Press release
Bioresorbable Polymers Market is Projected to Reach US$ 6.2 Billion By 2032
The Bioresorbable Polymers revenues were estimated at US$ 1.3 Bn in 2021 and is anticipated to grow at a CAGR of 15.8% from 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach a valuation of US$ 6.2 Billion. Increased surgical procedures, rising demand for drug delivery applications, and the use of biocompatible medical equipment were the prominent revenue-generating factors that had an impact on the bioresorbable polymers market.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7974?PS
The value of biopolyesters increased at a CAGR of roughly 12.5% between 2017 and 2021. Bioployesters provide significant benefits that are promoting the market for bioresorbable polymers. The majority of biopolyesters are biodegradable and biocompatible, have significant strength, and may be formed into films or other objects for use in industrial packaging or biocompatible/bioabsorbable medical devices. Biopolyesters are created from renewable sources.
As per the Global Bioresorbable Polymers Market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, the market value of the Bioresorbable Polymers Market increased at around 12.4% CAGR. The key revenue drivers, which affected the Bioresorbable Polymers Market, are an increase in surgical interventions, growing demand for drug delivery applications, and biocompatible medical devices.
A polymer called biopolyesters is used in the field of surgery for implants used in bone anastomosis. Because they are simple to mold into implants and have outstanding biocompatibility, biopolyesters are very popular. Consequently, this is increasing the demand for biopolyesters.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
โข Bioresorable Polymers market was valued at US$ 1.3 Bn in 2021. According to Fact.MR, Bioresorable Polymers revenue would increase 4.1X between 2022 and 2032, reaching roughly US$ 6.2 Bn in 2032.
โข In terms of Product Type, Biopolyesters is projected to account for the highest projected CAGR of over 16.5%
โข In terms of application, revenue through Orthopedics accounted for the highest CAGR of 13.2% during 2017-21.
โข US is the dominant country in Bioresorable Polymers market with an expected absolute dollar growth opportunity of over US$ 1.7 Bn.
Competitive Landscape
Some of the key players in bioresorbable polymers market are Corbion NV, Evonik Industries AG, Poly-Med, Inc., KLS Martin Group, Foster Corporation, Ashland Global Holdings Inc., DSM Biomedical, Inc, Zeus Industrial Products, Inc, REVA Medical, LLC., Poly-Med Incorporated, Bezwada Biomedical, and Nomisma Healthcare Pvt. Ltd.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ค๐๐ฒ ๐๐ข๐จ๐ซ๐๐ฌ๐จ๐ซ๐๐๐๐ฅ๐ ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ซ๐ฌ ๐๐ซ๐ ๐๐ฌ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ฌ:
In March 2021, Ashland Global Holdings Inc. expanded the production plant for its Viatel bioresorbable polymer and relocated its research and development (R&D) activities from Dublin to Mullingar's National Science Park.
In September 2020, Corbion and Total announced plans to develop a new polylactic acid bioplastics plant in Europe. The plant, which will be Europe's first global-scale Polylactic acid production facility, is estimated to have a capacity of 100 thousand tonnes per year.
The new factory is scheduled to open in 2024 and will be located in France. This additional polylactic acid investment will hasten plans to increase lactic acid production and meet the increasing demand for polymers.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7974?PS
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐
Corbion N V
Evonik Industries AG
Poly-Med, Inc.
KLS Martin Group
Foster Corporation
Ashland Global Holdings Inc.
DSM Biomedical, Inc
Zeus Industrial Products, Inc
REVA Medical, LLC.
Poly-Med Incorporated
Bezwada Biomedical
Nomisma Healthcare Pvt. Ltd.
๐๐ข๐จ๐ซ๐๐ฌ๐จ๐ซ๐๐๐๐ฅ๐ ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ : ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
By Product Type :
Biopolyesters
Agro-polymers
By Application :
Orthopedics
Drug Delivery
Other Applications
By Region :
North America
Latin America
Europe
APAC
MEA
๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
๐๐จ๐ซ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐
Fact.MR, in its new offering, presents an unbiased analysis of the Bioresorable Polymers Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Bioresorable Polymers in terms of by Product Type (Biopolyesters, Agro-polymers), Application (Orthopedics, Drug Delivery, Other Applications) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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