Product Description
The global bioabsorbable trauma fixation market was valued at $47.2 million in 2024. This is expected to decrease over the forecast period at a CAGR of -1.0% to reach $43.8 million.
The development of next-generation bioabsorbable materials with enhanced biocompatibility, mechanical strength and controlled degradation rates is opening new avenues for their use in various orthopedic settings. These new materials are expected to increase the market value in the coming years.
This report includes data for 65+ countries across 7 different regions. These regions are North America, Latin America, Western Europe, Central & Eastern Europe, Middle East, Asia-Pacific, and Africa.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Market Drivers & Limiters
- Market Forecasts Until 2031, and Historical Data to 2024
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
GLOBAL BIOABSORBABLE FIXATION DEVICE MARKET TRENDS
A factor limiting the bioabsorbable fixation market is the premium cost of bioabsorbable fixation devices compared with traditional metal implants. The cost of developing and manufacturing bioabsorbable implants is higher due to the advanced materials and technologies involved. This is expected to limit the rate of global adoption of these devices.
GLOBAL BIOABSORBABLE FIXATION DEVICE MARKET SHARE INSIGHTS
- Arthrex is the leading company in the bioabsorbable fixation market. Arthrex’s products are focused on small-joint repair, for which bioabsorbable fixation products are ideal. Arthrex offers the TRIM-IT™ line of pins/screws, BioComposite™ screws and Bio-Compression pins and screws.
- Zimmer Biomet is the second-leading company in the bioabsorbable fixation market. One of Zimmer Biomet’s main products is the LactoSorb® Resorbable Fixation System. It is expected that sales of this product will give them more market share in the future.
- CONMED is the third-leading company in the bioabsorbable fixation market. The company offers the SmartNail® and SmartPin® for fracture treatment. CONMED has been a key player in this market, although the business focus has since shifted from the bioabsorbable portfolio.
MARKET SEGMENTATION SUMMARY
- Bioabsorbable Fixation Market
RESEARCH SCOPE SUMMARY
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2024 |
| Forecast Period | 2025-2031 |
| Historical Data | 2021-2023 |
| Quantitative Data | Market Size, Market Share, Market Growth Rates, Units Sold, Average Selling Prices |
| Qualitative Data | Market Growth Trends, Market Limiters, Competitive Analysis, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
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