The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The bioresorbable medical material market is experiencing rapid growth, driven by:

• Surge in surgical procedures across various medical specialties.
• Utilization of bioresorbable polymers in neurology, orthopedics, and cosmetic surgery.
• Application in sutures, anchors, and screws to aid in tissue repair.
• Example: Increase in transcatheter aortic valve replacement surgeries contributing to market growth.

Breakthrough In Bioresorbable 3D Printing Reshapes The Medical Material Landscape

Innovations in biomaterials, particularly in 3D printing, are reshaping the medical material market:

• Companies like Evonik Industries AG are developing novel biomaterials for 3D printing applications.
• Introduction of 3D-printable PEEK biomaterial for medical technology.
• Expansion of possibilities for individualized patient treatment through additive manufacturing.

BD Enhances Surgical Mesh Portfolio With Acquisition Of Tepha Inc.

Strategic acquisitions are driving market expansion and innovation:

• BD’s acquisition of Tepha Inc. strengthens its surgical mesh portfolio and opens new soft tissue repair markets.
• Tepha Inc. specializes in producing bioresorbable scaffolds for soft tissue repair.
• Example of market players consolidating to enhance product offerings and market presence.

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Market Segmentation and Regional Analysis

The bioresorbable medical material market is segmented based on various factors, including:

• Types: Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polysaccharides, Polycaprolactone (PCL), Poly Lactic-Co-Glycolic Acid (PLGA).
• Applications: Drug Delivery, Orthopedics, and Other Medical Applications.
• End-Users: Hospitals And Clinics, Ambulatory Surgical Centers, Research Institutes, and Others.

North America Leads, Asia-Pacific Shows High Growth Potential

• North America dominated the bioresorbable medical material market in 2023.
• Asia-Pacific is expected to witness the fastest growth during the forecast period.
• Increasing healthcare investments and growing awareness driving market expansion in Asia-Pacific.

Future Outlook and Trends

Looking ahead, the bioresorbable medical material market is poised for significant growth and innovation, with trends such as:

• Customization of bioresorbable materials for specific medical applications.
• Integration of bioresorbable materials in drug delivery systems.
• Growth of 3D printing in bioresorbable medical device manufacturing.
• Development of combination products with bioresorbable elements.
• Emphasis on sustainable and environmentally friendly medical materials.

Conclusion

The bioresorbable medical material market is witnessing rapid growth, fueled by innovations in surgical procedures, 3D printing, and strategic acquisitions. With increasing demand for bioresorbable materials in various medical applications and the emergence of new technologies, the market is poised for dynamic expansion. As market players continue to invest in research and development to address evolving healthcare needs, the bioresorbable medical material market is expected to play a pivotal role in enhancing patient outcomes and driving medical innovation in the years to come.

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