Bioresorbable Polymers Market

Bioresorbable Polymers Market by Type (Polylactic acid (PLA), Polyglycolic acid (PGA), Polylactic-co-glycolic acid (PLGA), Polycaprolactone(PCL)), application (orthopedic devices, drug delivery), and Region - Global Forecast to 2027

Report Code: CH 4342 Jan, 2023, by marketsandmarkets.com

The bioresorbable polymers market size is estimated to be USD 417 million in 2022 and is projected to reach USD 688 million by 2027, at a CAGR of 10.5% between 2022 and 2027. An opportunity in the resorbable polymers market is increasing use of electrospinning and 3-D printing technologies to create microstructures and nanomaterials that facilitate tissue development.  Factors like demand in the drug delivery application, increasing demand for biocompatible medical devices, shooting number of surgical interventions, and favorable reimbursement scenario are the major drivers in this bioresorbable market. Stringent rules for medical devices and requirement of skilled personnel for the use of bioresorbable medical products remains the major challenges of this market. North America is the largest market for bioresorbable polymers, globally, in terms of value. APAC is the fastest-growing region in the bioresorbable polymers market.

Attractive Opportunities in the Bioresorbable Polymers Market

Bioresorbable Polymers Market

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Market Dynamics

Driver: Favourable reimbursement scenario

The favorable reimbursement scenario for several surgical procedures is a key factor driving the growth of the bioresorbable polymers market. The global surgical package, for example, is offered by the US CMS and is aimed at providing payments for allsurgical procedures (preoperative, intraoperative, and postoperative) performed by surgeons for US citizens. Thus, the increasing number of surgical procedures due to improving insurance coverage is expected to drive the growth of the bioresorbable polymers market in the coming years.

Restraints: Cost higher than that of conventional polymers

Bioresorbable polymers are costlier than degradable and other polymers, a significant restraint for the bioresorbable polymers market. The market projects a higher growth rate; however, the market size is smaller than that of conventional polymers. Therefore, the manufacturers of conventional polymers experience economies of scale for their production process, while bioresorbable polymers are produced in minimal quantities. Hence, the production cost is higher, increasing the final product demand. However, bioresorbable polymers offers one-time solution and thereby better quality services. This can reduce the effect of higher cost of these polymers in the long run.

Challenges: Need of proficient personnel for the effective use of bioresorbable medical products

The technology landscape and application of bioresorbable based medical products are progressing rapidly, owing to advancements in this field. This call for physicians and other healthcare service providers to gain the skills to handle bioresorbable based medical products. Therefore, medical surgeons and physicians from helathcare services are unwilling to use advanced bioresorbable medical products for wound closure.

Bioresorbable Polymers Market Ecosystem

Bioresorbable Polymers Market Ecosystem

“Polylactic Acid (PLA) is estimated to be the largest type in the bioresorbable polymers   market in 2021.”

PLA is one of the most commercially successful biopolymers, mainly due to its good processability and mechanical strength. PLA is biodegradable, recyclable, compostable, non-toxic, and metabolized by the organism itself. It has various advantages over other polymers, such as better thermal processability, and it can be processed through numerous molding procedures. PLLA and PDLLA are the key subtypes of PLA.

“Orthopedic devices was the largest application for bioresorbable polymers  market in 2021”

Orthopedics is the largest application for resorbable polymers. The high growth in this application is attributed to the increasing prevalence of orthopedic disorders; increasing per capita income leading to improving standard of living, increasing healthcare spending, growing demand for better quality medical care, and the rising awareness about bioresorbable stents in several countries, across the globe.

“North America is estimated to be the largest region in bioresorbable polymers market in 2021.”

North America was the largest bioresorbable polymers market, in terms of value, in 2021 followed by Europe and APAC. The strong presence of medical device manufacturers, along with high spending on healthcare, is driving the market in the region. The spending power of the population is another macro-economic factor for the rise in demand for bioresorbable polymer-based medical devices.

Bioresorbable Polymers Market by Region

APAC is projected to be the fastest growing bioresorbable polymers market during the forecast period, in terms of value

The APAC market is projected to witness the highest CAGR during the forecast period. The high growth in this market is attributed to the increasing prevalence of chronic diseases; increasing per capita income leading to improving standard of living, increasing healthcare spending, growing demand for better quality medical care, and the rising awareness about bioresorbable products in several APAC countries.

