Bioresorbable polymers find diverse applications in the medical field. Their features include biocompatibility and gradual degradation within the body, eliminating the need for removal surgeries. These polymers are used in medical devices such as sutures, stents, and orthopaedic implants. They support healing by providing temporary structural support and drug delivery. As the polymers dissolve over time, the body naturally replaces them with new tissue. This innovative technology enhances patient outcomes, especially in surgeries where long-term implants are unnecessary, offering a promising avenue for medical advancements.
According to Data Bridge Market Research, the Global Bioresorbable Polymers Market is expected to grow with a CAGR of 15.1% in the forecast period of 2022 to 2029.
“Shift in customer preferences boosts the market’s growth”
The bioresorbable polymers market is experiencing growth due to a shift in customer preferences. Consumers are increasingly drawn to the immersive and visually captivating experience that curved TVs offer. The curved screen design creates a wider field of view, enhancing depth perception and providing a more engaging viewing experience. This change in preference aligns with the desire for enhanced entertainment and visual quality, thereby driving the market's expansion as manufacturers cater to this evolving consumer demand.
What restraints the growth of the global bioresorbable polymers market?
“Elevated cost of these materials restraints the market’s growth”
The bioresorbable polymers market growth is curbed by the elevated cost of these materials. The sophisticated manufacturing processes and specialized raw materials required for their production contribute to increased expenses. The higher cost can deter cost-sensitive sectors from adopting bioresorbable polymers, hindering market penetration. Manufacturers face challenges in achieving a balance between advanced medical technology and cost-effectiveness, impacting the widespread adoption of bioresorbable polymers in various medical applications.
Segmentation: Global Bioresorbable Polymers Market
The global bioresorbable polymers market is segmented on the basis of product and application.
- On the basis of product, the bioresorbable polymers market is segmented into polylactic acid (PLA), polyglycolic acid (PGA), poly (lactic-co-glycolic acid) (PLGA), polycaprolactone (PCL) and others.
- On the basis of application, the bioresorbable polymers market is segmented into drug delivery, orthopedic devices, and others.
Regional Insights: North America dominates the Global Bioresorbable Polymers Market
North America dominates the bioresorbable polymers market due to the presence of a well-developed healthcare system and increase in the number of FDA approvals for advanced surgery products within the region.
Asia-Pacific is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the rise in consumer awareness in the region.
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The Prominent Key Players Operating in the Global Bioresorbable Polymers Market Include:
- Corbion (Netherlands)
- Poly-Med (U.S.)
- Foster Corporation (U.S.)
- Evonik Industries AG (Germany)
- Sigma-Aldrich (U.S.)
- Mar-Lee Companies (U.S.)
- LACTEL Absorbable Polymers (U.S.)
- DSM (Netherlands)
- PCAS (France)
- Galatea Surgical (U.S.)
- Edge Design Services (U.S.)
- Degradable Solutions (U.K.)
- Amplitude Systems (U.S.)
- MAST Bio surgery (U.S.)
- KLS-Med (U.S.)
- Sunwin Chemicals (U.S.)
- Amino (U.S.)
- Stepan Company (U.S.)
- KAO Corporation (Japan)
- American Crystal Sugar (U.S.)
- Wickham (U.S.)
- Repsol (Spain)
- Carclo (U.K.)
- Borealis Borouge (Austria)
- Nelipipak (U.S.)
- Albis (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global bioresorbable polymers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Bioresorbable Polymers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
