BIODEGRADABLE SCAFFOLD MARKET ANALYSIS

Regional Analysis

Global Biodegradable Scaffold Market: Regional Insights

North America is expected to hold largest market share in the global biodegradable scaffold market followed by Europe. Rising product launches and approvals will aid North America region and Europe region to maintain their position in the global biodegradable scaffold market. For instance, in May 2019, In2Bones Global, a U.S. based medical device company specializing in orthopaedics launched their sterile Tribio Backfill Plugs System. Tribio Backfill Plugs System is derived from bioactive materials such as collagen matrix mineralized with hydroxyapatite (HA), tri-calcium phosphate (TCP), and bioactive glass that help in forming a sponge-like biodegradable scaffold to aid in new bone formation during the whole process of healing.

Asia Pacific is expected to witness promising growth in the global biodegradable scaffold market over the forecast period, owing to rising investments in the field of biomedicine by government of Asia Pacific countries such as Japan, Korea, and others. For instance, according to an article published by the Korean Biomedical Review in August 2021, the Ministry of Health and Welfare, Korea had announced an investment of US$67.3 million (79 billion won) in 2021, to support the expenses for regenerative medicine clinical trials, development of advanced medical technologies, and support for research-oriented medical institutions.

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa