Global Bioresorbable (Resorbable) Polymers Market: Overview
The bioresorbable polymers completely biodegrade inside the human body and hence there is no involvement of threat. Thus, the risk involved in post-surgery is reduced and it discards the chances of a second surgery to remove the temporary implants. Hence, the physicians are highly recommending the usage of bioresorbable polymers. The global market for bioresorbable polymers has rapidly grown owing to the increasing awareness among the patients and the government taking efforts to develop the health sector. The main raw materials used for the production of bioresorbable polymers include polysaccharides, glycolide, caprolactone, proteins, and lactide.
Global Bioresorbable (Resorbable) Polymers Market: Segmentation
The bioresorbable polymers market is segmented into its type, application, and region. Based on the type the bioresorbable (resorbable) polymers market is divided into agro-polymers and biopolyesters. Further, the agro-polymers segment is sub-segmented into proteins and polysaccharides. The biopolyesters segment is sub-segmented into polyglycolic acid, polylactic acid, and polycaprolactone. On the basis of application, the market is classified into orthopedics and drug delivery. Geographically, the bioresorbable (resorbable) polymers market is diversified into Asia Pacific, Western Europe, Central Europe, North America, Latin America, and the Middle East and Africa.
Global Bioresorbable (Resorbable) Polymers Market: Growth Factors
The major factor fostering the global bioresorbable market is the increase in the patient comfort. During surgery, there were conventional materials left in the body which after some time are supposed to be removed by performing another minor surgery; this, in turn, led to health issues in the patients. This issue is resolved by bioresorbable polymers as they disintegrate into the body after a period of time. The drug delivery industry has a great demand for the bioresorbable polymers which is driving the market in a positive way. As bioresorbable polymers are chemically neutral in nature and harmless to the human body, this makes them perfect for the drug delivery. Other factor that is anticipating the market growth is the incorporation of the 3D printing. The bioresorbable polymers are also finding applications in the field of coronary angioplasty. The restraint for the market growth is the high cost due to the technological sophistication.
Global Bioresorbable (Resorbable) Polymers Market: Regional Analysis
North America is dominating the global bioresorbable polymers market mainly owing to the high technological advancement in the health sector. The countries that are leading the global market are the U.S. and Canada. The main research and development hub is the U.S., thus driving the bioresorbable polymers market. The European market is also growing, mainly Western Europe, due to its advanced scenario in the health sector. The overall health sector is low in the regions such as Asia Pacific and Latin America, hence having a sluggish growth. However, in the coming years, the interest was taken by the government to improve the health sector may provide ample opportunities for the development in the regions of Asia Pacific.
Global Bioresorbable (Resorbable) Polymers Market: Competitive Players
Some of the key companies operating in the bioresorbable (resorbable) polymers market include Poly-Med Inc., Evonik Industries AG, Corbion N.V., Foster Corporation, and KLS Martin Group.
Global Bioresorbable (Resorbable) Polymers Market: Regional Segment Analysis
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