Bioresorbable Polymers Market

Bioresorbable Polymers Market by Type(Polylactic Acid (PLA), Polyglycolic Acid (PGA), Poly(lactic-co-glycolic Acid) (PLGA), Polycaprolactone(PCL)), Application (Orthopedic Devices, Drug Delivery), and Region - Global Forecast to 2026

Report Code: CH 4342 Nov, 2021, by marketsandmarkets.com

[223 Pages Report] The bioresorbable polymers market size is estimated to be USD 1.0 billion in 2021 and is projected to reach USD 1.6 billion by 2026, at a CAGR of 10.0% between 2021 and 2026. Factors such as to increasing number of surgical interventions, growing demand for biocompatible medical devices, growing demand in the drug delivery application and favorable reimbursement scenario are the major drivers in this bioresorbable market. Cost of bioresorbable polymers as compared to conventional polymers, preference of minimal invasive surgeries and lack of quality control in developing countries are the major restraints for the bioresorbable polymers.  A major opportunity in the resorbable polymers market is increasing the production of environmentally friendly products to meet the regulatory standards set by various environment protection agencies.  Stringent regulatory framework for medical devices and skilled personnel for the effective use of bioresorbable medical products remains the major challenges of this market. North America is the key market for bioresorbable polymers, globally, in terms of value. APAC is the fastest-growing region in the bioresorbable polymers market.

Bioresorbable Polymers Market

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Impact of COVID-19 on Bioresorbable polymers Market

The global pandemic has affected almost every sector in the world. The bioresorbable polymers market has shown negative growth as it was affected due to disruptions in the global supply chain and delay in the scheduled surgeries. This situation arise due to fall in demand from the medical sector. North America is the largest region in terms of value for the bioresorbable polymers market.

In APAC, a  reduction in medical implants was seen from South Asia constituting countries, such as India, Bangladesh, Sri Lanka, and Central Asian countries. This lowered the demand for bioresorbable polymers in the region. China holds a major market share in the bioresorbable polymers market in the APAC region but was severely affected by the pandemic initially. Millions of people were quarantined, thus putting a pause on all supply chains dependent on China. It has also affected the workforce community without which, many ports, such as Shenzhen and Shanghai, are closed for operations. However, the country has shown signs of recovery after the lockdown of three months. Increasing number of surgeries and road accidents in 2021 is expected to generate the demand for bioresorbable polymers. Other developing countries too have accelerated their bioresorbable polymers in 2021 after the rollout of the mass vaccination drive.

Market Dynamics

Driver: Growing demand in biocompatible medical devices

Bioresorbable polymers are widely used in medical applications to make stents, sutures, and scaffolds that are implanted inside the human body after a surgery to support the organ. They are also used as controlled drug release implants inside the human body. Once the recovery of the patient’s organ begins, bioresorbable polymers gradually starts dissolving and is completely absorbed in the body after its function is performed. As these products are absorbed by the body itself, the patient does not require a second surgical intervention to remove it. Hence, the whole procedure is cost-effective and patient-friendly. For example, during maxillofacial surgery, bioresorbable polymers are used to provide aid to the healing process and are broken down when they are no longer needed. Nowadays consumers are more health conscious, as they do not want to be exposed to unnecessary drugs and medical procedures that have several adverse effects on health and ultimately weakens the body.

Restraints: Increasing preference for minimally invasive surgeries

The preference for minimally invasive surgeries is increasing primarily due to the benefits associated with these procedures, including shorter hospital stay, faster recovery time, and less bleeding and pain. The growing inclination for these procedures over conventional surgery has limited the use of various medical devices, which may hinder the market growth.

Laparoscopy, one of the most widely adopted minimally invasive surgeries, requires one or more small incisions (0.5–1.5 cm) in the abdomen or pelvic area. The small size of incisions in these surgeries eliminates the need for multiple stitches, thereby reducing the demand for surgical sutures. Further reducing the demand for bioresorbable polymers for such sutures.

Opportunities: Electrospinning and 3D printing technologies

Bioresorbable polymers demonstrate excellent proliferation and cell adhesion properties, which make them a completely suitable for tissue engineering applications. These polymers are fabricated into scaffolds by various techniques such as electrospinning and polymers printing to create microstructures and nanomaterials that facilitate tissue development. By using 3D printing, highly complex designs with controllable features can be produced for effective and smooth tissue engineering. The ability to use these technologies is a major opportunity in designing organ like structures, which were quite difficult to replicate till now. These methods are a solution to meet the high demand of suitable organs for organ transplantation.

Challenges: Stringent regulatory framework for medical devices

The development of new bioresorbable medical device requires significant investments, and new products generally take more than 7–8 years for gaining marketing approval. For instance, in the US, the FDA has made it mandatory for bioresorbable medical device manufacturers to obtain Premarket Approval (PMA) for their products before they are introduced in the market. For this, the product has to demonstrate proper clinical trial data, which has to be submitted along with the application for PMA. The cost and time required for a product to enter the clinical trial step and then clear the clinical trials are very high, with minimum chances of the product gaining approval. Also, the possibility of obtaining clinically significant data showing clinical trial clearance has been critical for such devices. Bioresorbable medical devices are considered Class III products, owing to which these products require strict adherence to regulatory guidelines. This is a major factor limiting the development of novel bioresorbable polymers in the market.

“Poly(lactic-co-glycolic acid) (PLGA)  is estimated to be the fastest-growing type in the  bioresorbable polymers   market between 2021 and 2026.”

