The growing number of road and work-related accidents is one of the key factors contributing to the increased demand for orthopedic surgeries in this region. Road and work-related accidents may cause multiple fractures, joint dislocation, ligament damage, and broken bones at several body parts, requiring orthopedic implants to heal and cure the injuries. Bioresorbable polymer-based implants are being widely used for fracture fixation in orthopedic surgeries. Orthopedic implants such as interference screws, plates, pins, suture anchors, and meniscal repair implants as well as simple fracture fixation implants are the most commonly used resorbable implants for anterior cruciate ligament reconstruction, shoulder surgery, meniscal repair, and fracture care. Once the desired function is served, these implants dissolve in the body by themselves during the healing and nurturing process.
The ongoing COVID-19 pandemic is anticipated to cause considerable disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding future outbreaks, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific countries have taken possible steps to restrict the spread of SARS-CoV-2. The country-wide lockdown enacted by them directly impacted the growth of various industries due to the subsequent shutdown of manufacturing units and disruptions in the supply chains. In India, there has been a reduction in road accidents during the COVID pandemic. According to the Minister for Road Transport and Highways, there was a 26.48% decrease in road accidents. As a result, there was a low need for tissue engineering operations, which hampered the demand for medical implants, thus hindering the bioresorbable polymer market growth in the country.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific bioresorbable polymers market at a good CAGR during the forecast period.
Asia Pacific Bioresorbable Polymers Market Segmentation
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 782.77 Million |
| Market Size by 2028 | US$ 1,697.06 Million |
| CAGR (2021 - 2028) | 11.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Bioresorbable Polymers Market is valued at US$ 782.77 Million in 2021, it is projected to reach US$ 1,697.06 Million by 2028.
As per our report Asia Pacific Bioresorbable Polymers Market, the market size is valued at US$ 782.77 Million in 2021, projecting it to reach US$ 1,697.06 Million by 2028. This translates to a CAGR of approximately 11.7% during the forecast period.
The Asia Pacific Bioresorbable Polymers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Bioresorbable Polymers Market report:
The Asia Pacific Bioresorbable Polymers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Bioresorbable Polymers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Bioresorbable Polymers Market value chain can benefit from the information contained in a comprehensive market report.
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