info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

US Polyglycolic Acid Market Research Report: By Form (Fiber, Film, Others) and By Application (Medical, Oil & Gas Extraction, Packaging, Others) - Forecast to 2035


ID: MRFR/CnM/19008-HCR | 111 Pages | Author: Chitranshi Jaiswal| April 2025

US Polyglycolic Acid Market Overview

The US Polyglycolic Acid Market Size was estimated at 742.5 (USD Million) in 2023. The US Polyglycolic Acid Market Industry is expected to grow from 817.5(USD Million) in 2024 to 2,044.07 (USD Million) by 2035. The US Polyglycolic Acid Market CAGR (growth rate) is expected to be around 8.688% during the forecast period (2025 - 2035).


Key US Polyglycolic Acid Market Trends Highlighted


The US Polyglycolic Acid Market is witnessing several important trends that highlight its dynamic nature. One significant trend is the increasing adoption of polyglycolic acid in the medical field, particularly for sutures and drug delivery systems. This growth is driven by its biodegradable properties, which align with the rising demand for eco-friendly materials in healthcare.


Additionally, the growing emphasis on minimally invasive surgical procedures has boosted the demand for advanced suturing materials like polyglycolic acid, as they promote faster healing and reduced patient recovery time. Key market drivers include the expanding applications in the pharmaceutical and biotechnology sectors, where polyglycolic acid serves as a fundamental component in various medical devices and implants.


As healthcare facilities in the US continue to invest in innovative technologies, the need for high-quality, reliable materials has become essential. Furthermore, regulatory support surrounding the use of biodegradable polymers has positively influenced the market, encouraging manufacturers to develop new products that meet environmental standards.


There are numerous opportunities to be explored in the US market, especially with the rising focus on sustainable medical solutions. Manufacturers can leverage advancements in polymer technology to create more effective polyglycolic acid formulations that cater to specific applications. The ongoing research into combining polyglycolic acid with other biodegradable materials also presents avenues for product differentiation and competitive advantage.


Recent trends show a marked increase in collaboration between healthcare providers and suppliers to develop tailored solutions that meet specific surgical requirements. This collaborative approach has led to the introduction of innovative products that enhance patient care. Overall, the US Polyglycolic Acid Market is positioned for growth, driven by technological advancements and evolving healthcare needs.


US Polyglycolic Acid Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Polyglycolic Acid Market Drivers


Rising Demand for Biodegradable Medical Sutures


The increasing adoption of biodegradable sutures in surgical procedures is a significant driver for the growth of the US Polyglycolic Acid Market Industry. Polyglycolic acid (PGA) is a key material used in creating these sutures due to its biodegradable properties and biocompatibility, making it an ideal choice for various procedures.


According to the American College of Surgeons, over 16 million surgical procedures are performed annually in the United States, with an increased emphasis on using biodegradable options to minimize environmental impact and enhance patient recovery. Furthermore, major medical device manufacturers, including Johnson & Johnson and Medtronic, are invested in the development and manufacturing of PGA-based products, contributing to the growing demand in the market.


The increasing preference for minimally invasive surgeries is also expected to drive this demand, as biodegradable materials are more compatible with such techniques, presenting a promising avenue for the growth of the US Polyglycolic Acid Market Industry.


Technological Advancements in Material Science


Rapid advancements in material science, particularly in the development of innovative crafting methods for polyglycolic acid products, are fueling the growth of the US Polyglycolic Acid Market Industry. The introduction of advanced fabrication techniques, such as electrospinning and 3D printing, allows for the customization of polyglycolic acid applications beyond sutures, including scaffolding for tissue engineering.


The National Institutes of Health is actively promoting research initiatives that explore new applications of biodegradable materials in medical devices, which supports innovation within this industry. This push for technological advancements leads to increased research and development spending, as well as collaborations between universities and companies focusing on creating novel polyglycolic acid solutions tailored to specific medical needs.


Growing Focus on Sustainable Healthcare Practices


The US healthcare market is increasingly leaning towards sustainability, prompting a shift towards eco-friendly materials such as polyglycolic acid. With the growing concern over plastic pollution, there is a strong drive from healthcare organizations, including the American Hospital Association, emphasizing the importance of integrating sustainable and biodegradable materials into medical practices to address environmental concerns.


