The global Bioresorbable Polymers market is anticipated to garner US$ 5 Billion while expanding at a CAGR of 13% during the forecast period. The market is estimated at US$ 1.3 Billion in 2021 and US$ 1.47 Billion in 2022. Technological advancements, innovations in plastics, and evolved decontamination devices are boosting the product demand, thereby augmenting the industry’s growth.

Bioresorbable polymers can biodegrade inside the human body, which permits physicians to eradicate the necessity for the following surgery to eliminate temporary implants. It also minimizes the post-surgery risk to the patient without causing a threat to the patient’s body. Owing to these factors, the product is finding wide application in the healthcare industry for the manufacturing of stents and other implants.

In recent years, the demand for bioresorbable polymers has burgeoned at a significant rate, backed by the growing health concerns among consumers. Consumers do not want to take unnecessary medications and therapies which may cause adverse effects on the human body after surgery. In terms of product type, the demand for polylactic acid is rising at an impressive rate owing to the growing adoption by manufacturers as a raw material for the development of implants.

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Key Takeaways:

  • By Product type, the polylactic acid segment of the Bioresorbable Polymers segment expanded at a ~12% CAGR
  • Based on Application, the orthopedic segment of Bioresorbable Polymers is estimated to record an ~13% CAGR
  • North America region is likely to account for the majority share of nearly 32% during the forecast period
  • Europe region is estimated to gain significant traction in the market for Bioresorbable Polymers, Germany is likely to hold the majority share.

Competitive Landscape

Key players in the global Bioresorbable Polymers market include Corbion NV, Evonik Industries AG, Poly-Med Inc., Foster Corp., Abbott, KLS Martin Group, 3D Biotek LLC., Sunstar Suisse S.A., DSM, Futerro, among others.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the bioresorbable polymers market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Product (Polysaccharides, Proteins, Polylactic Acid, Polyglycolic Acid, Polycaprolactone, Others) by Application (Drug Delivery, Orthopedics, Other) & Region (North America, Europe, East Asia, South Asia, Oceania, Middle East & Africa, and Latin America).

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