Bioresorbable Polymers Market - Market Size & Forecasting (2017-2028)

The bioresorbable polymers market was estimated at USD 1,120.3 million in 2020 and is anticipated to reach USD 2,651.1 million in 2028, at a CAGR of 11.4% during the forecast period. Based on volume, the market was valued at 79,356.7 tons in 2020 and is expected to reach 199,802.6 tons by 2028, at a CAGR of 12.2% during the analysis period.

Bioresorbable polymers are those that degrade fully within the human body without posing a danger. This helps doctors to reduce the patient's post-surgery risks and avoid the need for a second procedure to remove temporary implants. The global demand for bioresorbable polymers has been growing rapidly in recent years as a result of increased patient awareness, government efforts to improve healthcare systems, and consumers' high disposable income in developed economies.

The major factor for the growth of the bioresorbable polymers market is an increase in patient comfort brought about by bioresorbable polymers. Traditional materials remain in the body after an operation, which necessitates a second minor surgery to remove them, posing some health risks to the patient. Bioresorbable polymers eliminate both these disadvantages due to their property of disintegrating inside the body over a period of time. Furthermore, the growing demand for bioresorbable polymers for drug delivery is another factor that will drive the growth of the global bioresorbable polymers market.

This research report categorizes the market for bioresorbable polymers based on various segments and region and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the bioresorbable polymers market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the bioresorbable polymers market. The report strategically identifies and profiles the key market players and analyses their core competencies in each type and application of the bioresorbable polymers market.

Based on type, the market is segmented into polylactic acid, polysaccharides, polyglycolic acid, polycaprolactone, PLGA, and others. Among these, the polylactic acid segment is dominating the global bioresorbable polymers market. This is due to various advantages associated with polylactic acid. PLA-based products have the advantage of being naturally converted to lactic acid in the body at low concentrations and then safely excreted.

Based on application, the market is segmented into orthopedics, drug delivery, and others. Among these segments, the orthopedics segment is dominating the global bioresorbable polymers market. The factors contributing to the growth of the orthopedic segment include high demand for bioresorbable polymer in the trauma and knee sub-applications. Bioresorbable polymers are utilized in orthopedics to encourage faster bone healing with novel medical devices. These polymers are engineered to have mechanical properties that match the natural bone and minimize stress shielding. The drug delivery segment is expected to witness the fastest growth in the forecast period. This is due to patient’s non-willingness to take injections or other procedures repeatedly, and the major breakthroughs made in novel drug delivery systems which was only possible due to polymer science.

By region, this market has been segmented as North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of World. Among these regions, the North America is accounted to dominate the global bioresorbable polymers market in the forecast period. The factors contributing to the growth of this regional market are high level of technological advancement and expenditure in the healthcare sector in the U.S. and Canada and increasing product consumption in drug delivery and orthopedics applications in the region. Healthcare systems across the U.S. are continuously involved in making strategic investments in business intelligence analytics for the development of the healthcare sector, which is playing a major role in market development.

WHAT THIS STUDY PROVIDES

Global market and submarket forecast covering the period of 2017 to 2028, with accompanying analysis
Bioresorbable Polymers market and submarket forecast covering the period of 2017 to 2028, with accompanying analysis
Extensive details and analysis of contracts, projects, and programs
Analysis of game-changing technological trends and how these will shape the industry
Explanation or political, regulatory, and technical factors to consider
Barriers to entry analysis for markets around the world
Profiles of leading companies operating within the sector with market share analysis
SWOT analysis of the major strengths and weaknesses of the market, together with the opportunities available and the key threats faced
Market conclusions & recommendations

KEY QUESTIONS ANSWERED BY THIS REPORT

How the bioresorbable polymers market is evolving?
What is driving and restraining bioresorbable polymers dynamics?
How will each bioresorbable polymers submarket segment grow over the forecast period and how much sales will these submarkets account for in 2028?
How will market shares of each bioresorbable polymers’ submarket develop from 2017-2028?
Which Bioresorbable polymers submarket will be the main driver of the overall market from 2017-2028?
How will political and regulatory factors influence regional Bioresorbable polymers markets and submarkets?
Will leading national bioresorbable polymers broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
Who are the leading players and what are their prospects over the forecast period?
How will the sector evolve as alliances form during the period between 2017 and 2028?

