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Biodegradable bone graft polymers market 2019 By Industry Trends, Statistics, Key Companies Growth and Regional Forecast To 2024

Author : Rahul Varpe | Published Date : 2019-06-25 

Biodegradable bone graft polymers market will exceed USD 690 million by 2024; according to a new research report. 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.

Growing old age population across the globe is increasing the medical expenditure of developed and developing countries. Biodegradable polymers are easy to mold and can go through several manufacturing processes. In addition, it offers better surgical option where removal surgery is not required. These factors will potentially grow the market over the forecast period.

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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.

Growing old age population across the globe is increasing the medical expenditure of developed and developing countries. Biodegradable polymers are easy to mold and can go through several manufacturing processes. In addition, it offers better surgical option where removal surgery is not required. These factors will potentially grow the market over the forecast period.

The market is restrained by rising R&D cost for developing advance technology and improved materials. Comparatively higher cost of biodegradable polymers along with practice of conventional surgeries in emerging economies will negatively influenced biodegradable bone graft polymers market during the forecast years.

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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.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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