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
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
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
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.
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