HOME Top Market Reports Bioresorbable (Resorbable) Polymers Market by Type (Agro-Polymers - Proteins and Polysaccharides, Biopolyesters – Polyglycolic Acid, Polylactic Acid, and Polycaprolactone), Application (Orthopedics, Drug Delivery), and Region - Global Trends & Forecasts to 2021

Bioresorbable (Resorbable) Polymers Market by Type (Agro-Polymers - Proteins and Polysaccharides, Biopolyesters – Polyglycolic Acid, Polylactic Acid, and Polycaprolactone), Application (Orthopedics, Drug Delivery), and Region - Global Trends & Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: May 2016
Report Code: CH 4342

 

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The global market size of bioresorbable polymers was USD 661.9 Million in 2015 and is projected to reach USD 1,407.5 Million by 2021, at a CAGR of 13.42% between 2016 and 2021. In this report, 2015 is considered as the base year and the forecast period is between 2016 and 2021. The objectives of this study are:

  • To analyze and forecast the market size of bioresorbable polymers, in terms of value and volume
  • To define, describe, and segment the global bioresorbable polymers market by type and application
  • To forecast the sizes of the market segments based on regions such as Asia-Pacific, Western Europe, Central Europe, North America, the Middle East & Africa, and Latin America
  • To provide detailed information regarding the important factors influencing the growth of the market (drivers, restraints, and opportunities)
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as expansions, alliances, joint ventures, mergers & acquisitions, and new product developments in the global bioresorbable polymers market
  • To strategically profile key players and comprehensively analyze their core competencies*

Note:* Core competencies of the companies are captured in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain their position in the market.

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the bioresorbable polymers market. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study.

Bioresorbable (Resorbable) Polymers Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of bioresorbable polymers starts with the procurement of raw materials required for its manufacturing. The main raw materials used for the production are proteins, polysaccharides, lactide, glycolide, and caprolactone. These different sources of raw materials are mainly used to obtain a polymer that serves different applications efficiently. These raw materials are supplied to the bioresorbable manufacturers such as Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.). Major value is added to the bioresorbable polymers during the manufacturing process. A great amount of effort and expertise, mainly in terms of balancing the ingredients, is required to manufacture a polymer suitable for different applications. The major applications where these manufacturers supply bioresorbable polymers include orthopedics, drug delivery, and others.

Target Audience:

  • Resorbable polymers manufacturers
  • Resorbable polymers dealers
  • Resorbable polymers suppliers
  • End users
  • Raw material suppliers and others.

Scope of the Report:

This report categorizes the global bioresorbable polymers market based on type, application, and region.

Market Segmentation, by Type:

The bioresorbable polymers market has been segmented based on type:

  • Agro-polymers
  • Proteins
  • Polysaccharides
  • Biopolyesters
  • Polylactic acid
  • Polyglycolic acid
  • Polycaprolactone

Market Segmentation, by Application:

The bioresorbable polymers market has been segmented based on application:

  • Orthopedics
  • Drug delivery
  • Others

Market Segmentation, by Region:

The regional analysis covers:

  • North America
  • Western Europe
  • Central Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix that gives a detailed comparison of product portfolio of each company

Regional Analysis

  • Further breakdown of a region with respect to a particular country

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
                    1.3.1.1 Scope of the Report, By Region
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Limitations
    1.4 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities for Bioresorbable Polymers Manufacturers
    4.2 Rapid Growth of the Bioresorbable Polymers Market
    4.3 Biopolyesters Dominate the Bioresorbable Polymers Market
    4.4 Orthopedics Application Dominates the Bioresorbable Polymers Market
    4.5 Bioresorbable Polymers Market Attractiveness
    4.6 Lifecycle Analysis

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Bioresorbable Polymers Market Segmentation, By Type
           5.2.2 Bioresorbable Polymers Market Segmentation, By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Cost Effective and Patient Friendly
                    5.3.1.2 Growing Demand in Drug Delivery Application
           5.3.2 Restraints
                    5.3.2.1 Higher Cost of Bioresorbable Polymers Than That of Conventional Polymers
                    5.3.2.2 Lack of Quality Control Measures in Developing Countries
           5.3.3 Opportunities
                    5.3.3.1 Electrospinning and 3d Printing Technologies
    5.4 Value Chain Analysis
            5.4.1 List of Customers
    5.5 Porter’s Five Forces Analysis
           5.5.1 Threat of New Entrants
           5.5.2 Bargaining Power of Suppliers
           5.5.3 Threat of Substitutes
           5.5.4 Bargaining Power of Buyers
           5.5.5 Intensity of Competitive Rivalry
    5.6 Economic Indicators
           5.6.1 Industry Outlook
                    5.6.1.1 Healthcare
    5.7 Market Share Analysis
    5.8 Patent Analysis