A report indicates that nearly 9.8 million tons of medical waste are generated per year in the United States, highlighting the pressing need to reduce this environmental footprint. Organizations striving toward sustainability are increasingly adopting PGA-based materials because of their eco-friendly attributes, thus accelerating the growth prospects of the US Polyglycolic Acid Market Industry.


US Polyglycolic Acid Market Segment Insights


Polyglycolic Acid Market Form Insights


The US Polyglycolic Acid Market is primarily categorized into various forms that are crucial for different applications, with the major segments being Fiber, Film, and Others. Fiber, known for its exceptional strength and biocompatibility, is predominantly utilized in the surgical sutures and tissue engineering applications, playing a vital role in enhancing medical outcomes.


This segment caters to the growing demand for absorbable sutures that provide temporary support and encourage tissue regeneration while minimizing infection risk. The Film segment, on the other hand, is gaining momentum as it offers innovative solutions in packaging and product protection due to its excellent barrier properties against moisture and gases.


This makes it particularly significant for the food and pharmaceutical industries, where product integrity is essential. Additionally, the Others category encompasses various applications that utilize polyglycolic acid, allowing for versatility in product development.


As market growth continues, driven by increased healthcare spending, advancements in biodegradable technology, and rising environmental awareness, the demand for these forms of polyglycolic acid is expected to expand significantly in the US. Moreover, the US government's support for biodegradable materials through various regulatory incentives adds further momentum to these segments, bolstering their importance in the overall Polyglycolic Acid Market.


Overall, the integration of innovative applications and growing emphasis on sustainable material solutions positions the Fiber, Film, and Others segments as critical contributors to advancing this dynamic market landscape.


US Polyglycolic Acid Market segment



Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Polyglycolic Acid Market Application Insights


The Application segment of the US Polyglycolic Acid Market plays a crucial role in driving market growth, propelled by diverse sectors including Medical, Oil and Gas Extraction, Packaging, and Others. The medical industry significantly values Polyglycolic Acid due to its biodegradable properties, making it ideal for sutures and tissue engineering applications, thereby promoting advancements in healthcare.


In the Oil and Gas sector, Polyglycolic Acid facilitates enhanced extraction processes, highlighting its importance in sustainable resource management. Furthermore, the Packaging domain increasingly adopts eco-friendly materials, positioning Polyglycolic Acid as a favorable choice amidst growing environmental concerns.


The Others segment encompasses applications that further diversify the market, underscoring the versatility of Polyglycolic Acid in addressing various needs. With the US emphasizing innovation and sustainability in materials, these applications reflect the changing dynamics in consumer preferences and regulatory standards.


The balance of demand across these sectors indicates a robust future for the US Polyglycolic Acid Market, as it continuously adapts to evolving trends and market needs.


US Polyglycolic Acid Market Key Players and Competitive Insights


The US Polyglycolic Acid Market has been witnessing a steady growth trajectory, driven by increasing demand in the healthcare sector, particularly in surgical sutures and tissue engineering applications. Competitive dynamics in this market reflect the presence of several key players who are vying for market share through product innovation, strategic collaborations, and expanding distribution networks.


The focus on biodegradable materials has encouraged companies to enhance their product offerings while adapting to stringent regulatory requirements. Furthermore, the rising emphasis on advanced healthcare solutions and the growing prevalence of chronic diseases contribute to the heightened competition among manufacturers, creating a landscape that is dynamic and rapidly evolving.


BASF


BASF has established a significant presence in the US Polyglycolic Acid Market through its strong focus on innovation and sustainability. The company brings forth a diverse range of products, including high-performance biopolymers tailored for medical applications, which underscores its commitment to advancing healthcare solutions.


BASF's strengths lie in its robust research and development capabilities, enabling the introduction of cutting-edge materials that meet the stringent requirements of the healthcare sector. This focus on innovation allows BASF to differentiate its offerings in a competitive market, reinforcing its position as a trusted supplier to medical device manufacturers.


Additionally, the company's extensive distribution network and strategic partnerships with key industry players enhance its market presence across diverse segments.


