Biodegradable
Bone Graft Polymers Market to exceed USD 690 million by 2024; according
to a new research report by Global Market Insights, Inc.
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. Rise in demand from
joint reconstruction (hip, knee and extremities) and spine application along
with slow but steady demand from dental application will significantly drive
the demand over the forecast period.
Low cost medium volume materials
such as collagen and chitosan have been researched widely in the medical
industry as they have distinctive properties such as biocompatibility,
biodegradability and osteo conductive properties which find applications in
dental and ortho biologics applications. Spinal fusion is an important and
fast-growing application especially in North America because of higher
percentage of old population.
Moreover synthetic and natural
polymers such as PLA, PG, PC, chitosan and collagen can undergo various
manufacturing process and can be easily molded which itself presents a huge
opportunity for 3D printing in near future. As compared to other surgical
procedures, biodegradable polymer grafts do not require second surgical event
for removal purpose and hence find potential in the competitive market.
Increasing R&D activities for
improved materials, use of co polymers, high cost of polymers and use of
traditional surgical methods in developing nations will show some adverse
impact on the biodegradable bone graft polymers market that will restraints its
full growth to some extent over the projected years.
Joint reconstruction which
consists of knee, hip and extremities a significant market share in 2016
because of rise in surgical procedures owing to aging population in North
America and Europe. Improved healthcare facilities, advanced surgical
procedures and rise in innovative copolymeric materials will boost the demand
of different natural and synthetic biodegradable polymers for bone graft
purpose.Spinal fusion is one the fastest growing application for biodegradable
polymers particularly because of rise in degenerative disc diseases. Poly
lactic acid copolymers such as (poly-L-lactide) PLLA, (poly-D-lactide) PDLA,
PDLLA are widely used in spine fusion applications as they provide excellent
mechanical strength and are biocompatible. Increase in trauma cases globally is
fueling the poly lactic acid market for spinal fusion.
North America will have the largest
share of the global biodegradable bone graft polymers market by 2024. Rise in
old age population, continuous R&D efforts, innovations in implant design
and availability of advanced medical devices, rise in accident and trauma cases
will fuel the North American biodegradable bone graft polymers market.
Vital operating players in global
biodegradable bone graft polymers market are Corbion N.V., Evonik, PolySciences
Inc, KLS Martin, Foster Corporation among others.
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About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
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