Global Bioresorbable Polymers Market 2023

Global Bioresorbable Polymers Market 2023

Bioresorbable polymers, also known as biodegradable or absorbable polymers, are a class of materials that can be broken down and absorbed by the body over time. These polymers have gained significant attention in the medical field, particularly in applications such as drug delivery systems, tissue engineering, and surgical implants. The key characteristic of bioresorbable polymers is their ability to degrade and be metabolized by the body, eliminating the need for surgical removal after fulfilling their intended purpose. This property makes them particularly useful in applications where temporary support or controlled release of drugs is required.

The global bioresorbable polymers market is anticipated to increase by USD 1.6 billion till 2029 at an average annual growth of 12.64 percent as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global bioresorbable polymers market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Type: agro-polymers, bio-polyesters
Application: orthopedics, drug delivery, biodegradable devices, others
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America
Agro-polymers: proteins, polysaccharides
Bio-polyesters: polyglycolic acid (PGA), polylactic acid (PLA), polycaprolactone (PCL), polydioxanone (PDO), others

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, application, and region. The global market for bioresorbable polymers can be segmented by type: agro-polymers, bio-polyesters. The bio-polyesters segment was the largest contributor to the global bioresorbable polymers market in 2022. Bioresorbable polymers market is further segmented by application: orthopedics, drug delivery, biodegradable devices, others. According to the research, the orthopedics segment had the largest share in the global bioresorbable polymers market. Based on region, the bioresorbable polymers market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. North America held the largest revenue share in 2022.

The agro-polymers market is further segmented into proteins, polysaccharides. The polysaccharides segment is estimated to account for the largest share of the global bioresorbable polymers market. Furthermore, the bio-polyesters market has been categorized into polyglycolic acid (PGA), polylactic acid (PLA), polycaprolactone (PCL), polydioxanone (PDO), others. The PLA segment held the largest share of the global bioresorbable polymers market in 2022 and is anticipated to hold its share during the forecast period.

Major Companies and Competitive Landscape
The report also provides analysis of the key companies of the industry and their detailed company profiles including Evonik Industries AG, Corbion NV, Foster Corporation, Poly-Med Inc., REVA Medical, Inc, Groupe PCAS, Merck KGaA, Koninklijke DSM N.V, KLS Martin, Ashland Global Holdings Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global bioresorbable polymers market.
To classify and forecast the global bioresorbable polymers market based on type, application, region.
To identify drivers and challenges for the global bioresorbable polymers market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global bioresorbable polymers market.
To identify and analyze the profile of leading players operating in the global bioresorbable polymers market.

Why Choose This Report
Gain a reliable outlook of the global bioresorbable polymers market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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