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    Bioresorbable Polymers Market

    ID: MRFR/CnM/0463-CR
    185 Pages
    Anshula Mandaokar
    February 2023

    Bioresorbable Polymers Market Research Report Information By Type (Agro-Polymers, and Bio-Polyesters), By Application (Orthopedic, Drug Delivery, Biodegradable Devices, and Others) And By Region (North America, Europe, Asia-Pacific, Latin America And Middle East & Africa) - Forecast Till 2030

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    Bioresorbable Polymers Market Research Report - Global Forecast till 2030 Infographic
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    Bioresorbable Polymers Market Summary

    The Global Bioresorbable Polymers Market is projected to grow from 1.59 USD Billion in 2024 to 6.71 USD Billion by 2035, indicating a robust growth trajectory.

    Key Market Trends & Highlights

    Bioresorbable Polymers Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 14.01% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 6.71 USD Billion, reflecting increasing demand.
    • In 2024, the market is valued at 1.59 USD Billion, showcasing a solid foundation for future growth.
    • Growing adoption of bioresorbable polymers due to their biocompatibility is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.59 (USD Million)
    2035 Market Size 6.71 (USD Million)
    CAGR (2025-2035) 14.01%

    Major Players

    Evonik Industries AG, Corbion NV, Foster Corporation, Poly-Med Inc., REVA Medical, Inc, Groupe PCAS, Merck KGaA, Koninklijke DSM N.V, KLS Martin, Ashland

    Bioresorbable Polymers Market Trends

      • INCREASING DEMAND FOR BIORESORBABLE POLYMERS FOR DRUG DELIVERY APPLICATION

    Polymers have significantly contributed to the improvement of drug delivery technology by enabling the regulated release of therapeutic agents in consistent dosages over extended periods, cyclic dosing, and various releases of both hydrophilic and hydrophobic medicines. The area has expanded significantly from its early days of employing common materials. The rational design of polymers made to exert certain biological activities and customized for a specific cargo is currently the foundation for contemporary advancements in drug delivery.

    Bioresorbable polymers provide monitored release to the needed site, stability to imbalanced molecules (e.g., proteins), and has ability to alter surfaces with ligands for secrecy and targeted drug delivery purposes in the human body.

    In polymer therapies and nanomedicines, polymers have been used extensively. Solid, mostly spherical structures made from organic or

    synthetic

    polymers are known as polymeric nanoparticles. One of the most significant biological uses of polymeric nanoparticles is drug delivery. A variety of drug delivery systems, including tiny hydrophilic and hydrophobic medicines, vaccines, peptides, and biological macromolecules, have been tested to deliver polymeric nanoparticles. The biodegradable polymers that produce polymeric nanoparticles most successfully include various grades of poly(lactide-co-glycolide) and poly(lactide) copolymers. Hence extensive properties of bioresorbable polymers for novel drug delivery systems, nanomedicines, and others will drive the bioresorbable polymers market in the forecast period.

    Thus, increasing demand for drug delivery systems from the medical sector industry is a factor driving the growth of the Bioresorbable polymers market revenue.

    In September 2023, Zeus, a leader in global advanced polymer solutions, announced that it had developed Absorv™ XSE oriented tubing. It is the latest addition to its portfolio of bioabsorbable products. Absorb XSE comes in different resins and expanded sizes, which make it highly customizable and an alternative to metallics implanted permanently within the human body. With this flexibility, medical device manufacturers can consider other applications of BRS beyond coronary artery disease treatment. Further developments can be made within the cardiovascular system, peripheral vascular system, and Ear Nose Throat (ENT), among others.

    Evonik revealed the RESOMER Precise platform in June 2020, which represents a major advance in personalized functional polymeric excipients for custom drug products. With this technological novelty, pharmaceutical companies can develop parenteral drug delivery systems with unrivaled accuracy and precision in the control of their release profiles. In addition to improving drug product stability, the novel RESOMER platform also reduces regulatory risks associated with various complex parenteral drug products that are made using Evonik's advanced and unique process technology.

    The increasing demand for sustainable medical solutions is driving innovation in the bioresorbable polymers sector, as these materials offer the potential for reduced environmental impact and enhanced patient outcomes.

    U.S. National Institutes of Health

    Bioresorbable Polymers Market Drivers

    Market Growth Projections

    The Global Bioresorbable Polymers Market Industry is projected to experience substantial growth, with estimates indicating a rise from 1.59 USD Billion in 2024 to 6.71 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 14.01% from 2025 to 2035. Factors contributing to this expansion include increasing applications in the medical field, heightened environmental awareness, and ongoing technological advancements. As the industry evolves, it is likely to attract significant investments, further enhancing its growth potential. These projections underscore the importance of bioresorbable polymers in addressing contemporary challenges in sustainability and healthcare.

    Rising Demand in Medical Applications

    The Global Bioresorbable Polymers Market Industry experiences heightened demand in the medical sector, particularly for applications such as sutures, drug delivery systems, and orthopedic devices. Bioresorbable polymers offer the advantage of eliminating the need for surgical removal, thus enhancing patient comfort and reducing healthcare costs. For instance, the market is projected to reach 1.59 USD Billion in 2024, driven by innovations in biocompatible materials. As healthcare providers increasingly adopt these materials, the industry is likely to witness robust growth, indicating a shift towards more sustainable medical solutions.

    Environmental Sustainability Initiatives

    Growing awareness regarding environmental sustainability significantly influences the Global Bioresorbable Polymers Market Industry. As industries seek alternatives to traditional plastics, bio-based polymers present a viable solution. These materials decompose naturally, reducing plastic waste and pollution. Governments worldwide are implementing regulations to promote biodegradable materials, further propelling market growth. The industry could potentially expand to 6.71 USD Billion by 2035, reflecting a compound annual growth rate of 14.01% from 2025 to 2035. This trend indicates a collective shift towards eco-friendly practices across various sectors, including packaging and consumer goods.

    Growing Consumer Awareness and Acceptance

    Consumer awareness regarding the benefits of bioresorbable polymers is on the rise, positively impacting the Global Bioresorbable Polymers Market Industry. As individuals become more informed about the environmental and health advantages of these materials, demand is likely to increase across various sectors. This shift in consumer behavior encourages manufacturers to adopt bio-based materials in their products, particularly in packaging and medical applications. The growing acceptance of bioresorbable polymers could lead to a broader market presence, fostering competition and innovation. Consequently, this trend may contribute to the industry's projected growth trajectory in the coming years.

    Increased Research and Development Activities

    The Global Bioresorbable Polymers Market Industry benefits from increased research and development activities aimed at exploring new applications and improving existing materials. Academic institutions and private companies are collaborating to innovate bioresorbable polymers with enhanced mechanical properties and degradation rates. This focus on R&D is crucial for meeting the diverse needs of various industries, including healthcare and packaging. As a result, the market is expected to see a steady influx of novel products, which could drive growth and expand the range of applications. This emphasis on innovation is likely to solidify the industry's position in the global market.

    Technological Advancements in Polymer Production

    Technological innovations in the production of bioresorbable polymers are pivotal to the Global Bioresorbable Polymers Market Industry. Advances in polymer synthesis and processing techniques enhance the properties of these materials, making them more versatile for various applications. For example, improvements in 3D printing technology allow for the creation of customized bioresorbable implants, which can be tailored to individual patient needs. This adaptability is likely to attract more investments and research initiatives, thereby fostering market expansion. As these technologies evolve, the industry may witness a surge in applications across medical, pharmaceutical, and consumer sectors.

    Market Segment Insights

    Bioresorbable Polymers Application Insights

    The Bioresorbable polymers market segmentation, based on application, includes orthopedic, drug delivery, biodegradable devices, and others. The orthopedic segment accounted for the largest market share of 41.81% in 2021, with a market value of USD 549.46 million; it is expected to register a CAGR of 13.8% during the forecast period. Bioresorbable polymers such as polylactic acid (PLA) and polyglycolic acid (PGA) plays a prominent role in orthopedic as these polymers can be degraded by hydrolysis and enzymatic activity. They have strong physical and mechanical properties that are widely used in the production of medical devices for various orthopedic implant surgeries.

