Global Bioresorbable Polymers Market 2017-2021

Overview of the global bioresorbable polymers market

Research analysis on the global bioresorbable polymers market identifies that the rising prevalence of chronic diseases will be one of the major factors that will have a positive impact on the growth of the market. The rise in chronic diseases will lead to the rise in demand for devices and therapies. This will on turn, increase the need for bioresorbable polymers since they aid in the development of the controlled release drug delivery systems and also in the accurate delivery of minute quantities of drugs. Additionally, technological innovations that resulted in the development of effective drug delivery systems will also drive the need for bioresorbable polymers. Technavio's market research analysts predict that this market will grow at a CAGR of almost 14% by 2021.

In terms of geography, North America will contribute to the major revenue share of this market throughout the next four years. The growth of the healthcare sector in the region is a major factor for the growth of the bioresorbable polymers market. The R&D activities and technological advancements in the pharmaceutical industry, increasing aging population, and the increasing sales of new medicines, also drives the growth of the bioresorbable polymers market in North America.

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Competitive landscape and key vendors

Owing to the presence of global and regional vendors, this market appears to be highly competitive. The regional vendors are giving a tough competition to the global vendors especially in terms of price. The vendors in the market are focusing on extending their product applications and developing innovative technologies to sustain the competition.

The leading vendors in the market are -

• Corbion
• Evonik Industries
• Foster Corporation
• KLS Martin
• Poly-Med

The other prominent vendors in the market are Sigma-Aldrich, Mar-Lee Companies, LACTEL Absorbable Polymers, DSM, PCAS, Galatea Surgical, Edge Design Services, Degradable Solutions, Amplitude Systèmes, and MAST Biosurgery.

Segmentation by type and analysis of the bioresorbable polymers market

• Biopolysters
• Agro-polymers

During 2016, the biopolyster segment accounted for the major shares of this market. Biopolyesters such as polyhydroxy-alkanoates (PHA) are used in various applications such as tissue reengineering and drug delivery. Similarly, polyglycolic acid (PGA) is also used in different medical applications in surgical sutures for orthopedic and hysterectomy surgeries.

Segmentation by application and analysis of the bioresorbable polymers market

• Orthopedics
• Drug delivery

The orthopedics segment will contribute to the major share of the bioresorbable polymer market during the next four years. Bioresorbable polymers are used for knee joints, hip joints, blocked arteries, poor vision, and hearing loss. The growth of the orthopedic devices market owing to the demand from trauma and knee applications will fuel the growth of this global market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global bioresorbable polymers market?
• What are the key market trends impacting the growth of the global bioresorbable polymers market?
• What are the challenges to market growth?
• Who are the key vendors in the global bioresorbable polymers market?
• What are the market opportunities and threats faced by the vendors in the global bioresorbable polymers market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global bioresorbable polymers market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the chemicals and materials industry follow a thorough procedure of data collection methodology and present an analysis of fast growing market segments like bio-chemicals and bio-materials. This upcoming industry research report on the global bioresorbable polymers market offers insights into the major trends and evolving drivers inducing the growth of the bio-chemicals and bio-materials industry.

The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various bio-chemicals and bio-materials products and services and offer an all-inclusive picture of the global bioresorbable polymers market for the estimated period of 2017-2021. Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape.This upcoming market research report on the global bioresorbable polymers market also covers vendors like Foster Corporation (U.S.), KLS Martin (Germany), Poly-Med Inc. (U.S.), Corbion N.V. (Netherlands), and Evonik Industries AG (Germany). Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global bioresorbable polymers market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for global bioresorbable polymers market also categorizes the key drivers, major trends, as well as the constraints that the bio-chemicals and bio-materials sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the chemicals and materials industry. Technavio also provides insights into the sectors such as plastics, polymers, and elastomers and  glass and ceramics.

Our market research methodology for the bioresorbable polymers market

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