The Bioresorbable Polymers Market was valued at US$ 3,260.07 million in 2021 and is projected to reach US$ 6,463.07 million by 2028. It is expected to grow at a CAGR of 10.3% from 2021 to 2028.
Bioresorbable polymer-based implants are being widely used for fracture fixation in orthopedic surgery. Orthopedic implants, such as interference screws, plates, pins, suture anchors, meniscal repair implants, and simple fracture fixation implants, are the most commonly used resorbable implants for anterior cruciate ligament reconstruction, shoulder surgery, meniscal repair, and fracture care. When these implants are added to the body, they perform the desired action, and once done, these implants get absorbed in the body by themselves. These resorbable polymer-based implants include sutures, screws, stents, plates, pins, and others used in various orthopedics sub-applications, such as trauma, hip, knee, spine, joint, and other injuries. These implants break down naturally after implantation, during the healing and supporting process. Thus, the rise in the road and on-site accidents are fueling the demand for orthopedic implants and, subsequently, driving the bioresorbable polymers market growth.
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Bioresorbable Polymers Market: Strategic Insights
Market Size Value in US$ 3,260.07 million in 2021 Market Size Value by US$ 6,463.07 million by 2028 Growth rate CAGR of 10.3% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Bioresorbable Polymers Market: Strategic Insights
| Market Size Value in | US$ 3,260.07 million in 2021 |
| Market Size Value by | US$ 6,463.07 million by 2028 |
| Growth rate | CAGR of 10.3% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Bioresorbable Polymers Market
The ongoing COVID-19 pandemic is anticipated to cause considerable disruptions in the growth of various industries globally. However, the uncertainty regarding the future outbreak, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific countries have taken possible steps to restrict the spread of the virus by announcing a country-wide lockdown, which directly impacts the growth of industrial sectors. The shutdown of manufacturing units and the disruption in the supply chain has obstructed the market. In India, there has been a reduction in road accidents during the COVID pandemic. According to the Minister for Road Transport and Highways, there was s 26,48% reduction in road accidents. A reduction in road accidents has led to a reduced case for tissue engineering, which will reduce the demand for medical implants, thus negatively impacting the bioresorbable polymer market.
Market Insights
Increasing Application of 3D Scaffold Printing for Tissue Engineering
The increasing application of bioresorbable polymers to create organ-like structures using 3D scaffold printing for tissue engineering is gaining significant traction in the healthcare industry. Bioresorbable polymers contain excellent cell adhesion properties, making them suitable for tissue engineering applications, such as bone, tendon, cartilage, tooth, and spinal regeneration. These polymers are fabricated into scaffolds using various techniques, such as electrospinning and polymers printing, to create microstructures and nanomaterials that facilitate tissue development. 3D scaffold printing can produce highly complex designs with controllable features for efficient and smooth tissue engineering. The application of bioresorbable polymers for 3D scaffold printing is expected to be the future trend in tissue regenerating treatment and in this market over the forecast period.
Type Insights
Based on the type, the global bioresorbable polymers market is segmented into polylactic acid (PLA), polyglycolic acid (PGA), polydioxanone, polycaprolactone (PCL), others. The Polyglycolic Acid (PGA) segment led the bioresorbable polymers market with a largest revenue share of the market in 2020.
Application Insights
Based on the application, the global bioresorbable polymers market is segmented into orthopedic devices, drug delivery, and others. The orthopedic devices segment led the bioresorbable polymers market in 2020.
Bezwada Biomedical, LLC; Evonik Industries AG; Foster Corporation; Ashland; Musashino Chemical Laboratory, Ltd.; Huizhou Foryou Medical Devices Co., Ltd.; Polysciences, Inc.; BMG; Poly-Med Incorporated; And Reva Medical, LLC., are the key bioresorbable manufacturers across the world. These players are actively focusing on product innovation to develop more bioabsorbable materials that suit the human body without leaving any side effects.
