Bioresorbable Polymers Market Size & Share, by Type (Agro-Polymers, Polycaprolactone, Polysaccharides, Proteins); Application (Sutures, Orthopedic Fixation Devices, Dental Implants, Tissue Staples, Drug Delivery Devices) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3069
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Bioresorbable Polymers Market size was over USD 1.49 billion in 2023 and is set to exceed USD 7.82 billion by the end of 2036, witnessing over 13.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bioresorbable polymers is evaluated at USD 1.65 billion.

 

The growth of the market can be attributed to the increasing medical application of bioresorbable polymers, as it is biodegradable. The bioresorbable polymers dissolve inside the body with time, which eliminates the need for a second surgery to remove the transplant. The growing cases of patients with orthopedic and musculoskeletal issues, along with the increasing global geriatric population, is estimated to boost the market growth. Moreover, the features like flexibility, strength, and affordability of these polymers are projected to boost the market growth.


Global-Bioresorbable-Polymers-Market-Overview
Get more information on this report: Request Free Sample PDF

Bioresorbable Polymers Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Application of the Polymers in Healthcare Sector
  • Increasing Geriatric Population

Challenges

  • Lack of Advanced Healthcare Sector in Developing Nations

Bioresorbable Polymers Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

13.6%

Base Year Market Size (2023)

USD 1.49 billion

Forecast Year Market Size (2036)

USD 7.82 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Bioresorbable Polymers Segmentation

The market is segmented by application into sutures, orthopedic fixation devices, dental implants, tissue staples, drug delivery devices, and others, out of which, the orthopedic fixation devices segment is anticipated to hold a notable share in the market during the forecast period on account of increasing use of these polymers in orthopedic surgeries, as it reduces post-surgery complications, especially in the older population. Additionally, the dental implants segment is estimated to garner significant share during the forecast period owing to the increasing dental ailments, including, tooth decay, caused by consumption of junk foods.

Our in-depth analysis of the global market includes the following segments:

          By Type

  • Agro-Polymers
  • Polycaprolactone
  • Polysaccharides
  • Proteins
  • Others

          By Application

  • Sutures
  • Orthopedic Fixation Devices
  • Dental Implants
  • Tissue Staples
  • Drug Delivery Devices
  • Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Bioresorbable Polymers Industry - Regional Synopsis

Regionally, the bioresorbable polymers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America industry is estimated to hold largest revenue share by 2036, on the back of advanced healthcare system and high personal disposable income. Moreover, consumer friendly reimbursement policies on healthcare expenditure are another major factor estimated to boost the growth of the regional market. The market in the Europe region is anticipated to hold a significant share in the forecast period, owing to the high geriatric population in the region. As per the data by the World Bank, 20.463% of the total population of the European Union is above 65 years of age, as of 2019. The EU includes 27 countries, including France, Belgium, Germany, and Luxemburg among others.

Research Nester
Global-Bioresorbable-Polymers-Market-Share
Get more information on this report: Request Free Sample PDF

Companies Dominating the Bioresorbable Polymers Landscape

    • Evonik Industries AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Corbion NV
    • Ashland Global Holdings Inc.
    • Foster Corporation
    • Zeus Industrial Products, Inc.
    • Merck Group
    • Gebrüder Martin GmbH & Co. KG
    • Polymedicure Ltd.
    • Biogeneral, Inc.
    • Koninklijke DSM N.V.

In the News

  • April 30, 2021: Ashland Global Holdings Inc. announced the acquisition of the Schülke & Mayr GmbH, a leader in the field of infection prevention and hygiene solutions for more than 130 years.
  • March 04, 2021: Ashland Global Holdings Inc. announced the completion of expansion of Viatel bioresorbable polymers manufacturing facility to new site in Mullingar, Ireland.

Author Credits:  Rajrani Baghel


  • Report ID: 3069
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for bio degradable surgical implants and increasing geriatric population are the major factors driving the market growth.

The market is anticipated to attain a considerable CAGR over the forecast period, i.e., 2021-2029.

Lack of advanced healthcare facilities is one of the major factors estimated to hamper the market growth.

The market in the North America will provide the highest growth opportunities for the market during the forecast period on the back of advanced healthcare sector and increasing medical R&D activities in the region.

Growing demand for bio degradable surgical implants and increasing geriatric population are the major factors driving the market growth.
Bioresorbable Polymers Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample