The "bioresorbable
polymers market analysis to 2028" is a specialized and in-depth study of the chemical and material industry, focusing on global
market trend analysis. The report aims to provide an overview of the bioresorbable
polymers market with detailed market segmentation based on the type,
application, and the geography. Based on the type, the market is segmented into
polylactic acid (PLA), polyglycolic acid (PGA), polydioxanone, polycaprolactone
(PCL), others. Based on the application, the market is segmented into
orthopedic devices, drug delivery, and others.
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The scope of our recent study, titled
"Bioresorbable Polymers Market to 2028 - Covid-19 Impact and Global
Analysis by Type [Polylactic Acid (PLA), Polyglycolic Acid (PGA),
Polydioxanone, Polycaprolactone (PCL), and Others] and Application (Orthopedic
Devices, Drug Delivery, and Others)" consists of the factors fueling the
market growth, revenue estimation and forecast, and market share analysis. It
also includes the identification of significant market players along with their
key developments.
Bioresorbable
polymers are absorbable materials used in implanted medical devices to offer a
physical structure to aid healing. They function as a drug delivery mechanism.
Various types of bioresorbable polymers include polyglycolic acid (PGA), poly
(L-lactic acid) (PLA), and polydioxanone. The growing volumes of surgical
procedures, rising need for biocompatible medical devices, increasing demand
for bioresorbable polymers in the drug delivery application, and favorable
reimbursement scenarios are some of the key factors driving the growth of this
market. Moreover, the surge in the application of bioresorbable polymer-based
medical implants and wound dressing covers are supporting this market as well.
Bioabsorbable polymers are the type of
absorbable materials used in implanted medical devices to offer a physical
structure to aid the healing process. Moreover, they also function as a drug
delivery mechanism. The growing volumes of surgical procedures, rising demand for
biocompatible medical devices, increasing demand for bioresorbable polymers in
the drug delivery application, and favorable reimbursement scenarios are some
of the key factors driving the growth of the global bioresorbable polymers
market. Moreover, rising demand for bioresorbable polymer-based medical
implants and wound dressing covers is also driving the market growth.
The growing number of road and work-related
accidents globally is fueling the demand for orthopedic surgery. As per the
World Health Organization (WHO) report, every year, around 20 to 50 million
people, worldwide, suffer from a non-fatal injury in road accidents. Another
study by the International Labor Organization (ILO), states that around 2.3
million of the population across the world meet work-related accidents every
year. Road and work-related accidents cause multiple fractures, joint
dislocation, ligament damage, and broken bones at several body parts, requiring
orthopedic implants to heal and cure the injury.
Impact of COVID-19 Pandemic on the Bioresorbable
Polymers Market
The COVID-19 has restricted the
manufacturing and supply chain, hampering many businesses globally. The bioresorbable
polymers market is one of the severely hit industries by this pandemic, with the
chemicals and materials industry facing disruption in the raw material supply
chain. However, several countries has eased the lockdown restrictions, as a
result the manufacturing units have been reopened and an increase in surgeries,
leading to a raised demand and production of medical devices. This factor will
positively impact the bioresorbable polymer market over the next few years.
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. Resorbable polymer-based orthopedic implants demand is increasing due
to its improved clinical outcomes and no additional surgery requirement for
removal of temporary implants.
As per the
report of Omnia Health, in 2019, China spent around US$ 928 billion on its
healthcare services. It recorded the construction of more than 35,000 hospitals
between 2016 to 2020. The country also accounted for the largest geriatric
population. Around 250 million individuals over 60 by 2019. The expansion in health
infrastructure and the increasing geriatric population in developing economies
are favoring the bioresorbable polymers market.
The
report segments the bioresorbable polymers market as follows:
Based on the type, the global bioresorbable polymers market is
segmented into polylactic acid (PLA), polyglycolic acid (PGA), polydioxanone,
polycaprolactone (PCL), and others. Based on the application, the market is
segmented into orthopedic devices, drug delivery, and others.
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