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Polymer Biomaterial Market Segments, Trends, Size And Competitor Assessment 2024-2033
Polymer Biomaterial Market Segments
As per the report, the polymer biomaterial market size has grown rapidly in recent years. It will grow from $66.45 billion in 2023 to $79.06 billion in 2024 at a compound annual growth rate (CAGR) of 19.0%. The polymer biomaterial market size is expected to see rapidly grown in the next few years. It will grow to $146.61 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%.
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Polymeric Biomaterials Role In Tissue Engineering Boosts Polymer Biomaterials Market
Increasing applications of polymeric biomaterials in tissue engineering are driving the global polymer biomaterials market. Polymers are extensively used in regenerative medicine and tissue engineering due to their flexibility and versatile properties such as tailoring the damaged tissue's physical, chemical, and mechanical properties by modification of functional groups during synthesis, according to the regeneration capability of tissues of the organs. Besides being biodegradable, they offer different geometry and structures, thus meeting the needs of specific tissue engineering applications. These growing applications of polymer biomaterial in tissue engineering are expected to drive the market in the forecast period.
Advancements In Bioresorbable Copolymers For Enhanced Medical Device Performance
Companies in the polymer biomaterial market are increasingly investing in bioresorbable copolymers for medical devices for better performance and long-term stability. Companies such as Evonik have invested in bioresorbable polymers for use in implantable medical devices. The company's copolymer possesses hydrophobic properties of polylactide and hydrophilic properties of polyethylene glycol enabling the degradation rates up to six times faster with added mechanical strength. This innovation enhances the biocompatibility, safety, and performance of implantable products, and is applied in the areas of pediatrics and wound closure to accelerate and ease the healing process and provide long-term stability.
The polymer biomaterial market covered in this report is segmented -
1) By Type: Nylon, Silicone Rubber, Polyester, Polymethyl Methacrylate (PMMA), Polyethylene (PE), Polyvinyl Chloride, Other Types
2) By Nature: Natural, Synthetic
3) By Application: Cardiovascular, Ophthalmology, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Orthopedics, Neurological Disorders / Central Nervous System, Other Applications
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Major companies operating in the polymer biomaterial market include BASF SE, Corbion N.V., Zimmer Biomet Holdings Inc., Royal DSM N.V., Koninklijke DSM N.V., Covestro AG, Evonik Industries AG, Starch Medical Inc., Victrex plc, W. L. Gore and Associates Inc., Bayer AG, DSM Biomedical B.V., Purac Biomaterials, Ticona LLC, Invibo LLC, Covalon Technologies Ltd., Osteotech Inc., Medtronic plc, Stryker Corporation, Synthes Inc., Mitsui & Co. Ltd., Polyfibre Industries Pte Ltd., Toray Industries Inc., Stein Fibers Ltd., Diyou Fiber Corporation, Bezwada Biomedical LLC, Collagen Solutions plc, Cam Bioceramics B.V., CeramTec GmbH, Gelita AG, AorTech Biomaterials Pty Ltd., Berkeley Advanced Biomaterials Inc., Biocomposites Ltd., BioHorizons IPH Inc., Biomerics LLC, Bioteque Corporation, Carpenter Technology Corporation, CollPlant Holdings Ltd., CoorsTek Inc., EndoShape Inc., Heraeus Medical Components LLC, Kyocera Corporation, PolyNovo Biomaterials Pty Ltd., Secant Group LLC
Contents of the report:
1. Executive Summary
2. Polymer Biomaterial Market Report Structure
3. Polymer Biomaterial Market Trends And Strategies
4. Polymer Biomaterial Market - Macro Economic Scenario
5. Polymer Biomaterial Market Size And Growth
…..
27. Polymer Biomaterial Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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