Bioresorbable Polymers Market Report Scope
Report Spotlights
- Progressive industry trends in the bioresorbable polymers market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the bioresorbable polymers Market from 2019 to 2028
- Estimation of global demand for bioresorbable polymers
- Porter's analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the bioresorbable polymers market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the bioresorbable polymers market size at various nodes
- Detailed overview and segmentation of the market, as well as the bioresorbable polymers industry dynamics
- Size of the bioresorbable polymers market in various regions with promising growth opportunities
Bioresorbable polymers Market – by type
- Polylactic Acid (PLA)
- Polyglycolic Acid (PGA)
- Polydioxanone, Polycaprolactone (PCL)
- Others
Bioresorbable polymers Market – by application
- Orthopedic Devices
- Drug Delivery
- Others
Company Profiles
- Bezwada Biomedical, LLC
- Evonik Industries AG
- Foster Corporation
- Ashland
- Musashino Chemical Laboratory, Ltd.
- Huizhou Foryou Medical Devices Co., Ltd.
- Polysciences, Inc.
- BMG
- Poly-Med Incorporated
- Reva Medical, LLC.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific is estimated to register the fastest CAGR in the market over the forecast period. The presence of high-growth markets such as India, China, and Japan due to the rapid increase in the geriatric population; increase in the number of hospitals; the implementation of favorable government initiatives; rise in investments in the healthcare industry; surge in demand for cutting-edge surgery products; and the expansion of private-sector hospitals in the rural areas are driving the market in the region. The increase in the elderly population across the region has led to a higher prevalence of osteoarthritis and other conditions, resulting in injuries requiring orthopedic devices.
The polylactic Acid (PLA) segment registered the fastest CAGR in the global bioresorbable polymers market. PLA is extensively used to manufacture medical implant devices and parts such as screws, pins, rods, and plates due to its biodegradable properties. The advantage of using PLA-based small parts in medical devices enables it to naturally convert into lactic acid in the body at low concentrations and can be safely removed by the body’s excretory system. Also, PLA is widely used in tissue engineering for bone tissue replacement purposes which is one of the most recent utilities of this polymer in medical science.
Orthopedic devices segment has led the bioresorbable polymers market in 2020, in terms of revenue. The orthopedic devices segment of the bioresorbable polymers market accounts for one of the largest revenue shares of the market. The growth of the segment can be attributed to the increasing sub-application of trauma, hip, knee, spine and bone surgery globally. The growing instances of accidents, sports injury, and the ageing population globally is surging the need for various joint and bone surgeries. Bioresorbable polymers are extensively used to make sutures, screws, stents, pins, rods, and plates in implant devices. After adding these devices to the body, they perform the desired action, and once done, these implants get absorbed in the body by themselves. Further, these implants break down naturally after implantation, during the healing and supporting process.
The polyglycolic acid segment of the bioresorbable polymers market is expected to grow at a notable rate in the forecast years. Polyglycolic acid is commonly used in scaffolds for various tissue engineering applications such as bone, tendon, cartilage, tooth, and spinal regeneration. Also, polyglycolic acid is a well-known alternative for PLA in orthopedic applications.
The major players operating in the bioresorbable polymers market are Bezwada Biomedical, LLC; Evonik Industries AG; Foster Corporation; Ashland; Musashino Chemical Laboratory, Ltd.; Huizhou Foryou Medical Devices Co., Ltd.; Polysciences, Inc.; BMG; Poly-Med Incorporated; and Reva Medical, LLC.
In 2020, North America held the largest revenue share of the global bioresorbable polymers market. The US and Canada mainly lead the demand for bioresorbable polymers in North America. Factors such as the growing number of FDA approvals for medical devices and the increasing presence of well-developed healthcare systems are driving the bioresorbable polymer market in the region. Further, the increased presence of orthopedic impairment patients in the region has led to a rise in demand for bioresorbable polymers.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Bioresorbable Polymers Market Landscape
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers:
4.2.2 Bargaining Power of Buyers:
4.2.3 Threat of New Entrants:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Bioresorbable Polymers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Bioresorbable Medical Implants and Wound Dressing Covers
5.1.2 Rising Demand for Orthopedic Surgery due to Augmenting Cases of Road and On-site Accident
5.2 Market Restraints
5.2.1 Increasing Minimally Invasive Surgeries
5.3 Market Opportunities
5.3.1 Growing Healthcare Infrastructure in Developing Economies
5.4 Future Trends
5.4.1 Rising Trend of 3D Scaffold Printing for Tissue Engineering
5.5 Impact Analysis of Drivers and Restraints
6. Bioresorbable Polymers – Global Market Analysis
6.1 Bioresorbable Polymers Market Overview
6.2 Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Bioresorbable Polymers Market Players
7. Bioresorbable Polymers Market – By Type
7.1 Overview
7.2 Bioresorbable Polymers Market, By Type (2020 and 2028)
7.3 Polylactic Acid (PLA)
7.3.1 Overview
7.3.2 Polylactic Acid (PLA): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Polyglycolic Acid (PGA)
7.4.1 Overview
7.4.2 Polyglycolic Acid (PGA): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Polydioxanone
7.5.1 Overview
7.5.2 Polydioxanone: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Polycaprolactone (PCL)
7.6.1 Overview
7.6.2 Polycaprolactone (PCL): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
8. Bioresorbable Polymers Market Analysis – By Application
8.1 Overview
8.2 Bioresorbable Polymers Market, By Application (2020 and 2028)
8.3 Orthopedic Devices
8.3.1 Overview
8.3.2 Orthopedic Devices: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Drug Delivery
8.4.1 Overview
8.4.2 Drug Delivery: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
9. Bioresorbable Polymers Market – Geographic Analysis
9.1 Overview
9.2 North America: Bioresorbable Polymers Market
9.2.1 North America: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Bioresorbable Polymers Market, by Type
9.2.3 North America: Bioresorbable Polymers Market, by Application
9.2.4 North America: Bioresorbable Polymers Market, by Key Country
9.2.4.1 US: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Bioresorbable Polymers Market, by Type
9.2.4.1.2 US: Bioresorbable Polymers Market, by Application
9.2.4.2 Canada: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Bioresorbable Polymers Market, by Type
9.2.4.2.2 Canada: Bioresorbable Polymers Market, by Application
9.2.4.3 Mexico: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Bioresorbable Polymers Market, by Type
9.2.4.3.2 Mexico: Bioresorbable Polymers Market, by Application
9.3 Europe: Bioresorbable Polymers Market
9.3.1 Europe: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Bioresorbable Polymers Market, by Type
9.3.3 Europe: Bioresorbable Polymers Market, by Application
9.3.4 Europe: Bioresorbable Polymers Market, by Key Country
9.3.4.1 Germany: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Bioresorbable Polymers Market, by Type
9.3.4.1.2 Germany: Bioresorbable Polymers Market, by Application
9.3.4.2 France: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Bioresorbable Polymers Market, by Type
9.3.4.2.2 France: Bioresorbable Polymers Market, by Application
9.3.4.3 Italy: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Bioresorbable Polymers Market, by Type
9.3.4.3.2 Italy: Bioresorbable Polymers Market, by Application
9.3.4.4 UK: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Bioresorbable Polymers Market, by Type
9.3.4.4.2 UK: Bioresorbable Polymers Market, by Application
9.3.4.5 Russia: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Bioresorbable Polymers Market, by Type
9.3.4.5.2 Russia: Bioresorbable Polymers Market, by Application
9.3.4.6 Rest of Europe: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Bioresorbable Polymers Market, by Type
9.3.4.6.2 Rest of Europe: Bioresorbable Polymers Market, by Application
9.4 Asia Pacific: Bioresorbable Polymers Market
9.4.1 Asia Pacific: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Bioresorbable Polymers Market, By Type
9.4.3 Asia Pacific: Bioresorbable Polymers Market, by Application
9.4.4 Asia Pacific: Bioresorbable Polymers Market, by Key Country
9.4.4.1 Australia: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Bioresorbable Polymers Market, By Type
9.4.4.1.2 Australia: Bioresorbable Polymers Market, by Application
9.4.4.2 China: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Bioresorbable Polymers Market, By Type
9.4.4.2.2 China: Bioresorbable Polymers Market, by Application
9.4.4.3 India: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Bioresorbable Polymers Market, By Type
