By Daniel Webster, dWeb.News Publisher
New York, Sept. 15, 2021 (GLOBE NEWSWIRE) — Bioresorbable (Resorbable) Polymers Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Bioresorbable Polymers Market Research Report: Information by Type (Agro-Polymers [Proteins and Polysaccharides] and Bio-polyesters [Polyglycolic Acid, Polylactic Acid, Polycaprolactone, Polydioxanone, and others]), Application (Orthopedics, Drug Delivery, and Others) and Region (Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa) – Forecast till 2028″ the market is projected to be worth USD 3. 15 billion by 2028, registering a CAGR of 14.1% during the forecast period (2021 – 2028), The market was valued at USD 1. 43 billion in 2021.
Market Competitive Analysis:
List of the prominent leaders in the bioresorbable polymers market profiled are:
- Putnam Plastics (US)
- Groupe PCAS (France)
- KLS Martin (US)
- Koninklijke DSM N.V (The Netherlands)
- DURECT CORPORATION (US)
- Merck KGaA (Germany)
- Poly-Med Inc. (US)
- Foster Corporation. (US)
- REVA Medical, Inc.(US).
- Evonik Industries AG (Germany)
- Ashland (US)
- Corbion NV (The Netherlands)
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Bioresorbable polymers can easily dissolve in body fluids without causing any residual side effects, and the removal of these polymers is done with the help of processes like excretion, assimilation or dissolution via metabolic pathways. Because of their biocompatibility and high performance, bioresorbable polymers are often used in biomedical applications.
Bioresorbable polymers eliminate post-healing surgery for device removal and reduce the risk to patients. This factor will likely drive the growth of the global biomedical market. Bioresorbable polymers are used extensively in orthopedic devices due to their material composition. Global demand is growing for bioresorbable plasticmers in capsules used in drug delivery applications.
Market USP Covered
The major aspect of the growth of bioresorbable polymers is the rise in patient comfort. Traditional materials that were left behind in the body after surgery required another minor surgery. This could pose a risk to patients. Because bioresorbable polymers are able to dissolve into the body over time, they can remove both of these risks.
The market for bioresorbable plasticmers is growing because of the rising demand for these polymers in drug delivery. Market growth is expected to be driven by the increasing adoption of drug delivery. The integration of 3D printing will be an important parameter driving the market growth in the future. 3D printing allows for more precise and efficient integration of bioresorbable plasticmers to meet the needs of different patients and their unique situations.
Browse In-depth Market Research Report (185 pages) on Bioresorbable Polymers Industry
However, because of the technological sophistication of bioresorbable polymers, the prices are a little more than traditional medical polymers. This is a significant factor that hinders the growth of the market in developing countries. It is possible that the market for bioresorbable plastics will be hampered by the lack of advanced healthcare infrastructures in emerging countries.
The emergence of COVID-19 is having a significant impact on economic growth globally. Many industries are affected by the pandemic, including oil and gas, aviation, construction, and automotive. The market for bioresorbable plastics is being affected by the decline in operations in these end-use industries.
The Global Bioresorbable Polymers Market has been classified into various segments based on type, end-use, and region. Based on product type, the market can be divided into polysaccharides (proteins), polycaprolactone, glycolic acid and polylactic acid. Polylactic acid (PLA) based bioresorbable polymers segment has recorded a maximum market share of 29% in 2015. Its safety features include its ability to be naturally converted to lactic acid by the body at low temperatures and being able to be removed by the body’s excretory system.
Depending on the application, the classification can be broken down into orthopedics and drug delivery. The orthopedics segment dominated the global market, with the highest market share due to the high demand for the knee and trauma sub-applications.
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The Global Bioresorbable Polymers Market is divided into regions like the Middle East & Africa, Latin America, North America, Asia-Pacific and Europe. The North American region holds the top position in the global market with maximum share in 2018. This is due to the increasing demand for bioresorbable polymers in North American biomedical industries.
Asia-Pacific recorded a significant market share in 2018 and is anticipated to grow at maximum CAGR throughout the forecast period. The market will be boosted by the rising demand for bioresorbable plasticmers in emerging healthcare sectors in these countries, as well as increased consumer awareness.
Europe is expected to see a notable growth in the coming years due to the increasing use of bioresorbable plasticmers in drug delivery and orthopedics. Due to rising consumer awareness and the growth of the healthcare industry, Latin America and the Middle East are expected to see significant growth over the forecast period.
Segmentation of Market covered in the research:
Bioresorbable Polymers Market Research Report: Information by Type (Agro-Polymers [Proteins and Polysaccharides] and Bio-polyesters [Polyglycolic Acid, Polylactic Acid, Polycaprolactone, Polydioxanone, and others]), Application (Orthopedics, Drug Delivery, and Others) and Region (Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa) – Forecast till 2028
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future’s goal is to provide clients with the best quality research and granular analysis. Market Research Future provides market research by products, services and technologies. We help clients see, do and know more about their market segments.
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