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Bioresorbable Polymers Market by Type, Application, and by Region - Global Trends & Forecasts to 2021

Bioresorbable Polymers Market: Forecasts until 2021

  • May 2016
  • 148 pages
  • ID: 3878149
In this report:
The application of resorbable polymers in trauma sub-application is expected to witness the highest CAGR of ##.##% between 2016 and 2021 to reach a market size of USD ##.## million by 2021.
The North America's pharmaceutical spending is expected to be ##% of the global market by 2018, thus increasing the demand for resorbable polymers in pharmaceutical application.

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The market size of bioresorbable polymers, in terms of value importance, is projected to extend $1407.50M by 2021 and is forecasted to register a compound annual growth rate (CAGR) of ~13.4 percent between 2016 and 2021. The increasing demand from main applications including orthopedics and drug delivery is predicted to push the demand for bioresorbable polymers. The overall demand of medicines and drugs growing number of surgeries that is rising with increasing awareness among the people, and the increasing healthcare services are ultimately growing the demand of bioresorbable polymers.

"Drug delivery application is anticipated to witness the more significant rise rate during the estimate period"

The drug delivery application is anticipated to witness the more important increase rate between 2016 and 2021. The industry demand for these polymers is rising in drug delivery application, as patients do not prefer taking injections and other procedures repeatedly. Accordingly, a bioresorbable controlled drug delivery matrix is implanted in their body. This encourages consumers to pay more for the better-quality products that do not need to be removed by a second surgery, as they get absorbed in the body once they complete their function. All these factors propel the increase of the bioresorbable polymers market.

"Asia-Pac is forecasted to be the quickest developing market during the outlook period"

Asia Pacific (APAC) is forecasted to be the quickest-increasing bioresorbable polymers market, in terms of both value and quantity. The growing demand of bioresorbable polymers from the orthopedics and drug delivery applications and the increasing healthcare sector is predicted to push the demand of bioresorbable polymers in the territory.

Break-up of profiles by the primary participants for the study

- By Company Type - Tier 1 - 37.0 percent, Tier 2 - 50.0 percent, and 1/3 3 - 13.0 percent

- By Designation - C Level- 50.0 percent, Director Level - 31.0 percent, and Others - 19.0 percent

- By area - North america (NA) - 28.0 percent, Western Europe - 24.0 percent, Central Europe - 17.0 percent, Asia-Pacific - 14.0 percent, the Middle East & Africa - 10.0 percent, and Latin America - 7.0 percent

The analysis includes company profiles of main actors and recent activities undertaken in the market including new product launches, business developments, and R&D. Some of the main firms decribed in this business report are Corbion N.V., Evonik Industries , Foster Corporation, KLS Martin, and Poly-Med Inc..

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