Bioresorbable Polymer Market Size, Revenue Share Forecast 2030

Bioresorbable Polymers Market Overview:

The Bioresorbable Polymers Market was sized at USD 1.15 Billion in 2021, and the market is projected to witness a growth of USD 3.65 Billion by 2030.

Bioresorbable polymers are biocompatible materials that can be absorbed by the body after their intended function has been served. They are widely used in medical devices such as sutures, stents, and drug delivery systems. Bioresorbable polymers have numerous advantages over traditional materials, including reduced risk of inflammation, immune response, and infection.

The Bioresorbable Polymers Market is at a significant pace reaching a CAGR of approximately 13.6%, over the forecast period of 2022–2030, despite a considerable fall in Type sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

The rising prevalence of chronic diseases and the growing geriatric population are also driving the market growth. Moreover, the increasing investments in research and development activities to develop new and advanced bioresorbable polymers and the growing demand for eco-friendly packaging solutions are further boosting the market growth.

The increasing use of bioresorbable polymers in drug delivery systems and the growing adoption of bioresorbable polymer-based implants are major trends in the market. These trends help to reduce the need for additional surgical procedures and improve patient outcomes.

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Market Segment:

By Product Type

·         Polylactic Acid (PLA)

·         Polyglycolic Acid (PGA)

·         Poly-L-Lactic Acid (PLLA)

·         Polylactic-Co-Glycolic Acid (PLGA)

·         Polycaprolactone (PCL)

·         Others

By Classification

·         Natural

·         Synthetic

o   Renewable Resources

o   Petroleum-Based Resources

By Application

·         Orthopedic

·         Drug Delivery

·         Medical Devices

·         Others

The report includes a regional analysis and country analysis with the latest trends, along with the major key players including-

Danimer Scientific, Inc., Evonik, Corbion, DSM, Mitsui Chemicals, PCAS, Poly-Med, KLS Martin, 3D Biotek LLC, and Foster Corp.

North America is expected to hold the largest market share in the bioresorbable polymer market during the forecast period. This is due to the increasing adoption of bioresorbable polymers in medical applications and the growing demand for eco-friendly packaging solutions in the region.

The Bioresorbable Polymers Market Growth is expected significantly over the next few years in meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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