Bioresorbable Polymers Market Size 2021, share, Industry Growing Rapidly with Recent Demand, Trends, Development, Revenue and Forecast to 2028


Posted February 24, 2023 by suryakantGadekar

The Bioresorbable Polymers Market was valued at US$ 3,260.07 million in 2021 and is projected to reach US$ 6,463.07 million by 2028. It is expected to grow at a CAGR of 10.3% from 2021 to 2028

 
The growth of healthcare infrastructure in developing economies is driving the bioresorbable polymers market. medical devices across the globe. The expansion of healthcare infrastructure in developing economies is contributing to the growth of the bioresorbable polymers market because it creates a greater demand for medical devices and implants that utilize these materials. As more hospitals, clinics, and other healthcare facilities are built in developing countries, there is a corresponding increase in the need for medical supplies and equipment.
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The List of Companies - Bioresorbable Polymers Market
1. BMG Incorporated
2. Evonik Industries AG
3. Foster Corporation
4. Ashland Global Holdings Inc.
5. Poly-Med Incorporated
6. REVA Medical, LLC
7. Musashino Chemical Laboratory, Ltd
8. Huizhou Foryou Medical Devices Co., Ltd.
9. Polysciences Inc
10. Bezwada Biomedical LLC
Bioresorbable polymers are used in a variety of medical applications, including drug delivery systems, sutures, orthopedic implants, and tissue engineering. These materials are particularly useful in developing countries where there may be limited access to medical facilities and where there is a need for more affordable and accessible medical solutions. Bioresorbable polymers can be designed to degrade over time and be absorbed by the body, reducing the need for additional surgeries to remove implanted devices. As the demand for medical devices and implants made from bioresorbable polymers increases, manufacturers are investing more resources into the research and development of new and innovative materials. This creates a positive feedback loop where the expansion of healthcare infrastructure drives demand for bioresorbable polymers, which in turn drives further innovation and growth in the market. Opportunities are emerging in countries such as China, India, and Brazil, where an increase in the geriatric population and per capita income is creating a favorable market for the healthcare industry.
Market Segmentation
The report "Analysis of the Bioresorbable Polymers Market until 2028" is a comprehensive and specialized examination of the chemical and material industry, which concentrates on analyzing global market trends. Its objective is to present a comprehensive overview of the bioresorbable polymers market, including a thorough segmentation analysis based on the type, application, and geographical region. In the global bioresorbable polymers market, the type segment is divided into several categories, including polylactic acid (PLA), polyglycolic acid (PGA), polydioxanone, polycaprolactone (PCL), and others. In 2020, the polyglycolic acid (PGA) segment was the leading category, generating the highest revenue share in the bioresorbable polymers market. Based on the application, the bioresorbable polymers market is segmented into orthopedic devices, drug delivery, and others.
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Regional Overview
The bioresorbable polymers market is being positively impacted by the growing healthcare sector in developing economies, as highlighted in the Omnia Health report. China, for instance, spent approximately US$ 928 billion on healthcare services in 2019 and constructed over 35,000 hospitals between 2016 and 2020. The country also has the largest geriatric population, with around 250 million individuals over the age of 60 in 2019. The expansion of health infrastructure in developing economies and the rising geriatric population are creating favorable conditions for the growth of the bioresorbable polymers market.
Impact of COVID-19
The COVID-19 pandemic has had a significant impact on many businesses worldwide by imposing restrictions on manufacturing and supply chains. The bioresorbable polymers market is one such industry that has been severely affected by the pandemic, with disruptions in the raw material supply chain in the chemicals and materials industry. Nevertheless, as several countries have started easing lockdown restrictions, manufacturing units have reopened, and there has been a rise in surgeries, leading to an increased demand for and production of medical devices. This development is expected to have a positive impact on the bioresorbable polymers market in the coming years.
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TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Bioresorbable Polymers Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers:
4.2.2 Bargaining Power of Buyers:
4.2.3 Threat of New Entrants:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Bioresorbable Polymers Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Bioresorbable Medical Implants and Wound Dressing Covers
5.1.2 Rising Demand for Orthopedic Surgery due to Augmenting Cases of Road and On-site Accident
5.2 Market Restraints
5.2.1 Increasing Minimally Invasive Surgeries
5.3 Market Opportunities
5.3.1 Growing Healthcare Infrastructure in Developing Economies
5.4 Future Trends
5.4.1 Rising Trend of 3D Scaffold Printing for Tissue Engineering
5.5 Impact Analysis of Drivers and Restraints
6. Bioresorbable Polymers - Global Market Analysis
6.1 Bioresorbable Polymers Market Overview
6.2 Bioresorbable Polymers Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Bioresorbable Polymers Market Players
7. Bioresorbable Polymers Market - By Type
7.1 Overview
7.2 Bioresorbable Polymers Market, By Type (2020 and 2028)
7.3 Polylactic Acid (PLA)
7.3.1 Overview
7.3.2 Polylactic Acid (PLA): Bioresorbable Polymers Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Polyglycolic Acid (PGA)
7.4.1 Overview
7.4.2 Polyglycolic Acid (PGA): Bioresorbable Polymers Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Polydioxanone
7.5.1 Overview
7.5.2 Polydioxanone: Bioresorbable Polymers Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Polycaprolactone (PCL)
7.6.1 Overview
7.6.2 Polycaprolactone (PCL): Bioresorbable Polymers Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Bioresorbable Polymers Market - Revenue and Forecast to 2028 (US$ Million)
8. Bioresorbable Polymers Market Analysis - By Application
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Issued By Suryakant Gadekar
Country India
Categories Biotech , Business
Tags bioresorbable polymers market global , bioresorbable polymers market industry , bioresorbable polymers market research
Last Updated February 24, 2023