Frequently Asked Questions about the Bioresorbable Polymers Market

What is the estimated value of the Bioresorbable Polymers Market?

The Bioresorbable Polymers Market was estimated to be valued at $845.3 Million in 2017.

What is the growth rate of the Bioresorbable Polymers Market?

The growth rate of the Bioresorbable Polymers Market is 11.0%, with an estimated value of $2651.1 Million by 2028.

What is the forecasted size of the Bioresorbable Polymers Market?

The Bioresorbable Polymers Market is estimated to be worth $2651.1 Million by 2028.

Who are the key companies in the Bioresorbable Polymers Market?

Key companies in the Bioresorbable Polymers Market include Ashland Global Holdings Inc., Dsm, Corbion, Toray Industries Inc., Evonik Industries, Poly Med Inc., Mast Biosurgery, Kls Martin Group and Foster Corporation.

Report Attribute	Details
No. of Pages	106
Published	March 2021
Forecast Period	2017 - 2028
Estimated Market Value ( USD ) in 2017	$ 845.3 Million
Forecasted Market Value ( USD ) by 2028	$ 2651.1 Million
Compound Annual Growth Rate	11.0%
Regions Covered	Global

1 Market Abstract

1.1 Global Bioresorbable Polymers Market, by Type
1.2 Global Bioresorbable Polymers Market, by Application
1.3 Global Bioresorbable Polymers Market, by Region

2 Market Introduction

2.1 Market Scope
2.2 Key Definitions-Content
2.2.1 Polylactic Acid
2.2.2 Polysaccharides
2.2.3 Polyglycolic Acid
2.2.4 Polycaprolactone
2.2.5 Plga (Poly Lactic-Co-Glycolic Acid)
2.2.6 Orthopedics
2.2.7 Drug Delivery
2.2.8 Bioresorbable
2.2.9 Polymer
2.2.10 Bioresorbable Polymer
2.2.11 Orthopedic Screws
2.2.12 Composite Materials
2.2.13 Osteoconductive Properties
2.2.14 Resorption

3 Research Practice

3.1 Research Practice
3.1.1 Supply Based Analysis
3.1.2 Demand Based Analysis
3.1.3 Global Level Analysis
3.1.4 Country Level Analysis
3.1.5 Triangulation
3.2 Primary Data
3.3 Secondary Data
3.4 Market Evaluation & Forecasting Methodology
3.5 Assumptions/ Limitations for the Study
3.6 What this Study Provides
3.7 Key Questions Answered by this Report
3.8 this Study is Intended for

4 Key Related Data

4.1 Competitive Benchmarking
4.1.1 Product Positioning
4.1.2 Regional Reach Positioning
4.2 Major Investments in Last Five Years by Global Players
4.3 Key Industry Trends in Major Countries
4.3.1 U.S.
4.3.2 Germany
4.3.3 China
4.3.4 India
4.4 Technological Advancements
4.4.1.1 Bioresorbable Scaffolds With Polymer Technology
4.4.1.2 Polymeric 3D Scaffolds
4.5 Guidelines & Regulations
4.6 Covid- 19 Impact on Bioresorbable Polymers Market
4.6.1 U.S.
4.6.2 Canada
4.6.3 UK
4.6.4 Germany
4.6.5 France
4.6.6 China
4.6.7 India

5 Impact Factor Analysis

5.1 Drivers/Restraints/Opportunities/Challenges
5.1.1 Drivers
5.1.1.1 Patient-Friendly Bioresorbable Polymer Screws
5.1.1.2 Growing Demand in Drug Delivery Application
5.1.2 Restraints
5.1.2.1 Higher Cost of Bioresorbable Polymers Than That of Conventional Polymers
5.1.3 Opportunities
5.1.3.1 Electrospinning and 3D Printing Technologies
5.1.4 Challenges
5.1.4.1 Issues Related to Quality Control in Developing Economies

6 Market Development Analysis

6.1 Overview
6.2 New Product Launch (2015-2021)
6.3 Mergers and Acquisitions (2015-2021)
6.4 Partnerships/Agreements/Collaborations (2015-2021)

