The market size of bioresorbable polymers was valued at USD 1.32 billion in 2022. It is projected to reach USD 3.16 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.2% during the forecast period from 2023 to 2030.
Bioresorbable polymers Market Industry are gaining significant traction in various industries due to their unique properties and potential applications. These polymers have the ability to degrade and be absorbed by the body over time, making them ideal for medical implants, drug delivery systems, and tissue engineering.
The increasing demand for bioresorbable polymers can be attributed to the growing awareness about their biocompatibility, biodegradability, and reduced risk of long-term complications. Moreover, the rising prevalence of chronic diseases and the need for advanced medical treatments are driving the adoption of bioresorbable polymers in the healthcare sector.
In addition, the expanding geriatric population and the subsequent rise in age-related ailments are further fueling the demand for bioresorbable polymers. These polymers offer a promising solution for orthopedic implants, cardiovascular stents, and other medical devices, as they eliminate the need for additional surgeries to remove the implants.
Furthermore, the increasing investments in research and development activities by key market players are expected to propel the market growth. These investments aim to enhance the properties of bioresorbable polymers, such as mechanical strength, degradation rate, and drug release kinetics, to cater to specific medical requirements.
Geographically, North America holds a significant share in the bioresorbable polymers market, owing to the presence of well-established healthcare infrastructure and a high adoption rate of advanced medical technologies. Europe is also witnessing substantial growth, driven by the increasing demand for bioresorbable polymers in the pharmaceutical and medical device industries.
In conclusion, the bioresorbable polymers market is poised for substantial growth in the coming years. The increasing This growth is further fueled by the rising awareness among consumers about the benefits of bioresorbable polymers in reducing the risk of post-surgical complications.
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Key Players:
Putnam Plastics (US), Evonik Industries AG (Germany), Ashland (US), DURECT CORPORATION (US), REVA Medical, Inc.(US, Poly-Med Inc. (US), Merck KGaA (Germany), KLS Martin (US), Corbion NV (The Netherlands), Koninklijke DSM N.V (The Netherlands), Foster Corporation. (US), Groupe PCAS (France), and other players.
MARKET SEGMENTATION:
By Fiber Type
- Glass Fiber Composites
- Carbon Fiber Composites
- Natural Fiber Composites
- Other Fiber Composites
By Resin Type
- Thermoset Composites
- Thermoplastic Composites
By end-use industry
- Aerospace & defense
- Wind Energy
- Automotive & Transportation
- Construction & Infrastructure
- Marine
- Pipe & Tank
- Electrical & Electronics
- Others
By Manufacturing Process
- Lay-up
- Filament Winding
- Injection Molding
- Pultrusion
- Compression Molding
- RTM
- Others
By Type
- Polylactic acid (PLA)
- Poly (l-lactic) acid (PLLA)
- -Poly-d,l-lactic acid (PDLLA)
- Polyglycolic acid (PGA)
- Poly(lactic-co-glycolic acid) (PLGA)
- Polycaprolactone(PCL)
- Others
By Application
- Orthopedic devices
- Trauma
- Hip
- Knee
- Spine
- Sports injury
- Others
- Drug Delivery
- Parenteral
- Oral
- Others
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Bioresorbable Polymers Market Industry By Type
10.Emulsion Bioresorbable Polymers Market Industry By Application
11.Emulsion Bioresorbable Polymers Market Industry By End-use industry
12.Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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