Bioresorbable Polymers Market Prophesied To Perceive A Significant Growth By 2030

Pune, India, June 04, 2018 /MRFR Press Release/- Market Research Future published a cooked  research report on “Global  Bioresorbable Polymers Market Research Report - Forecast to 2030”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.The Global Bioresorbable Polymers Market is driven by some of the leading players operating in the market including Evonik Industries Ag, Corbion N.V, Kls Martin Group, Foster Corporation, and Poly-Med. Profiling them in its analysis MRFR finds their strategies helping them to keep ahead in the market.

Bioresorbable Polymers Market   - Synopsis

Bioresorbable polymers are degradable polymers, used for making biological products for surgeries such as stents, tubing, and implants, etc. where the body needs temporary support while it heals tissues. Implants and suture threads made with these polymers, get safely absorbed by the body, leaving no traces of construction it was made of.  Therefore ruling out the need for an additional (revision) surgery to remove the implanted devices and stitches. 

Due to the benefits, Bioresorbable polymers provide in these certain medical applications; they are more preferred over traditional Permanent implants. Bioresorbable polymers, with their biocompatibility, have entirely changed the landscape of materials used in implantable medical devices, providing regenerative solutions. Therefore, the market for Bioresorbable polymers is garnering extensive accruals all over the world.

Considering the rapid market expansion, & the growth potential the market holds, Market Research Future (MRFR) recently published an in-depth study report, giving out complete market insights for the period 2022 – 2030. In its analysis MRFR asserts that the global Bioresorbable polymers market is forecasted to grow exponentially by 2030, registering a staggering CAGR during the review period.

Controlled drug delivery matrix is another key application area of Bioresorbable polymers, substantiating the market growth. Other factors predominantly contributing to the market growth include increasing population, promoting the growing need for effective healthcare and the well-spread awareness about the benefits of medical Bioresorbable polymers.

Besides, factors such as augmented inclination of patients towards using implants or surgical threads made with Bioresorbable Polymer material drives the market growth. Also, patient’s preference towards avoiding surgeries and adopt controlled drug delivery matrix instead, along with the growing prevalence of chronic diseases, disorders and increasing accident rate that lead to the need of stitches, surgeries, and implants, boost the market growth of Bioresorbable Polymers, globally.

Rising per capita income across the globe coupled with the extensive demand for Bioresorbable Polymers for the drug delivery provide impetus to the market growth of Bioresorbable Polymers. Other trends that would contribute to the Bioresorbable Polymers market growth include Biodegradable polymeric microspheres in chemotherapeutic drug delivery, 3D printing technologies, and Electrospinning.

3D printing has already been established in the dental area, in the manufacturing of temporary tooth implants and manufacturing of customized models used in the surgeons' training for a complex operation.  There is ongoing evaluation into the development of patient-specific biodegradable implants consisting of PCL (polycaprolactone) and PLGA.

Conversely, the high cost of Bioresorbable Polymers coupled with the volatile price structure of raw materials used in Bioresorbable Polymers production occurred due to the variations in the cost of crude oil, are some of the factors impeding the market growth substantially. Nevertheless, Medical Polymer implants manufacturers in the US prefer venturing into the developing regions such as APAC, which will fuel the Bioresorbable Polymers market growth largely.

Bioresorbable Polymers Market   - Competitive Analysis

The global Bioresorbable Polymers market is well-established with several players having the presence in the international and regional market; illustrate the market as highly competitive yet consolidated. Those players compete based on innovation, product features, quality, cost, and financial stability. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players. Major players are investing in internal R&D and, most of all, in acquiring other firms.

Industry/ Innovation/ Related News

May 15, 2018 - REVA Medical, Inc. (US), a leader in bioresorbable polymer technologies for vascular applications, launched its new product - Fantom bioresorbable scaffold in Turkey.

Bioresorbable Polymers Market   - Segments

MRFR has segmented the report into three Key dynamics for enhanced understanding:-

By Types             :  Comprises - Polysaccharides, Proteins, Polylactic Acid, Polyglycolic Acid and Polycaprolactone.

By Applications   :  Drug Delivery and Orthopedics.

By Regions                    :  North America, Europe, APAC and Rest of the World.

Global Bioresorbable Polymers Market   -

Regional Analysis

Asia-Pacific region emerging as the most promising market for Bioresorbable polymers globally accounted for the largest market share in 2016.  Due to the growing healthcare sector in the region, APAC is projected to continue its lead throughout the review period as well. Moreover, growing population and the increasing per capita income are primarily driving the growth of the Bioresorbable polymers market in the countries such as India and China, giving Asia-Pacific a competitive advantage over other regions.

North America region is another lucrative market for Bioresorbable polymers in the global space, owning a substantial market share. Owing to a well-penetrated healthcare sector, the Americas market is anticipated to grow significantly during the review period. The US, accounting for one of the five largest markets for Bioresorbable polymers, stands as the primary growth driver for the regional market.

Europe, market accounting for the third largest market for Bioresorbable polymers, is poised to witness steady growth in the next few years. The well-established healthcare industry and radiation therapy equipment is further augmenting the growth of the market.

Growing markets in the countries such as Russia, Germany, and the Netherlands, backed by the increasing investments in the Drug Delivery and Orthopedics predominantly drive the regional market growth.

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