Bioresorbable Polymers Market by Region

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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), Ashland Global Holdings Inc. (US), Zeus Industrial Products(US), 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

2017-2027

Base Year

2021

Forecast period

2022–2027

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:
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 STUDY OBJECTIVES 
    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
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS 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 IMPACT OF RECESSION 
    2.6 FACTOR ANALYSIS 
    2.7 RESEARCH ASSUMPTIONS 
    2.8 RESEARCH LIMITATIONS 
    2.9 RISK ASSESSMENT 
          TABLE 1 BIORESORBABLE POLYMERS MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 50)
    FIGURE 8 PLA TO BE LARGEST TYPE OF BIORESORBABLE POLYMER DURING FORECAST PERIOD
    FIGURE 9 DRUG DELIVERY TO BE FASTEST-GROWING APPLICATION OF BIORESORBABLE POLYMERS DURING FORECAST PERIOD
    FIGURE 10 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF BIORESORBABLE POLYMERS MARKET IN 2021
 
4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN BIORESORBABLE POLYMERS MARKET 
          FIGURE 11 HIGH GROWTH EXPECTED IN EMERGING ECONOMIES DURING FORECAST PERIOD
    4.2 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION 
          FIGURE 12 NORTH AMERICA TO BE LARGEST BIORESORBABLE POLYMERS MARKET DURING FORECAST PERIOD
    4.3 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET,  BY TYPE AND COUNTRY 
          FIGURE 13 US ACCOUNTED FOR LARGEST SHARE OF MARKET IN NORTH AMERICA
    4.4 BIORESORBABLE POLYMERS MARKET SIZE,  BY APPLICATION AND REGION 
          FIGURE 14 ORTHOPEDIC DEVICES TO DOMINATE BIORESORBABLE POLYMERS MARKET
    4.5 BIORESORBABLE POLYMERS MARKET ATTRACTIVENESS 
          FIGURE 15 INDIA TO BE FASTEST-GROWING BIORESORBABLE POLYMERS MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN  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 EUROPE, US, AND JAPAN,  2000–2017 (USD MILLION)
                    5.2.1.4 Favorable reimbursement scenario
                                TABLE 2 TOTAL HEALTH EXPENDITURE, BY COUNTRY, 2014–2018 (% OF GDP)
           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 emerging economies
           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 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 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE TYPES
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TYPES (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 20 KEY BUYING CRITERIA FOR TOP THREE TYPES
                    TABLE 5 KEY BUYING CRITERIA FOR TOP THREE TYPES
    5.5 MACROECONOMIC INDICATORS 
           5.5.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
                    TABLE 6 GDP TRENDS AND FORECAST, BY MAJOR ECONOMY, 2019–2027 (USD BILLION)
    5.6 SUPPLY CHAIN ANALYSIS 
          FIGURE 21 SUPPLY CHAIN OF BIORESORBABLE POLYMERS MARKET
           5.6.1 RAW MATERIALS
           5.6.2 MANUFACTURING
           5.6.3 DISTRIBUTION
           5.6.4 END-USE INDUSTRIES
    5.7 BIORESORBABLE POLYMERS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS 
          FIGURE 22 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND  NON-COVID-19 SCENARIOS
          TABLE 7 BIORESORBABLE POLYMERS MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
           5.7.1 NON-COVID-19 SCENARIO
           5.7.2 OPTIMISTIC SCENARIO
           5.7.3 PESSIMISTIC SCENARIO
           5.7.4 REALISTIC SCENARIO
    5.8 PRICING ANALYSIS 
           5.8.1 AVERAGE SELLING PRICE, BY APPLICATION (KEY PLAYERS)
                    FIGURE 23 AVERAGE SELLING PRICE FOR TOP APPLICATIONS, BY KEY PLAYERS
                    TABLE 8 AVERAGE SELLING PRICE FOR TOP THREE APPLICATIONS, BY KEY PLAYERS (USD/KG)
           5.8.2 AVERAGE SELLING PRICE, BY REGION
                    TABLE 9 AVERAGE SELLING PRICE OF BIORESORBABLE POLYMERS, BY REGION, (USD/KG)
                    FIGURE 24 AVERAGE SELLING PRICE OF BIORESORBABLE POLYMERS,  BY REGION, 2020–2027 (USD/KG)
    5.9 PATENT ANALYSIS 
           5.9.1 INTRODUCTION
           5.9.2 APPROACH
           5.9.3 DOCUMENT TYPE
                    TABLE 10 GRANTED PATENTS ACCOUNT FOR 19% OF ALL PATENTS BETWEEN 2010 AND 2020
                    FIGURE 25 PATENTS REGISTERED FOR BIORESORBABLE POLYMERS, 2010–2020
                    FIGURE 26 PATENT PUBLICATION TRENDS FOR BIORESORBABLE POLYMERS, 2010–2020
           5.9.4 INSIGHTS
           5.9.5 LEGAL STATUS OF PATENTS
                    FIGURE 27 LEGAL STATUS OF BIORESORBABLE POLYMERS PATENTS
           5.9.6 JURISDICTION ANALYSIS
                    FIGURE 28 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA
           5.9.7 TOP APPLICANTS
                     FIGURE 29 TORAY INDUSTRIES, INC. REGISTERED HIGHEST NUMBER OF PATENTS BETWEEN 2010 AND 2020
                     TABLE 11 TOP 10 PATENT OWNERS IN THE US, 2010–2020
    5.10 TRADE DATA 
           5.10.1 IMPORT SCENARIO OF BIORESORBABLE POLYMERS
                     FIGURE 30 BIORESORBABLE POLYMER IMPORTS, BY KEY COUNTRIES, 2017–2020
                     TABLE 12 BIORESORBABLE POLYMER IMPORTS, BY REGION, 2017–2020 (USD THOUSAND)
           5.10.2 EXPORT SCENARIO OF BIORESORBABLE POLYMERS
                     FIGURE 31 BIORESORBABLE POLYMER EXPORTS, BY KEY COUNTRIES, 2017–2020
                     TABLE 13 BIORESORBABLE POLYMER EXPORTS, BY REGION, 2017–2020 (USD THOUSAND)
    5.11 TECHNOLOGY ANALYSIS 
    5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 32 REVENUE SHIFT FOR BIORESORBABLE POLYMERS MARKET
    5.13 ECOSYSTEM/MARKET MAP 
           FIGURE 33 BIORESORBABLE POLYMERS MARKET: ECOSYSTEM
           TABLE 14 BIORESORBABLE POLYMERS MARKET: ECOSYSTEM
    5.14 CASE STUDIES 
           5.14.1 CASE STUDY ON RESOMER BIORESORBABLE POLYMER USED IN BREAST IMPLANT TECHNOLOGY
           5.14.2 CASE STUDY ON EXPANSORB PLA ORTHOPEDIC SCREWS
    5.15 TARIFF AND REGULATORY LANDSCAPE 
           TABLE 15 INDICATIVE LIST OF REGULATORY AUTHORITIES GOVERNING BIORESORBABLE MEDICAL DEVICES
           5.15.1 NORTH AMERICA
                    5.15.1.1 US
                                 TABLE 16 US FDA: MEDICAL DEVICE CLASSIFICATION
                                 TABLE 17 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
                    5.15.1.2 Canada
                                 TABLE 18 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
           5.15.2 EUROPE
           5.15.3 ASIA PACIFIC
                    5.15.3.1 Japan
                                 TABLE 19 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
                    5.15.3.2 China
                                 TABLE 20 NMPA MEDICAL DEVICES CLASSIFICATION
                    5.15.3.3 India
                                 TABLE 21 INDIA: CLASSIFICATION OF BIORESORBABLE PRODUCTS FOR SURGERY
    5.16 KEY CONFERENCES & EVENTS, 2022–2023 
           TABLE 22 BIORESORBABLE POLYMERS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
 
