Bioresorbable Polymers Market Scope
Bioresorbable polymers are polymer materials that can be safely absorbed by the body so that the materials from which construction is made disappear over time. It is also referred to as degradable polymers. Rapidly growing bioresorbable polymer demand for drug delivery applications and an increasing number of orthopedic patients across the globe are some of the key drivers fueling the growth of the market. Based on the origin type, the market has been bifurcated into natural and synthetic.
The market study is being classified by Type (Polylactic acid, Polyglycolic acid, Polycaprolactone, Polysaccharides, Proteins and Others), by Application (Drug Delivery, Orthopedics and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bioresorbable Polymers market throughout the predicted period.
Corbion NV (Netherlands), Evonik Industries AG (Germany), Foster Corporation. (United States), Poly-Med Inc. (United States), DURECT CORPORATION (United States), Merck KGaA (Germany), Koninklijke DSM N.V (Netherlands), KLS Martin (United States), Ashland (United States), Putnam Plastics (United States), Groupe PCAS (France), REVA Medical, Inc. (United States) and Zeus (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Foster Corporation (United States), Sigma-Aldrich (United States), Mar-Lee Companies (United States) and LACTEL Absorbable Polymers (United States).
AdvanceMarketAnalytics has segmented the market of Global Bioresorbable Polymers market by Type, Application and Region.
On the basis of geography, the market of Bioresorbable Polymers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 10 Feb 2020, Evonik, a global biomaterials leader, announced the development of the world’s first bioresorbable polymer in powder form suitable for the high-resolution printing of implantable medical devices on Selective Laser Sintering (SLS) equipment. RESOMER PrintPowder is a free-flowing powder with tight specifications and an optimized particle size distribution for efficient processability. Evonik’s advanced powder preparation capabilities can facilitate the supply of ISO 13485-certified formulations for development and commercial use.
On 29 March 2018, Specialty chemicals producer Evonik Corporation is making headway on its USD 50 million investment to expand its Birmingham, AL health care facility. The firm’s Competence Center for Medical Devices is now located at the Alabama site, where Evonik will work on developing new medical technology and research biomaterials and medical-related polymers. Evonik’s investment also seeks to increase the site’s capabilities in biodegradable polymers and parenteral medicine. and On 13 Nov 2017, Evonik, a global leader in biomaterials has expanded its RESOMER portfolio of bioresorbable polymers for controlled-release parenteral drug formulations. It now offers RESOMER Zero and RESOMER Sterile versions of both its standard RESOMER polymers and RESOMER Select customized solutions.
- The Rising Popularity of Polyglycolic acid
- Rapidly Growing Bioresorbable Polymer Demand for Drug Delivery Application
- Increasing Number of Orthopedic Patients across the Globe
- Rising Ageing Population Worldwide
- The Growing Healthcare Infrastructure across the Developing Countries
- A High Cost of the Bioresorbable Polymers May Hinder the Growth of the Market
Key Target AudienceBioresorbable Polymers Manufacturers, Bioresorbable Polymers Raw Material Suppliers, Traders/Distributors, Importer/Exporter, Regulatory & Government Bodies, End Users, Downstream Vendors and Others
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