PLGA is an elastomeric co-polymers, which is a blend of glycolic acid and lactic acid. PLGA is mainly used in the drug delivery application. Biodegradability, biocompatibility, mechanical properties and east of processing are key characteristics of PLGA. PLGA is also used in the applications like tissue engineering devices, and prosthetic devices. The mechanical properties and degradability of PLA is significantly improved by combing PGA. Hence it is highly preferred type of polymers in drug delivery.

“Orthopedic devices   was the largest application for bioresorbable polymers  market in 2020”

Orthopedics is the largest application for resorbable polymers. In this application, resorbable polymers are used during surgery. Resorbable polymers are used to make sutures, screw, stents, and pins. Orthopedics implants are meant to support a broken part after surgery. When these implants are added to the body, they perform the desired action, and once done, these implants get absorbed in the body by themselves. All these products based on resorbable polymers are used in various Orthopedics sub-applications such as trauma, hip, knee, spine, sports injuries, and others. Resorbable polymer-based implants improve patients care and clinical outcomes, and help reduce extra surgery/process costs. These implants break down naturally after implantation, during the healing and supporting process. The major benefit of using resorbable polymers-based implants is that they do not require additional surgery for their removal and, unlike metal based implants, these products don’t interfere with radiotherapy and imaging.

“North America  is estimated to be the largest region in  bioresorbable polymers  market in 2020.”

North America was the largest bioresorbable polymers market, in terms of value, in 2020 followed by Europe and APAC. Factors such as the growing number of FDA approvals for advanced surgery products, presence of a well-developed healthcare system, increasing volume of surgical procedures, growing number of minimally invasive procedures across ASCs, and the presence of leading market players in the region are contributing to the large share of North America in the global biosurgery market.

Europe is estimated to be the second-largest bioresorbable polymers market during the forecast period.

Europe is one of the important markets of resorbable polymers worldwide. In 2020, the region accounted for the second-largest market share in terms of value. Key countries in the region include Germany, France, the U.K., Italy, and Russia. The growing prevalence of chronic diseases such as cancer, cardiovascular diseases, orthopedic disorders, and neurological disorders; the rising geriatric population; and the growing volume of bariatric, trauma, orthopedic, and cardiovascular surgeries performed in Europe are the key factors driving the demand for bioresorbable polymers in the region. According to the European Commission, the growing geriatric population is one of the biggest challenges faced by the European region. By 2025, more than 20% of Europeans will be aged 65 years and above, with a rapid increase in the number of individuals aged 80 and over. The incidence of conditions such as bone fractures, hip and knee injuries, cardiac diseases, and lung disorders is likely to be higher in the elderly population as compared to the younger population. The growth in the aging population is, therefore, a key market driver in the region.

Bioresorbable Polymers Market by Region

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APAC is estimated to be the  third-largest bioresorbable polymers  market in 2020, in terms of value”

APAC was the third-largest consumer of bioresorbable polymers in 2020, in terms of value, of the global market and is projected to grow at the highest CAGR during the forecast period. High economic growth in emerging countries and the increasing disposable income of people make APAC an attractive market for bioresorbable polymers. The factors contributing growth of bioresorbable polymers market in APAC are presence of high-growth markets such as India, China, and Japan; rapid growth in the geriatric population; increasing number of hospitals; supportive reimbursement policies; the implementation of favorable government initiatives; growing per capita income; increasing investments in the healthcare industry; the rising demand for cutting-edge surgery products; and the expansion of private-sector hospitals to rural areas.

Bioresorbable Polymers Market by Region

Key Market Players

The key market players profiled in the report include Corbion N.V. (The Netherlands), Evonik Industries AG(Germany), Foster Corporation (US), KLS Martin Group (Germany), DSM Biomedical (US), Inc, Ashland Global Holdings Inc. (US), Zeus Industrial Products(US), Inc, Seqens Group (France), REVA Medical, LLC (US), Poly-Med Incorporated (US), Bezwada Biomedical, LLC (US), Nomisma Healthcare Pvt. Ltd. (India), BMG Incorporated (Japan), Polysciences, Inc. (US), Huizhou Foryou Medical Devices Co., Ltd. (China), Musashino Chemical Laboratory, Ltd. (Japan), and Henan Xinghan Biotechnology Co. Ltd.(China).

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Scope of the Report

Report Metric

Details

Years considered for the study

2016-2026

Base Year

2021

Forecast period

2021–2026

Units considered

Volume (Ton); Value (USD Million)

Segments

Type, Application, and Region

Regions

APAC, North America, Europe, Middle East & Africa, and South America

Companies

Corbion N.V. (The Netherlands), Evonik Industries AG(Germany), Foster Corporation (US), KLS Martin Group (Germany), DSM Biomedical (US), Inc, Ashland Global Holdings Inc. (US), Zeus Industrial Products(US), Inc, Seqens Group (France), REVA Medical, LLC (US), Poly-Med Incorporated (US), Bezwada Biomedical, LLC (US), Nomisma Healthcare Pvt. Ltd. (India), BMG Incorporated (Japan), Polysciences, Inc. (US), Huizhou Foryou Medical Devices Co., Ltd. (China), Musashino Chemical Laboratory, Ltd. (Japan), and Henan Xinghan Biotechnology Co. Ltd.(China).