6 BIORESORBABLE POLYMERS MARKET, BY TYPE (Page No. - 88)
    6.1 INTRODUCTION 
          FIGURE 34 PLGA TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
          TABLE 23 BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 24 BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
          TABLE 25 BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2017–2020 (TON)
          TABLE 26 BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2021–2027 (TON)
    6.2 POLYLACTIC ACID (PLA) 
           6.2.1 DEMAND FROM ORTHOPEDIC DEVICES TO DRIVE MARKET
                    FIGURE 35 ASIA PACIFIC TO BE FASTEST-GROWING BIORESORBABLE POLYMERS MARKET FOR PLA
                    TABLE 27 PLA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 28 PLA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 29 PLA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2017–2020 (TON)
                    TABLE 30 PLA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2021–2027 (TON)
    6.3 POLYGLYCOLIC ACID (PGA) 
           6.3.1 DEMAND FROM SUTURES AND OTHER MEDICAL IMPLANTS TO DRIVE MARKET
                    FIGURE 36 NORTH AMERICA TO BE LARGEST PGA-BASED BIORESORBABLE POLYMERS MARKET DURING FORECAST PERIOD
                    TABLE 31 PGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 32 PGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 33 PGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2017–2020 (TON)
                    TABLE 34 PGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2021–2027 (TON)
    6.4 POLY (LACTIC-CO-GLYCOLIC ACID) (PLGA) 
           6.4.1 BIOCOMPATIBILITY AND BIODEGRADABILITY OF PLGA TO DRIVE MARKET
                    FIGURE 37 ASIA PACIFIC TO BE FASTEST-GROWING PLGA-BASED BIORESORBABLE POLYMERS MARKET DURING FORECAST PERIOD
                    TABLE 35 PLGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 36 PLGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 37 PLGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2017–2020 (TON)
                    TABLE 38 PLGA-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (TON)
    6.5 POLYCAPROLACTONE (PCL) 
           6.5.1 DEMAND FROM CONTROL DRUG RELEASE SYSTEMS TO DRIVE MARKET
                    FIGURE 38 EUROPE TO BE SECOND-LARGEST MARKET FOR PCL-BASED BIORESORBABLE POLYMERS BETWEEN 2022 AND 2027
                    TABLE 39 PCL-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 40 PCL-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 41 PCL-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2017–2020 (TON)
                    TABLE 42 PCL-BASED BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (TON)
    6.6 OTHERS 
          FIGURE 39 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR OTHER BIORESORBABLE POLYMERS DURING FORECAST PERIOD
          TABLE 43 OTHER BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 44 OTHER BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
          TABLE 45 OTHER BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2017–2020 (TON)
          TABLE 46 OTHER BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (TON)
 
