Bioresorbable Polymers Market

Bioresorbable Polymers Market worth $1.6 billion by 2026

The report "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", is projected to reach USD 1.6 billion by 2026, at a CAGR of 10.0% from USD 1.0 billion in 2021.

Browse 228 market data Tables and 53 Figures spread through 223 Pages and in-depth TOC on "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"
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Bioresorbable polymers are biodegradable polymers generally used to make implants and excipients in drug delivery systems. These get safely absorbed by the body and disappear over a period. It works on the concept of bioresorption, where there is a complete elimination of the material or product without leaving any residual effects. The growth of the bioresorbable polymers market is attributed to increasing number of surgical interventions, growing demand for biocompatible medical devices, growing demand in the drug delivery application, and favorable reimbursement scenario. The growing demand for patient-friendly drugs, which do not cause any ill-health and are easily resorbed inside the body, is increasing the demand for resorbable polymer. The demand for bioresorbable polymers has been increasing at a good pace from its current applications such as orthopedics and drug delivery.

“PLA is estimated to be the largest type in the bioresorbable polymers market in 2020”

Properties like high performance and high resistance to environmental conditions are driving the market for PLA. It is mainly used in orthopedic devices. The orthopedic screws, pins, and plates are the major devices made from PLA-based polymers. Apart from excellent biodegradability, its processability is a key factor for its use in orthopedic devices.

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

Orthopedic devices is the largest application for resorbable polymers. In this application, bioresorbable polymers are used during surgery. Bioresorbable polymers are used to make sutures, screws, stents, and pins. These devices help in the fixation of broken bones. The major benefit of using resorbable polymer-based implants is that they do not require an additional surgery for their removal, and unlike metal-based implants, these products do not 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. Growth in the North American market is attributed to the increasing prevalence of chronic diseases in the region. According to an NCBI study, chronic diseases affect around 50% of the total US population every year. It also estimated that chronic diseases accounted for ~86% of all healthcare costs in the US.

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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Bioresorbable Polymers Market Size,  Share & Growth Report
Report Code
CH 4342
PR Published ON
11/19/2021
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