Market Overview:
The global bioabsorbable implants market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and technological advancements in implantable devices. Based on type, the global bioabsorbable implants market is segmented into polymers biomaterials, natural biomaterials, and others. Polymers biomaterials are further classified into absorbable polymers and non-absorbable polymers. Absorbable polymers are further sub-segmented into biodegradables and bioerodibles polymer materials. Natural biomaterials are classified as collagen matrices and other natural biomaterials such as hyaluronic acid (HA) gels/fibrils/sponges, chitosan scaffolds etc., while others include ceramic materials and metal alloys etc. Based on application, the global bioabsorbable implants market is segmented into cardiovascular implants (stents), dental implants (root form fillings), orthopedic implants (total hip replacement [THR] & total knee replacement [TKR]), spinal Implants (vertebroplasty & kyphoplasty), ophthalmology Implants (lens replacements) and others including ENT surgery & urology surgery).
Product Definition:
A bioabsorbable implant is a medical device made from natural or synthetic materials that are designed to be absorbed by the body after a certain period of time. Bioabsorbable implants are often used in surgery to replace or support damaged tissue. They can also be used to deliver drugs or other therapies directly to the target area. The importance of bioabsorbable implants lies in their ability to dissolve safely and without causing any adverse effects once they have served their purpose.
Polymers biomaterial:
Polymers biomaterial, also known as smart materials or bioactive materials are in a constant state of change. They have the ability to respond to biological or chemical signals and influence cell behavior. Polymer-based biomedical devices have been used for over two decades in surgical interventions and diagnostics.
Natural biomaterial:
Natural biomaterials are materials that occur in nature and have similar molecular structures to those of the biological tissues. They can be used as substitutes for synthetic or other materials in medical implants. Some of the most commonly used natural biomaterials include collagen, bone cement, and bioactive glass.
Collagen is a protein found in connective tissue such as cartilage, skin, blood vessels & bones; it is also produced naturally by the body itself.
Application Insights:
The global bioabsorbable implants market is segmented on the basis of application into cardiovascular, dental, orthopedic, spinal and ophthalmology. The orthopedic segment held the largest share in 2017 owing to increasing cases of bone diseases and fractures. Bioabsorbable implants are used in surgeries for replacing a part of a bone with an implant so that it can heal faster than usual. This will help reduce pain & suffering as well as enable early return to normal activities.
The cardiovascular segment is expected to witness lucrative growth over the forecast period due to rising incidence of heart-related disorders coupled with high demand for minimally invasive surgeries worldwide. Minimally invasive surgeries use small incisions instead of large ones which reduces postoperative pain & allows rapid recovery at home without hospitalization or surgery again soon after initial healing has occurred.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the local presence of major players, high disposable income, and availability of reimbursement facilities for medical treatments. The region is expected to witness a rise in demand for bioabsorbable implants owing to growing number of R&D activities and technological advancements coupled with increasing healthcare expenditure by government agencies as well as private organizations.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period due to factors such as rising population, aging population along with increasing awareness about various treatment options available particularly regarding advanced surgeries using bioabsorbable materials that do not cause any harm or long-term effects on body organs & structures. Moreover, low cost of these products attract patients from developing countries like India & China for undergoing surgeries using these implants thus boosting growth in this region (APAC).
Growth Factors:
- Increasing incidence of chronic diseases such as cancer, cardiovascular diseases, and orthopedic disorders is expected to drive the demand for bioabsorbable implants over the forecast period.
- Rising geriatric population is also anticipated to boost the market growth as this population is more susceptible to chronic diseases that require surgical interventions.
- Technological advancements in absorbable implant technology are expected to offer new opportunities for market growth over the next few years.
- Growing demand for minimally invasive surgeries is projected to favor the adoption of bioabsorbable implants worldwide due to their ability to dissolve after performing their intended function without causing any harm or side effects post-surgery.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bioabsorbable Implants Market Research Report
By Type
Polymers biomaterial, Natural biomaterial, Others
By Application
Cardiovascular Implants, Dental Implants, Orthopedic Implants, Spinal Implants, Ophthalmology Implants, Others
By Companies
Abbott Laboratories, Boston Scientific, Dentsply Sirona, Johnson & Johnson, Medtronic, Smith & Nephew, Stryker, Victrex plc, Wright Medical Group, Zimmer Biomet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Bioabsorbable Implants Market Report Segments:
The global Bioabsorbable Implants market is segmented on the basis of:
Types
Polymers biomaterial, Natural biomaterial, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cardiovascular Implants, Dental Implants, Orthopedic Implants, Spinal Implants, Ophthalmology Implants, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott Laboratories
- Boston Scientific
- Dentsply Sirona
- Johnson & Johnson
- Medtronic
- Smith & Nephew
- Stryker
- Victrex plc
- Wright Medical Group
- Zimmer Biomet
Highlights of The Bioabsorbable Implants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polymers biomaterial
- Natural biomaterial
- Others
- By Application:
- Cardiovascular Implants
- Dental Implants
- Orthopedic Implants
- Spinal Implants
- Ophthalmology Implants
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bioabsorbable Implants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bioabsorbable implants are medical devices that are made of natural or synthetic materials that can be absorbed by the body over time. This means that the implant can dissolve and be eliminated without causing any harm to the patient.
Some of the major companies in the bioabsorbable implants market are Abbott Laboratories, Boston Scientific, Dentsply Sirona, Johnson & Johnson, Medtronic, Smith & Nephew, Stryker, Victrex plc, Wright Medical Group, Zimmer Biomet.
The bioabsorbable implants market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bioabsorbable Implants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bioabsorbable Implants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bioabsorbable Implants Market - Supply Chain
4.5. Global Bioabsorbable Implants Market Forecast
4.5.1. Bioabsorbable Implants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bioabsorbable Implants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bioabsorbable Implants Market Absolute $ Opportunity
5. Global Bioabsorbable Implants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bioabsorbable Implants Market Size and Volume Forecast by Type
5.3.1. Polymers biomaterial
5.3.2. Natural biomaterial
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bioabsorbable Implants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bioabsorbable Implants Market Size and Volume Forecast by Application
6.3.1. Cardiovascular Implants
6.3.2. Dental Implants
6.3.3. Orthopedic Implants
6.3.4. Spinal Implants
6.3.5. Ophthalmology Implants
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bioabsorbable Implants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bioabsorbable Implants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bioabsorbable Implants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bioabsorbable Implants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bioabsorbable Implants Demand Share Forecast, 2019-2029
9. North America Bioabsorbable Implants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bioabsorbable Implants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bioabsorbable Implants Market Size and Volume Forecast by Application
9.4.1. Cardiovascular Implants
9.4.2. Dental Implants
9.4.3. Orthopedic Implants
9.4.4. Spinal Implants
9.4.5. Ophthalmology Implants
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bioabsorbable Implants Market Size and Volume Forecast by Type
9.7.1. Polymers biomaterial
9.7.2. Natural biomaterial
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bioabsorbable Implants Demand Share Forecast, 2019-2029
10. Latin America Bioabsorbable Implants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bioabsorbable Implants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bioabsorbable Implants Market Size and Volume Forecast by Application
10.4.1. Cardiovascular Implants
10.4.2. Dental Implants
10.4.3. Orthopedic Implants
10.4.4. Spinal Implants
10.4.5. Ophthalmology Implants
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bioabsorbable Implants Market Size and Volume Forecast by Type
10.7.1. Polymers biomaterial
10.7.2. Natural biomaterial
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bioabsorbable Implants Demand Share Forecast, 2019-2029
11. Europe Bioabsorbable Implants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bioabsorbable Implants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bioabsorbable Implants Market Size and Volume Forecast by Application
11.4.1. Cardiovascular Implants
11.4.2. Dental Implants
11.4.3. Orthopedic Implants
11.4.4. Spinal Implants
11.4.5. Ophthalmology Implants
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bioabsorbable Implants Market Size and Volume Forecast by Type
11.7.1. Polymers biomaterial
11.7.2. Natural biomaterial
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bioabsorbable Implants Demand Share, 2019-2029
12. Asia Pacific Bioabsorbable Implants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bioabsorbable Implants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bioabsorbable Implants Market Size and Volume Forecast by Application
12.4.1. Cardiovascular Implants
12.4.2. Dental Implants
12.4.3. Orthopedic Implants
12.4.4. Spinal Implants
12.4.5. Ophthalmology Implants
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bioabsorbable Implants Market Size and Volume Forecast by Type
12.7.1. Polymers biomaterial
12.7.2. Natural biomaterial
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bioabsorbable Implants Demand Share, 2019-2029
13. Middle East & Africa Bioabsorbable Implants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bioabsorbable Implants Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bioabsorbable Implants Market Size and Volume Forecast by Application
13.4.1. Cardiovascular Implants
13.4.2. Dental Implants
13.4.3. Orthopedic Implants
13.4.4. Spinal Implants
13.4.5. Ophthalmology Implants
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bioabsorbable Implants Market Size and Volume Forecast by Type
13.7.1. Polymers biomaterial
13.7.2. Natural biomaterial
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bioabsorbable Implants Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Bioabsorbable Implants Market: Market Share Analysis
14.2. Bioabsorbable Implants Distributors and Customers
14.3. Bioabsorbable Implants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Abbott Laboratories
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boston Scientific
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dentsply Sirona
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Johnson & Johnson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Medtronic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Smith & Nephew
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stryker
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Victrex plc
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wright Medical Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zimmer Biomet
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook