South Korea Bioabsorbable Miniscrew Market was valued at USD 0.05 Billion in 2022 and is projected to reach USD 0.14 Billion by 2030, growing at a CAGR of 13.4% from 2024 to 2030.
The South Korea Bioabsorbable Miniscrew Market is witnessing significant growth, primarily driven by advancements in medical technology and the increasing demand for minimally invasive surgical options. These bioabsorbable miniscrews are gaining traction across various industries, particularly in orthopedics, dental implants, and craniofacial surgeries, where patient safety and comfort are prioritized. The unique properties of bioabsorbable materials, such as their ability to gradually dissolve in the body after serving their purpose, make them an attractive alternative to traditional metal screws. As industries continue to seek less invasive and more cost-effective solutions, the demand for bioabsorbable miniscrews is expected to rise significantly in South Korea's healthcare sector.
Orthopedic surgeons, for instance, are increasingly opting for bioabsorbable miniscrews in the treatment of bone fractures and joint repairs. These devices eliminate the need for removal surgery, reducing the risk of infections and the overall recovery time for patients. In dental applications, bioabsorbable miniscrews are used for anchoring dental implants, improving the comfort and recovery of patients post-surgery. The growing trend toward bioabsorbable materials is not just a reflection of technological advancement, but also a response to the healthcare industry's increasing emphasis on sustainability and patient-centric care.
Industries involved in the production and use of these devices face several requirements to meet the growing demand. Manufacturers need to ensure the quality and biocompatibility of bioabsorbable materials, meeting international standards for medical devices. Additionally, the market demands continuous innovation in terms of screw designs, material formulations, and manufacturing techniques to enhance the efficacy of these products. Companies are focusing on developing new bioabsorbable polymers that are more durable and effective in diverse surgical scenarios.
As the South Korean market expands, the demand for bioabsorbable miniscrews is being driven by key factors such as technological innovation, regulatory support for medical devices, and a rapidly aging population that requires more surgical interventions. Additionally, the cost-effectiveness and patient safety associated with bioabsorbable materials are encouraging widespread adoption across various medical fields. These trends indicate that the future of South Korea's Bioabsorbable Miniscrew Market looks promising, with ongoing research and development shaping its growth trajectory.
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Acumed
Arthrex
Zimmer Biomet
Tornier
Smith & Nephew
Bioretec
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Bioabsorbable Miniscrew Market
Polylactic Acid (PLA)
Polyglycolic Acid (PGA)
Polycaprolactone (PCL)
Composite Materials
Other Bioabsorbable Polymers
Orthodontics
Dental Surgery
Maxillofacial Surgery
Implantology
Periodontology
Hospitals
Dental Clinics
Orthodontic Practices
Research Institutions
Ambulatory Surgical Centers (ASCs)
Direct Sales
Online Retail
Distributors
Specialty Medical Supply Stores
Standard Miniscrews
Customized Miniscrews
Reinforced Miniscrews
Mini-implants
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Bioabsorbable Miniscrew Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Bioabsorbable Miniscrew Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Bioabsorbable Miniscrew Market, By Type
6. South Korea Bioabsorbable Miniscrew Market, By Application
7. South Korea Bioabsorbable Miniscrew Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Bioabsorbable Miniscrew Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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