Global Bioabsorbable Osteosynthesis Devices Market: Soaring Demand Assures Motivated Revenue Share during 2018-2026

Posted on 2018-11-10 by Mark Hub in Healthcare // 0 Comments

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Osteosynthesis is a surgical practice that joins the ends of a fractured bone by mechanical devices such as plates, rods, wires, pins and screws. Traditional practices included all sort of material choices, but metal implants, stainless-steel and titanium material choice are the most used metal implants that are available due to their positive characteristics. Biocompatibility is a major factor that is required to build an implant. Technological advancements have helped in providing a more resourceful choice of material for developing implants. One such material is the bioabsorbable material through which devices are manufactured in response to its high biocompatibility and body-absorbable quality. The need for the totally body absorbable internal bone fixation devices has been there since the arrival of complications related to the use of metal implants such as infections, weakness or fatigue, diarrhea and headaches with many other major problems. Therefore, the introduction of bioabsorbable osteosynthesis devices, which would eliminate the procedure of removing these devices from the body (if required) after the bone is healed, will help in creating an impact and these devices are not that stiff as the currently used metallic implants and therefore would limit the chances of further complications. A process is required to develop and synthesize high molecular weight, low monomer content polylactide. A high-quality polymer used involves chemical and mechanical tests with simulated in vitro tests. Biocompatibility of the polymer used is also practiced in rabbit and canine models for further development.

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The global Bioabsorbable Osteosynthesis Devices Market is apprehended to see impressive growth in the near future due to new product launches, an encouraging sign can be observed in the market with changing consumer trends. The expansion in products manufactured with bioabsorbable material is driven by year on year rises in the susceptible complications observed in the use of metal implants. Top players are marking their presence in many developing economies due to the liberal policies regulated within the healthcare industry in such countries, increasing consumer inclination towards maintaining an aesthetic and approachable appearance. Priority is given to eliminate the adverse effects such as migraine, growth disturbance, radio-opacity and more and provide a safe environment for the body. Bioabsorbable polymers are manufactured with a lot of judgment calls in order to provide a safe material to be in use. As the applications of bioabsorbable osteosynthesis devices in orthopaedic surgery have mainly been used to eliminate implant removal procedures. Choices of materials are there with companies investing on such research and but with majority of devices being manufactured using non-bioabsorbable material due to the traditional methods or major dependency on such principles which could hamper the growth of the market in the near future.

The global market for bioabsorbable osteosynthesis devices is segmented on the basis of product type, material type and end users.

By Product Type

Plate
Pin
Screw
Rod
Wire

By Material

PLLA
PLA
PGA
Others

By End Users

Hospital
ASCs
Clinic

Though all the products have their importance in certain procedures but screws remain a dominating market due to its effectiveness and usage over other product types. PLLA is a preferred choice by manufacturers with less effects and more research is associated with it. Hospitals remain to be the most lucrative market due to its active osteosynthesis procedures.

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Economic growth is supporting the health care infrastructure in developing countries allowing more number of players to contribute with ease and efficiency. Examples of some of the key players in the global bioabsorbable osteosynthesis devices market are Arthrex, CONMED Corporation, Acumed, Ziacom Medical, ETGAR medical implant system, Jeil Medical Corporation, Medical Instinct Deutschland GmbH and more. Acquisition, mergers, strategic collaborations, and technology play vital roles in the growth of the bioabsorbable osteosynthesis devices market.

The report covers exhaustive analysis on:

Bioabsorbable Osteosynthesis Devices Market Segments
Bioabsorbable Osteosynthesis Devices Market Dynamics
Historical Actual Market Size, 2013- 2016
Bioabsorbable Osteosynthesis Devices Market Size & Forecast 2017 to 2025
Bioabsorbable Osteosynthesis Devices Market Current Trends/Issues/Challenges
Competition & Companies Involved
Bioabsorbable Osteosynthesis Devices Market Drivers And Restraints

Regional analysis includes

North America
Latin America
Europe
Asia Pacific Excluding China
China
Middle East & Africa

Report Highlights:

Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance

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