Dublin, Feb. 13, 2020 (GLOBE NEWSWIRE) -- The "Global Resorbable (Bioresorbable) Polymers Market By Type (Agro-Polymers, Biopolyesters & Others), By Application, By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The global resorbable (bioresorbable) polymers market stood at $1.6 billion in 2018 and is projected to reach $2.4 billion by 2024, growing at a CAGR of around 7.5% during the forecast period. Bioresorbable polymers are a ground-breaking technological material that can be broken down by the body and do not require mechanical removal. These materials have applications in a broad range of medical indications, such as coronary & peripheral vascular scaffolds, tissue fixation screws and sutures. Some of the factors fueling the global resorbable (bioresorbable) polymers market are patient-friendliness, growing demand in drug delivery application and cost-effectiveness. However, the market is restrained by the lack of quality control in some developing countries and high price of bioresorbable polymers. Global Resorbable (Bioresorbable) Polymers Market Segmentation The market has been categorized into type, application and regional distribution. Based on type, the market has been segmented into agro-polymers (Polysaccharides & Proteins) and bio -polyesters (Polylactic Acid, Polycaprolactone, Polyglycolic Acid). The market is dominated by the biopolyesters type segment, owing to high resistance to poor environmental conditions and their enhanced quality.
The bio-polyesters segment is also anticipated to emerge as the fastest-growing segment in the global bioresorbable polymers market during the forecast period. Based on application, the market has been segmented into orthopedics, drug delivery and others. Among these application segments, the orthopedics application is expected to lead the global bioresorbable polymers market in coming years, closely followed by the drug delivery segment. Notably, the drug delivery application is also expected to witness the highest growth rate during the forecast period, owing to the growing number of implant surgeries in North America, Asia-Pacific and Europe. Global Resorbable (Bioresorbable) Polymers Regional Segmentation North America is the largest bioresorbable polymers market, in terms of value, globally, closely followed by Europe. Some of the factors propelling the growth of the North American market include augmented local manufacturing, high growth of end-use industries and increasing number of domestic companies in various vertical market segments. Furthermore, North America is anticipated to register strong growth in the global bioresorbable polymers market, on the back of high demand from drug delivery applications and orthopedics.
Objective of the Study:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners and end-users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Recall
4.3. Brand Satisfaction
4.4. Factors Influencing Purchase Decision
4.5. Challenges/Issues Faced Post Purchase
5. Global Resorbable (Bioresorbable) Polymers Market Overview
6. Global Resorbable (Bioresorbable) Polymers Market Outlook
6.1. Market Size & Forecast
6.2. Market Share & Forecast
6.3. Market Attractiveness Index
7. North America Resorbable (Bioresorbable) Polymers Market Outlook
8. Europe Resorbable (Bioresorbable) Polymers Market Outlook
9. Asia-Pacific Resorbable (Bioresorbable) Polymers Market Outlook
10. Rest of the World (Bioresorbable) Polymers Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles (Leading companies)
14. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/cwzoov
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900