NEW YORK, Sept. 20, 2016 /PRNewswire/ -- The market size of bioresorbable polymers, in terms of value, is projected to reach USD 1,407.5 million by 2021 and is projected to register a CAGR of 13.42% between 2016 and 2021. The growing demand from major applications such as orthopedics and drug delivery is expected to drive the demand for bioresorbable polymers. The global demand of medicines and drugs increasing number of surgeries that is increasing with growing awareness among the people, and the growing healthcare services are ultimately increasing the demand of bioresorbable polymers.
"Drug delivery application is expected to witness the highest growth rate during the forecast period"
The drug delivery application is expected to witness the highest growth rate between 2016 and 2021. The demand for these polymers is increasing in drug delivery application, as patients do not prefer taking injections and other procedures repeatedly. Therefore, 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 growth of the bioresorbable polymers market.
"Asia-Pacific is projected to be the fastest-growing market during the forecast period"
Asia-Pacific is estimated to be the fastest-growing bioresorbable polymers market, in terms of both value and volume. The increasing demand of bioresorbable polymers from the orthopedics and drug delivery applications and the growing healthcare industry is expected to drive the demand of bioresorbable polymers in the region.
Break-up of profiles by the primary participants for the report
- By Company Type – Tier 1–37%, Tier 2–50%, and Tier 3–13%
- By Designation – C Level– 50%, Director Level–31%, and Others–19%
- By Region – North America–28%, Western Europe–24%, Central Europe-17%, Asia-Pacific–14%, the Middle East & Africa-10%, and Latin America-7%
The report includes company profiles of major players and recent activities undertaken in the market such as new product launches, expansions, and R&D. Some of the major companies profiled in this report are Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.).
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- Porter's Five Forces Analysis
- Value Chain Analysis
- Market Segmentation (Type, Application, and Region) by Volume and Value
- Competitor Analysis
- Detailed Information on Strategic Developments in the Industry
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