7 BIORESORBABLE POLYMERS MARKET, BY APPLICATION (Page No. - 102)
    7.1 INTRODUCTION 
          FIGURE 40 ORTHOPEDIC DEVICES TO BE LARGEST APPLICATION OF BIORESORBABLE POLYMERS DURING FORECAST PERIOD
          TABLE 47 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
          TABLE 48 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
          TABLE 49 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2017–2020 (TON)
          TABLE 50 BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
    7.2 ORTHOPEDIC DEVICES 
           7.2.1 HIGH CONSUMPTION IN NORTH AMERICA AND EUROPE TO DRIVE MARKET
                    FIGURE 41 NORTH AMERICA TO BE LARGEST BIORESORBABLE POLYMERS MARKET FOR ORTHOPEDIC DEVICES APPLICATION
                    TABLE 51 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 52 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 53 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES, BY REGION, 2017–2020 (TON)
                    TABLE 54 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES, BY REGION, 2021–2027 (TON)
                    TABLE 55 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES,  BY SUB-APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 56 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES,  BY SUB-APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 57 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES,  BY SUB-APPLICATION, 2017–2020 (TON)
                    TABLE 58 BIORESORBABLE POLYMERS MARKET SIZE IN ORTHOPEDIC DEVICES,  BY SUB-APPLICATION, 2021–2027 (TON)
    7.3 DRUG DELIVERY 
           7.3.1 HIGH DEMAND FOR ORAL CAPSULES TO DRIVE MARKET
                    FIGURE 42 NORTH AMERICA TO BE LARGEST BIORESORBABLE POLYMERS MARKET IN DRUG DELIVERY APPLICATION
                    TABLE 59 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 60 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 61 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY REGION, 2017–2020 (TON)
                    TABLE 62 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY REGION, 2021–2027 (TON)
                    TABLE 63 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY SUB-APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 64 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY SUB-APPLICATION, 2021–2027 (USD MILLION)
                    TABLE 65 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY SUB-APPLICATION, 2017–2020 (TON)
                    TABLE 66 BIORESORBABLE POLYMERS MARKET SIZE IN DRUG DELIVERY, BY SUB-APPLICATION, 2021–2027 (TON)
    7.4 OTHERS 
          FIGURE 43 EUROPE TO BE SECOND-LARGEST BIORESORBABLE POLYMERS MARKET IN OTHER APPLICATIONS
          TABLE 67 BIORESORBABLE POLYMERS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
          TABLE 68 BIORESORBABLE POLYMERS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2021–2027 (USD MILLION)
          TABLE 69 BIORESORBABLE POLYMERS MARKET SIZE IN OTHER APPLICATIONS, BY REGION,  2017–2020 (TON)
          TABLE 70 BIORESORBABLE POLYMERS MARKET SIZE IN OTHER APPLICATIONS, BY REGION,  2021–2027 (TON)
 
