Bioresorbable polymers are a technological material that does not require mechanical removal as it is broken down by the body. These polymers are also known as a bio-degradable polymer as it is absorbed by the body and is a part of the dissolvable material category. Bioresorbable polymers have features such as high strength and flexibility and high degradation rates. The features of bioresorbable polymers decrease the post-surgery risk and eliminate the need to remove the temporary implants with the help of second surgery.
MARKET DYNAMICS
The growing demand for bioresorbable polymers from the orthopedic and drug delivery industry due to the characteristics of the polymer is driving the growth of the market. The polymers are most suited for drug delivery application as it is neutral in nature and is harmless when it has been decomposed in the body. There is an increase demand for drugs and medicines across the world, as well as a rise in surgeries, and growing awareness among the consumers is also driving the bioresorbable polymer market. The high cost of the bioresorbable polymer may act as a restricting factor for the market.
MARKET SCOPE
The "Global Bioresorbable Polymer Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bioresorbable polymer market with detailed market segmentation by type, application and geography. The global bioresorbable polymer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bioresorbable polymer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Bioresorbable Polymer Market is segmented on the basis of type and application. On the basis of type the bioresorbable polymer market is segmented into agro-polymers, protein, polysaccharides, bio-polyesters, polylactic acid, polyglycolic acid, and polycaprolactone. On the basis of application, the market is segmented into orthopedics, drug delivery and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bioresorbable polymer market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bioresorbable polymer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bioresorbable polymer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bioresorbable polymer market in these regions.
MARKET PLAYERS
The reports cover key developments in the bioresorbable polymer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from bioresorbable polymer market are anticipated to lucrative growth opportunities in the future with the rising demand for bioresorbable polymer in the global market. Below mentioned is the list of few companies engaged in the bioresorbable polymer market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bioresorbable polymer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Corbion
- Poly-Med Incorporated
- Foster Corporation.
- Evonik Industries AG
- DURECT Corporation
- Merck KGaA
- Zeus Industrial Products, Inc.
- Ashland
- DSM
- KLS Martin Group
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