Bioresorbable Polymers Market Value and CAGR
Bioresorbable polymers, also known as biodegradable polymers, are polymers that the body can break down over time. These polymers are intended for use in medical applications requiring a temporary implant or device, with the goal of eventually replacing the implant with new tissue through the body's natural healing processes.
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The global bioresorbable polymers market is worth USD 1.5 billion and is expected to grow at a (CAGR) of 14.6% from 2021 to 2029. The growing demand for bioresorbable polymers in a variety of medical applications, including drug delivery systems, surgical sutures, orthopedic devices, and tissue engineering, is propelling the market forward. Furthermore, the increasing prevalence of chronic diseases and the aging population are driving the market growth.
Bioresorbable Polymers Market Growth Drivers and Risks
Growth Engines:
- Increasing Demand in Medical Applications: One of the major growth drivers of the market is the increasing demand for bioresorbable polymers in various medical applications such as drug delivery systems, surgical sutures, orthopedic devices, and tissue engineering. The use of these polymers in medical devices eliminates the need for a second surgery to remove the implant, lowering infection risk and healthcare costs.
- Growing Geriatric Population: The world's ageing population is also propelling the bioresorbable polymers market forward. Chronic disease risk increases with age, necessitating the use of medical devices such as stents and implants, and bioresorbable polymers have proven to be an effective solution for such medical conditions.
Risks:
- High Development Costs: The high cost of bioresorbable polymer research and development is a major risk for the market. The development of these polymers necessitates advanced technology and expertise, both of which can be expensive.
- Limited Availability: The scarcity of raw materials required for the production of bioresorbable polymers can also be a market risk. These polymers require specialized materials, which may not be readily available in all areas.
Bioresorbable Polymers Market Keyplayers
By Company
- Evonik Industries AG
- Corbion NV
- Foster Corporation
- Poly-Med Inc.
- REVA Medical
Bioresorbable Polymers Market Segmentations
By Type
- Agro-polymer
- Bio-polyesters
By Application
- Orthopedic
- Drug delivery
- Biodegradable devices
- Others
Table of content
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
2.4 KEY TAKEAWAYS
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
4 MARKET DYNAMICS OF GLOBAL BIORESORBABLE POLYMERS MARKET
4.1 INTRODUCTION
4.2 DRIVERS
4.3 RESTRAINTS
4.4 OPPORTUNITIES
4.5 CHALLENGES
4.6 TRENDS/TECHNOLOGY
5 MARKET FACTOR ANALYSIS OF GLOBAL BIORESORBABLE POLYMERS MARKET
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.2 MANUFACTURERS/PRODUCERS
5.1.3 DISTRIBUTORS/RETAILERS/WHOLESALERS/E-COMMERCE
5.1.4 END USER
5.2 PORTER’S FIVE FORCES ANALYSIS
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 BARGAINING POWER OF SUPPLIERS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF COMPETITIVE RIVALRY
5.3 PRICING ANALYSIS
6. GLOBAL BIORESORBABLE POLYMERS MARKET, BY TYPE
6.1 INTRODUCTION
6.2 AGRO-POLYMERS
6.2.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
6.2.2.1 PROTEINS
6.2.2.1.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.2.2.1.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
6.2.2.2 POLYSACCHARIDES
6.2.2.2.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.2.2.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
6.3 BIO-POLYESTERS
6.3.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.3.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
6.3.2.1 POLYGLYCOLIC ACID
6.3.2.1.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.3.2.1.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
6.3.2.2 POLYLACTIC ACID
6.3.2.2.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.3.2.2.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
6.3.2.3 POLYCAPROLACTONE
6.3.2.3.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.3.2.3.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
6.3.2.4 POLYDIOXANONE
6.3.2.4.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.3.2.4.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
6.3.2.5 OTHERS
6.3.2.5.1 MARKET ESTIMATES & FORECAST, 2022-2030
6.3.2.5.2 MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030
Toc Continue………………………..
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