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Bioresorbable Polymers Market – Significant Applications, Largest Share, 2020, Data Processing & Analysis, Size Estimation, Growth Factors And Global Industry Trends To Forecast By 2020 – 2026

SEATTLE, March 31, 2021, (PHARMIWEB) — Bioresorbable polymers are a category of materials commonly used for temporary implant applications. These polymers find applications as suturing thread, arterial stents, intravenous drug-delivery devices, vascular grafts, temporary bone fixation devices, and degradable sutures. Moreover, these polymers are used as a replacement for metallic orthopedic devices, owing to their precise control of material composition and microstructure. Various bioresorbable polymers used in medical applications are polylactic acid (PLA), polyglycolic acid (PGA), and poly (lactic-co-glycolide) (PLGA) copolymers. Polylactic acid (PLA), or polylactide, is the most commonly used bioresorbable polymer. They typically find applications in synthetic grafts, orthopedic medicine, sutures, and drug delivery systems. Polyglycolic acid (PGA), or polyglycolide, another type of bioresorbable polymer is generally used in bioresorbable sutures, orthopedics, and craniomaxillofacial surgery.

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Global Bioresorbable Polymers Market Dynamics

Bioresorbable polymers are extensively used in medical sector, as they are completely biodegradable inside the human body, which in turn avoid the need for second surgery and reduces post-surgery risks. Drug delivery is one of the most commonly used applications of bioresorbable polymers. Poly (D, L-lactic-co-glycolic acid) (PLGA) is the most frequently used bioresorbable polymer for the controlled release of drugs. Numerous pharmaceutical ingredients such as anti-cancer drugs and antibiotics can be delivered with controlled and constant release by using timely biodegradation of the drug carrier. PLGA is majorly studied for localized drug delivery for treating cancer, glaucoma, and periodontal diseases, and to coat biodegradable and metallic stents. For instance, drug-eluting stents (DES) have shown significant advantages in comparison to their bare metal stent predecessors in reducing the risk of a recurring blockage (restenosis). High usage of bioresorbable polymers in surgery and pharmaceutics such as artificial skin, biodegradable sutures, and implantable carriers for drug delivery is expected to drive growth of the global bioresorbable market during the forecast period. In the recent past, PLAs are significantly researched upon due to their biodegradability and biocompatibility, leading to applications in medical science. Moreover, ongoing research on 3D printing, is expected to boost growth of the global bioresorbable polymers market.

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Furthermore, proactive initiatives by governments, in order to boost the healthcare sector is expected to propel the global bioresorbable polymers market growth in the near future. For instance, government awareness regarding more sustainable products have gained significant traction in the past decade and are guiding future research on the next generation processes and materials. Various funding agencies such as the Bill and Melinda Gates Foundation fund support both, industrial and academic research to overcome product development challenges in manufacturing, frequency of administration, supply chain, and pricing limitations. Recent research on new and improved products is focused on more sophisticated biomedical applications to provide higher efficacy and minimize pain. For instance, in April 2018, Evonik, a global leader for advanced biomaterials and application technology solutions for bioresorbable implants, launched its first product from a new line of RESOMER composite polymers. With the launch of RESOMER, the company will support medical device customers to enhance the performance of orthopedic applications used to grow or heal bones by integrating the osteoconductive properties of calcium-phosphate-based additives into RESOMER.

However, limitations such as tendency to get damaged during fabrication and storage and moisture sensitivity are expected to restrain growth of the global bioresorbable polymers market over the forecast period. Moreover, these products lack the tensile strength of metals for load bearing applications, posing as a major restraint for market growth. Moreover, stringent polices in product approvals imposed by regulatory authorities is expected to hamper the market growth. Several ensembles of instructions are available for manufacturers to comply with the international and local medical device regulations, such as American Society for Testing Materials or MEDDEV.

Global Bioresorbable Polymers Market Regional Insights

Regional segmentation of the global bioresorbable polymers market by Coherent Market Insights, includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among regions, North America is expected to hold a dominant position in the global bioresorbable polymers market, owing to rapid development in technology related to the bioresorbable polymers and high presence of major market players such as Poly-Med Inc. in the region. Furthermore, Asia Pacific is expected to witness significant growth during the forecast period, owing to rising demand for bioresorbable polymers in drug delivery and orthopedics applications and growing expenditure on healthcare in the region. According to DBS report 2016, healthcare spending in Asia Pacific is estimated to grow CAGR of 12.8% due to rising geriatric population, increase in chronic illnesses, and urbanization. Rising affluence and a surge in lifestyle diseases are additional key structural drivers for the market growth. According to Securities Investors Association (SIAS), in 2018, India and China have the largest number of diabetes sufferers in the world, accounting for around 69 million and 114 million, respectively. Moreover, according to Organisation for Economic Co-operation and Development (OECD), cancer is the second-leading cause of death after cardiovascular disease in the region.

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Global Bioresorbable Polymers Market Competitive Landscape

Key players operating in the global bioresorbable polymers market include Corbion N.V., DSM, Degradable Solutions, Evonik Industries AG, Foster Corporation, Galatea Surgical, KLS Martin, LACTEL Absorbable Polymers, MAST Biosurgery, Poly-Med Inc., and Sigma-Aldrich.

Global Bioresorbable Polymers Market Taxonomy

On the basis of polymer type, the global bioresorbable polymers market is segmented into:

  • Agro-polymers
    • Polysaccharides
    • Proteins
  • Biopolyesters
    • Polylactic Acid
    • Polyglycolic Acid
    • Polycaprolactone
    • Others

On the basis of application, the global bioresorbable polymers market is segmented into:

  • Drug Delivery
  • Orthopedics
  • Others

Table of Content

Global Bioresorbable Polymers Market Research Report
Section 1: Global Bioresorbable Polymers Industry Overview
Section 2: Global Economic Impact on Bioresorbable Polymers Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Bioresorbable Polymers Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Bioresorbable Polymers Market Forecast

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Last Updated: 01-Apr-2021