IMARC Group, a leading market research company, has recently releases report titled “Bioresorbable Polymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global bioresorbable polymers market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the bioresorbable polymers market?
The global bioresorbable polymers market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.4 Billion by 2032, exhibiting a growth rate (CAGR) of 9.86% during 2024-2032.
Factors Affecting the Growth of the Bioresorbable Polymers Industry:
Advancements in Medical Technology:
The bioresorbable polymers market is significantly driven by advancements in medical technology, which have revolutionized treatment options. These polymers offer unique advantages in medical devices and implants by being biocompatible and capable of safely degrading within the body over time. This characteristic reduces the need for secondary surgeries to remove implants, improving patient recovery and reducing healthcare costs. For instance, bioresorbable sutures eliminate the need for suture removal, enhancing patient comfort and wound healing. Moreover, these polymers are increasingly utilized in cardiovascular stents and orthopedic implants, where their gradual absorption aligns with tissue healing processes, minimizing complications and enhancing therapeutic outcomes. The continuous evolution in materials science and engineering has led to the development of bioresorbable polymers with tailored mechanical properties and degradation rates, ensuring compatibility with specific medical applications.
Environmental Awareness and Regulatory Pressures:
Increasing environmental awareness and stringent regulatory pressures to reduce plastic waste have propelled the bioresorbable polymers market forward. These materials offer a sustainable alternative to traditional plastics in single-use medical devices and packaging. Regulatory bodies worldwide are advocating for eco-friendly solutions, driving innovation and adoption across industries. For example, bioresorbable polymers are increasingly used in drug delivery systems and surgical applications where their biodegradability minimizes environmental impact post-use. Companies are investing in research to develop bioresorbable alternatives that meet regulatory standards while maintaining performance and safety. The shift towards circular economy principles further supports the market growth of bioresorbable polymers, encouraging closed-loop systems where materials are reused or safely degraded after use.
Rising Incidence of Chronic Diseases:
The rising incidence of chronic diseases globally has fueled the demand for bioresorbable polymers in drug delivery systems. These polymers enable controlled release of therapeutic agents over extended periods, improving treatment efficacy and patient compliance. Chronic diseases such as diabetes, cardiovascular disorders, and cancer require long-term medication, driving the need for biocompatible materials that can safely degrade in the body. Bioresorbable polymers offer precise delivery of drugs to targeted tissues, reducing systemic side effects and enhancing therapeutic outcomes. Furthermore, the versatility of these polymers allows for customization of drug release profiles, catering to diverse medical needs. As healthcare systems strive to manage chronic conditions more effectively, bioresorbable polymers play a pivotal role in enhancing treatment options and improving patient quality of life.
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Bioresorbable Polymers Market Report Segmentation:
Breakup by Product:
- Polysaccharides
- Proteins
- Polylactic Acid
- Polyglycolic Acid
- Polycaprolactone
- Others
Polylactic acid represented the largest segment due to its biocompatibility, versatility in medical applications, and environmentally friendly properties, making it a preferred choice in surgical sutures, drug delivery systems, and orthopedic implants.
Breakup by Application:
- Drug Delivery
- Orthopedics
- Others
Orthopedics represented the largest segment owing to the increasing prevalence of orthopedic disorders and injuries globally, driving demand for bioresorbable polymers in implants, fixation devices, and scaffolds that support tissue regeneration and healing processes.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America was the largest market due to high healthcare expenditures, robust research and development activities, favorable regulatory policies, and early adoption of advanced medical technologies, fostering the demand for bioresorbable polymers in medical devices and pharmaceutical applications across the region.
Global Bioresorbable Polymers Market Trends:
The global market for bioresorbable polymers is driven by several key factors shaping its growth trajectory, such as the advancements in medical technology have spurred demand for biocompatible materials capable of being safely absorbed by the body post-treatment, fostering innovation and expanding applications in medical devices and implants. In line with this, increasing environmental awareness and regulatory pressures to reduce plastic waste have propelled research and development in bioresorbable alternatives across various industries. Additionally, the rising incidence of chronic diseases necessitating long-term treatments has fueled the adoption of bioresorbable polymers in drug delivery systems, providing controlled release mechanisms that improve patient outcomes. Furthermore, investments in biotechnology and material sciences have accelerated the commercialization of bioresorbable polymers, enhancing their mechanical properties and biodegradability profiles.
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Bioresorbable polymers are innovative technological materials that can happen to be broken down by the body and don’t require any mechanical removal, such as sutures or the chlorhexidine chip.
Bioresorbable materials have numerous applications such as medical indications, as sutures, tissue fixation screws, bone pins & anchors, coronary & peripheral vascular scaffolds, drug delivery coatings as well as microspheres and surgical meshes & matrices.
The materials in this class include polymers, metals, ceramics, glasses and materials of biological origin such as natural collagen, which may allow for drug elution and delivery as well as performing a mechanical Type.Bioresorbable polymers market is expected to grow at a rate of 14.6% for the forecast period of 2020 to 2027.
Bioresorbable polymers market report analyses the growth, due to increasing adoption of in the drug delivery applications.
Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-bioresorbable-polymers-marketMarket Drivers and Restraints:On the basis of product, the bioresorbable polymers market is segmented into polylactic acid (PLA), polyglycolic acid (PGA), polycaprolactone, polysaccharides, proteinsOn the basis of application, the bioresorbable polymers market is segmented into drug delivery, orthopedics The major players covered in the Bioresorbable Polymers Markethe major players covered in the bioresorbable polymers market report are Corbion, Poly-Med, Foster Corporation, Evonik Industries AG., Sigma-Aldrich, Mar-Lee Companies, LACTEL Absorbable Polymers, DSM, PCAS, Galatea Surgical, Edge Design Services, Degradable Solutions, Amplitude Systems, MAST Bio surgery, KLS-Med, Sunwin Chemicals, Amino, Stepan Company, KAO Corporation, American Crystal Sugar, Wickham, Repsol, Carclo, Borealis Borouge, Nelipipak, Albis,, among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
