Polyglycolic Acid MarketApplications, Growth, Size, Opportunities, Top Share Analysis, Trends, Segmentations, Key Players, Regional Insights, Graph and Forecast

Polyglycolic Acid Market by Form (Fibers, Films, Others), End-use industry (Medical, Oil & Gas, Packaging) and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America)-Global Forecast to 2024
The report "Polyglycolic Acid Market by Form (Fibers, Films, Others), End-use industry (Medical, Oil & Gas, Packaging) and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America)-Global Forecast to 2024" size is projected to grow from USD 4.1 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 9.5% during the forecast period. The increasing demand for surgical sutures in the medical industry owing to the rising incidence of diseases including cardiovascular disease, ischemic heart disease, strokes, lung cancer, others are expected to drive the demand for polyglycolic acid during the forecast period. Furthermore, the rapid growth of the packaging industry with a particular preference for biodegradable packaging will escalate the demand for polyglycolic acid, thus driving the market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=235524941

Polyglycolic Acid Companies [https://www.marketsandmarkets.com/Market-Reports/polyglycolic-acid-market-235524941.html]:

The key players in the polyglycolic acid market are Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co,.Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co., Ltd. (China), Teleflex Incorporated (US). The polyglycolic acid market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2019, which include expansion and joint venture.

Fiber form is estimated to dominate the overall polyglycolic acid market.

Fibers were the most significant form of the polyglycolic acid market in 2018. The increasing demand for surgical sutures in parts of the world owing to the rising incidence of CVDs and other health-related diseases along with the year on year increase in number cosmetic surgeries being performed globally is expected to boost polyglycolic acid demand. Fiber form of polyglycolic acid is widely used to manufacture surgical sutures owing to high tensile strength, tissue reactivity, hydrolytic stability, and excellent knotting ability.

Medical is projected to be the fastest-growing end-use industry of polyglycolic acid during the forecast period.

Medical is projected to be the fastest-growing end-use industry of polyglycolic acid during the forecast period. Polyglycolic acid obtained through ring-opening polymerization of the cyclic dimers of glycolic acid is considered ideal to be used in the medical industry owing to its excellent degradation behavior along with unmatched compatibility with human tissues. The demand for polyglycolic acid in the pharmaceutical industry is majorly driven by the rising preference for quality healthcare services with specific reference to surgical procedures in major part of the world. Further, the increasing medical tourism in major healthcare markets globally will further boost the polyglycolic acid market growth.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=235524941

North America is estimated to be the largest polyglycolic acid market during the forecast period.

North America is projected to be the largest polyglycolic acid market during the forecast period. The boosting healthcare industry of the region owing to the rapidly increasing in the old age population along with subsequent surge in cardiac and orthopedic surgeries is expected to boost the demand for relevant healthcare services, thus escalating the polyglycolic acid demand. Further, the presence of a significant shale gas reservoir is another key factor in driving the polyglycolic acid market in the North American region.

Read Our Trending Press Release Below:

Decorative Concrete Manufacturers [https://www.marketsandmarkets.com/Market-Reports/decorative-concrete-market-189792263.html]

Liquid Ring Compressor Companies [https://www.marketsandmarkets.com/Market-Reports/liquid-ring-compressors-market-264817142.html]

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=polyglycolic-acid-marketapplications-growth-size-opportunities-top-share-analysis-trends-segmentations-key-players-regional-insights-graph-and-forecast]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/polyglycolic-acid-market-235524941.html



This release was published on openPR.