Polyglycerol Sebacate (PGS) Market Analysis

Polyglycerol Sebacate Market Analysis

The report includes market analysis of different forms of polyglycerol sebacate which include paste, soft gel, extruded form and others. Soft gel and paste are the most preferred form of PGS which can be used for coating, adhesives and other small applications.
 

PGS market for soft gel accounted for almost 35% of the total industry share followed by paste form and extruded products. Extruded products are used in tissue engineering and drug delivery applications in combination with other polymers such as polycaprolactone, polylactic acid. The market of extruded form of PGS was estimated at USD 8.2 million USD in 2018 and is expected to grow by 11.8% during the forecast period.
 

Tissue engineering was the largest market for PGS elastomer in 2018 and is expected to grow at a faster rate as compared to other applications during the forecast period. PGS elastomer for coatings on bio textiles is an upcoming market with high potential. The market size of PGS elastomer for tissue engineering was estimated at USD 20.2 million in 2018 and is expected to grow by a CAGR of 10.0% during the forecast period. Drug delivery is also one of the fastest growing application for PGS, which is estimated to grow at a healthy CAGR during the forecast period.
 

Geographically, North America is forecast to be the largest market of PGS owing to rise in old population and increase in lifestyle diseases such as obesity and others. North America dominated the PGS market due of prevalence of obesity and osteoarthritis patients along with higher spending on medical facilities especially in U.S. At present, Secant Group LLC is the only player in the PGS business, but it is estimated that companies operating in the biodegradable bone graft polymers space will enter the market soon.
 

Europe PGS market size was more than USD 10.9 million by 2018 and is estimated to grow at a steady rate. Rising demand and awareness from developing countries in Eastern Europe will fuel the growth of biomaterials. Germany was the largest market for PGS in 2018 in Europe.