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

On the basis of type, the bioresorbable polymers  market has been segmented as follows:

  • Polylactic acid (PLA)
    • Poly (l-lactic) acid (PLLA)
    • -Poly-d,l-lactic acid (PDLLA)
  • Polyglycolic acid (PGA)
  • Poly(lactic-co-glycolic acid) (PLGA)
  • Polycaprolactone(PCL)
  • Others

On the basis of application, the bioresorbable polymers  market has been segmented as follows:

  • Orthopedic devices
    • Trauma
    • Hip
    • Knee
    • Spine
    • Sports injury
    • Others
  • Drug delivery
    • Parenteral
    • Oral
    • Others
  • Others

On the basis of region, the bioresorbable polymers  market has been segmented as follows:

  • APAC
  • North America
  • Europe
  • Middle East & Arica
  • South America

Recent Developments

  • In January 2018, Ashland had acquired Vornia Limited, a manufacturer of bioresorbable polymers, for USD 12 million. Vornia Limited manufactures microscale polylactic-co-glycolic acid (PLGA) copolymers formulated in a host of injectable excipients used for the treatment of cancer, diabetes and a wide range of autoimmune diseases.
  • In September 2020, DSM announced a partnership with PBC Biomed, an Ireland-based medical device design and development company. This partnership will focus initially on the development of regenerative bone adhesives for safe and cost-effective surgical procedures.
  • In December 2020, Evonik Industries AG has closed its acquisition of the LACTEL Absorbable Polymers product line from DURECT Corporation. This acquisition is considered to be a step in the growth agenda of Evonik’s life-science division Nutrition & Care.
  • In September 2020, Corbion and Total announced to build a new PLA bioplastics plant in Europe through their Total Corbion PLA joint venture. The plant is expected to have a capacity of 100,000 tons per annum, being the first global-scale PLA production facility in Europe. The new plant is planned to be located in France and to be operational in 2024. This additional PLA investment will accelerate plans to further expand lactic acid production.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 35)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 BIORESORBABLE POLYMERS MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 BIORESORBABLE POLYMERS: MARKET DEFINITION AND INCLUSIONS, BY TYPE
           1.2.3 BIORESORBABLE POLYMERS: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.3 MARKET SCOPE
           1.3.1 BIORESORBABLE POLYMERS: MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
           FIGURE 1 BIORESORBABLE POLYMERS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           FIGURE 2 BASE MARKET CALCULATION AND VALIDATION APPROACH
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (TOP-DOWN)
    2.3 DATA TRIANGULATION
           FIGURE 5 BIORESORBABLE POLYMERS MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           2.4.1 SUPPLY-SIDE
                    FIGURE 6 MARKET CAGR PROJECTIONS FROM SUPPLY-SIDE
           2.4.2 DEMAND-SIDE
                    FIGURE 7 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
           TABLE 1 BIORESORBABLE POLYMERS MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 50)
    FIGURE 8 PLA TO BE THE LARGEST TYPE OF BIORESORBABLE POLYMER DURING THE FORECAST PERIOD
    FIGURE 9 DRUG DELIVERY TO BE THE FASTEST-GROWING APPLICATION OF BIORESORBABLE POLYMERS DURING THE FORECAST PERIOD
    FIGURE 10 NORTH AMERICA ACCOUNTED FOR THE LARGEST SHARE OF THE BIORESORBABLE POLYMERS MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 SIGNIFICANT OPPORTUNITIES IN THE BIORESORBABLE POLYMERS MARKET
           FIGURE 11 HIGH GROWTH EXPECTED IN EMERGING ECONOMIES DURING THE FORECAST PERIOD
    4.2 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION
           FIGURE 12 NORTH AMERICA TO BE THE LARGEST BIORESORBABLE POLYMERS MARKET DURING THE FORECAST PERIOD
    4.3 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY TYPE AND COUNTRY
           FIGURE 13 THE US ACCOUNTED FOR THE LARGEST SHARE OF THE MARKET IN NORTH AMERICA
    4.4 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION AND REGION
           FIGURE 14 ORTHOPEDIC DEVICES TO DOMINATE THE BIORESORBABLE POLYMERS MARKET
    4.5 BIORESORBABLE POLYMERS MARKET ATTRACTIVENESS
           FIGURE 15 INDIA TO BE THE FASTEST-GROWING BIORESORBABLE POLYMERS MARKET DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE BIORESORBABLE POLYMERS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing number of surgical interventions
                    5.2.1.2 Growing demand in biocompatible medical devices
                    5.2.1.3 Growing demand in drug delivery application
                               FIGURE 17 PHARMACEUTICAL R&D EXPENDITURE IN EUROPEAN COUNTRIES, US, AND JAPAN (USD MILLION), 2000–2017
                    5.2.1.4 Favorable reimbursement scenario
                               TABLE 2 TOTAL HEALTH EXPENDITURE (% OF GDP), BY COUNTRY, 2014–2018
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing preference for minimally invasive surgeries
