Bioresorbable Polymers Market Statistical Forecast and Trade Analysis (2024-2031) | Ashland Global Holdings Inc, Corbion N.V, Evonik Industries AG

Bioresorbable Polymers Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Bioresorbable Polymers market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Bioresorbable Polymers market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Bioresorbable Polymers Market reached USD 1.2 billion in 2022 and is expected to reach USD 3.3 billion by 2031 growing with a CAGR of 13.4% during the forecast period 2024-2031

What is Bioresorbable Polymers Market?

Bioresorbable polymers are a class of biodegradable polymers that can be broken down and absorbed by the body over time. These materials are designed to degrade in physiological environments, making them suitable for various medical applications, including drug delivery systems, sutures, and scaffolds for tissue engineering. Bioresorbable polymers are often used in applications where temporary support or drug release is needed, allowing for natural healing processes to take place without leaving permanent materials in the body. Their ability to safely dissolve in bodily fluids reduces the risk of complications associated with non-biodegradable materials.

Growth Driver

Increasing Demand for Biocompatible Medical Devices

The demand for biocompatible medical devices is a key factor driving the growth of bioresorbable polymers in the healthcare industry. These materials are specifically designed to be compatible with the human body and do not produce adverse side effects. Bioresorbable polymers, also known as biodegradable or absorbable polymers, are gaining traction due to their safety and effectiveness in medical applications.

Key Players:

Profiles of some of the major players in the global Bioresorbable Polymers market, which include:

Ashland Global Holdings Inc, Corbion N.V, Evonik Industries AG, Poly-Med Inc, KLS Martin Group, Foster Corporation, Zeus Industrial Products, Seqens Group, REVA Medical, LLC, Nomisma Healthcare Pvt. Ltd.

Industry Development:

For example, on June 21, 2023, Solvay launched Naternal, its new brand of biodegradable polymer designed as an eco-friendly solution for hair and skin care. This innovative product is derived from guar, a biodegradable beauty care polymer.

On June 24, 2022, Novozymes entered into a partnership with the French biotech company Carbios to develop biodegradable plastics. This collaboration aims to commercialize advancements in biodegradable plastic technology.

Additionally, on June 17, 2020, a biodegradable plastic known as Truly Green Plastic was introduced, incorporating as a carbon source. This initiative was a joint effort between Lambton College and Ventures Inc., resulting in the launch of this bio-based polymer.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Bioresorbable Polymers market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type: Polylactic acid (PLA), Polyglycolic acid (PGA), Poly (lactic-co-glycolic acid) (PLGA), Polycaprolactone (PCL), Others

By Application: Orthopedic devices, Drug delivery, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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