Key Drivers:
- Rising Geriatric Population: The growing elderly population, susceptible to various medical conditions, is driving the demand for bioresorbable implants and drug delivery systems.
- Technological Advancements: Continuous research and development efforts are leading to the development of novel bioresorbable polymers with enhanced properties and wider applications.
- Minimally Invasive Procedures: The increasing preference for minimally invasive surgical procedures is fueling the demand for bioresorbable devices, reducing the need for secondary surgeries.
Opportunities:
- Targeted Drug Delivery: Bioresorbable polymers are ideal for targeted drug delivery systems, ensuring controlled release of medication at the desired site.
- Tissue Engineering: These polymers are finding increasing applications in tissue engineering and regenerative medicine, promoting tissue growth and repair.
- Orthopedic Implants: Bioresorbable implants are gaining popularity in orthopedic surgeries, eliminating the need for implant removal.
Challenges:
- High Production Costs: The production of high-quality bioresorbable polymers can be expensive, posing a challenge for some manufacturers.
- Material Properties: Achieving desired mechanical and degradation properties in bioresorbable polymers can be complex.
- Regulatory Approvals: Obtaining regulatory approvals for new bioresorbable medical devices requires rigorous testing and clinical trials.
Source BY: The Insight partners