Resorbable Polymers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Resorbable Polymers Market is segmented by Material (Polylactic Acid, Polyglycolic Acid, Polycaprolactone, and PGA/PLA Copolymers), End-use Application (Drug Delivery and Orthopedics), Geography (Asia-Pacific, North America, Europe, and Rest of the World)

Resorbable Polymers Market Snapshot

Resorbable Polymers Market - Market Summary
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

>10 %

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Market Overview

The market for resorbable polymers is expected to grow at a CAGR of more than 10% during the forecast period. Major factors driving the market studied is growing demand from medical industry.

  • Applications in 3D printing of devices in medical Industry is expected to act as an opportunity to the market
  • Asia-Pacific dominated the market across the globe with the largest consumption in country such as China, India, etc.

Scope of the report

The resorbable polymers market report includes:

Material
Polylactic Acid (PLA)
Polyglycolic Acid (PGA)
Polycaprolactone (PCL)
PGA/PLA Copolymers
End-use Application
Drug Delivery
Oral
Parenteral
Orthopedics
Trauma
Spin
Sports Medicine
Combined Magnetic Field (CMF)
Knee
Hip
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of the World

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Key Market Trends

Orthopedics to Dominate the Market

  • Orthopedics will continue to dominate the market for resorbable polymers during the forecast period. 
  • Resorbable polymers are biocompatible, non-toxic in nature and have properties, such as thermoplasticity, strength, crystallinity, degradation characteristics, and hydrophilicity, which are major requirements of implants used in knee, spine, and hip among others. 
  • In addition, the use of resorbable polymer helps in tissue regeneration in a hospitable environment, thereby, replacing the use of conventional components in the orthopedic application, which, in turn, is driving the market for resorbable polymers.
Resorbable Polymers Market Segmentation Trends

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Asia-Pacific Region to be the Fastest Growing Market

  • Asia-Pacific is projected to be the fastest-growing market for resorbable polymers, during the forecast period, owing to the growing demand from the medical industry.
  • An increase in medical tourism in countries, such as India, Thailand, South Korea, Malaysia, and Taiwan is expected to increase the consumption of various medical products manufactured using resorbable polymers.
  • In addition, factors, such as high quality, and relatively low-cost medical services provided in countries, such as India, and Thailand are expected to increase the consumption of resorbable polymers.
  • Also, change in public health care reforms and rapidly expanding private health care sector in the region is expected to increase the market for resorbable polymers.
Resorbable Polymers Market Regional Trends

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Competitive Landscape

The resorbable polymer market is fragmented in nature. Some of the prominent players in the market include Ashland, CORBION, KLS Martin Group, Evonik Industries AG, and Foster Corporation, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Medical Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material

      1. 5.1.1 Polylactic Acid (PLA)

      2. 5.1.2 Polyglycolic Acid (PGA)

      3. 5.1.3 Polycaprolactone (PCL)

      4. 5.1.4 PGA/PLA Copolymers

    2. 5.2 End-use Application

      1. 5.2.1 Drug Delivery

        1. 5.2.1.1 Oral

        2. 5.2.1.2 Parenteral

      2. 5.2.2 Orthopedics

        1. 5.2.2.1 Trauma

        2. 5.2.2.2 Spin

        3. 5.2.2.3 Sports Medicine

        4. 5.2.2.4 Combined Magnetic Field (CMF)

        5. 5.2.2.5 Knee

        6. 5.2.2.6 Hip

        7. 5.2.2.7 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Ashland

      2. 6.4.2 Biogeneral

      3. 6.4.3 CORBION

      4. 6.4.4 DURECT Corporation

      5. 6.4.5 Evonik Industries AG

      6. 6.4.6 Foster Corporation

      7. 6.4.7 KLS Martin Group

      8. 6.4.8 Poly-Med Incorporated.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Applications in 3D Printing of Devices in Medical Industry

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Resorbable Polymers Market market is studied from 2016 - 2026.

The Resorbable Polymers Market is growing at a CAGR of >10% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • Ashland
  • CORBION
  • Evonik Industries AG
  • Foster Corporation
  • KLS Martin Group

Are the major companies operating in Resorbable Polymers Market.

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