9.4.4.3.2 India: Bioresorbable Polymers Market, by Application
9.4.4.4 Japan: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Bioresorbable Polymers Market, By Type
9.4.4.4.2 Japan: Bioresorbable Polymers Market, by Application
9.4.4.5 South Korea: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Bioresorbable Polymers Market, By Type
9.4.4.5.2 South Korea: Bioresorbable Polymers Market, by Application
9.4.4.6 Rest of Asia Pacific: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Bioresorbable Polymers Market, By Type
9.4.4.6.2 Rest of Asia Pacific: Bioresorbable Polymers Market, by Application
9.5 Middle East and Africa: Bioresorbable Polymers Market
9.5.1 Middle East and Africa: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Bioresorbable Polymers Market, By Type
9.5.3 Middle East and Africa: Bioresorbable Polymers Market, by Application
9.5.4 Middle East and Africa: Bioresorbable Polymers Market, by Key Country
9.5.4.1 South Africa: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Bioresorbable Polymers Market, By Type
9.5.4.1.2 South Africa: Bioresorbable Polymers Market, by Application
9.5.4.2 Saudi Arabia: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Bioresorbable Polymers Market, By Type
9.5.4.2.2 Saudi Arabia: Bioresorbable Polymers Market, by Application
9.5.4.3 UAE: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Bioresorbable Polymers Market, By Type
9.5.4.3.2 UAE: Bioresorbable Polymers Market, by Application
9.5.4.4 Rest of MEA: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Bioresorbable Polymers Market, By Type
9.5.4.4.2 Rest of MEA: Bioresorbable Polymers Market, by Application
9.6 South and Central America: Bioresorbable Polymers Market
9.6.1 South and Central America: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Bioresorbable Polymers Market, By Type
9.6.3 South and Central America: Bioresorbable Polymers Market, by Application
9.6.4 South and Central America: Bioresorbable Polymers Market, by Key Country
9.6.4.1 Brazil: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Bioresorbable Polymers Market, By Type
9.6.4.1.2 Brazil: Bioresorbable Polymers Market, by Application
9.6.4.2 Argentina: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Bioresorbable Polymers Market, By Type
9.6.4.2.2 Argentina: Bioresorbable Polymers Market, by Application
9.6.4.3 Rest of South and Central America: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Bioresorbable Polymers Market, By Type
9.6.4.3.2 Rest of South and Central America: Bioresorbable Polymers Market, by Application
10. Impact of COVID-19 on Global Bioresorbable Polymers Market
10.1 Overview – Impact of COVID-19
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Expansion
11.3 Product News
12. Company Profiles
12.1 BMG Incorporated
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Evonik Industries AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Foster Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Ashland Global Holdings Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Poly-Med Incorporated
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 REVA Medical, LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Musashino Chemical Laboratory, Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Huizhou Foryou Medical Devices Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Polysciences Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Bezwada Biomedical LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Bioresorbable Polymers Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Bioresorbable Polymers Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Bioresorbable Polymers Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million
Table 27. Asia Pacific Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Bioresorbable Polymers Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 30. China Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. China Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. India Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. India Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia Pacific Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia Pacific Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. Middle East and Africa Bioresorbable Polymers Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 50. South and Central America Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 51. South and Central America Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 52. Brazil Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 53. Brazil Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 54. Argentina Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 55. Argentina Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 56. Rest of South and Central America Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 57. Rest of South and Central America Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 58. List of Abbreviation
LIST OF FIGURES
Figure 1. Bioresorbable Polymers Market Segmentation
Figure 2. Bioresorbable Polymers Market Segmentation – By Geography
Figure 3. Global Bioresorbable Polymers Market Overview
Figure 4. Orthopedic Devices Segment Held the Largest Share of the Global Bioresorbable Polymers Market