                    5.2.2.2 Higher cost of bioresorbable polymers than that of conventional polymers
                    5.2.2.3 Lack of quality control measures in developing countries
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Electrospinning and 3D printing technologies
           5.2.4 CHALLENGES
                    5.2.4.1 Stringent regulatory framework for medical devices
                    5.2.4.2 Requirement of skilled personnel for the effective use of bioresorbable medical products
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 18 BIORESORBABLE POLYMERS MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 BIORESORBABLE POLYMERS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 THREAT OF NEW ENTRANTS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 SUPPLY CHAIN ANALYSIS
           FIGURE 19 SUPPLY CHAIN OF BIORESORBABLE POLYMERS MARKET
           5.4.1 RAW MATERIALS
           5.4.2 MANUFACTURING
           5.4.3 DISTRIBUTION
           5.4.4 END-USE INDUSTRIES
    5.5 PATENT ANALYSIS
           5.5.1 INTRODUCTION
           5.5.2 APPROACH
           5.5.3 DOCUMENT TYPE
                    TABLE 4 GRANTED PATENTS ACCOUNT FOR 19% OF ALL PATENTS BETWEEN 2010 AND 2020
                    FIGURE 20 PATENTS REGISTERED FOR BIORESORBABLE POLYMERS, 2010–2020
                    FIGURE 21 PATENT PUBLICATION TRENDS FOR BIORESORBABLE POLYMERS, 2010–2020
           5.5.4 INSIGHTS
           5.5.5 LEGAL STATUS OF PATENTS
                    FIGURE 22 LEGAL STATUS OF BIORESORBABLE POLYMERS PATENTS
           5.5.6 JURISDICTION ANALYSIS
                    FIGURE 23 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA
           5.5.7 TOP APPLICANTS
                    FIGURE 24 TORAY INDUSTRIES, INC. REGISTERED THE HIGHEST NUMBER OF PATENTS BETWEEN 2010 AND 2020
                    TABLE 5 TOP 10 PATENT OWNERS IN THE US, 2010–2020
    5.6 TRADE DATA
           5.6.1 IMPORT SCENARIO OF BIORESORBABLE POLYMERS
                    FIGURE 25 BIORESORBABLE POLYMER IMPORTS, BY KEY COUNTRIES, 2017–2020
                    TABLE 6 BIORESORBABLE POLYMER IMPORTS, BY REGION, 2017–2020 (USD THOUSAND)
           5.6.2 EXPORT SCENARIO OF BIORESORBABLE POLYMERS
                    FIGURE 26 BIORESORBABLE POLYMER EXPORTS, BY KEY COUNTRIES, 2017–2020
                    TABLE 7 BIORESORBABLE POLYMER EXPORTS, BY REGION, 2017–2020 (USD THOUSAND)
    5.7 TECHNOLOGY ANALYSIS
    5.8 AVERAGE SELLING PRICES OF BIORESORBABLE POLYMERS
           TABLE 8 AVERAGE SELLING PRICES OF BIORESORBABLE POLYMERS, BY REGION, (USD THOUSAND/KG)
           FIGURE 27 AVERAGE SELLING PRICE OF BIORESORBABLE POLYMER,  2018–2026 (USD THOUSAND/KG)
    5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           FIGURE 28 REVENUE SHIFT FOR BIORESORBABLE POLYMERS MARKET
    5.10 ECOSYSTEM/MARKET MAP
           FIGURE 29 BIORESORBABLE POLYMERS MARKET: ECOSYSTEM
           TABLE 9 BIORESORBABLE POLYMERS MARKET: ECOSYSTEM
    5.11 CASE STUDIES
           5.11.1 A CASE STUDY ON RESOMER BIORESORBABLE POLYMER USED IN BREAST IMPLANT TECHNOLOGY
           5.11.2 A CASE STUDY ON EXPANSORB PLA ORTHOPEDIC SCREWS
    5.12 TARIFF AND REGULATORY LANDSCAPE
           TABLE 10 INDICATIVE LIST OF REGULATORY AUTHORITIES GOVERNING BIORESORBABLE MEDICAL DEVICES
           5.12.1 NORTH AMERICA
                    5.12.1.1 US
                                TABLE 11 US FDA: MEDICAL DEVICE CLASSIFICATION
                                TABLE 12 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
                    5.12.1.2 Canada
                                TABLE 13 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
           5.12.2 EUROPE
           5.12.3 APAC
                    5.12.3.1 Japan
                                TABLE 14 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
                    5.12.3.2 China
                                TABLE 15 NMPA MEDICAL DEVICES CLASSIFICATION
                    5.12.3.3 India
                                TABLE 16 INDIA: CLASSIFICATION OF BIORESORBABLE PRODUCTS FOR SURGERY
    5.13 MACROECONOMIC INDICATORS
           5.13.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
                     TABLE 17 GDP TRENDS AND FORECAST, BY MAJOR ECONOMY, 2018–2026 (USD BILLION)
    5.14 BIORESORBABLE POLYMER: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
           FIGURE 30 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
           TABLE 18 BIORESORBABLE POLYMERS MARKET: FORECAST SCENARIOS,  2018–2026 (USD MILLION)
           5.14.1 NON-COVID-19 SCENARIO
           5.14.2 OPTIMISTIC SCENARIO
           5.14.3 PESSIMISTIC SCENARIO
           5.14.4 REALISTIC SCENARIO
    5.15 COVID-19 IMPACT
           5.15.1 INTRODUCTION
    5.16 COVID-19 HEALTH ASSESSMENT
           FIGURE 31 COVID-19: THE GLOBAL PROPAGATION
           FIGURE 32 COVID-19 PROPAGATION: SELECT COUNTRIES
    5.17 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 33 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           5.17.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                     FIGURE 34 CRITERIA IMPACTING THE GLOBAL ECONOMY

6 BIORESORBABLE POLYMERS MARKET, BY TYPE (Page No. - 90)
    6.1 INTRODUCTION
           FIGURE 35 PLGA IS PROJECTED TO BE THE FASTEST-GROWING SEGMENT DURING THE FORECAST PERIOD
           TABLE 19 BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 20 BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
           TABLE 21 BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (TON)
           TABLE 22 BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (TON)
    6.2 POLYLACTIC ACID (PLA)
           6.2.1 DEMAND FROM ORTHOPEDIC DEVICES TO DRIVE THE MARKET
                    FIGURE 36 APAC TO BE THE FASTEST-GROWING BIORESORBABLE POLYMERS MARKET FOR PLA
                    TABLE 23 PLA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 24 PLA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 25 PLA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2016–2019 (TON)
                    TABLE 26 PLA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2020–2026 (TON)
    6.3 POLYGLYCOLIC ACID (PGA)
           6.3.1 DEMAND FROM SUTURES AND OTHER MEDICAL IMPLANTS TO DRIVE THE MARKET
                    FIGURE 37 NORTH AMERICA TO BE THE LARGEST MARKET FOR PGA
                    TABLE 27 PGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2016–2019 (USD MILLION)
                    TABLE 28 PGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 29 PGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2016–2019 (TON)
                    TABLE 30 PGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2020–2026 (TON)
    6.4 POLY (LACTIC-CO-GLYCOLIC ACID) (PLGA)
           6.4.1 BIOCOMPATIBILITY AND BIODEGRADABILITY OF PLGA TO DRIVE THE MARKET
                    FIGURE 38 APAC TO BE THE FASTEST-GROWING MARKET FOR PLGA DURING THE FORECAST PERIOD
                    TABLE 31 PLGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 32 PLGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 33 PLGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 34 PLGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (TON)
    6.5 POLYCAPROLACTONE (PCL)
           6.5.1 DEMAND FROM CONTROL DRUG RELEASE SYSTEMS TO DRIVE THE MARKET
                    FIGURE 39 EUROPE TO BE THE SECOND-LARGEST MARKET FOR PCL-BASED BIORESORBABLE POLYMERS BETWEEN 2021 AND 2026
                    TABLE 35 PCL-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 36 PCL-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 37 PCL-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 38 PCL-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (TON)
    6.6 OTHERS
           FIGURE 40 APAC TO BE THE FASTEST-GROWING MARKET FOR OTHER BIORESORBABLE POLYMERS DURING THE FORECAST PERIOD
           TABLE 39 OTHER BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 40 OTHER BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
           TABLE 41 OTHER BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (TON)
           TABLE 42 OTHER BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (TON)

7 BIORESORBABLE POLYMERS MARKET, BY APPLICATION (Page No. - 105)
    7.1 INTRODUCTION
           FIGURE 41 ORTHOPEDIC DEVICES TO BE THE LARGEST APPLICATION OF BIORESORBABLE POLYMERS DURING THE FORECAST PERIOD
           TABLE 43 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
           TABLE 44 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
           TABLE 45 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
           TABLE 46 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    7.2 ORTHOPEDIC DEVICES
           7.2.1 HIGH CONSUMPTION IN NORTH AMERICA AND EUROPE TO DRIVE THE MARKET
                    FIGURE 42 NORTH AMERICA TO BE THE LARGEST BIORESORBABLE POLYMERS MARKET FOR ORTHOPEDIC DEVICES APPLICATION
                    TABLE 47 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 48 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 49 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES, BY REGION, 2016–2019 (TON)
                    TABLE 50 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES, BY REGION, 2020–2026 (TON)
                    TABLE 51 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES,  BY SUB-APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 52 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES,  BY SUB-APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 53 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES,  BY SUB-APPLICATION, 2016–2019 (TON)
                    TABLE 54 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES,  BY SUB-APPLICATION, 2020–2026 (TON)
    7.3 DRUG DELIVERY
           7.3.1 HIGH DEMAND FOR ORAL CAPSULES TO DRIVE THE MARKET
                    FIGURE 43 NORTH AMERICA TO BE THE LARGEST BIORESORBABLE POLYMERS MARKET IN THE DRUG DELIVERY APPLICATION
                    TABLE 55 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 56 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 57 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY REGION, 2016–2019 (TON)
                    TABLE 58 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY REGION, 2020–2026 (TON)
                    TABLE 59 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY SUB-APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 60 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY SUB-APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 61 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY SUB-APPLICATION, 2016–2019 (TON)
                    TABLE 62 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY SUB-APPLICATION, 2020–2026 (TON)
    7.4 OTHERS
           FIGURE 44 EUROPE TO BE THE SECOND-LARGEST BIORESORBABLE POLYMERS MARKET IN OTHER APPLICATIONS
           TABLE 63 BIORESORBABLE POLYMERS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
           TABLE 64 BIORESORBABLE POLYMERS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2026 (USD MILLION)
           TABLE 65 BIORESORBABLE POLYMERS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2019 (TON)
           TABLE 66 BIORESORBABLE POLYMERS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2026 (TON)

