Global Biodegradable Medical Plastics Market 2023-2027
Technavio has been monitoring the biodegradable medical plastics market and is forecast to grow by USD 331.03 mn during 2022-2027, accelerating at a CAGR of 11.9% during the forecast period. Our report on the biodegradable medical plastics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing geriatric population, the global rise in orthopedic disorders, and the increasing preference for sustainable products.
Technavio's biodegradable medical plastics market is segmented as below:
By Application
- Medical devices
- Medical packaging
- Others
By Type
- Polylactic acid
- Polyhydroxyalkanoates
- Polybutylene succinate
- Polycaprolactone
- Polyvinyl alcohol
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the adoption of innovative raw materials as one of the prime reasons driving the biodegradable medical plastics market growth during the next few years. Also, emerging applications of biodegradable medical plastics and the rising use of biodegradable composite materials for implants will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Our report on the biodegradable medical plastics market covers the following areas:
- Biodegradable medical plastics market sizing
- Biodegradable medical plastics market forecast
- Biodegradable medical plastics market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biodegradable medical plastics market vendors that include Arkema Group, Arthrex Inc., Ashland Inc., BASF SE, Bio on SpA, Celanese Corp., Corbion nv, Danimer Scientific Inc., Eastman Chemical Co., Kaneka Corp., Koninklijke DSM NV, Medtronic Plc, Mitsubishi Chemical Corp., Natupharma AS, NatureWorks LLC, Neste Corp., Nutricare Holding Pty Ltd, Surmodics Inc., TEYSHA TECHNOLOGIES LTD, and Evonik Industries AG. Also, the biodegradable medical plastics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.