8 BIORESORBABLE POLYMERS MARKET, BY REGION (Page No. - 115)
    8.1 INTRODUCTION 
          FIGURE 44 ASIA PACIFIC TO BE FASTEST-GROWING BIORESORBABLE POLYMERS MARKET DURING FORECAST PERIOD
          TABLE 71 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 72 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
          TABLE 73 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2017–2020 (TON)
          TABLE 74 BIORESORBABLE POLYMERS MARKET SIZE, BY REGION, 2021–2027 (TON)
    8.2 NORTH AMERICA 
          FIGURE 45 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SNAPSHOT
           8.2.1 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 75 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 76 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2021–2027 (USD MILLION)
                    TABLE 77 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2017–2020 (TON)
                    TABLE 78 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2021–2027 (TON)
           8.2.2 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET,  BY APPLICATION
                    TABLE 79 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 80 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                    TABLE 81 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                    TABLE 82 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
           8.2.3 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET,  BY COUNTRY
                    TABLE 83 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 84 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
                    TABLE 85 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2017–2020 (TON)
                    TABLE 86 NORTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2021–2027 (TON)
                    8.2.3.1 US
                               8.2.3.1.1 Growth of orthopedic devices and drug delivery applications to drive market
                                              TABLE 87 US: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 88 US: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 89 US: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2017–2020 (TON)
                                              TABLE 90 US: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
                    8.2.3.2 Canada
                               8.2.3.2.1 Rise in geriatric population to boost demand
                                              TABLE 91 CANADA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 92 CANADA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 93 CANADA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 94 CANADA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.2.3.3 Mexico
                               8.2.3.3.1 Rising medical tourism to propel market growth
                                              TABLE 95 MEXICO: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 96 MEXICO: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 97 MEXICO: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2017–2020 (TON)
                                              TABLE 98 MEXICO: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
    8.3 ASIA PACIFIC 
          FIGURE 46 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SNAPSHOT
           8.3.1 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 99 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2017–2020 (USD MILLION)
                    TABLE 100 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2021–2027 (USD MILLION)
                    TABLE 101 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2017–2020 (TON)
                    TABLE 102 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2021–2027 (TON)
           8.3.2 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET,  BY APPLICATION
                    TABLE 103 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 104 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                    TABLE 105 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                    TABLE 106 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
           8.3.3 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET, BY COUNTRY
                    TABLE 107 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 108 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
                    TABLE 109 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2017–2020 (TON)
                    TABLE 110 ASIA PACIFIC: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2021–2027 (TON)
                    8.3.3.1 China
                               8.3.3.1.1 Economic growth to be major driver for market
                                              TABLE 111 CHINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 112 CHINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 113 CHINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 114 CHINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.3.3.2 Japan
                               8.3.3.2.1 Rapidly aging population to drive market
                                              TABLE 115 JAPAN: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 116 JAPAN: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 117 JAPAN: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 118 JAPAN: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.3.3.3 India
                               8.3.3.3.1 Growing pharmaceutical and medical industries to drive market
                                              TABLE 119 INDIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 120 INDIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 121 INDIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 122 INDIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.3.3.4 South Korea
                               8.3.3.4.1 Increasing access to healthcare facilities to drive market
                                              TABLE 123 SOUTH KOREA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 124 SOUTH KOREA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 125 SOUTH KOREA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 126 SOUTH KOREA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
    8.4 EUROPE 
          FIGURE 47 EUROPE: BIORESORBABLE POLYMERS MARKET SNAPSHOT
           8.4.1 EUROPE: BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 127 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2017–2020 (USD MILLION)
                    TABLE 128 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2021–2027 (USD MILLION)
                    TABLE 129 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2017–2020 (TON)
                    TABLE 130 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE, 2021–2027 (TON)
           8.4.2 EUROPE: BIORESORBABLE POLYMERS MARKET, BY APPLICATION
                    TABLE 131 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 132 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                    TABLE 133 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                    TABLE 134 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
           8.4.3 EUROPE BIORESORBABLE POLYMERS MARKET, BY COUNTRY
                    TABLE 135 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 136 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
                    TABLE 137 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (TON)
                    TABLE 138 EUROPE: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY, 2021–2027 (TON)
                    8.4.3.1 Germany
                               8.4.3.1.1 Rising government investments offer opportunities for market growth
                                              TABLE 139 GERMANY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 140 GERMANY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 141 GERMANY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 142 GERMANY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.4.3.2 UK
                               8.4.3.2.1 Increase in healthcare expenditure to be major driver of market
                                              TABLE 143 UK: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 144 UK: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 145 UK: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 146 UK: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.4.3.3 Italy
                               8.4.3.3.1 Growth in overall economy propelling market
                                              TABLE 147 ITALY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 148 ITALY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 149 ITALY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 150 ITALY: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.4.3.4 France
                               8.4.3.4.1 Well-established healthcare system to drive demand
                                              TABLE 151 FRANCE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 152 FRANCE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 153 FRANCE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 154 FRANCE: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.4.3.5 Russia
                               8.4.3.5.1 Orthopedics, healthcare, and pharmaceutical segments contribute significantly to market growth
                                              TABLE 155 RUSSIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 156 RUSSIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 157 RUSSIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 158 RUSSIA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
    8.5 MIDDLE EAST & AFRICA 
           8.5.1 MIDDLE EAST & AFRICA BIORESORBABLE POLYMERS MARKET,  BY TYPE
                    TABLE 159 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2017–2020 (USD MILLION)
                    TABLE 160 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2021–2027 (USD MILLION)
                    TABLE 161 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2017–2020 (TON)
                    TABLE 162 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2021–2027 (TON)
           8.5.2 MIDDLE EAST & AFRICA BIORESORBABLE POLYMERS MARKET,  BY APPLICATION
                    TABLE 163 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 164 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                    TABLE 165 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                    TABLE 166 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION, 2021–2027 (TON)
           8.5.3 MIDDLE EAST & AFRICA BIORESORBABLE POLYMERS MARKET,  BY REGION
                    TABLE 167 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 168 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 169 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2017–2020 (TON)
                    TABLE 170 MIDDLE EAST & AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY REGION,  2021–2027 (TON)
                    8.5.3.1 Middle East
                               8.5.3.1.1 Improving healthcare infrastructure to drive market
                                              TABLE 171 MIDDLE EAST: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 172 MIDDLE EAST: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 173 MIDDLE EAST: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 174 MIDDLE EAST: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.5.3.2 Africa
                               8.5.3.2.1 South Africa to remain largest bioresorbable polymers market in Africa
                                              TABLE 175 AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 176 AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 177 AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 178 AFRICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
    8.6 SOUTH AMERICA 
           8.6.1 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET, BY TYPE
                    TABLE 179 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2017–2020 (USD MILLION)
                    TABLE 180 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2021–2027 (USD MILLION)
                    TABLE 181 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2017–2020 (TON)
                    TABLE 182 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY TYPE,  2021–2027 (TON)
           8.6.2 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET,  BY APPLICATION
                    TABLE 183 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                    TABLE 184 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                    TABLE 185 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                    TABLE 186 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
           8.6.3 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET,  BY COUNTRY
                    TABLE 187 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
                    TABLE 188 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
                    TABLE 189 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2017–2020 (TON)
                    TABLE 190 SOUTH AMERICA: BIORESORBABLE POLYMERS MARKET SIZE, BY COUNTRY,  2021–2027 (TON)
                    8.6.3.1 Brazil
                               8.6.3.1.1 Brazil to remain largest bioresorbable polymers market in South America
                                              TABLE 191 BRAZIL: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 192 BRAZIL: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 193 BRAZIL: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 194 BRAZIL: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
                    8.6.3.2 Argentina
                               8.6.3.2.1 Growth in pharmaceutical industry to drive market
                                              TABLE 195 ARGENTINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (USD MILLION)
                                              TABLE 196 ARGENTINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (USD MILLION)
                                              TABLE 197 ARGENTINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2017–2020 (TON)
                                              TABLE 198 ARGENTINA: BIORESORBABLE POLYMERS MARKET SIZE, BY APPLICATION,  2021–2027 (TON)
 
