Advanced Biodegradable Materials Transforming Medical Magnesium Alloy Market
The medical biodegradable magnesium alloy market is poised for substantial growth over the next decade, reflecting an industry-wide shift toward patient-centered, bioabsorbable medical solutions. Forecasts indicate that the market will expand from USD 327.0 million in 2025 to USD 548.1 million by 2035, marking a 67.6% increase and reflecting a compound annual growth rate (CAGR) of 5.3%. This expansion underscores the rising preference for temporary medical devices that eliminate the need for secondary surgeries, coupled with an increasing focus on patient safety, enhanced recovery protocols, and clinical efficacy across orthopedic, cardiovascular, and craniofacial applications. Between 2025 and 2030, the market is expected to reach USD 423.4 million, capturing nearly 44% of the overall forecast growth for the decade. This initial growth phase is being propelled by a surge in clinical adoption of bioabsorbable implants, accelerated regulatory approvals, and increased surgeon pre...