6 Bioresorbable Polymers Market, By Type (Page No. - 50)
    6.1 Introduction
    6.2 Agro-Polymers
           6.2.1 Polysaccharides
           6.2.2 Proteins
    6.3 Biopolyesters
           6.3.1 Polylactic Acid
           6.3.2 Polyglycolic Acid
           6.3.3 Polycaprolactone
           6.3.4 Others
                    6.3.4.1 Polyhydroxy-alkanoates
                    6.3.4.2 Homopolyesters


7 Bioresorbable Polymers Market, By Application (Page No. - 58)
    7.1 Introduction
    7.2 Orthopedics
           7.2.1 Growing Stents Market
           7.2.2 Hip
           7.2.3 Trauma
           7.2.4 Knee
           7.2.5 Spine
           7.2.5 Sports Injury
           7.2.5 Others
    7.3 Drug Delivery
           7.2.1 Oral
           7.2.2 Parenteral
           7.2.3 Others
    7.4 Others

8 Regional Analysis (Page No. - 68)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Asia-Pacific
           8.3.1 China
           8.3.2 India
           8.3.3 Japan
           8.3.4 South Korea
           8.3.5 Others
    8.4 Western Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 U.K.
           8.4.4 Italy
           8.4.5 Spain
           8.4.6 Others
    8.5 Central Europe
           8.5.1 Russia
           8.5.2 Poland
           8.5.3 Others
    8.6 Middle East & Africa
           8.6.1 Middle East
           8.6.2 Africa
    8.7 Latin America
           8.7.1 Brazil
           8.7.2 Argentina

9 Competitive Landscape (Page No. - 124)
    9.1 Overview
    9.2 Expansion: the Most Popular Growth Strategy
    9.3 Competitive Situations and Trends
           9.3.1 Expansion
           9.3.2 Merger & Acquisition
           9.3.3 Joint Venture

10 Company Profiles (Page No. - 127)
     10.1 Corbion
             10.1.1 Business Overview
             10.1.2 Products Offered
             10.1.3 Recent Developments
             10.1.4 SWOT Analysis
             10.1.5 MnM View
     10.2 Evonik Industries AG
             10.2.1 Business Overview
             10.2.2 Products Offered
             10.2.3 Recent Developments
             10.2.4 SWOT Analysis
             10.2.5 MnM View
     10.3 Foster Corporation
             10.3.1 Business Overview
             10.3.2 Products Offered
             10.3.3 Recent Developments
             10.3.4 SWOT Analysis
             10.3.5 MnM View
     10.4 KLS Martin Group
             10.4.1 Business Overview
             10.4.2 Products Offered
             10.4.3 SWOT Analysis
             10.4.4 MnM View
     10.5 Poly-Med, Inc.
             10.5.1 Business Overview
             10.5.2 Products Offered
             10.5.3 SWOT Analysis
             10.5.4 MnM View

11 Appendix (Page No. - 139)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports


List of Tables (89 Tables)

Table 1 Bioresorbable Polymers Market Segmentation, By Type
Table 2 Bioresorbable Polymers Market, By Application
Table 3 List of Customers
Table 4 Total Health Expenditure (% of GDP), By Country, 2010–2014
Table 5 Bioresorbable Polymers Market Size, By Type, 2014–2021 (USD Million)
Table 6 Bioresorbable Agro-Polymers Market Size, By Sub-Type, 2014–2021 (USD Million)
Table 7 Bioresorbable Agro-Polymers Market Size, By Region, 2014–2021 (USD Million)
Table 8 Bioresorbable Biopolyesters Market Size, By Sub-Type, 2014–2021 (USD Million)
Table 9 Bioresorbable Biopolyesters Market Size, By Region, 2014–2021 (USD Million)
Table 10 Bioresorbable Polymers Market Size, By Application, 2014–2021 (USD Million)
Table 11 Market Size in Orthopedics Application, By Sub-Application, 2014–2021 (USD Million)
Table 12 Market Size in Orthopedics Application, By Region, 2014–2021 (Ton)
Table 13 Market Size in Orthopedics Application, By Region, 2014–2021 (USD Million)
Table 14 Market Size in Drug Delivery By Sub-Application, 2014–2021 (USD Million)
Table 15 Market in Drug Delivery Application, By Region, 2014–2021 (Ton)
Table 16 Market Size in Drug Delivery Application, By Region, 2014–2021 (USD Million)
Table 17 Market Size in Others Application, By Region, 2014–2021 (Ton)
Table 18 Market Size in Others Application, By Region, 2014–2021 (USD Million)
Table 19 Market Size, By Region, 2014–2021 (Ton)
Table 20 Market Size, By Region, 2014–2021 (USD Million)
Table 21 North America: Bioresorbable Polymers Market Size, By Application, 2014–2021 (Ton)
Table 22 North America: Market Size, By Application, 2014–2021 (USD Million)
Table 23 North America: Market Size, By Country, 2014–2021 (Ton)
Table 24 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 25 U.S.: Market Size, By Application, 2014–2021 (Ton)
Table 26 U.S.: Market Size, By Application, 2014–2021 (USD Million)
Table 27 Canada: Market Size, By Application, 2014–2021 (Ton)
Table 28 Canada: Market Size, By Application, 2014–2021 (USD Million)
Table 29 Mexico: Market Size, By Application, 2014–2021 (Ton)
Table 30 Mexico: Market Size, By Application, 2014–2021 (USD Million)
Table 31 Asia-Pacific: Bioresorbable Polymers Market Size, By Application, 2014–2021 (Ton)
Table 32 Asia-Pacific: Market Size, By Application, 2014–2021 (USD Million)
Table 33 Asia-Pacific: Market Size, By Country, 2014–2021 (Ton)
Table 34 Asia-Pacific: Market Size, By Country, 2014–2021 (USD Million)
Table 35 China: Market Size, By Application, 2014–2021 (Ton)
Table 36 China: Market Size, By Application, 2014–2021 (USD Million)
Table 37 India: Market Size, By Application, 2014–2021 (Ton)
Table 38 India: Market Size, By Application, 2014–2021 (USD Million)
Table 39 Japan: Market Size, By Application, 2014–2021 (Ton)
Table 40 Japan: Market Size, By Application, 2014–2021 (USD Million)
Table 41 South Korea: Market Size, By Application, 2014–2021 (Ton)
Table 42 South Korea: Market Size, By Application, 2014–2021 (USD Million)
Table 43 Others: Market Size, By Application, 2014–2021 (Ton)
Table 44 Others: Market Size, By Application, 2014–2021 (USD Million)
Table 45 Western Europe: Bioresorbable Polymers Market Size, By Application, 2014–2021 (Ton)
Table 46 Western Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 47 Western Europe: Market Size, By Country, 2014–2021 (Ton)
Table 48 Western Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 49 Germany: Market Size, By Application, 2014–2021 (Ton)
Table 50 Germany: Market Size, By Application, 2014–2021 (USD Million)
Table 51 France: Market Size, By Application, 2014–2021 (Ton)
Table 52 France: Market Size, By Application, 2014–2021 (USD Million)
Table 53 U.K.: Market Size, By Application, 2014–2021 (Ton)
Table 54 U.K.: Market Size, By Application, 2014–2021 (USD Million)
Table 55 Italy: Market Size, By Application, 2014–2021 (Ton)
Table 56 Italy: Market Size, By Application, 2014–2021 (USD Million)
Table 57 Spain: Market Size, By Application, 2014–2021 (Ton)
Table 58 Spain: Market Size, By Application, 2014–2021 (USD Million)
Table 59 Others: Market Size, By Application, 2014–2021 (Ton)
Table 60 Others: Market Size, By Application, 2014–2021 (USD Million)
Table 61 Central Europe: Bioresorbable Polymers Market Size, By Application, 2014–2021 (Ton)
Table 62 Central Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 63 Central Europe: Market Size, By Country, 2014–2021 (Ton)
Table 64 Central Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 65 Russia: Market Size, By Application, 2014–2021 (Ton)
Table 66 Russia: Bioresorbable Polymers Market Size, By Application, 2014–2021 (USD Million)
Table 67 Poland: Market Size, By Application, 2014–2021 (Ton)
Table 68 Poland: Market Size, By Application, 2014–2021 (USD Million)
Table 69 Others: Market Size, By Application, 2014–2021 (Ton)
Table 70 Others: Market Size, By Application, 2014–2021 (USD Million)
Table 71 Middle East & Africa: Bioresorbable Polymers Market Size, By Application, 2014–2021 (Ton)
Table 72 Middle East & Africa: Market Size, By Application, 2014–2021 (USD Million)
Table 73 Middle East & Africa: Market Size, By Region, 2014–2021 (Ton)
Table 74 Middle East & Africa: Market Size, By Region, 2014–2021 (USD Million)
Table 75 The Middle East: Market Size, By Application, 2014–2021 (Ton)
Table 76 Middle East: Market Size, By Application, 2014–2021 (USD Million)
Table 77 Africa: Bioresorbable Polymers Market Size, By Application, 2014–2021 (Ton)
Table 78 Africa: Market Size, By Application, 2014–2021 (USD Million)
Table 79 Latin America: Market Size, By Application, 2014–2021 (Ton)
Table 80 Latin America: Bioresorbable Polymers Market Size, By Application, 2014–2021 (USD Million)
Table 81 Latin America: Market Size, By Country, 2014–2021 (Ton)
Table 82 Latin America: Market Size, By Country, 2014–2021 (USD Million)
Table 83 Brazil: Market Size, By Application, 2014–2021 (Ton)
Table 84 Brazil: Market Size, By Application, 2014–2021 (USD Million)
Table 85 Argentina: Market Size, By Application, 2014–2021 (Ton)
Table 86 Argentina: Market Size, By Application, 2014–2021 (USD Million)
Table 87 Expansion, 2011–2016
Table 88 Merger & Acquisition, 2011–2016
Table 89 Joint Venture, 2011–2016