9 COMPETITIVE LANDSCAPE (Page No. - 166)
    9.1 INTRODUCTION 
    9.2 STRATEGIES ADOPTED BY KEY PLAYERS 
           9.2.1 OVERVIEW OF STRATEGIES ADOPTED BY BIORESORBABLE POLYMER MANUFACTURERS
    9.3 MARKET SHARE ANALYSIS 
           9.3.1 RANKING OF KEY MARKET PLAYERS
                    FIGURE 48 RANKING OF TOP FIVE PLAYERS IN BIORESORBABLE POLYMERS MARKET, 2021
           9.3.2 MARKET SHARE OF KEY PLAYERS, 2021
                    TABLE 199 BIORESORBABLE POLYMERS MARKET: DEGREE OF COMPETITION
                    FIGURE 49 BIORESORBABLE POLYMERS MARKET SHARE, BY COMPANY (2021)
                    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, 2017–2021
                    FIGURE 50 REVENUE ANALYSIS OF KEY COMPANIES IN LAST FIVE YEARS
    9.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 
          FIGURE 51 BIORESORBABLE POLYMERS MARKET: COMPANY PRODUCT FOOTPRINT
          TABLE 200 BIORESORBABLE POLYMERS MARKET: TYPE FOOTPRINT
          TABLE 201 BIORESORBABLE POLYMERS MARKET: APPLICATION FOOTPRINT
          TABLE 202 BIORESORBABLE POLYMERS MARKET: COMPANY REGION FOOTPRINT
    9.5 COMPANY EVALUATION QUADRANT (TIER 1) 
           9.5.1 STARS
           9.5.2 EMERGING LEADERS
           9.5.3 PERVASIVE COMPANIES
           9.5.4 PARTICIPANTS
                    FIGURE 52 BIORESORBABLE POLYMERS MARKET: COMPANY EVALUATION QUADRANT, 2021
    9.6 COMPETITIVE BENCHMARKING 
          TABLE 203 BIORESORBABLE POLYMERS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
          TABLE 204 BIORESORBABLE POLYMERS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
    9.7 START-UP/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 
           9.7.1 RESPONSIVE COMPANIES
           9.7.2 STARTING BLOCKS
           9.7.3 PROGRESSIVE COMPANIES
                    FIGURE 53 START-UP/SMES EVALUATION QUADRANT FOR BIORESORBABLE POLYMERS MARKET
    9.8 COMPETITIVE SITUATION AND TRENDS 
           9.8.1 DEALS
                    TABLE 205 BIORESORBABLE POLYMERS MARKET: DEALS (2018 TO 2021)
           9.8.2 OTHER DEVELOPMENTS
                    TABLE 206 BIORESORBABLE POLYMERS MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2020 TO 2021)
 