8 BIORESORBABLE POLYMERS MARKET, BY REGION (Page No. - 118)
    8.1 INTRODUCTION
           FIGURE 45 APAC TO BE THE FASTEST-GROWING BIORESORBABLE POLYMERS MARKET DURING THE FORECAST PERIOD
                    TABLE 67 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 68 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
           TABLE 69 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (TON)
           TABLE 70 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (TON)
    8.2 NORTH AMERICA
           FIGURE 46 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SNAPSHOT
           8.2.1 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 71 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 72 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 73 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 74 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (TON)
           8.2.2 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY APPLICATION
                    TABLE 75 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 76 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 77 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 78 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           8.2.3 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY COUNTRY
                    TABLE 79 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 80 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    TABLE 81 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 82 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    8.2.3.1 US
                               8.2.3.1.1 Growth of the orthopedic devices and drug delivery applications to drive the market
                                            TABLE 83 US: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                            TABLE 84 US: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
                                            TABLE 85 US: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 86 US: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    8.2.3.2 Canada
                               8.2.3.2.1 The rise in geriatric population to boost the demand
                                            TABLE 87 CANADA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 88 CANADA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 89 CANADA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 90 CANADA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    8.2.3.3 Mexico
                               8.2.3.3.1 Rising medical tourism to propel market growth
                                            TABLE 91 MEXICO: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 92 MEXICO: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 93 MEXICO: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 94 MEXICO: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    8.3 APAC
           FIGURE 47 APAC: BIORESORBABLE POLYMERS MARKET SNAPSHOT
           8.3.1 APAC: BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 95 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 96 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 97 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 98 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (TON)
           8.3.2 APAC: BIORESORBABLE POLYMERS MARKET, BY APPLICATION
                    TABLE 99 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                    TABLE 100 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
                    TABLE 101 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (TON)
                    TABLE 102 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           8.3.3 APAC: BIORESORBABLE POLYMERS MARKET, BY COUNTRY
                    TABLE 103 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2016–2019 (USD MILLION)
                    TABLE 104 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2020–2026 (USD MILLION)
                    TABLE 105 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 106 APAC: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    8.3.3.1 China
                               8.3.3.1.1 The country’s economic growth is a major driver for the market
                                            TABLE 107 CHINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                            TABLE 108 CHINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
                                            TABLE 109 CHINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (TON)
                                            TABLE 110 CHINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (TON)
                    8.3.3.2 Japan
                               8.3.3.2.1 Rapidly aging population to drive the bioresorbable polymers market in Japan
                                            TABLE 111 JAPAN: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                            TABLE 112 JAPAN: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
                                            TABLE 113 JAPAN: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (TON)
                                            TABLE 114 JAPAN: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (TON)
                    8.3.3.3 India
                               8.3.3.3.1 Growing pharmaceutical and medical industry to drive the market
                                            TABLE 115 INDIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                            TABLE 116 INDIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
                                            TABLE 117 INDIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (TON)
                                            TABLE 118 INDIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (TON)
                    8.3.3.4 South Korea
                               8.3.3.4.1 Increasing access to healthcare facilities driving the market in South Korea
                                            TABLE 119 SOUTH KOREA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 120 SOUTH KOREA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 121 SOUTH KOREA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 122 SOUTH KOREA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    8.4 EUROPE
           FIGURE 48 EUROPE: BIORESORBABLE POLYMERS MARKET SNAPSHOT
           8.4.1 EUROPE: BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 123 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2016–2019 (USD MILLION)
                    TABLE 124 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2020–2026 (USD MILLION)
                    TABLE 125 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 126 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (TON)
           8.4.2 EUROPE: BIORESORBABLE POLYMERS MARKET, BY APPLICATION
                    TABLE 127 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 128 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 129 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 130 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           8.4.3 EUROPE BIORESORBABLE POLYMERS MARKET, BY COUNTRY
                    TABLE 131 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2016–2019 (USD MILLION)
                    TABLE 132 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2020–2026 (USD MILLION)
                    TABLE 133 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 134 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    8.4.3.1 Germany
                               8.4.3.1.1 Rising government investments offer opportunities for market growth
                                            TABLE 135 GERMANY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 136 GERMANY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 137 GERMANY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 138 GERMANY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    8.4.3.2 UK
                               8.4.3.2.1 Increase in healthcare expenditure is the major driver for the growth of the market
                                            TABLE 139 UK: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                            TABLE 140 UK: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
                                            TABLE 141 UK: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (TON)
                                            TABLE 142 UK: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (TON)
                    8.4.3.3 Italy
                               8.4.3.3.1 Growth in the overall economy propelling the bioresorbable polymers market
                                            TABLE 143 ITALY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (USD MILLION)
                                            TABLE 144 ITALY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (USD MILLION)
                                            TABLE 145 ITALY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2016–2019 (TON)
                                            TABLE 146 ITALY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2020–2026 (TON)
                    8.4.3.4 France
                               8.4.3.4.1 Well-established healthcare system to drive the demand for bioresorbable polymers in the country
                                            TABLE 147 FRANCE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 148 FRANCE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 149 FRANCE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 150 FRANCE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    8.4.3.5 Russia
                               8.4.3.5.1 Orthopedics, healthcare, and pharmaceutical segments contribute significantly to market growth
                                            TABLE 151 RUSSIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 152 RUSSIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 153 RUSSIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 154 RUSSIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    8.5 MIDDLE EAST & AFRICA
           8.5.1 MIDDLE EAST & AFRICA BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 155 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 156 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 157 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 158 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (TON)
           8.5.2 MIDDLE EAST & AFRICA BIORESORBABLE POLYMERS MARKET, BY APPLICATION
                    TABLE 159 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 160 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 161 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 162 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           8.5.3 MIDDLE EAST & AFRICA BIORESORBABLE POLYMERS MARKET, BY REGION
                    TABLE 163 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 164 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 165 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 166 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2020–2026 (TON)
                    8.5.3.1 Middle East
                               8.5.3.1.1 Improving healthcare infrastructure to drive the market
                                            TABLE 167 MIDDLE EAST: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 168 MIDDLE EAST: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 169 MIDDLE EAST: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 170 MIDDLE EAST: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    8.5.3.2 Africa
                               8.5.3.2.1 Iran is the largest bioresorbable polymers market in the Middle East & Africa
                                            TABLE 171 AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 172 AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 173 AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 174 AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    8.6 SOUTH AMERICA
           8.6.1 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 175 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 176 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 177 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 178 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2020–2026 (TON)
           8.6.2 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY APPLICATION
                    TABLE 179 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 180 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 181 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 182 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           8.6.3 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY COUNTRY
                    TABLE 183 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 184 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    TABLE 185 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 186 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    8.6.3.1 Brazil
                               8.6.3.1.1 Brazil is the largest bioresorbable polymers market in South America
                                            TABLE 187 BRAZIL: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 188 BRAZIL: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 189 BRAZIL: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 190 BRAZIL: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    8.6.3.2 Argentina
                               8.6.3.2.1 Growth in the pharmaceutical industry to drive the market
                                            TABLE 191 ARGENTINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 192 ARGENTINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 193 ARGENTINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 194 ARGENTINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)