Figure 5. North America Held Largest Share of Global Bioresorbable Polymers Market
Figure 6. Global Bioresorbable Polymers Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem Analysis: Bioresorbable Polymers Market
Figure 9. Expert Opinions
Figure 10. Global Bioresorbable Polymers Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Bioresorbable Polymers Market
Figure 12. Global: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Bioresorbable Polymers Market Revenue Share, By Type (2020 and 2028)
Figure 14. Polylactic Acid (PLA): Bioresorbable Polymers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Polyglycolic Acid (PGA): Bioresorbable Polymers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Polydioxanone: Bioresorbable Polymers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Polycaprolactone (PCL): Bioresorbable Polymers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Others: Bioresorbable Polymers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Bioresorbable Polymers Market Revenue Share, By Application (2020 and 2028)
Figure 20. Orthopedic Devices: Bioresorbable Polymers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Drug Delivery: Bioresorbable Polymers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Others: Bioresorbable Polymers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Global Bioresorbable Polymers Market Revenue Share, by Region (2020 and 2028)
Figure 24. North America: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America: Bioresorbable Polymers Market Revenue Share, by Type (2020 and 2028)
Figure 26. North America: Bioresorbable Polymers Market Revenue Share, by Application (2020 and 2028)
Figure 27. North America: Bioresorbable Polymers Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. US: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Bioresorbable Polymers Market Revenue Share, by Type (2020 and 2028)
Figure 33. Europe: Bioresorbable Polymers Market Revenue Share, by Application (2020 and 2028)
Figure 34. Europe: Bioresorbable Polymers Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Germany: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. France: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Italy: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. UK: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Russia: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of Europe: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. Asia Pacific: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia Pacific: Bioresorbable Polymers Market Revenue Share, By Type (2020 and 2028)
Figure 43. Asia Pacific: Bioresorbable Polymers Market Revenue Share, by Application (2020 and 2028)
Figure 44. Asia Pacific: Bioresorbable Polymers Market Revenue Share, by Key Country (2020 and 2028)
Figure 45. Australia: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. China: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47. India: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. Japan: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 49. South Korea: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Asia Pacific: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. Middle East and Africa: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Middle East and Africa: Bioresorbable Polymers Market Revenue Share, By Type (2020 and 2028)
Figure 53. Middle East and Africa: Bioresorbable Polymers Market Revenue Share, by Application (2020 and 2028)
Figure 54. Middle East and Africa: Bioresorbable Polymers Market Revenue Share, by Key Country (2020 and 2028)
Figure 55. South Africa: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 56. Saudi Arabia: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. UAE: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Rest of MEA: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. South and Central America: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South and Central America: Bioresorbable Polymers Market Revenue Share, By Type (2020 and 2028)
Figure 61. South and Central America: Bioresorbable Polymers Market Revenue Share, by Application (2020 and 2028)
Figure 62. South and Central America: Bioresorbable Polymers Market Revenue Share, by Key Country (2020 and 2028)
Figure 63. Brazil: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Argentina: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of South and Central America: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Impact of COVID-19 Pandemic on Bioresorbable Polymer Market in North America
Figure 67. Impact of COVID-19 Pandemic on Bioresorbable Polymer Market in Europe
Figure 68. Impact of COVID-19 Pandemic on Bioresorbable Polymer Market in Asia Pacific
Figure 69. Impact of COVID-19 Pandemic on Bioresorbable Polymer in the Middle East and Africa
Figure 70. Impact of COVID-19 Pandemic on Bioresorbable Polymer in South and Central America
The List of Companies - Bioresorbable Polymers Market
- BMG Incorporated
- Evonik Industries AG
- Foster Corporation
- Ashland Global Holdings Inc.
- Poly-Med Incorporated
- REVA Medical, LLC
- Musashino Chemical Laboratory, Ltd
- Huizhou Foryou Medical Devices Co., Ltd.
- Polysciences Inc
- Bezwada Biomedical LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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