10 COMPANY PROFILES (Page No. - 180)
     10.1 MAJOR PLAYERS 
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)*
             10.1.1 CORBION N.V.
                        TABLE 207 CORBION N.V.: COMPANY OVERVIEW
                        FIGURE 54 CORBION N.V.: COMPANY SNAPSHOT
                        TABLE 208 CORBION N.V.: DEALS
             10.1.2 EVONIK INDUSTRIES AG
                        TABLE 209 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
                        FIGURE 55 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
                        TABLE 210 EVONIK INDUSTRIES AG: DEALS
             10.1.3 FOSTER CORPORATION
                        TABLE 211 FOSTER CORPORATION: COMPANY OVERVIEW
                        TABLE 212 FOSTER CORPORATION: DEALS
             10.1.4 KLS MARTIN GROUP
                        TABLE 213 KLS MARTIN GROUP: COMPANY OVERVIEW
             10.1.5 DSM BIOMEDICAL, INC.
                        TABLE 214 DSM BIOMEDICAL, INC.: COMPANY OVERVIEW
                        TABLE 215 DSM BIOMEDICAL, INC.: DEALS
             10.1.6 ASHLAND GLOBAL HOLDINGS INC.
                        TABLE 216 ASHLAND GLOBAL HOLDINGS INC.: COMPANY OVERVIEW
                        FIGURE 56 ASHLAND GLOBAL HOLDINGS INC.: COMPANY SNAPSHOT
                        TABLE 217 ASHLAND GLOBAL HOLDINGS INC.: DEALS
                        TABLE 218 ASHLAND GLOBAL HOLDINGS INC.: OTHER DEVELOPMENTS
             10.1.7 ZEUS INDUSTRIAL PRODUCTS, INC.
                        TABLE 219 ZEUS INDUSTRIAL PRODUCTS, INC.: COMPANY OVERVIEW
                        TABLE 220 ZEUS INDUSTRIAL PRODUCTS, INC.: DEALS
             10.1.8 SEQENS GROUP
                        TABLE 221 SEQENS GROUP: COMPANY OVERVIEW
                        TABLE 222 SEQENS GROUP: DEALS
             10.1.9 REVA MEDICAL, LLC
                        TABLE 223 REVA MEDICAL, LLC: COMPANY OVERVIEW
             10.1.10 POLY-MED INCORPORATED.
                        TABLE 224 POLY-MED INCORPORATED: COMPANY OVERVIEW
                        TABLE 225 POLY-MED INCORPORATED: OTHER DEVELOPMENTS
     10.2 STARTUPS AND SMES 
             10.2.1 BEZWADA BIOMEDICAL, LLC
                        TABLE 226 BEZWADA BIOMEDICAL, LLC: COMPANY OVERVIEW
             10.2.2 NOMISMA HEALTHCARE PVT. LTD
                        TABLE 227 NOMISMA HEALTHCARE PVT. LTD: COMPANY OVERVIEW
             10.2.3 BMG INCORPORATED
                        TABLE 228 BMG INCORPORATED: COMPANY OVERVIEW
             10.2.4 POLYSCIENCES, INC.
                        TABLE 229 POLYSCIENCES, INC.: COMPANY OVERVIEW
             10.2.5 HUIZHOU FORYOU MEDICAL DEVICES CO., LTD.
                        TABLE 230 HUIZHOU FORYOU MEDICAL DEVICES CO., LTD.: COMPANY OVERVIEW
             10.2.6 MUSASHINO CHEMICAL LABORATORY, LTD.
                        TABLE 231 MUSASHINO CHEMICAL LABORATORY, LTD.: COMPANY OVERVIEW
             10.2.7 HENAN XINGHAN BIOTECHNOLOGY CO. LTD.
                        TABLE 232 HENAN XINGHAN BIOTECHNOLOGY CO. LTD.: COMPANY OVERVIEW
 
