Press release
Bioresorbable Polymers Market Booming Worldwide With Leading Key Players- Zeus Industrial Products Inc., Seqens Group, REVA Medical LLC , Poly-Med Incorporated, Corbion N.V. , BMG Incorporated, PolysciencesInc., Huizhou Foryou Medical Devices Co. Ltd., an
The escalating demand for biocompatible medical devices; the rising usage of bioresorbable polymers for various applications in the medical industry worldwide; the increasing number of surgical interventions; and the growing efforts by governments to upgrade the healthcare sector in their respective regions are among the major factors driving the growth of the global bioresorbable polymers market.
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According to type, the polylactic acid (PLA) segment captured the largest share of the global bioresorbable polymers market in 2021. The segment is anticipated to retain its lead further in the market during the forecast period of 2022-2030. On the other hand, the poly(lactic-co-glycolic acid) (PLGA) segment is estimated to register the highest growth rate in the market during the forecast period of 2022-2030.
According to application, the orthopedic devices segment acquired the largest share of the global bioresorbable polymers market in 2021, followed by the drug delivery segment. The segment is predicted to continue with the trend further in the market during the forecast period of 2022-2030.
Geographically, the North American region held the largest share of the global bioresorbable polymers market in 2021, followed by Europe and the Asia Pacific. The region is likely to remain dominant in the market throughout the forecast period. Countries such as the U.S. and Canada are the key contributors to the growth of the market in the region.
The Asia Pacific region acquired the third-largest share in the global bioresorbable polymers market in 2021. The region is slated to experience the highest growth in the market during the forecast period. In this region, India and China are key contributors to the growth of the market.
Some of the major bioresorbable polymers companies profiled in the report include Zeus Industrial Products Inc., Seqens Group, REVA Medical LLC , Poly-Med Incorporated, Corbion N.V. , BMG Incorporated, PolysciencesInc., Huizhou Foryou Medical Devices Co. Ltd., and Musashino Chemical Laboratory Ltd.
The global bioresorbable polymers market is segmented into type, application, and region. Based on type, the market is bifurcated into polylactic acid (PLA), poly (l-lactic) acid (PLLA), -poly-d,l-lactic acid (PDLLA), polyglycolic acid (PGA), poly(lactic-co-glycolic acid) (PLGA), polycaprolactone(PCL), and others. Based on application, it is classified into orthopedic devices, drug delivery, and others.
The orthopedic devices segment is further categorized into trauma, hip, knee, spine, sports injury, and others. The drug delivery segment is further categorized into parenteral, oral, and others.
The global bioresorbable polymers market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Bioresorbable Polymers Market
• On the basis of type, the polylactic acid (PLA) segment captured the largest share of the global bioresorbable polymers market in 2021, and is anticipated to retain its lead further in the market during the forecast period of 2022-2030. On the other hand, the poly(lactic-co-glycolic acid) (PLGA) segment is estimated to register the highest growth rate in the market during the forecast period of 2022-2030.
• On the basis of application, the orthopedic devices segment acquired the largest share of the global bioresorbable polymers market in 2021, followed by the drug delivery segment. The segment is predicted to continue with the trend further in the market during the forecast period of 2022-2030.
• On the basis of region, North America held the largest share of the global bioresorbable polymers market in 2021, followed by Europe. The region is likely to remain dominant in the market throughout the forecast period.
• On the basis of region, the Asia Pacific region acquired the third-largest share in the global bioresorbable polymers market in 2021. The region is slated to experience the highest growth in the market during the forecast period.
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