Bioresorbable Medical Material Global Market Is Expected To Grow At A Rate Of 9.9%Through 2023 – 2027
18 Oct, 2023
The global bioresorbable medical material market is projected to expand from $1.26 billion in 2022 to $1.4 billion in 2023, with a compound annual growth rate (CAGR) of 11.1%. By 2027, the market size for global bioresorbable medical materials is anticipated to reach $2.04 billion, showcasing a CAGR of 9.9%.
Global Bioresorbable Medical Material Market Key Driver
The anticipated rise in the number of surgeries is poised to drive the expansion of the bioresorbable medical material market. Surgical procedures involve medical interventions that typically entail making incisions and utilizing tools to address or rectify ailments in a living organism. Bioresorbable polymers play a pivotal role in the fabrication of medical devices, especially those employed in neurology, orthopedics, and cosmetic surgery. Bioresorbable materials are well-suited for producing items such as sutures, anchors, and screws.
Get a Sample of the global bioresorbable medical material market reportGlobal Bioresorbable Medical Material Market Segments
The global bioresorbable medical material market 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
4) By Geography: The regions covered in the bioresorbable medical material market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global bioresorbable medical material market.
Major Bioresorbable Medical Material Industry Players
Bioresorbable Medical Material Market Overview
Bioresorbable medical materials are substances specifically engineered to be gradually absorbed or disintegrated by the body. These materials find application in diverse medical uses, including surgical implants and tissue engineering frameworks, offering several benefits compared to permanent implants. They obviate the necessity for surgical extraction once their intended purpose is fulfilled.
Bioresorbable Medical Material Global Market Report 2023 provides data on the global bioresorbable medical materials market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bioresorbable medical materials market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.