Global Resorbable
(Bioresorbable) Polymers Market Overview
Global resorbable (bioresorbable)
polymers market stood at $ 1.6 billion in 2018 and is projected to reach $ 2.4 billion
by 2024, growing at a CAGR of around 7.5% 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 (bioresorbable) 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 (Polysaccharides & Proteins) and bio -polyesters
(Polylactic Acid, Polycaprolactone, Polyglycolic Acid). The market is dominated
by biopolyesters type segment, owing to high resistance to poor environmental
conditions and their enhanced quality. The bio-polyesters 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, North America 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, Merck KgA, 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.
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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
- Cardiac Implant
- Dental Implant
- Trauma
- 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
o Rest of the World
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