The global bioabsorbable fixation market was valued at $47.2 million in 2024 and is expected to decline at a CAGR of -1.0%, reaching approximately $43.8 million by 2031.
Despite the overall projected decline, the development of next-generation bioabsorbable materials-featuring improved biocompatibility, mechanical strength, and controlled degradation-is expected to open new applications and may positively influence long-term growth.
Market Data Included
- Unit Sales
- Average Selling Prices
- Market Size & Growth Trends
- Market Drivers & Limiters
- Market Forecasts to 2031
- Historical Data to 2024
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
Global Market Trends
A significant limiter in the market is the premium pricing of bioabsorbable devices compared to traditional metal implants. The high cost of materials and technology used in their development contributes to limited adoption, particularly in cost-sensitive regions.
Market Share Insights (2024)
- 1 Arthrex
- Market leader in 2024
- Focuses on small-joint repairs
- Key products: TRIM-IT(TM) pins/screws, BioComposite(TM) screws, Bio-Compression pins/screws
- Strong reputation for innovation in bioabsorbable technologies
- 2 Zimmer Biomet
- Second-largest market share
- Main product: LactoSorb(R) Resorbable Fixation System
- Expected to grow its market share as product adoption increases
- 3 CONMED
- Third-largest competitor
- Offers SmartNail(R) and SmartPin(R) for fracture treatment
- Though historically active in the space, has recently shifted strategic focus away from bioabsorbables
Research Scope Summary
- Regions Covered
- North America: U.S., Canada
- Latin America: Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela
- Western Europe: France, Germany, U.K., Italy, Spain, Scandinavia, etc.
- Central & Eastern Europe: Russia, Turkey, Poland, Ukraine, and others
- Middle East: Saudi Arabia, UAE, Israel, Qatar, etc.
- Asia-Pacific: China, India, Japan, South Korea, Australia, etc.
- Africa: South Africa, Egypt, Nigeria, Kenya, Morocco, etc.
- Base Year: 2024
- Forecast Period: 2025-2031
- Historical Data: 2021-2024
Quantitative Data
- Market Size & Forecasts
- Market Share
- Units Sold
- Average Selling Prices
- Growth Rates
Qualitative Data
- Growth Trends
- Market Limiters
- Competitive Analysis
- Company Profiles & Product Portfolios
- M&A Activity
- FDA Recalls
- Disruptive Technologies
Data Sources
- Primary Industry Interviews
- Government and Regulatory Databases
- Hospital Procurement Data
- Import/Export Records
- iData Research Internal Database