7 Bioresorbable Polymers Market, by Type

7.1 Introduction
7.2 Polylactic Acid
7.3 Polysaccharides
7.4 Polyglycolic Acid
7.5 Polycaprolactone
7.6 Plga (Poly Lactic-Co-Glycolic Acid)
7.7 Other Bioresorbable Polymers Types
7.7.1 Poly-D-Lactic Acid
7.7.2 Polycyanoacrylates
7.7.3 Polyanhydrides

8 Bioresorbable Polymers Market, by Application

8.1 Introduction
8.2 Orthopedics
8.3 Drug Delivery
8.4 Other Applications

9 Bioresorbable Polymers Market, Regional Analysis

9.1 Introduction
9.2 North America
9.3 Western Europe
9.4 Eastern Europe
9.5 Asia-Pacific
9.6 Middle East
9.7 Rest of the World

10 Company Profile

10.1 Ashland Global Holdings Inc.
10.1.1 Company Overview
10.1.2 Ashland Global Holdings, Inc.: Financial Overview
10.1.3 Ashland Global Holdings, Inc.: Product Overview
10.1.4 Ashland Global Holdings Inc.: SWOT Analysis
10.1.5 Ashland Global Holdings Inc.: Key Developments
10.2 Dsm
10.2.1 Company Overview
10.2.2 Dsm: Financial Overview
10.2.3 Dsm: Product Overview
10.3 Corbion
10.3.1 Company Overview
10.3.2 Corbion: Financial Overview
10.3.3 Corbion: Product Overview
10.4 Toray Industries, Inc.
10.4.1 Company Overview
10.4.2 Toray Industries, Inc: Financial Overview
10.4.3 Toray Industries, Inc: Product Overview
10.4.4 Toray Industries, Inc: Key Developments
10.5 Evonik Industries
10.5.1 Company Overview
10.5.2 Evonik Industries: Financial Overview
10.5.3 Evonik Industries: Product Overview
10.5.4 Evonik Industries: SWOT Analysis
10.5.5 Evonik Industries: Key Developments
10.6 Poly Med Inc.
10.6.1 Company Overview
10.6.2 Poly Med Inc: Product Overview
10.6.3 Poly Med Inc: Key Developments
10.7 Mast Biosurgery
10.7.1 Company Overview
10.7.2 Mast Biosurgery: Product Overview
10.8 Kls Martin Group
10.8.1 Company Overview
10.8.2 Kls Martin Group: Product Overview
10.9 Abmcomposite
10.9.1 Company Overview
10.9.2 Abmcomposite: Product Overview
10.10 Foster Corporation
10.10.1 Company Overview
10.10.2 Foster Corporation: Product Overview
10.10.3 Foster Corporation: Key Developments
10.11 Zeus Industrial Products, Inc.
10.11.1 Company Overview
10.11.2 Zeus Industrial Products, Inc.: Product Overview
10.11.3 Zeus Industrial Products, Inc.: Key Developments
10.12 Other Companies
10.13 List of Abbreviation
10.14 Key Related Reports

