South America Bioresorbable Polymers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polydioxanone, Polycaprolactone (PCL), and Others] and Application (Orthopedic Devices, Drug Deli

South America Bioresorbable Polymers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polydioxanone, Polycaprolactone (PCL), and Others] and Application (Orthopedic Devices, Drug Delivery, and Others)

The bioresorbable polymers market in South America is expected to grow from US$ 111.37 million in 2021 to US$ 150.74 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.

The increasing demand for bioresorbable-based medical implants and wound dressing covers is driving the market growth. Bioresorbable polymers such as polylactic acid, polycaprolactone, and polydioxanone are widely used to manufacture screws, pins, rods, plates scaffolds, sutures, stents, and other medical implant devices. Furthermore, bioresorbable polymers are also used as controlled drug release implants inside the human body. Once the recovery of the patient's organ begins, these implants gradually start dissolving and are entirely absorbed in the body after the accomplishment of its job. As the body itself absorbs these bioresorbable implants, the patient does not require a second surgical intervention to remove them. Hence, the demand for bioresorbable polymer implants and controlled drug release devices is increasing. Their improved clinical outcomes and cost-effectiveness are also supporting the market. Further, bioresorbable polymers are witnessing a surge in their demand due to their increased applications for wound management. Bioresorbable-based synthetic polymer wraps are widely used for wound dressing and covering since they provide a barrier against bacterial penetration as well as oxygen permeability to the wound. The polymer is also used to manufacture bioresorbable wraps and sheets that are extremely thin, and transparent foils that hold tissue masses in place and facilitate post-surgery healing. In addition, bioresorbable polymer powders are used for dermal filler applications. Dermal fillers, also known as soft tissue fillers, are injected into the skin using a minor surgical procedure to plump thin lips, enhance shallow contours, soften facial creases, remove wrinkles, and improve scars’ appearance.

Brazil reported the highest number of COVID-19 cases in South America, followed by Argentina, Peru, Chile, and Ecuador. Governments of South American countries have taken several measures such as lockdowns, trade bans, and travel restrictions to protect their citizens and combat the spread of the disease. This directly influenced the growth of the bioresorbable polymers market due to significant disruptions in supply chains and temporary shutdown of the manufacturing base due to indefinite lockdowns and temporary quarantines. With the gradual relaxation in restrictions, the supply of bioresorbable polymers is expected to stabilize in the coming years, thereby supporting the bioresorbable polymer market in the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America bioresorbable polymers market at a good CAGR during the forecast period.

South America Bioresorbable Polymers Market Revenue and Forecast to 2028 (US$ Million)

South America Bioresorbable Polymers Market Segmentation

South America Bioresorbable Polymers Market - by Type

Polylactic Acid (Pla) Polyglycolic Acid (Pga) Polydioxanone Polycaprolactone(Pcl) Others South America Bioresorbable Polymers Market - by Application

Orthopedic Devices Drug Delivery Other Application South America Bioresorbable Polymers Market - by Country

Brazil Argentina Rest of SAMSouth America Bioresorbable Polymers Market - Companies Mentioned

Evonik Industries AG Musashino Chemical Laboratory, Ltd. Ashland Global Holdings Inc. Poly-Med Incorporated Polysciences Inc.

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