    The material used in an orthopedic implant will depend on the physical, mechanical, and degradation properties owing to the provide a better efficient product and beneficial for market growth.

    February 2020: Evonik Industries AG has launched its world-first bioresorbable polymer in powder form, suitable for high-resolution printing of implantable medical devices. Craniomaxillofacial (CMF) plates, scaffolds for soft tissue repair, spinal fusion cages, and dental mesh are among the implantable products that can use powder-based polymers to improve patient healing and device performance across dental, orthopedic, and soft tissue application areas.

    Get more detailed insights about Bioresorbable Polymers Market Research Report - Global Forecast till 2030

    Regional Insights

    By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World.  Among these, North America dominated the market with a share of 44.03%, accounting for USD 578.60 million in 2021; it is expected to register the highest CAGR of 12.60% from 2022 to 2030.

    Europe was the second largest with a share of 25.92% in 2021, sized at USD 340.59 million; it is projected to exhibit a CAGR of 11.9%.The North American market is mainly driven by the availability of raw materials and increasing demand for bioresorbable polymers across the region for various applications in medical, pharmaceutical, and others. Due to economic changes and increased per capita income, the healthcare sector is expanding throughout North America, including the US and Canada.

    Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Europe Bioresorbable polymers market accounts for the second-largest market share Bioresorbable polymers market is largely supplied by European countries such as the UK and Germany. The growing demand for drug delivery systems in the region is likely to boost the demand for the Bioresorbable polymers market. Further, the Germany Bioresorbable polymers market held the largest market share, and the fastest-growing market in the European region

    Key Players and Competitive Insights

    Major market players have large production bases and advanced manufacturing facilities at the domestic and international levels. This helps them supply the product to various end users across the globe within less time as compared to the small-scale manufacturers, providing a competitive edge in the market. The leading producers of merchant bioresorbable polymers are US, and Canada. According to MRFR analysis, the bioresorbable polymers market has a huge revenue base in European countries.

    One of the primary business strategies adopted by manufacturers in the Bioresorbable polymers market to benefit clients and expand the Bioresorbable polymers market sector is to manufacture locally to reduce operating costs. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth.

    Poly-Med Inc. is a leader in the design and production of bioresorbable products. The company operates in five business segments: Bioresorbable polymers, Biomedical textiles & Fiber, Electrospinning, Tissue scaffolds and devices, Polymer for Drug delivery, and 3D Printing Technology. Also, the company can provide customized solutions to meet the needs of innovative medical product manufacturers. Moreover, Poly-Med is the only vertically integrated company to deliver the highest quality solutions most efficiently.

    Also, Merck KGaA is vibrant science and technology company with a diversified product portfolio. The company provides progressive treatment solutions that help improve access to health. Science sits inside technologies that drive human progress and opens new possibilities to transform lives. The advanced treatment solutions and innovative technology are life-changing, influencing to tackle of major illnesses and integral to creating a better tomorrow. The major business segments of the company are Life science, health care, and electronics.

    Lygos Inc. launched its Soltellus line at NYSCC Suppliers' Day in May 2024; it was positioned as a high-performance, multi-functional, sustainable polymer for hair and skin care formulations. Skin care formulation under Soltellus acts as a co-surfactant with improved stability while providing a lathery, frothy foam that spreads easily and helps remove more dirt and oil impurities from deep pores. As an emulsifier, it improves user experience with a smoother application and luxurious after-feel, which keeps the formulation quality intact whilst ensuring the skin remains hydrated without any residue.

    Key Companies in the Bioresorbable Polymers Market market include

    Industry Developments

    An FDA approval for the esprit BTK, an everolimus-eluting, PLLA peripheral stent treating chronic limb-threatening ischemia by Abbott was issued in April 2024 according to a report in 2024.

