Wilmington, Delaware, Oct. 23, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s most recent industry analysis, the Global Bioresorbable Polymers Market value is US$ 4.2 billion in 2023 and is expected to rise at a strong CAGR of over 10.2% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Bioresorbable polymers are a type of polymer that may be spontaneously broken down and absorbed by the body over time. They are also known as biodegradable polymers or bioabsorbable polymers. These polymers decompose into biocompatible byproducts such as water, carbon dioxide, and other natural molecules, leaving no hazardous residues behind.
Several bioresorbable medical devices and polymers have been certified for use in clinical applications by regulatory authorities such as the United States Food and Drug Administration (FDA) and the European Medicines Agency (EMA). Regulatory approval boosts the confidence of healthcare providers and manufacturers, propelling the bioresorbable polymer market.
- According to a deep-dive market assessment by RationalStat, the global Bioresorbable Polymers market has been analyzed on the basis of market segments, including type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Bioresorbable Polymers market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Bioresorbable Polymers market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Bioresorbable Polymers Market: Segmental and Market Share Analysis
- On the basis of type, polylactic acid (PLA) is estimated to be the dominating segment due to its good processability and mechanical strength.
- Based on application, medical devices are the largest application segment for bioresorbable polymers market. It is attributed to the increasing prevalence of orthopedic disorders.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 4.2 billion |
| Market Size Forecast | US$ 8.3 billion |
| Growth Rate | 10.2% |
| Dominant Segment | Polylactic Acid (PLA) |
| Dominant Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global bioresorbable polymers market include,
- In June 2020, Evonik introduced the RESOMER Precise platform, which represents a breakthrough in bespoke functional polymeric excipients. This breakthrough enables pharmaceutical companies to achieve unprecedented levels of precision.
Some of the prominent players and suppliers operating and contributing significantly to the global bioresorbable polymers market growth include Corbion N.V., Evonik Industries AG, Teknor Apex Company, Poly-Med, Inc., Royal DSM, Arkema S.A., and BASF SE, among others.
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RationalStat has segmented the global bioresorbable polymers market based on type, application and region
- Global Bioresorbable Polymers Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type
- Polylactide (PLA)
- Polyglycolide (PGA)
- Global Bioresorbable Polymers Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application
- Medical Devices
- Drug Delivery Systems
- Tissue Engineering
- Global Bioresorbable Polymers Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
- North America Bioresorbable Polymers Market
- US
- Canada
- Latin America Bioresorbable Polymers Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Bioresorbable Polymers Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Bioresorbable Polymers Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Bioresorbable Polymers Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Bioresorbable Polymers Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Bioresorbable Polymers Market
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Key Questions Answered in the Bioresorbable Polymers Report:
- What will be the market value of the global Bioresorbable Polymers market by 2030?
- What is the market size of the global Bioresorbable Polymers market?
- What are the market drivers of the global Bioresorbable Polymers market?
- What are the key trends in the global Bioresorbable Polymers market?
- Which is the leading region in the global Bioresorbable Polymers market?
- What are the major companies operating in the global Bioresorbable Polymers market?
- What are the market shares by key segments in the global Bioresorbable Polymers market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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