Medtronic


Medtronic, a leader in the global medical technology sector, also plays a notable role in the US Polyglycolic Acid Market. The company's portfolio includes a range of innovative surgical devices that utilize polyglycolic acid for sutures and wound closure applications.


Medtronic's strength is anchored in its commitment to research and development, having invested significantly to develop advanced products that improve patient outcomes. The company has strategically enhanced its market presence through mergers and acquisitions, allowing it to integrate additional capabilities and expand its product lines effectively.


This strategic approach, combined with a robust focus on customer relationships and a comprehensive understanding of market needs, ensures that Medtronic remains a formidable player in the US Polyglycolic Acid space, offering solutions that meet the evolving demands of healthcare providers and patients alike.


Key Companies in the US Polyglycolic Acid Market Include



  • BASF

  • Medtronic

  • Galactic

  • SABIC

  • Sientra

  • PolyMed

  • Guanheng Technology

  • DOW

  • Stryker Corporation

  • Global Biochem Technology

  • Corteva

  • Johnson and Johnson

  • Huaian Maida

  • Baihe Biotech


US Polyglycolic Acid Market Industry Developments


Recent developments in the US Polyglycolic Acid Market indicate a growing interest and advancement in this sector, particularly in biomedical applications. Companies such as Medtronic and Stryker Corporation continue to drive innovation, focusing on biodegradable sutures and scaffolds that utilize polyglycolic acid due to its excellent properties for soft tissue applications.


In August 2023, BASF announced its commitment to enhancing production capacities for biodegradable polymers, reflecting the industry's shift toward sustainable practices. Current affairs show a favorable regulatory environment, with the FDA providing a streamlined pathway for innovative applications of polyglycolic acid in medical devices.


Regarding mergers and acquisitions, no significant activities have been recorded among the aforementioned companies in the last few months. However, the valuation of entities within the market is increasing, with projections estimating an expansion driven by advancements in material technologies.


Notable market moves were highlighted in July 2022, when PolyMed expanded its portfolio of absorbable polymer products to respond to rising demand. Overall, the trajectory of the US Polyglycolic Acid Market suggests robust growth supported by developments in its applications and regulatory landscapes.


US Polyglycolic Acid Market Segmentation Insights


Polyglycolic Acid Market Form Outlook



  • Fiber

  • Film

  • Others


Polyglycolic Acid Market Application Outlook



  • Medical

  • Oil & Gas Extraction

  • Packaging

  • Others

Report Attribute/Metric Source: Details
MARKET SIZE 2018 742.5(USD Million)
MARKET SIZE 2024 817.5(USD Million)
MARKET SIZE 2035 2044.07(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 8.688% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Million
KEY COMPANIES PROFILED BASF, Medtronic, Galactic, SABIC, Sientra, PolyMed, Guanheng Technology, DOW, Stryker Corporation, Global Biochem Technology, Corteva, Johnson and Johnson, Huaian Maida, Baihe Biotech
SEGMENTS COVERED Form, Application
KEY MARKET OPPORTUNITIES Growing demand in surgical sutures, Expanding applications in drug delivery, Rising use in biodegradable materials, Increasing preference for minimally invasive procedures, Advancements in manufacturing technologies
KEY MARKET DYNAMICS increasing surgical applications, growing demand in sutures, biodegradable product preference, technological advancements in manufacturing, rising healthcare expenditures
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US Polyglycolic Acid Market is expected to be valued at 817.5 million USD in 2024.

By 2035, the market is expected to reach a value of 2044.07 million USD.

The expected CAGR for the market is 8.688% during the forecast period.

The market value for Fiber in 2035 is expected to be 800.0 million USD.

The Film segment is valued at 400.0 million USD in 2024.

Major players in the market include BASF, Medtronic, and DOW among others.

The Others segment is projected to reach a value of 244.07 million USD in 2035.

The Film segment is projected to be valued at 1000.0 million USD by 2035.

Growth opportunities lie in increasing demand for biodegradable materials and innovations in healthcare applications.

Challenges include competition from alternative materials and fluctuating raw material costs.

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

report-img
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.