The global bioresorbablepolymer 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 report by Grand View
Research : 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: https://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
o U.S
o Canada
o Mexico
·
Europe
o Germany
o UK
o France
o Italy
·
Asia Pacific
o China
o India
o Japan
·
Middle East and Africa
·
Central & South America
View press
release of this research report by Grand View Research: https://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.
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