List of Tables

Table 1 Major Investments
Table 2 Regulatory Codes for Basic Plastic Components
Table 3 New Product Launch (2015-2021)
Table 4 Mergers and Acquisitions (2015-2021)
Table 5 Partnerships/Agreements/Collaborations (2015-2021)
Table 6 Bioresorbable Polymers Market, by Type (Usd Million) 2017-2028
Table 7 Bioresorbable Polymers Market, by Type (Tons) 2017-2028
Table 8 Polylactic Acid Market, by Region (Usd Million)
Table 9 Polylactic Acid Market, by Region (Tons)
Table 10 Polysaccharides Market, by Region (Usd Million)
Table 11 Polysaccharides Market, by Region (Tons)
Table 12 Polyglycolic Acid Market, by Region (Usd Million)
Table 13 Polyglycolic Acid Market, by Region (Tons)
Table 14 Polycaprolactone Market, by Region (Usd Million)
Table 15 Polycaprolactone Market, by Region (Tons)
Table 16 Plga Market, by Region (Usd Million)
Table 17 Plga Market, by Region (Tons)
Table 18 Other Bioresorbable Polymers Types Market, by Region (Usd Million)
Table 19 Other Bioresorbable Polymers Types Market, by Region (Tons)
Table 20 Bioresorbable Polymers Market, by Application (Usd Million) 2017-2028
Table 21 Bioresorbable Polymers Market, by Application (Tons) 2017-2028
Table 22 Orthopedics Market, by Region (Usd Million)
Table 23 Orthopedics Market, by Region (Tons)
Table 24 Drug Delivery Market, by Region (Usd Million)
Table 25 Drug Delivery Market, by Region (Tons)
Table 26 Other Applications Market, by Region (Usd Million)
Table 27 Other Applications Market, by Region (Tons)
Table 28 Bioresorbable Polymers Market, by Region (Usd Million)
Table 29 Bioresorbable Polymers Market, by Region (Usd Million)
Table 30 North America Bioresorbable Polymers Market, by Country (Usd Million) 2017-2028
Table 31 North America Bioresorbable Polymers Market, by Country (Tons) 2017-2028
Table 32 North America Bioresorbable Polymers Market, by Type (Usd Million) 2017-2028
Table 33 North America Bioresorbable Polymers Market, by Type (Tons) 2017-2028
Table 34 North America Bioresorbable Polymers Market, by Application (Usd Million) 2017-2028
Table 35 North America Bioresorbable Polymers Market, by Application (Tons) 2017-2028
Table 36 Western Europe Bioresorbable Polymers Market, by Country (Usd Million) 2017-2028
Table 37 Western Europe Bioresorbable Polymers Market, by Country (Tons) 2017-2028
Table 38 Western Europe Bioresorbable Polymers Market, by Type (Usd Million) 2017-2028
Table 39 Western Europe Bioresorbable Polymers Market, by Type (Tons) 2017-2028
Table 40 Western Europe Bioresorbable Polymers Market, by Application (Usd Million) 2017-2028
Table 41 Western Europe Bioresorbable Polymers Market, by Application (Tons) 2017-2028
Table 42 Eastern Europe Bioresorbable Polymers Market, by Country (Usd Million) 2017-2028
Table 43 Eastern Europe Bioresorbable Polymers Market, by Country (Usd Million) 2017-2028
Table 44 Eastern Europe Bioresorbable Polymers Market, by Type (Usd Million) 2017-2028
Table 45 Eastern Europe Bioresorbable Polymers Market, by Type (Tons) 2017-2028
Table 46 Eastern Europe Bioresorbable Polymers Market, by Application (Usd Million) 2017-2028
Table 47 Eastern Europe Bioresorbable Polymers Market, by Application (Tons) 2017-2028
Table 48 Asia-Pacific Bioresorbable Polymers Market, by Country (Usd Million) 2017-2028
Table 49 Asia-Pacific Bioresorbable Polymers Market, by Country (Tons) 2017-2028
Table 50 Asia-Pacific Bioresorbable Polymers Market, by Type (Usd Million) 2017-2028
Table 51 Asia-Pacific Bioresorbable Polymers Market, by Type (Tons) 2017-2028
Table 52 Asia-Pacific Bioresorbable Polymers Market, by Application (Usd Million) 2017-2028
Table 53 Asia-Pacific Bioresorbable Polymers Market, by Application (Tons) 2017-2028
Table 54 Middle East Bioresorbable Polymers Market, by Country (Usd Million) 2017-2028
Table 55 Middle East Bioresorbable Polymers Market, by Country (Usd Million) 2017-2028
Table 56 Middle East Bioresorbable Polymers Market, by Type (Usd Million) 2017-2028
Table 57 Middle East Bioresorbable Polymers Market, by Type (Tons) 2017-2028
Table 58 Middle East Bioresorbable Polymers Market, by Application (Usd Million) 2017-2028
Table 59 Middle East Bioresorbable Polymers Market, by Application (Tons) 2017-2028
Table 60 Rest of the World Bioresorbable Polymers Market, by Country (Usd Million) 2017-2028
Table 61 Rest of the World Bioresorbable Polymers Market, by Country (Tons) 2017-2028
Table 62 Rest of World Bioresorbable Polymers Market, by Type (Usd Million) 2017-2028
Table 63 Rest of World Bioresorbable Polymers Market, by Type (Tons) 2017-2028
Table 64 Rest of World Bioresorbable Polymers Market, by Application (Usd Million) 2017-2028
Table 65 Rest of World Bioresorbable Polymers Market, by Application (Tons) 2017-2028

