Rising population, improved healthcare facilities in developing economies, shift from traditional surgical methods to advanced methods, rise in R&D activities in biodegradable polymers segment for bone graft and rise in bone disorders will primarily drive the biodegradable bone graft polymers market till 2024.
Sellbyville, DE -- (SBWIRE) -- 06/14/2019 -- Global Market Insights has added a new report on Biodegradable Bone Graft Polymers Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.
Growing population as well as availability of better healthcare facilities at emerging economies, shift in traditional surgical methodology for implementing advanced technology, increasing investment on research and development process, all these factors will drive the overall biodegradable bone graft polymers market over the forecast period. Rising demand from medical industry specifically for spine and joint reconstruction application with dental application which is growing at a sluggish rate will also enhance market demand during the forecast timeframe.
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According to a new research report by Global Market Insights, Inc. Biodegradable Bone Graft Polymers Market size will exceed USD 690 million by 2024.
The market is driven by natural based biodegradable polymers like chitosan and collage which are majorly used as implants for arrows, tacks, anchors, screws and needles for shoulder, knees. etc. It has various application few of these are bone fixation, arthroscopy, craniomaxilliofacial and spine. Further it is available in low cost and has greater mechanical strength its distinctive properties like biocompatibility, osteo conductive.etc will further augment market growth.
Polylactic acid (PLA) segment is likely to grow over the coming years due to increasing trauma cases across the globe which is fueling the overall market for biodegradable bone graft polymers. It is majorly used polymers owing to its degradable and strength properties. In addition, it is also combined with other resin which are further used as membranes for internal fixation. Thus, the market is likely to grow owing to these factors and will show healthy growth over the forecast timeframe.
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On the basis of application, the joint reconstruction will grow at significant rate by the end of forecast years, owing to increasing surgical procedures in Europe and North America. Better healthcare facilities, copolymeric materials and innovative surgical measures is likely to foster the market demand of various natural as well as synthetic polymers. Spinal fusion segment is growing in terms of revenue owing to rising application for degenerative disc ailments.
The North America market is majorly dominated by U.S. due to growing old age population in the country, which have contributed a major share toward the growth of biodegradable bone graft polymers. Continuous R&D activities along with implementation of technologically advanced process and equipment such as innovative medical devices and implant design for surgeries have increased the application of these polymers in pharmaceutical industries. Further, growing rate of accident will augment the market of biodegradable bone graft polymers.
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Prominent market players of biodegradable bone graft polymers products are Evonik, KLS Martin, Corbion, PolySciences Inc and Foster Corporation.