Global Resorbable
(Bioresorbable) Polymers Market Overview
Global Bioresorbable polymers market is projected to reach USD 1.5 billion by 2024, growing
at a CAGR of over 14% during the forecast period. Bioresorbable polymers are a ground-breaking
technological material that can be broken down by the body and do not require
mechanical removal. These materials have applications in a broad range of
medical indications, such as coronary & peripheral vascular scaffolds,
tissue fixation screws and sutures. Some of the factors fueling global resorbable polymers market are patient-friendliness, growing demand in
drug delivery application and cost-effectiveness. However, the market is
restrained by the lack of quality control in some developing countries and high
price of bioresorbable polymers.
Global Resorbable
(Bioresorbable) Polymers Market Segmentation
Market
has been categorized into type, application and regional distribution. Based on
type, the market has been segmented into agro-polymers and biopolyesters. The
market is dominated by biopolyesters type segment, owing to high resistance to
poor environmental conditions and their enhanced quality. The biopolyesters
segment is also anticipated to emerge as the fastest-growing segment in global bioresorbable
polymers market during the forecast period.
Based
on application, the market has been segmented into orthopedics, drug delivery
and others. Among these application segments, the orthopedics application is
expected to lead global bioresorbable polymers market in coming years, closely
followed by drug delivery segment. Notably, the drug delivery application is
also expected to witness the highest growth rate during the forecast period,
owing to growing number of implant surgeries in North America, Asia-Pacific and
Europe.
Global Resorbable
(Bioresorbable) Polymers Regional Segmentation
North
America is the largest bioresorbable polymers market, in terms of value,
globally, closely followed by Europe. Some of the factors propelling the growth
of North American market include augmented local manufacturing, high growth of
end-use industries and increasing number of domestic companies in various
vertical market segments. Further, Asia-Pacific is anticipated to register
fastest growth in global bioresorbable polymers market, on the back of high
demand from drug delivery applications and orthopedics.
Competitive
Landscape
Some of the leading companies in global
resorbable (bioresorbable) polymers market are Corbion,
Evonik Industries, Foster Corporation, KLS Martin, Poly-Med, Sigma-Aldrich,
Mar-Lee Companies, LACTEL Absorbable Polymers, DSM, PCAS, etc.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast global resorbable
(bioresorbable) polymers market size.
- To forecast global resorbable (bioresorbable)
polymers market based on type, application and regional distribution.
- To identify drivers and challenges for global resorbable
(bioresorbable) polymers market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
resorbable (bioresorbable) polymers market.
- To conduct the pricing analysis for resorbable
(bioresorbable) polymers market.
- To identify and analyze the profile of leading
players involved in the manufacturing of resorbable (bioresorbable)
polymers.
Click here to download the brochure
Some of the leading players in global
resorbable (bioresorbable) polymers market are Corbion, Evonik Industries,
Foster Corporation, KLS Martin, Poly-Med, Sigma-Aldrich, Mar-Lee Companies,
LACTEL Absorbable Polymers, DSM, PCAS, etc.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of leading manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global resorbable (bioresorbable) polymers market.
TechSci Research calculated global resorbable (bioresorbable) polymers market
size using a top-down approach, where data for various
end-user segments was recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target
Audience:
- Resorbable (Bioresorbable)
Polymers manufacturers and suppliers
- Government bodies such as
regulating authorities and policymakers
- Organizations, forums and
alliances related to resorbable (bioresorbable) polymers
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as manufacturers, partners and end users. The report also provides useful
insights about which market segments should be targeted over the coming years
in order to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, global resorbable
(bioresorbable) polymers market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- Market, by Type:
- Agro-Polymers
- Biopolyesters
- Polylactic Acid
- Polycaprolactone
- Polyglycolic Acid
- Others
- Homopolyesters
- Polyhydroxy-alkanoates
- Market, by Application:
- Orthopedics
- Hip
- Spine
- Knee
- Sports Injury
- Trauma
- Others
- Drug Delivery
- Others
- Market, by Region:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- Jordon
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies operating in global resorbable (bioresorbable) polymers market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of
direct and indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com