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies
 
11 ADJACENT & RELATED MARKETS (Page No. - 210)
     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 233 BIOSURGERY MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
             11.4.1 NORTH AMERICA
                        11.4.1.1 By country
                                      TABLE 234 NORTH AMERICA: BIOSURGERY MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                        11.4.1.2 By application
                                      TABLE 235 NORTH AMERICA: BIOSURGERY MARKET SIZE, BY APPLICATION,  2019–2026 (USD MILLION)
                        11.4.1.3 By end user
                                      TABLE 236 NORTH AMERICA: BIOSURGERY MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
             11.4.2 EUROPE
                        11.4.2.1 By country
                                      TABLE 237 EUROPE: BIOSURGERY MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                        11.4.2.2 By application
                                      TABLE 238 EUROPE: BIOSURGERY MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                        11.4.2.3 By end user
                                      TABLE 239 EUROPE: BIOSURGERY MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
             11.4.3 ASIA PACIFIC
                        11.4.3.1 By country
                                      TABLE 240 ASIA PACIFIC: BIOSURGERY MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                        11.4.3.2 By application
                                      TABLE 241 ASIA PACIFIC: BIOSURGERY MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                        11.4.3.3 By end user
                                      TABLE 242 ASIA PACIFIC: BIOSURGERY MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
             11.4.4 LATIN AMERICA
                        11.4.4.1 By country
                                      TABLE 243 LATIN AMERICA: BIOSURGERY MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                        11.4.4.2 By application
                                      TABLE 244 LATIN AMERICA: BIOSURGERY MARKET SIZE, BY APPLICATION,  2019–2026 (USD MILLION)
                        11.4.4.3 By end user
                                      TABLE 245 LATIN AMERICA: BIOSURGERY MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
             11.4.5 MIDDLE EAST & AFRICA
                        11.4.5.1 By application
                                      TABLE 246 MIDDLE EAST AND AFRICA: BIOSURGERY MARKET SIZE, BY APPLICATION,  2019–2026 (USD MILLION)
                        11.4.5.2 By end user
                                      TABLE 247 MIDDLE EAST AND AFRICA: BIOSURGERY MARKET SIZE, BY END USER,  2019–2026 (USD MILLION)
 
12 APPENDIX (Page No. - 219)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     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

Notes: Tiers of companies are based on their annual revenues as Tier 1: > USD 5 billion; Tier 2: USD 1 billion–USD 5 billion; and Tier 3: < USD 1 billion.

Other designations include sales managers, marketing managers, and product managers.

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)
Report Code
CH 4342
Published ON
Jan, 2023
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