Drug Integrated Polymer Fibers Market 2020 | Insights & Forecast Research Report 2025
Assessing a host of factors, drug integrated polymer fibers market size will potentially surpass US$ 88.8 million by 2025, claims Global Market Insights, Inc. Enhanced healthcare facilities, burgeoning population, technological advancements in medical textile engineering, innovations in biomaterial and soaring implantable medical surgeries are slated to prominently augment drug integrated polymer fibers market outlook.
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Drug integrated polymer fibers are highly sought-after in orthopedics, vascular grafts, wound healing and drug delivery. With rising inclination towards propelling the drug integrated polymer fibers industry outlook, predominant players have upped investment in R&D activities meant for wound healing and orthopedics.
In addition, surging popularity of orthopedic medical products will have positive influence in the drug integrated polymer fibers business expansion against the backdrop of notable growth in pharmaceutical industry, manufacturing of wound healing systems based on fibers, and R&D programs in regenerative medicine and tissue engineering. Besides, controlled pharmaceutical delivery through biodegradable fibers has capability to bring paradigm shift in a slew of applications, including orthopedics.
Biodegradable polymers, including PLLA, PLA, PCL, PGA propel cost-effectiveness and the mechanical properties and the degradation kinetics of polymers which are designed to address the requirements of applications by controlling curing time, curing temperature and shear stress. In addition, biomedical textile applications of drug integrated polymer fibers are meant for soft tissue engineering and soft tissue replacement, including retina, cartilage, cardiac muscle, blood and nerve, namely.
Having said that, prevalence of conventional surgical methods and soaring cost of the product in developing regions may dent the growth of drug integrated polymer fibers market.
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Drug integrated polymer fibers market is a consolidated industry with a notable presence of two companies—Micro Engineering Solutions and TissueGen Inc. Meanwhile, an array of companies is expected to make inroads in the industry owing to the biocompatible and biodegrable nature and innate capabilities of the polymer fibers for a range of biomedical applications, including vascular grafts, orthopedic sutures, dermal wound healing and drug delivery, to name a few.
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Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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