Ethicon Inc. part of Johnson & Johnson Medical Devices Company announced the approval from NICE Medical Technologies guidance to become the first ever sutures with antibacterial protection that are suitable for application in National Health Service.
Teleflex Incorporated came in agreement with W.L. Gore & Associates, Inc. to employ Gore's GORE SEAMGUARD Bioabsorbable Staple Line Reinforcement material in a Teleflex-designed staple line reinforcement device for use with the Titan SGS® Powered Stapling Device.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4958
Published Date: May 24, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for sustainable packaging, 3d printing, and medical sutures are the major factors driving the market growth.
The market size of polyglycolic acid is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023-2035.
High cost of production and unawareness regarding its benefits are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Corbion NV, Shenzhen Polymtek Biomaterial Co. Ltd., BMG Incorporated, HuizhoForyou Medical Devices Co., Ltd., Teleflex Incorporated, Du Pont de Nemours, Inc., Foster Group, Inc., Samyang Holdings Biopharma Group, Ethicon Inc., and Kureha Corporation
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by form, end user, and by region.
The medical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.