Worldwide Bioresorbable Medical Material Market (2019 to 2027)

DUBLIN, June 5, 2020 /PRNewswire/ — The “Bioresorbable Medical Material Market to 2027 – Global Analysis and Forecasts by Product Type; Application, and Geography” report has been added to ResearchAndMarkets.com’s offering.

The bioresorbable medical material market was valued at US$ 935.99 million in 2019 and is expected to grow at a CAGR of 9.7% from 2020 to 2027 to reach US$ 1,942.13 million by 2027.
Driving factors of the bioresorbable medical material are the rising adoption of bioresorbable polymers for medical use and an increasing number of orthopedic surgeries. However, factor like challenges associated with the use of bioresorbable materials for medical use is likely to have a negative impact on the growth of the market in the coming years.
The rise in the aging population is consequently leading to an increase in the total number of orthopedic procedures performed worldwide. In addition, the significant advancements in the field of orthopedic science have also helped in the conduction of better and efficient surgical procedures leading to their increasing adoption. The uses of biodegradable polymers that are used to produce bioresorbable implants have also witnessed a rise in their adoption.
According to a report by Becker’s Hospital, the total number of orthopedic surgeries performed in the US is expected to reach 6.6 million in 2020 as compared to 5.3 performed in 2010. Moreover, according to the American Society of Orthopedic Surgeons (AAOS), a full-time practicing orthopedic surgeon performs approximately 32 surgeries each month, which averages to more than one surgery performed per day. Therefore, increasing orthopedic surgeries coupled with the benefits of bioresorbable medical material to treat the musculoskeletal diseases and orthopedic injuries is likely to boost the demand for bioresorbable medical material during the forecast period.
The global bioresorbable medical material market is segmented by product type and application. The bioresorbable medical material market, by product type is segmented into Polylactide (PLA), Poly-L-lactide (PLLA), Poly-DL-lactide (PDLLA), Polyglycolide (PGA), Copolymers of PLA and PGA (PGLA). The Polylactide (PLA), the segment held the largest share of the market in 2019. The segment is also anticipated to register the highest CAGR in the market during the forecast period. Based on application, the bioresorbable medical material market is segmented into drug delivery, medical devices, orthopedics, other. The drug delivery held the largest share of the market in 2019 and is expected to register the fastest growth.
Some of the essential primary and secondary sources included in the report are, Food and Drug Administration, World Health Organization (WHO), Organization for Economic Co-operation and Development, National Cancer Foundation, and among others.
Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the bioresorbable medical material market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global bioresorbable medical material market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Key Topics Covered:
1. Introduction
2. Bioresorbable Medical Material Market – Key Takeaways
3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research
4. Bioresorbable Medical Material – Market Landscape4.1 Overview4.2 PEST Analysis4.2.1 North America4.2.2 Europe4.2.3 Asia Pacific4.2.4 Middle East & Africa4.2.5 South and Central America4.3 Expert Opinion
5. Bioresorbable Medical Material – Key Market Dynamics5.1 Market Drivers5.1.1 Increasing number of orthopedic surgeries5.1.2 Growing geriatric population5.1.3 Rising adoption of bioresorbable polymers for medical use5.2 Market Restraints5.2.1 Challenges associated with the use of bioresorbable materials for medical use5.2.2 Bassinet on the global business due to Coronavirus pandemic5.3 Market Opportunities5.3.1 Development of bioresorbable drug delivery systems during coronavirus outbreak5.3.2 Diversification in medical applications of bioresorbable materials by start-ups and established players5.4 Future Trends5.4.1 Consistent launch of new products5.5 Impact Analysis
6. Bioresorbable Medical Material Market – Global Analysis6.1 Global Bioresorbable Medical Material Market Revenue Forecast and Analysis6.2 Global Bioresorbable Medical Material Market, By Geography – Forecast and Analysis6.3 Market Positioning of Key Players
7. Bioresorbable Medical Material Market Analysis – By Product Type7.1 Overview7.2 Bioresorbable Medical Material Market Revenue Share, by Product Type (2019 and 2027)7.3 Polylactide (PLA)7.3.1 Overview7.3.2 Polylactide (PLA): Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)7.4 Poly-L-lactide (PLLA)7.4.1 Overview7.4.2 Poly-L-lactide (PLLA): Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)7.5 Poly-DL-lactide (PDLLA)7.5.1 Overview7.5.2 Poly-DL-lactide (PDLLA): Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)7.6 Polyglycolide (PGA)7.6.1 Overview7.6.2 Polyglycolide (PGA): Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)7.7 Polycaprolactone (PCL)7.7.1 Overview7.7.2 Polycaprolactone (PCL): Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)7.8 Others7.8.1 Overview7.8.2 Others: Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)
8. Bioresorbable Medical Material Market – By Application8.1 Overview8.2 Bioresorbable Medical Material Market, by Application, 2019 and 2027 (%)8.3 Drug Delivery8.3.1 Overview8.3.2 Drug Delivery: Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)8.4 Medical Devices8.4.1 Overview8.4.2 Medical Devices: Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)8.5 Orthopedics8.5.1 Overview8.5.2 Orthopedics: Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)8.6 Others8.6.1 Overview8.6.2 Others: Bioresorbable Medical Material Market – Revenue and Forecast to 2027 (US$ Million)
9. Bioresorbable Medical Material Market – Geographic Analysis9.1 North America: Bioresorbable Medical Material Market9.2 Europe: Bioresorbable Medical Material Market9.3 Asia Pacific: Bioresorbable Medical Material Market9.4 Middle East & Africa: Bioresorbable Medical Material Market9.5 South and Central America: Bioresorbable Medical Material Market
10. Bioresorbable Medical Material Market- Industry Landscape10.1 Overview10.1.1 Recent Developments by Players in Bioresorbable Medical Material Market
11. Bioresorbable Medical Material Market – Key Company Profiles11.1 Evonik11.1.1 Key Facts11.1.2 Business Description11.1.3 Products and Services11.1.4 Financial Overview11.1.5 SWOT Analysis11.1.6 Key Developments11.2 Foster Corporation11.3 Poly-Med Incorporated11.4 Zeus Industrial Products, Inc.11.5 Ashland11.6 Durect Corporation11.7 Groupe PCAS11.8 DSM11.9 Corbion11.10 Putnam Plastics
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SOURCE Research and Markets

                    , <br>Benzinga

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