Cost-effectiveness and growing demand in drug delivery application to drive global resorbable (bioresorbable) polymers market through 2024
According to TechSci Research report, “Global Resorbable (Bioresorbable) Polymers Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024”, global resorbable (bioresorbable) polymers market is projected to grow at a CAGR of 7.49% during the forecast period. The cost-effectiveness of bioresorbable polymers and rapidly growing demand from existing applications are expected to drive the resorbable (bioresorbable) polymers market, globally.
Notably, bioresorbable polymers are groundbreaking technological materials that can be broken down by the human body and don’t require mechanical removal, such as sutures or the chlorhexidine chip. These materials have applications in a wide range of medical indications, such as sutures, coronary & peripheral vascular scaffolds, tissue fixation screws, bone pins & anchors and drug delivery coatings as well as microspheres and surgical meshes & matrices. The materials in this category include polymers, metals, ceramics, glasses and materials of biological origin like natural collagen, which may allow for drug elution and delivery as well as performing a mechanical function.
Browse 87 market data Tables and 25 Figures spread through 200 Pages and an in-depth TOC on “Global Resorbable (Bioresorbable) Polymers Market“
Based on type, Polylactic acid (PLA), or polylactide, is the most commonly used bioresorbable polymer. It is majorly used in synthetic grafts, orthopedic medicine, sutures, and drug delivery systems. Due to its low cost, biocompatibility and high mechanical strength compared to other polymers, PLA is witnessing huge demand. Further, polysaccharides are used in drug delivery systems and their cost of production is high compared to the synthetic polymers. Notably, in many cases, there is a requirement for additional chemical modification for using polysaccharides, which makes them less competitive than other alternatives. Based on application, orthopedics and drug delivery are the major segments in global bioresorbable polymers market. Orthopedics is the leading application segment in global bioresorbable polymers market, owing to its high demand in knee and trauma sub-applications.
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“North America is the largest bioresorbable polymers market, globally, closely followed by Europe, owing to rising demand for bioresorbable polymers from applications such as drug delivery and orthopedics. Additionally, the North America region is anticipated to be the fastest-growing bioresorbable polymers market, in terms of both value and volume, in coming years, owing to healthy demand from countries such as the United States and Canada.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Resorbable (Bioresorbable) Polymers Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global resorbable (bioresorbable) polymers market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global resorbable (bioresorbable) polymers market.
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