List of Figures

Figure 1 Bioresorbable Polymers Market: by Type, 2020 & 2028
Figure 2 Bioresorbable Polymers Market: by Application, 2020 & 2028
Figure 3 Bioresorbable Polymers Market: by Region, 2017-2028
Figure 4 Bioresorbable Polymers Market - Market Scope
Figure 5 Bioresorbable Polymers Market -Research Practice
Figure 6 Bioresorbable Polymers Market -Research Methodology
Figure 7 Bioresorbable Polymers Market -Primary and Secondary Research
Figure 8 Product Positioning Segment Wise
Figure 9 Droc Analysis
Figure 10 Bioresorbable Polymers Market, by Type
Figure 11 Bioresorbable Polymers Market, by Application
Figure 12 Bioresorbable Polymers Market - by Region
Figure 13 North America Bioresorbable Polymers Market Snapshot
Figure 14 North America Bioresorbable Polymers Market - by Country
Figure 15 North America Bioresorbable Polymers Market - by Type
Figure 16 North America Bioresorbable Polymers Market - by Application
Figure 17 Western Europe Bioresorbable Polymers Market Snapshot
Figure 18 Western Europe Bioresorbable Polymers Market - by Country
Figure 19 Western Europe Bioresorbable Polymers Market - by Type
Figure 20 Western Europe Bioresorbable Polymers Market - by Application
Figure 21 Eastern Europe Bioresorbable Polymers Market Snapshot
Figure 22 Eastern Europe Bioresorbable Polymers Market - by Country
Figure 23 Eastern Europe Bioresorbable Polymers Market - by Type
Figure 24 Eastern Europe Bioresorbable Polymers Market - by Application
Figure 25 Asia-Pacific Bioresorbable Polymers Market Snapshot
Figure 26 Asia-Pacific Bioresorbable Polymers Market - by Country
Figure 27 Asia-Pacific Bioresorbable Polymers Market - by Type
Figure 28 Asia-Pacific Bioresorbable Polymers Market - by Application
Figure 29 Middle East Bioresorbable Polymers Market Snapshot
Figure 30 Middle East Bioresorbable Polymers Market - by Country
Figure 31 Middle East Bioresorbable Polymers Market - by Type
Figure 32 Middle East Bioresorbable Polymers Market - by Application
Figure 33 Rest of the World Bioresorbable Polymers Market Snapshot
Figure 34 Rest of the World Bioresorbable Polymers Market - by Region
Figure 35 Rest of the World Bioresorbable Polymers Market - by Type
Figure 36 Rest of World Bioresorbable Polymers Market - by Application
Figure 37 Ashland Global Holdings Inc.: (Business Overview)
Figure 38 Ashland Global Holdings Inc.: SWOT Analysis
Figure 39 Dsm (Business Overview)
Figure 40 Dsm (Financial Overview)
Figure 41 Dsm: SWOT Analysis
Figure 42 Corbion (Business Overview)
Figure 43 Corbion (Financial Overview)
Figure 44 Corbion: SWOT Analysis
Figure 45 Toray Industries, Inc. (Business Overview)
Figure 46 Toray Industries, Inc. (Financial Overview)
Figure 47 Toray Industries, Inc: SWOT Analysis
Figure 48 Evonik Industries (Business Overview)
Figure 49 Evonik Industries (Financial Overview)
Figure 50 Evonik Industries: SWOT Analysis
Figure 51 Poly Med Inc (Business Overview)
Figure 52 Mast Biosurgery (Business Overview)
Figure 53 Kls Martin Group (Business Overview)
Figure 54 Abmcomposite (Business Overview)
Figure 55 Foster Corporation: (Business Overview)
Figure 56 Zeus Industrial Products, Inc.: (Business Overview)