List of Figures (75 Figures)

Figure 1 Bioresorbable Polymers Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Biopolyesters Dominates the Bioresorbable Polymers Market Between 2016 and 2021
Figure 6 Orthopedics to Be the Largest Application During the Forecast Period
Figure 7 North America is Estimated to Be the Largest Market Between 2016 and 2021
Figure 8 Attractive Opportunities in the Bioresorbable Polymers Market
Figure 9 Asia-Pacific Expected to Witness Rapid Growth Between 2016 and 2021
Figure 10 Bioresorbable Polymers Market Share, By Type, 2016 (USD Million)
Figure 11 Drug Delivery is the Fastest-Growing Application of Bioresorbable Polymers
Figure 12 Asia-Pacific to Increase the Demand for Bioresorbable Polymers Between 2016 and 2021
Figure 13 North America is the Largest Market
Figure 14 Cost-Effectiveness and Patient-Friendliness Drives the Market
Figure 15 Global Pharmaceutical Market, 2013 vs 2018
Figure 16 Porter’s Five Forces Analysis
Figure 17 Global Patent List of Bioresorbable Polymers, By Application
Figure 18 Bioresorbable Polymers Market Segmentation, By Type
Figure 19 Biopolyesters to Dominate the Bioresorbable Polymers Market Between 2016 and 2021
Figure 20 Polysaccharides Dominates Agro-Polymers Market
Figure 21 North America is the Largest Market for Bioresorbable Agro-Polymers
Figure 22 Polylactic Acid Dominates the Bioresorbable Polyesters Market
Figure 23 Asia-Pacific is the Fastest-Growing Market for Bioresorbable Biopolyesters
Figure 24 Bioresorbable Polymers, By Applications
Figure 25 Orthopedics is the Largest Application Segment for Bioresorbable Polymers
Figure 26 High Demand for Bioresorbable Polymers in Knee Application Driving the Market
Figure 27 North America Dominates Bioresorbable Polymers Market in Orthopedics Application
Figure 28 Oral Sub-Application Dominates Bioresorbable Polymers Market in Drug Delivery Application Segment
Figure 29 North America Dominates Bioresorbable Polymers Market in Orthopedics Application
Figure 30 North America is the Largest Consumer of Bioresorbable Polymers in Others Application Segment
Figure 31 North America: the Largest Market
Figure 32 Asia-Pacific is the Fastest-Growing Bioresorbable Polymers Market
Figure 33 Regional Snapshot of Bioresorbable Polymers Market: North America Driving the Market
Figure 34 North America: Market Snapshot
Figure 35 Orthopedics is the Largest Application of Bioresorbable Polymers in North America
Figure 36 U.S. is the Largest Consumer of Bioresorbable Polymers in North America
Figure 37 Mexico is the Fastest-Growing Market in North America
Figure 38 Drug Delivery Application Will Witness High Growth in Bioresorbable Polymers Market in U.S.
Figure 39 Orthopedics Application Dominates the Bioresorbable Polymers Market in Canada
Figure 40 Orthopedics is the Major Application of Bioresorbable Polymers in Mexico
Figure 41 Asia-Pacific: Market Snapshot
Figure 42 Drug Delivery to Witness High Growth in Bioresorbable Polymers Market in Asia-Pacific
Figure 43 China Leads the Market in Asia-Pacific
Figure 44 China is the Largest Market in Asia-Pacific
Figure 45 Bioresorbable Polymers Market in China to Witness the Highest Growth in Drug Delivery Application
Figure 46 Orthopedics is the Largest Application of Bioresorbable Polymers in India
Figure 47 Orthopedics Application Dominates the Bioresorbable Polymers Market in Japan
Figure 48 Orthopedics is the Largest Application of Bioresorbable Polymers in South Korea
Figure 49 Orthopedics Leads the Market in Other Asia-Pacific Countries
Figure 50 Orthopedics is the Largest Application of Bioresorbable Polymers in Western Europe
Figure 51 Germany Dominates Bioresorbable Polymers Market in Western Europe
Figure 52 Germany is One of the Major Markets for Bioresorbable Polymers in Western Europe
Figure 53 Drug Delivery is the Fastest-Growing Application of Bioresorbable Polymers in Germany
Figure 54 Orthopedics Application Dominates the Bioresorbable Polymers Market in France
Figure 55 Orthopedics is the Largest Application of Bioresorbable Polymers in U.K.
Figure 56 Orthopedics is the Largest Application of Bioresorbable Polymers in Italy
Figure 57 Orthopedics is the Largest Application of Bioresorbable Polymers in Spain
Figure 58 Orthopedics Application Dominates the Market in Central Europe
Figure 59 Russia Dominates the Market in Central Europe
Figure 60 Poland is the Fastest-Growing Market for Bioresorbable Polymers in Central Europe
Figure 61 Orthopedics Application Dominates the Bioresorbable Polymers Market in Russia
Figure 62 Orthopedics Application Dominates the Bioresorbable Polymers Market in Poland
Figure 63 Orthopedics is the Largest Application of Bioresorbable Polymers in Middle East & Africa
Figure 64 Middle East Dominates the Bioresorbable Polymers Market
Figure 65 Middle East is the Largest and Fastest-Growing Bioresorbable Polymers Market in Middle East & Africa
Figure 66 Orthopedics is the Major Application of Bioresorbable Polymers in Middle East
Figure 67 Drug Delivery is the Fastest-Growing Application of Bioresorbable Polymers in Africa
Figure 68 Orthopedics Application Dominates the Bioresorbable Polymers Market in Latin America
Figure 69 Brazil Dominates the Bioresorbable Polymers Market in Latin America
Figure 70 Brazil is the Largest and Fastest-Growing Bioresorbable Polymers Market in Latin America
Figure 71 Orthopedics is the Major Application of Bioresorbable Polymers in Brazil
Figure 72 Orthopedics is the Largest Application of Bioresorbable Polymers in Argentina
Figure 73 Companies Primarily Adopted Organic Growth Strategies
Figure 74 Corbion: Company Snapshot
Figure 75 Evonik Industries AG: Company Snapshot

