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Bioresorbable Medical Material Market to reach US$ 1,942.13 million by 2027 | Top Key Players Durect Corporation, Foster Corporation, Ashland, Corbion, Putnam Plastics
The report provides trends prevailing in the global bioresorbable medical materialmarketand the factors driving market along with those that act as hindrances.
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Leading companies operating in the bioresorbable medical material marketare. Foster Corporation, Poly-Med Corporation, Zeus Industrial Products, Inc., Ashland, Durect Corporation, Groupe PCAS, DSM,Corbion, and Putnam Plastics among others.
The companies are focused towards adoption of organic strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in August 2019, Meril Life Sciences received CE marking for 100-micron bioresorbable scaffold that was indigenously designed, developed and manufactured inIndia.
The report segments global bioresorbable medical material market as follows:
Global Bioresorbable Medical MaterialMarket – ByProduct Type
Polylactide (PLA)
Poly-L-lactide (PLLA)
Poly-DL-lactide (PDLLA)
Polyglycolide (PGA)
Polycaprolactone (PCL)
Others
Global Bioresorbable Medical MaterialMarket – By Application
Drug Delivery
Medical Devices
Orthopedics
Others
Global Bioresorbable Medical MaterialMarket– By Geography
North America
EuropeAsia Pacific (APAC)
Middle East & Africa (MEA)
Europe
Product Type-Based Insights
In terms of product type, the Bioresorbable Medical Material in healthcare market is segmented into polylactide (pla), poly-l-lactide (plla), poly-dl-lactide (pdlla), polyglycolide (pga), polycaprolactone (pcl) and others. the polylactide (pla) segment held the largest share of the market in 2019 however the poly-dl-lactide (pdlla) segment is anticipated to register the highest CAGR of 11.1% in the market during the forecast period.
Strategic Insights
The Bioresorbable Medical Material in healthcare market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
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