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What Is the Forecast for the Bioresorbable Medical Material Market from 2024 to 2025?

The market size for bioresorbable medical materials has witnessed swift expansion in the last few years. The anticipated growth is from $1.56 billion in 2024 to approximately $1.72 billion in 2025, with a compound annual growth rate (CAGR) of around 10.1%. Factors contributing to the rise in the past period include constraints of traditional non-resorbable materials, advancements in the field of polymer science, an increase in cardiovascular interventions, a rise in the aging populace, and the broadening scope of minimally invasive surgeries.

What Is the Projected Market Size of the Bioresorbable Medical Material Market?

In the coming years, the market size for bioresorbable medical materials is predicted to experience a substantial surge. By 2029, this market’s value will reach $2.52 billion at a Compound Annual growth rate of 10.0%. Several factors can be credited for this projected growth in the forecasted period, including the rising demand for bioresorbable scaffolds, the increasing utilization of bioresorbable materials in diverse medical applications, the emergence of cardiovascular and orthopedic procedures, an accentuated emphasis on patient comfort and recuperation, and broadening use in tissue engineering. Key emerging trends in this forecast period involve the tailoring of bioresorbable materials for particular medical applications, the incorporation of these materials into drug delivery systems, the burgeoning growth of 3D printing in the production of bioresorbable medical devices, the creation of a combo of products with bioresorbable components, and a focus on sustainable and eco-friendly medical materials.

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Who are the Major Competitors in the Bioresorbable Medical Material Market Outlook?

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.

What Is Fueling Growth in the Bioresorbable Medical Material Market?

The bioresorbable medical material market’s expansion is expected to be fueled by a rise in the number of surgical procedures. These surgical procedures are a form of medical treatment that involves executing an incision and using instruments to halt or mend diseases within a living organism. In the molding of medical tools, especially those employed in neurology, orthopedics, and aesthetic surgery, bioresorbable polymers are frequently used. Bioresorbable materials are used in the production of sutures, anchors, and screws. As reported by the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based organization, in June 2024, aesthetic procedures in 2023 neared a staggering 35 million, with the total number of surgical and non-surgical procedures increasing by 3.4% to 34.9 million. As a result, the growth in surgical procedures is fueling the expansion of the bioresorbable medical material market.

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Which Bioresorbable Medical Material Market Segments Are Growing the Fastest?

The bioresorbable medical material market 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

Which Industry Trends Are Shaping the Future of the Bioresorbable Medical Material Market?

The proliferation of new biomaterials is an emerging trend garnering attention in the bioresorbable medical material industry. Prominent businesses in this sector are channeling their efforts into inventing unique biomaterials for 3D printing uses, in order to stay competitive. For example, in September 2023, Zeus, a company based in South Carolina with a specialty in cutting-edge polymer solutions for diverse sectors like medical, aerospace, energy, automotive, and fiber optics, introduced a new generation tubing for bioresorbable vascular scaffolds, dubbed AbsorvTM XSE. This move was meant to bolster the functionality of medical apparatus, especially in the vascular treatment field. AbsorvTM XSE is seen as a major stride in the creation of bioresorbable medical devices, fostering better patient results and broader therapeutic alternatives. This inventive product allows extensive modification with an array of polymer selections and expanded sizes, facilitating customized mechanical and absorption attributes. It promises enhanced wall thickness consistency for regular production and provides about 25% additional usable scaffolds after laser cutting compared to earlier models.

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Which Countries Are Leading the Bioresorbable Medical Material Market?

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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This Report Delivers Insight On:

1. How big is the bioresorbable medical material market, and how is it changing globally?

2. Who are the major companies in the bioresorbable medical material market, and how are they performing?

3. What are the key opportunities and risks in the bioresorbable medical material market right now?

4. Which products or customer segments are growing the most in the bioresorbable medical material market?

5. What factors are helping or slowing down the growth of the bioresorbable medical material market?

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