The Bioresorbable Medical Material Market was valued at US$ 935.99 million in 2019 and is expected to grow at a CAGR of 9% from 2021 to 2027 to reach US$ 1,942.13 million by 2027.
Bioabsorbable medical materials are absorbed and excreted by the body after completing the temporary functions of mechanical, scaffolding and biointegration. To minimize the long-term side effects of corrosion-resistant implants, a new generation of bioabsorbable medical devices has recently been developed. Bioabsorbable medical materials or devices are made up of polymers that can easily degrade over time. This has enabled the healthcare sector to overcome the challenges associated with non-natural medical devices with regard to bioincompatibilities that can lead to toxic side effects and immune rejection. This has increased the interest of researchers and pharmaceutical companies in bioabsorbable medical devices and is expected to continue to prevail in the future.
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Market Segments
By Product Type
- Polylactide (PLA)
- Poly-L-lactide (PLLA)
- Poly-DL-lactide (PDLLA)
- Polyglycolide (PGA)
- Polycaprolactone (PCL)
- Others
By Application
- Drug Delivery
- Medical Devices
- Orthopedics
- Others
Key Players
- Foster Corporation
- Poly-Med Corporation
- Zeus Industrial Products, Inc.
- Ashland
- Durect Corporation
- Groupe PCAS
- DSM
- Corbion
Scope of the Report
The research study analyzes the global Bioresorbable Medical Material industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Bioresorbable Medical Material Market Report
1. What was the Bioresorbable Medical Material Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Bioresorbable Medical Material Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Bioresorbable Medical Material Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Bioresorbable Medical Material market.
- The market share of the global Bioresorbable Medical Material market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Bioresorbable Medical Material market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Bioresorbable Medical Material market.
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