The global bioresorbable polymer market is anticipated to
reach USD 2.26 billion by 2025, according to a new report by Grand View
Research, Inc. The growing demand in the medical sector, owing to its
hydrolytically degrading property in the body is projected to increase the
global market growth.
The increasing health awareness, improving healthcare
facilities worldwide and growing surgery procedures across the globe will have
a positive impact on the bioresorbable polymers industry growth in the
overcoming years.
The increasing product demand for drug delivery application
is another key factor for market development over the forecast period. The
harmless decomposition and its chemically neutral nature in the body make them
suitable for drug delivery segment.
The PLA-based product demand exceeded 89 tons in 2015, which
is projected to remain as the largest and fastest growing segment over the
upcoming years. The PLA market is growing dramatically in the pharmaceutical
sector owing to its distinctive feature of being biodegradable and
biocompatible.
Browse full research report on Bioresorbable Polymers
Market: http://www.grandviewresearch.com/industry-analysis/bioresorbable-polymers-market
Further Key Findings from the Study Suggest:
- The
global bioresorbable polymers demand was over 298 tons in 2015 and is
expected to grow at an estimated CAGR of 14.3% over the projected period
- The
PCL-based product market accounted for over 13% of the total revenue in
2015
- Orthopedics
was the leading application segment with demand exceeding 45% in 2015
- The
bioresorbable polymer market in drug delivery application is estimated to
have the highest growth at a CAGR of over 14% from 2016 to 2025
- The
U.S. polyglycolic acid product market generated revenue worth of USD 31.5
million in 2015 and is expected to reach a total revenue of over USD 110
million by 2025
- Polysaccharides
demand in Europe is estimated to exceed a total revenue of USD 470 million
by the end of forecast period
- Factors
such as changing consumption patterns, technological advancements, and
rising government initiatives, are anticipated to influence the market in
the overcoming years
- Influential
companies operating in this market include Carbion NV, Evonik Industries
AG, Poly-Med, Inc., Foster Corporation and KLS Martin Group
- Evonik
and Carbion dominated the global market together accounting for over 50%
of the total revenue in 2015
Grand View Research has segmented the bioresorbable polymer
market on the basis of product, application and region:
Bioresorbable Polymers Product Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
- Polysaccharides
- Proteins
- Polylactic
acid
- Polyglycolic
acid
- Polycaprolactone
- Others
Bioresorbable Polymers Application Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
- Drug
Delivery
- Orthopedics
- Others
Bioresorbable Polymers Regional Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
- North
America
- U.S
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Asia
Pacific
- China
- India
- Japan
- Middle
East and Africa
- Central
& South America
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-bioresorbable-polymers-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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