Global Resorbable (Bioresorbable) Polymers Market Overview

Global Bioresorbable polymers market is projected to reach USD 1.5 billion by 2024, growing at a CAGR of over 14% during the forecast period. Bioresorbable polymers are a ground-breaking technological material that can be broken down by the body and do not require mechanical removal. These materials have applications in a broad range of medical indications, such as coronary & peripheral vascular scaffolds, tissue fixation screws and sutures. Some of the factors fueling global resorbable polymers market are patient-friendliness, growing demand in drug delivery application and cost-effectiveness. However, the market is restrained by the lack of quality control in some developing countries and high price of bioresorbable polymers.

Global Resorbable (Bioresorbable) Polymers Market Segmentation

Market has been categorized into type, application and regional distribution. Based on type, the market has been segmented into agro-polymers and biopolyesters. The market is dominated by biopolyesters type segment, owing to high resistance to poor environmental conditions and their enhanced quality. The biopolyesters segment is also anticipated to emerge as the fastest-growing segment in global bioresorbable polymers market during the forecast period.

Based on application, the market has been segmented into orthopedics, drug delivery and others. Among these application segments, the orthopedics application is expected to lead global bioresorbable polymers market in coming years, closely followed by drug delivery segment. Notably, the drug delivery application is also expected to witness the highest growth rate during the forecast period, owing to growing number of implant surgeries in North America, Asia-Pacific and Europe.

Browse 124 market data Figures and Tables spread through 110 Pages and an in-depth TOC on "Global Resorbable (Bioresorbable) Polymers Market"

https://www.techsciresearch.com/report/global-resorbable-polymers-market/3828.html

Global Resorbable (Bioresorbable) Polymers Regional Segmentation

North America is the largest bioresorbable polymers market, in terms of value, globally, closely followed by Europe. Some of the factors propelling the growth of North American market include augmented local manufacturing, high growth of end-use industries and increasing number of domestic companies in various vertical market segments. Further, Asia-Pacific is anticipated to register fastest growth in global bioresorbable polymers market, on the back of high demand from drug delivery applications and orthopedics.

Competitive Landscape

Some of the leading companies in global resorbable (bioresorbable) polymers market are Corbion, Evonik Industries, Foster Corporation, KLS Martin, Poly-Med, Sigma-Aldrich, Mar-Lee Companies, LACTEL Absorbable Polymers, DSM, PCAS, etc.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3828

Some of the leading players in global resorbable (bioresorbable) polymers market are Corbion, Evonik Industries, Foster Corporation, KLS Martin, Poly-Med, Sigma-Aldrich, Mar-Lee Companies, LACTEL Absorbable Polymers, DSM, PCAS, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global resorbable (bioresorbable) polymers market.

TechSci Research calculated global Resorbable Polymers Market size using a top-down approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

About TechSci Research:

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.