    Dynamx™ Bioadaptor from Elixir is a drug-eluting stent with metallic and biodegradable aspects as per report of 2024. When this device is initially inserted into the vessel, its struts are locked so that maximum lumen flow can be achieved. When bioabsorbable components disappear, the structure "unlocks,” allowing the vessel to maintain pulsatility and adaptive flow volume.

    In September 2020, DSM announced a partnership with PBC Biomed, an Ireland-based medical device design and development company. Their initial work together will be in developing regenerative bone adhesives for safe and cost-effective surgical procedures. This definitely qualifies as a key development in the industry.

    Evonik Industries AG closed its acquisition of the LACTEL Absorbable Polymers product line from DURECT Corporation in December 2020. It is seen as a step forward in Evonik's life-science division Nutrition & Care's growth agenda.

    In September 2020, Corbion and Total announced building a new PLA bioplastics plant in Europe through their Total Corbion PLA joint venture. This plant will be the first world-scale facility producing PLA located in Europe, with a capacity of about 100 kt per year. The French location is planned to start running in 2024. Additional investment into making more PLA will quicken lactic acid production expansion plans.

    Future Outlook

    Bioresorbable Polymers Market Future Outlook

    The Global Bioresorbable Polymers Market is projected to grow at a 14.01% CAGR from 2024 to 2035, driven by advancements in medical applications, increasing demand for sustainable materials, and regulatory support.

    New opportunities lie in:

    • Develop innovative bioresorbable drug delivery systems for enhanced patient compliance.
    • Invest in R&D for biodegradable packaging solutions targeting eco-conscious consumers.
    • Expand production capabilities to meet rising demand in orthopedic and cardiovascular applications.

    By 2035, the market is expected to exhibit robust growth, positioning itself as a leader in sustainable materials.

    Market Segmentation

    Bioresorbable polymers Type Outlook

    Agro-polymers
    • Proteins
    • Polysaccharides

    Bioresorbable polymers Regional Outlook

    North America
    • US
    • Canada

    Bioresorbable polymers Application Outlook

    • Orthopedics
    • Drug Delivery
    • Biodegradable Devices
    • Others

    Report Scope

    Attribute/Metric Details
    Market Size 2021 USD 1,313.89 million
    Market Size 2022 USD 1,399.16 million
    Market Size 2030 USD 3,672.96 million
    Compound Annual Growth Rate (CAGR) 12.8% (2022-2030)
    Base Year 2022
    Forecast Period 2022-2030
    Historical Data 2019 & 2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Product Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, Latin America and Middle East & Africa
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Evonik Industries AG, Corbion NV, Foster Corporation, Poly-Med Inc., REVA Medical, Inc, Groupe PCAS, Merck KGaA, Koninklijke DSM N.V, KLS Martin, and Ashland
    Key Market Opportunities Rapid growth in 3d printing technologies
    Key Market Dynamics Increasing demand for bioresorbable polymers for drug delivery application Flourishing the healthcare industry  

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the Bioresorbable polymers market?

    Bioresorbable polymers market sizw was USD 1,313.89 million in 2021

    How Big is the U.S Bioresorbable polymers market?

    Bioresorbable polymers market is was USD 454.62 Million in US

    What is the growth rate of the Bioresorbable polymers market?

    Bioresorbable polymers market is projected to grow at a 12.8% by 2030

    Which region held the largest market share in the Bioresorbable polymers market?

    North Americaholds the largest market share of the Bioresorbable polymers market

    Who are the key players in the Bioresorbable polymers market?

    Evonik Industries AG, Corbion NV, Foster Corporation, Poly-Med Inc., REVA Medical, Inc, Groupe PCAS, Merck KGaA, Koninklijke DSM N.V, KLS Martin, and Ashland

    Which segment led the Bioresorbable polymers market?

    Bio-Polyesters segment

    Bioresorbable Polymers Market Research Report - Global Forecast till 2030 Infographic
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