the market growth.

Advancement in healthcare industry in the form of sophisticated infrastructure and treatment methods is another factor enhancing the industry growth. However, resorbable implants are made up of polymers that are inherently lower in strength as compared to metals implant rendering them unsuitable for certain cases, constraining the industry growth. Also, high cost for treatment and time consuming approval procedures of implants by regulatory bodies are also expected to hamper the growth of resorbable implants market.

On the basis of product type, the global resorbable implants market is segmented into resorbable band, resorbable mesh, resorbable stent, resorbable scaffolds and resorbable tethers. Based on material type, the global resorbable implant market is segregated into Polylactic acid, Poly-L-Lactic acid, Polyglycolic acid, Poly-D-Lactic Acid, Poly beta Hydroxybutyrate, Polycaprolactone and Polydiaxonone. The application segment is bifurcated into dental surgery, general surgery, vascular surgery and orthopedic surgery. Further, ambulatory surgical centers, specialty clinics and hospitals are few end-users of the market. Geographically, the resorbable implant market is segmented in five regions which include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North American region is estimated to hold the largest share in terms of revenue owing to the stronger health care infrastructure and maximum number of the key manufacturers in the region. Europe region is also predicted to be the largest resorbable implants market post North American region owing to the rise of technological advancement in the region and increasing growth in the geriatric population. Dense population and advancement in infrastructure and technologies pertinent to healthcare is also projected to lead the growth in the Asia Pacific region.

Key companies in resorbable implants market are Johnson & Johnson Services, Inc., Tornier, Inc., Degradable Solutions AG, Bionx Implants Inc., Proxy Biomedical Ltd, Integra Life Sciences Corporation and KLS Martin LP.

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