The global market size of bioresorbable polymers was USD 661.9 Million in 2015 and is projected to reach USD 1,407.5 Million by 2021, at a CAGR of 13.42% between 2016 and 2021. The cost-effectiveness, patient-friendliness, and the growing demand in the drug delivery application are expected to drive the demand of bioresorbable polymers, globally.

The orthopedics application dominated the bioresorbable polymers market during the forecast period, closely followed by drug delivery in 2015. Drug delivery application is also expected to witness the highest growth rate between 2016 and 2021 due to growing number of implant surgeries in North America, Europe, and Asia-Pacific. The growing healthcare industry in the U.S., the Middle East, and Asia-Pacific countries such as China, Japan, and India is also driving the market.

The market is classified based on type: agro-polymers and biopolyesters. The market is dominated by biopolyesters due to their enhanced quality and high resistance to poor environmental conditions. The biopolyesters segment is also projected to be the fastest-growing type of bioresorbable polymers during the forecast period.

Currently, North America is the largest bioresorbable polymers market, in terms of value, closely followed by Western Europe. Some of the factors driving the growth of the North American market are high growth of end-use industries, amplified local manufacturing, and increased number of domestic players in various vertical market segments.

Asia-Pacific is expected to be the fastest-growing market due to high demand from orthopedics and drug delivery applications. The presence of major developing nations such as China, India, and South Korea is also a major driver of the bioresorbable polymers market in the region.

Bioresorbable (Resorbable) Polymers Market

The major restraints of the market are high price of bioresorbable polymers and lack of quality control measures in developing countries. Expansion is the most preferred strategy adopted by the key market players to sustain in this highly competitive market. The major opportunity for bioresorbable polymers manufacturers are the upcoming technologies such as electrospinning and 3D printing. Some of the important manufacturers are Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.). Companies in this market compete with each other with respect to prices and product offerings to meet the market requirements.

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