PLGA Market by Composition (PLGA with Lactic Acid: Glycolic Acid Ratio of 12:88, PLGA with Lactic Acid: Glycolic Acid Ratio of 50:50, PLGA with Lactic Acid: Glycolic Acid Ratio of 75:25), Application (Drug Delivery Systems, Medical Devices Coatings, Microspheres & Nanoparticles), End-User Industry - Global Forecast 2024-2030
The PLGA Market size was estimated at USD 179.53 million in 2023 and expected to reach USD 197.81 million in 2024, at a CAGR 10.35% to reach USD 357.89 million by 2030.
PLGA, standing for Poly(lactic-co-glycolic acid), is a biodegradable and biocompatible polymer widely utilized in the medical field. This synthetic copolymer is made by combining two different monomers, lactic acid and glycolic acid, which allows it to break down naturally within the body. Due to its versatile properties, PLGA is commonly used for various applications, including drug delivery systems, surgical sutures, and tissue engineering. Continuous research and development in the biomedical sector have significantly contributed to the expanding applications of PLGA. Its ability to safely degrade and be metabolized by the body makes it an ideal candidate for creating new drug delivery systems and biodegradable implants. The growing need for targeted and controlled drug delivery systems that can improve the effectiveness of treatments and minimize side effects is driving the growth of the market. The high cost associated with producing PLGA-based products hampers the growth of the market. However, continuous research & development activities to expand the application of PLGA are expected to create opportunities for market growth.
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- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing need for targeted and controlled drug delivery systems
- 5.1.1.2. Continuous research and development in the biomedical sector
- 5.1.2. Restraints
- 5.1.2.1. High cost of production of PLGA
- 5.1.3. Opportunities
- 5.1.3.1. Rising research and development activities to expand the application of PLGA
- 5.1.3.2. Growing approval activities for PLGA by regulatory authorities
- 5.1.4. Challenges
- 5.1.4.1. Complexity in handling PLGA
- 5.2. Market Segmentation Analysis
- 5.2.1. Composition: Rising usage of PLGA with Lactic Acid: Glycolic Acid Ratio of 50:50 ratio as it offers a balanced profile of degradation speed
- 5.2.2. End-User Industry: High potential of PLGA in research institutes for developing new biomedical devices
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. PLGA Market, by Composition
- 6.1. Introduction
- 6.2. PLGA with Lactic Acid: Glycolic Acid Ratio of 12:88
- 6.3. PLGA with Lactic Acid: Glycolic Acid Ratio of 50:50
- 6.4. PLGA with Lactic Acid: Glycolic Acid Ratio of 75:25
- 6.5. PLGA with Lactic Acid: Glycolic Acid Ratio of 85:15
- 7. PLGA Market, by Application
- 7.1. Introduction
- 7.2. Drug Delivery Systems
- 7.3. Medical Devices Coatings
- 7.4. Microspheres & Nanoparticles
- 7.5. Orthopedic Implants
- 7.6. Sutures & Surgical Staples
- 7.7. Tissue Engineering
- 8. PLGA Market, by End-User Industry
- 8.1. Introduction
- 8.2. Biotechnology
- 8.3. Packaging
- 8.4. Pharmaceuticals
- 8.5. Research Institutes
- 8.6. Textile
- 9. Americas PLGA Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific PLGA Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa PLGA Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Innovative PLGA Nanoparticles Harness ATP for Enhanced Tumor Immunotherapy
- 12.3.2. Persist AI's Breakthrough in Speeding Sustained Release Medications
- 12.3.3. Avantium and SCG Chemicals Forge Alliance to Pioneer CO2-Based Polymers
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
- FIGURE 1. PLGA MARKET RESEARCH PROCESS
- FIGURE 2. PLGA MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL PLGA MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL PLGA MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL PLGA MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. PLGA MARKET DYNAMICS
- FIGURE 7. GLOBAL PLGA MARKET SIZE, BY COMPOSITION, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL PLGA MARKET SIZE, BY COMPOSITION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL PLGA MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL PLGA MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL PLGA MARKET SIZE, BY END-USER INDUSTRY, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL PLGA MARKET SIZE, BY END-USER INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS PLGA MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS PLGA MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES PLGA MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES PLGA MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC PLGA MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC PLGA MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA PLGA MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA PLGA MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. PLGA MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 22. PLGA MARKET, FPNV POSITIONING MATRIX, 2023
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