Bioresorbable Polymers Market 2018-2024 Latest Technology Innovations, Size, Growth and Forecasted Report

The report "Bioresorbable Polymers Market by Product Type (Proteins, Polylactic Acid, Polyglycolic Acid, Polycaprolactone, Polysaccharides, and Others), Application (Drug Delivery, Orthopedics, and Others) - Global Industry Analysis, Trends analysis and Forecast up to 2024 studies the world as well as regional markets including North America, Europe, Asia Pacific and RoW (Including Latin America, Middle East and Africa)", global bioresorbable polymers market is projected to grow at a CAGR of 13.9% over the forecast period of 2018 – 2024. Factors driving the growth of this market include minimizing post-surgery risk coupled with cost effectiveness brought by bioresorbable polymers, growing incidence of chronic disease & disorders leading to surgeries and increasing demand for bioresorbable polymers from drug delivery application.

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Polylactic acidis estimated to account for the largest share of the market in 2018

By product type, the bioresorbable polymers market is classified into proteins, polylactic acid, polyglycolic acid, polycaprolactone, polysaccharides, and others. The polylactic acid segment is expected to lead the global bioresorbable polymers in 2018. Factors driving the growth of this segment include increasing adoption of polylactic acid in the medical surgeries owing to its biodegradable properties and growing demand for polylactic acid products due to versatility, cost effectiveness and non-petroleum.

Drug Deliveryis estimated to command the largest share of the market during the forecast period

Based onapplication, the bioresorbable polymers market is categorized into drug delivery, orthopedics, and others. The drug delivery segment is estimated to account for the largest share of the global bioresorbable polymers market during the forecast period. Increasing shift of consumers towards avoiding surgeries and preferring controlled drug delivery matrix as bioresorbable polymers get completely biodegraded in the human body without carrying second surgery for removing implantsis the key factor driving the growth of this application segment.

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North America is estimated to command the largest share of the market

Based on region, the bioresorbable polymers market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to dominate the bioresorbable polymers market in 2018. This is attributed to factors such as technically high healthcare infrastructure across the region, increasing adoption of bioresorbable polymers in medical sector owing to their weather enhanced quality and rising demand from drug delivery and orthopaedic application in the region.

The report profiles some of the key companies in the bioresorbable polymers market including Foster Corporation, Carbion NV, Evonik Industries AG, KLS Martin, Poly-Med, Sigma-Aldrich, Mar-Lee Companies, LACTEL Absorbable Polymers, Galatea Surgical, and Edge Design Services.

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