Global Bioresorbable Polymers
Market Report
2024
The global Bioresorbable Polymers market will be USD 688 million in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031. This growth can be attributed to the demand from emerging economies.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global market for Bioresorbable Polymers will be USD 688 Million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Bioresorbable Polymers Market Sales Revenue 2024 | $ 688 Million |
Global Bioresorbable Polymers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.5% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Bioresorbable Polymers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The bioresorbable polymers market is experiencing significant growth owing to their diverse applications in the medical field, particularly in drug delivery systems, orthopedic implants, and tissue engineering. These polymers offer the advantage of being gradually absorbed and metabolized by the body, eliminating the need for surgical removal post-treatment and reducing complications associated with permanent implants. The increasing prevalence of chronic diseases, coupled with rising healthcare expenditure globally, is driving the demand for innovative medical solutions, thus fueling market growth. Moreover, advancements in polymer science and technology have led to the development of bioresorbable polymers with enhanced properties, further expanding their potential applications. However, challenges such as high production costs and regulatory hurdles may hinder market growth.
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In June 2021, NatureWorks LLC invested USD 600 million in a PLA facility in Thailand. The company is focusing on increasing its annual PLA production capacity to 75,000 tons for Ingeo PLA grade.
Top Companies Market Share in Bioresorbable Polymers Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America has historically dominated due to its advanced healthcare infrastructure, significant R&D investments, and a strong presence of key market players. The region benefits from robust regulatory frameworks supporting the adoption of innovative medical technologies. Additionally, increasing awareness among consumers regarding the benefits of bioresorbable polymers in medical applications has fueled market growth.
Asia-Pacific region has emerged as the fastest-growing market for bioresorbable polymers. This growth can be attributed to factors such as rising healthcare expenditure, expanding pharmaceutical and medical device industries, and growing demand for advanced medical treatments across populous countries like China and India. Furthermore, supportive government initiatives aimed at promoting indigenous manufacturing capabilities and investments in healthcare infrastructure have bolstered market expansion in the region.
The current report Scope analyzes Bioresorbable Polymers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Bioresorbable Polymers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Bioresorbable Polymers Industry growth. Bioresorbable Polymers market has been segmented with the help of its Type, Application , and others. Bioresorbable Polymers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, polylactic acid is the dominant category. PLA, derived from renewable resources like corn starch or sugarcane, finds extensive applications in medical devices, drug delivery systems, packaging, and textiles. Its thermoplastic nature allows for easy processing into various forms, from films to fibers. Rising environmental concerns and stringent regulations promoting sustainable materials further drive PLA's demand. Additionally, ongoing research and development efforts focusing on enhancing PLA's properties, such as mechanical strength and degradation kinetics, are poised to fuel its adoption across diverse industries.
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Bioresorbable Polymers Market.
Some of the key Application of Bioresorbable Polymers are:
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Bioresorbable Polymers Market is witnessing significant growth in the near future.
In 2023, the Polylactic acid (PLA) segment accounted for noticeable share of global Bioresorbable Polymers Market and is projected to experience significant growth in the near future.
The Orthopedic devices segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Corbion NV , Poly-Med Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Polylactic acid (PLA), Polyglycolic acid (PGA), Polylactic-co-glycolic acid (PLGA), Polycaprolactone(PCL), Others |
Application | Orthopedic devices, Drug Delivery, Others |
List of Competitors | Corbion NV, Evonik Industries AG, Poly-Med Inc., Foster Corp., Abbott, KLS Martin Group, 3D Biotek LLC., Sunstar Suisse S.A., DSM, Futerro |
This chapter will help you gain GLOBAL Market Analysis of Bioresorbable Polymers. Further deep in this chapter, you will be able to review Global Bioresorbable Polymers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Bioresorbable Polymers market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Polylactic acid (PLA) have a significant impact on Bioresorbable Polymers market? |
What are the key factors affecting the Polylactic acid (PLA) and Polyglycolic acid (PGA) of Bioresorbable Polymers Market? |
What is the CAGR/Growth Rate of Orthopedic devices during the forecast period? |
By type, which segment accounted for largest share of the global Bioresorbable Polymers Market? |
Which region is expected to dominate the global Bioresorbable Polymers Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Quantitative Data |
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