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Bioresorbable Polymers Market Share

Report ID: GMI7143
Published Date: Oct 2023
Report Format: PDF

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Bioresorbable Polymers Market Share

Major players operating in the Bioresorbable Polymers industry include:

Corbion N.V.
Evonik Industries AG
Poly-Med, Inc.
Mitsui Chemicals, Inc.
Foster Corporation
KLS Martin Group
Ashland Global Holdings

Some of the major market players operating in the Bioresorbable Polymers industry are Evonik Industries AG, Poly-Med, Inc., Mitsui Chemicals, Inc., Foster Corporation, KLS Martin Group, Ashland Global Holdings, among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size pf bioresorbable polymers was worth USD 1.4 billion in 2023 and is anticipated to witness over 14.7% CAGR between 2023 and 2032 due to rising awareness of environmental sustainability coupled with higher application scope in medical, pharmaceutical, and packaging sectors.

The medical devices application segment held 54% of the market share in 2022 owing to higher adoption in sutures, stents, and drug delivery systems.

North America garnered 39.4% of the bioresorbable polymers industry revenue share in 2022 attributed to the presence of robust healthcare sector and the increased adoption of eco-friendly materials in the region.

Corbion N.V., Evonik Industries AG, Poly-Med, Inc., Mitsui Chemicals, Inc., Foster Corporation, KLS Martin Group, and Ashland Global Holdings are some of the market players.