Resorbable (Bioresorbable) Polymers Market to Grow with a CAGR of 4.95% through 2028
Growth in research and development activities is expected to drive the Global
Resorbable (Bioresorbable) Polymers Market growth in the forecast period,
2024-2028.
According to TechSci Research report, “Resorbable
(Bioresorbable) Polymers Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global
Resorbable (Bioresorbable) Polymers Market stood at USD418.25 million in 2022
and is anticipated to grow with a CAGR of 4.95% in the forecast period, 2023-2028.
The initiatives taken by government based on resorbable (bioresorbable) polymers
has led to favorable market conditions for the Global Resorbable
(Bioresorbable) Polymers Market. Several factors contribute to the growth of
various resorbable (bioresorbable) polymers Market products Government support
and initiatives play a crucial role in bolstering the demand for bioresorbable
polymers. These include funding for research and development, policies
promoting domestic manufacturing, and regulations favoring the use of
biocompatible and biodegradable materials. For example, governments may provide
grants and subsidies to encourage the development and adoption of innovative
bioresorbable polymers in various industries. Furthermore, government
initiatives also include measures to reduce plastic waste, such as implementing
stricter regulations on single-use plastics and promoting recycling programs.
These efforts have led to an increased interest in biodegradable polymers,
including resorbable ones. The growing concern for the environment and
sustainability has prompted both governments and consumers to seek alternatives
to traditional plastics, driving the demand for bioresorbable polymers even
further. The increase in R&D activities has several implications for the
resorbable polymers market. Firstly, it leads to the development of new
products, expanding the range of available bioresorbable polymers. These
innovations can open up new possibilities for the use of these polymers in
various medical applications, thereby driving demand.
Secondly,
advancements in R&D can lead to cost reductions. As research leads to more
efficient production methods and better-performing materials, the cost of
producing resorbable polymers can decrease. This can make these products more
accessible, further boosting market growth. Moreover, increased R&D efforts
can foster collaborations between industry stakeholders, such as researchers,
manufacturers, and medical professionals. These partnerships can facilitate
knowledge sharing and lead to even more breakthroughs in the field of
resorbable polymers. Additionally, with the continuous advancements in R&D,
there is the potential for the discovery of novel properties and applications
of these polymers, pushing the boundaries of their use in medical and
healthcare settings.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on "Global
Resorbable (Bioresorbable) Polymers Market.”
Furthermore, the
increase in R&D activities can also have positive environmental
implications. Researchers and scientists are constantly exploring ways to make
resorbable polymers more sustainable and eco-friendlier. Through innovative
R&D initiatives, they can develop bioresorbable polymers that have reduced
environmental impact, promoting a greener and more sustainable future. In conclusion,
the rise in R&D activities within the resorbable polymers market not only
leads to the development of new products and cost reductions but also
encourages collaborations, pushes the boundaries of their applications, and
promotes environmental sustainability. These factors collectively contribute to
the overall growth and advancement of the resorbable polymers market. The Global
Resorbable (Bioresorbable) Polymers Market is segmented into type, application,
regional distribution, and company. Based
on its application, the oral drug delivery segment held the largest share in
the market. The drug delivery application is projected to experience
significant growth during the forecast period. This can be attributed to the
rising demand for the product in drug delivery, driven by patients' reluctance
to undergo repeated injections or procedures. By eliminating the need for a
second surgery, patients are more inclined to invest in higher quality products
that offer enhanced convenience and efficacy. As a result, the market for drug
delivery is expected to expand rapidly, catering to the evolving needs and
preferences of patients worldwide. Based on region, North America segment is expected to
grow during the forecast period. The high level of technological sophistication
in the healthcare sector in the U.S. and Canada has contributed to the demand
for bio polyesters in North America. These bio polyesters offer improved
resistance to weather conditions and enhanced quality, making them suitable for
a wide range of applications in the medical sector. From medical devices to
surgical equipment, bio polyesters have proven to be reliable and efficient,
driving their popularity in the region. With their versatile properties and growing
adoption, bio polyesters are playing a vital role in advancing healthcare
technologies and improving patient outcomes across North America.
Major companies operating in Global Resorbable
(Bioresorbable) Polymers Market are:
- Corbion NV
- Poly-Med, Inc.
- Foster Corporation
- Evonik Industries AG
- KLS-Martin Limited
- 3d Biotek LLC
- Degradable solutions AG
- Koninklijke DSM N.V.
- FUTERRO S.A.
- Abbott Laboratories Inc
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“Growing application of resorbable (bioresorbable) polymers
in various end user industries are key drivers of the resorbable (bioresorbable)
polymers market. Growth in competitive landscape and presence of
well-established companies in the market who are dedicated to enhance their
productivity of resorbable (bioresorbable) polymers with every passing year are
anticipated to register an impressive growth to Global Resorbable
(Bioresorbable) Polymers Market in the forecast period.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Resorbable (Bioresorbable) Polymers Market By
Type (Agro-Polymers, Biopolyesters, Others), By Application (Orthopaedics,
Cardiac Implants, Dental Implants, Oral Drug Delivery, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Resorbable (Bioresorbable) Polymers
Market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Resorbable
(Bioresorbable) Polymers Market.
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com