PLGA Market Growing At A Cagr Of 13.1% During 2019-2025
PLGA (poly (lactic-co-glycolic acid)) is a unique base polymer for controlled release of drugs and medical implant materials. It is both biodegradable and biocompatible, and since both monomers occur naturally it has minimal toxicity. PLGA is naturally amorphous (not crystalline).Currently, a few companies in the world can produce PLGA product, mainly concentrating in Europe and China. The main market players are Evonik, PCAS, Corbion, Mitsui Chemicals, SDSYXS, Jinan Daigang Biomaterial, etc.
In consumption market, the growth rate of global consumption is smooth relatively. Europe, China and USA are still the mainly consumption regions due to the advanced production technology and rapid development of economy.
PLGA is biocompatible and biodegradable, exhibits a wide range of erosion times, has tunable mechanical properties and most importantly, is a FDA approved polymer. Currently, a majority of manufacturers can offer microspheres comprised of four standard PLGA polymer ratios (50:50, 65:35, 75:25 and 85:15 Lactic Acid: Glycolic Acid). FDA has approved PLGA for micro and nano particles and for a number of therapeutic devices such as grafts, sutures, implants and prosthetic devices.
With the development of economy, these industries will need more PLGA. So, PLGA has a huge market potential in the future. The global PLGA market is valued at 44 million US$ in 2018 is expected to reach 120 million US$ by the end of 2025, growing at a CAGR of 13.1% during 2019-2025. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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This report focuses on PLGA volume and value at global level, regional level and company level. From a global perspective, this report represents overall PLGA market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
The following manufacturers are covered:
Evonik
PCAS
Corbion
Mitsui Chemicals
SDSYXS
Jinan Daigang Biomaterial
Segment by Regions
North America
Europe
China
Japan
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Segment by Type
PLGA 50:50
PLGA 65:35
PLGA 75:25
PLGA 85:15
Segment by Application
Suture
Fracture Fixation
Oral Implant
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This report focuses on the PLGA in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based…
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