9 COMPETITIVE LANDSCAPE (Page No. - 169)
    9.1 INTRODUCTION
    9.2 STRATEGIES ADOPTED BY KEY PLAYERS
           9.2.1 OVERVIEW OF STRATEGIES ADOPTED BY BIORESORBABLE POLYMERS MANUFACTURERS
    9.3 MARKET SHARE ANALYSIS
           9.3.1 RANKING OF KEY MARKET PLAYERS
                    FIGURE 49 RANKING OF TOP FIVE PLAYERS IN THE BIORESORBABLE POLYMERS MARKET, 2020
           9.3.2 MARKET SHARE OF KEY PLAYERS, 2020
                    TABLE 195 BIORESORBABLE POLYMERS MARKET: DEGREE OF COMPETITION
                    FIGURE 50 BIORESORBABLE POLYMERS MARKET SHARE, BY COMPANY (2020)
                    9.3.2.1 Ashland Global Holdings Inc.
                    9.3.2.2 DSM Biomedical, Inc.
                    9.3.2.3 Evonik Industries AG
                    9.3.2.4 Poly-Med Incorporated
                    9.3.2.5 Corbion N.V.
           9.3.3 REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2016–2020
                    FIGURE 51 REVENUE ANALYSIS OF KEY COMPANIES FOR THE PAST FIVE YEARS
    9.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
           FIGURE 52 BIORESORBABLE POLYMERS MARKET: COMPANY PRODUCT FOOTPRINT
           TABLE 196 BIORESORBABLE POLYMERS MARKET: TYPE FOOTPRINT
           TABLE 197 BIORESORBABLE POLYMERS MARKET: APPLICATION FOOTPRINT
           TABLE 198 BIORESORBABLE POLYMERS MARKET: COMPANY REGION FOOTPRINT
    9.5 COMPANY EVALUATION QUADRANT (TIER 1)
           9.5.1 STARS
           9.5.2 EMERGING LEADERS
                    FIGURE 53 BIORESORBABLE POLYMERS MARKET: COMPANY EVALUATION QUADRANT, 2020
    9.6 START-UP/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT
           9.6.1 RESPONSIVE COMPANIES
           9.6.2 STARTING BLOCKS
                    FIGURE 54 START-UP/SMES EVALUATION QUADRANT FOR BIORESORBABLE POLYMERS MARKET
    9.7 COMPETITIVE SITUATION AND TRENDS
           9.7.1 DEALS
                    TABLE 199 BIORESORBABLE POLYMERS MARKET: DEALS (2018 TO 2021)
           9.7.2 OTHER DEVELOPMENTS
                    TABLE 200 BIORESORBABLE POLYMERS MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2020 TO 2021)

