Global Bioresorbable Polymers Market Analysis and Forecast, 2019-2028

Introduction

The global bioresorbable polymers market is expected to grow due to increasing demand for biodegradable materials in various applications such as medical devices, drug delivery systems, and tissue engineering. The growing incidence of chronic diseases and the increasing demand for minimally invasive surgical procedures are driving the growth of the market. The development of advanced bioresorbable polymers that mimic the properties of natural tissues and the increasing R&D investment in the field of bioresorbable polymers are also expected to drive the growth of the market.

The increasing demand for eco-friendly and biodegradable materials, along with the growth of the medical devices and pharmaceutical industries, is expected to provide significant growth opportunities for the market players. However, the high cost of bioresorbable polymers and the lack of awareness among the end-users are some of the major challenges faced by the market.

Segmental Analysis

The bioresorbable polymers market is segmented based on type, application, and region. Based on type, the market is segmented into polylactide (PLA), polyglycolide (PGA), and other bioresorbable polymers. Based on application, the market is segmented into medical devices, drug delivery systems, tissue engineering, and other applications.

North America is expected to hold a significant share of the market, owing to the increasing demand for biodegradable materials, the presence of a large number of market players, and the high adoption of advanced medical technologies in the region. Asia-Pacific is expected to grow at a significant rate due to the growing demand for biodegradable materials in the medical and pharmaceutical industries and the increasing healthcare spending in the region.

Leading Players Assessed in the Report

Some of the key players operating in the market include Corbion N.V., Evonik Industries AG, Teknor Apex Company, Poly-Med, Inc., Royal DSM, Arkema S.A., and BASF SE, among others. These players are adopting strategies such as mergers & acquisitions, collaborations, partnerships, and new product launches to increase their market share and presence.

Regional Breakdown in the Market Report

• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Peru
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic Countries
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Hungary
    • Czech Republic
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Thailand, Philippines, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Egypt
    • Sub-Saharan
    • Rest of the Middle East & Africa

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs

Why Buy this Report?

The report is intended for service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.