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Bioresorbable Polymers Market Size

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

Bioresorbable Polymers Market Size

Bioresorbable Polymers Market size was valued at USD 1.4 billion in 2023 and is anticipated to grow a CAGR of over 14.7% between 2024 and 2032.

 

Bioresorbable Polymers Market

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Polylactic Acid (PLA), Polyglycolic Acid (PGA), and Polycaprolactone (PCL) are among the key polymer types contributing to market expansion, as they find application in medical devices, pharmaceutical drug delivery systems, and eco-friendly packaging materials.

 

The growth in tissue engineering and agriculture sectors further propels the market, with bioresorbable polymers facilitating tissue regeneration and sustainable agricultural practices. As the global emphasis on biodegradability and eco-friendliness continues to grow, the market is poised for continued expansion and innovation in various industries.

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.

Bioresorbable Polymers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 136
  • Countries covered: 21
  • Pages: 120
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