10 COMPANY PROFILES (Page No. - 181)
(Business overview, Products offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats)* 
     10.1 MAJOR PLAYERS
             10.1.1 CORBION N.V.
                        TABLE 201 CORBION N.V.: BUSINESS OVERVIEW
                        FIGURE 55 CORBION N.V.: COMPANY SNAPSHOT
                        TABLE 202 CORBION N.V.: DEALS
             10.1.2 EVONIK INDUSTRIES AG
                        TABLE 203 EVONIK INDUSTRIES AG: BUSINESS OVERVIEW
                        FIGURE 56 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
                        TABLE 204 EVONIK INDUSTRIES AG: DEALS
             10.1.3 FOSTER CORPORATION
                        TABLE 205 FOSTER CORPORATION: BUSINESS OVERVIEW
                        TABLE 206 FOSTER CORPORATION: DEALS
             10.1.4 KLS MARTIN GROUP
                        TABLE 207 KLS MARTIN GROUP: BUSINESS OVERVIEW
             10.1.5 DSM BIOMEDICAL, INC.
                        TABLE 208 DSM BIOMEDICAL, INC.: BUSINESS OVERVIEW
                        TABLE 209 DSM BIOMEDICAL, INC.: DEALS
             10.1.6 ASHLAND GLOBAL HOLDINGS INC.
                        TABLE 210 ASHLAND GLOBAL HOLDINGS INC.: BUSINESS OVERVIEW
                        FIGURE 57 ASHLAND GLOBAL HOLDINGS INC.: COMPANY SNAPSHOT
                        TABLE 211 ASHLAND GLOBAL HOLDINGS INC.: DEALS
                        TABLE 212 ASHLAND GLOBAL HOLDINGS INC.: OTHER DEVELOPMENTS
             10.1.7 ZEUS INDUSTRIAL PRODUCTS, INC.
                        TABLE 213 ZEUS INDUSTRIAL PRODUCTS, INC.: BUSINESS OVERVIEW
                        TABLE 214 ZEUS INDUSTRIAL PRODUCTS, INC.: DEALS
             10.1.8 SEQENS GROUP
                        TABLE 215 SEQENS GROUP: BUSINESS OVERVIEW
             10.1.9 REVA MEDICAL, LLC
                        TABLE 216 REVA MEDICAL, LLC: BUSINESS OVERVIEW
             10.1.10 POLY-MED INCORPORATED.
                        TABLE 217 POLY-MED INCORPORATED: BUSINESS OVERVIEW
                        TABLE 218 POLY-MED INCORPORATED: OTHER DEVELOPMENTS
     10.2 STARTUPS AND SMES
             10.2.1 BEZWADA BIOMEDICAL, LLC
                        TABLE 219 BEZWADA BIOMEDICAL, LLC: COMPANY OVERVIEW
             10.2.2 NOMISMA HEALTHCARE PVT. LTD
                        TABLE 220 NOMISMA HEALTHCARE PVT. LTD: COMPANY OVERVIEW
             10.2.3 BMG INCORPORATED
                        TABLE 221 BMG INCORPORATED: COMPANY OVERVIEW
             10.2.4 POLYSCIENCES, INC.
                        TABLE 222 POLYSCIENCES, INC.: COMPANY OVERVIEW
             10.2.5 HUIZHOU FORYOU MEDICAL DEVICES CO., LTD.
                        TABLE 223 HUIZHOU FORYOU MEDICAL DEVICES CO., LTD.: COMPANY OVERVIEW
             10.2.6 MUSASHINO CHEMICAL LABORATORY, LTD.
                        TABLE 224 MUSASHINO CHEMICAL LABORATORY, LTD.: COMPANY OVERVIEW
             10.2.7 HENAN XINGHAN BIOTECHNOLOGY CO. LTD.
                        TABLE 225 HENAN XINGHAN BIOTECHNOLOGY CO. LTD.: COMPANY OVERVIEW
*Details on Business overview, Products offered, Recent developments, MnM view, Key strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies. 

11 ADJACENT & RELATED MARKETS (Page No. - 208)
     11.1 INTRODUCTION
     11.2 LIMITATIONS
     11.3 BIOSURGERY MARKET
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
     11.4 BIOSURGERY MARKET
             TABLE 226 BIOSURGERY MARKET, BY REGION, 2019–2026 (USD MILLION)
             11.4.1 NORTH AMERICA
                        11.4.1.1 By country
                                     TABLE 227 NORTH AMERICA: BIOSURGERY MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
                        11.4.1.2 By application
                                     TABLE 228 NORTH AMERICA: BIOSURGERY MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                        11.4.1.3 By end user
                                     TABLE 229 NORTH AMERICA: BIOSURGERY MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.2 EUROPE
                        11.4.2.1 By country
                                     TABLE 230 EUROPE: BIOSURGERY MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
                        11.4.2.2 By application
                                     TABLE 231 EUROPE: BIOSURGERY MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                        11.4.2.3 By end user
                                     TABLE 232 EUROPE: BIOSURGERY MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.3 APAC
                        11.4.3.1 By country
                                     TABLE 233 ASIA PACIFIC: BIOSURGERY MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
                        11.4.3.2 By application
                                     TABLE 234 ASIA PACIFIC: BIOSURGERY MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                        11.4.3.3 By end user
                                     TABLE 235 ASIA PACIFIC: BIOSURGERY MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.4 LATIN AMERICA
                        11.4.4.1 By country
                                     TABLE 236 LATIN AMERICA: BIOSURGERY MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
                        11.4.4.2 By application
                                     TABLE 237 LATIN AMERICA: BIOSURGERY MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
                        11.4.4.3 By end user
                                     TABLE 238 LATIN AMERICA: BIOSURGERY MARKET, BY END USER, 2019–2026 (USD MILLION)
             11.4.5 MIDDLE EAST & AFRICA
                        11.4.5.1 By application
                                     TABLE 239 MIDDLE EAST AND AFRICA: BIOSURGERY MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
                        11.4.5.2 By end user
                                     TABLE 240 MIDDLE EAST AND AFRICA: BIOSURGERY MARKET, BY END USER,  2019–2026 (USD MILLION)

12 APPENDIX (Page No. - 217)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities to estimate the market size for bioresorbable polymers. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The bioresorbable polymers market comprises several stakeholders such as raw material suppliers, manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development in end-use industries such as medical sector. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Bioresorbable Polymers Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the bioresorbable polymers market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry have been identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of volume and value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the size of the bioresorbable polymers  market, in terms of volume and value
  • To provide detailed information regarding key factors, such as drivers, restraints, and opportunities  influencing the growth of the market
  • To define, describe, and segment the bioresorbable polymers  market on the basis of type,  and application
  • To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
  • 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  expansion, merger & acquisition, and agreement in the bioresorbable polymers  market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

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

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Bioresorbable Polymers Market Size,  Share & Growth Report
Report Code
CH 4342
Published ON
Nov, 2021
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