Bioresorbable Polymers
Bioresorbable Polymers Market by Product Type (Polycaprolactone, Polyglycolic Acid, Polylactic Acid), Application (Drug Delivery, Orthopedics) - Global Forecast 2024-2030
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[190 Pages Report] The Bioresorbable Polymers Market size was estimated at USD 905.90 million in 2023 and expected to reach USD 998.48 million in 2024, at a CAGR 10.47% to reach USD 1,819.30 million by 2030.

Bioresorbable polymers are biodegradable, biocompatible, and noncytotoxic materials that are safely absorbed by the body. The physical and degradation properties of bioresorbable polymers allow these polymers to be used for various applications such as orthopedic fixation, vascular stents, tissue engineering, and controlled drug delivery. The usage of bioresorbable polymers is significantly growing for various clinical applications, including bone implants, sutures, and drug delivery devices. Additionally, the worldwide increasing prevalence of orthopedic disorders, including arthritis, osteoarthritis, and rheumatoid arthritis, expanded the need for bioresorbable polymers for fracture fixation in orthopedic surgery or soft-tissue fixation. Furthermore, bioresorbable materials are used to create micro-scale medical devices and manufactured from various types of natural or synthetic polymers, including thermoplastic polyurethane and metals such as magnesium. However, the availability of less expensive and conventional bioresorbable polymers is hampering the growth of the bioresorbable polymer market. The technological advances in orthopedic implants and surgical devices are creating opportunities for the market.

Regional Insights

The U.S. has a developed pharmaceutical industry owing to the highest spending in the healthcare sector and the contribution of pharmaceutical manufacturers to the growth of the market across the North American region. Furthermore, the growing prevalence of arthritis in countries such as the U.S., the UK, China, and India expanded the need for bioresorbable polymers. Furthermore, pharmaceutical research and development (R&D) activities are significantly growing owing to government funding, a huge patient population, low costs, and the availability of an R&D workforce. Additionally, South Korea’s government has invested USD 693 million into the pharmaceutical industry to enhance R&D for new drugs. The African Development Fund invested USD 6 million in developing the pharmaceutical sector in Southern and Eastern Africa, subsequently expanding the market scope in the African region. In addtion, the pharmaceutical industry is expanding in the United Arab Emirates (UAE) and Saudi Arabia owing to ongoing improvements and government investments in the healthcare sector, assisting in the market growth in the Middle East & Africa region.

Bioresorbable Polymers Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Bioresorbable Polymers Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Surging availability of orthopedic devices with usage of bioresorbable polymers
    • Favorable reimbursement policies for several surgical procedures
    • Growing adoption of bioresorbable polymers for polymeric drug delivery and 3D printed medical implants
  • Market Restraints
    • Availability of cheap and conventional bioresorbable polymers
  • Market Opportunities
    • Supportive government initiatives in research and development of bio-based bioresorbable polymer
    • Rising technological advances in orthopedic implants and surgical devices
  • Market Challenges
    • Barriers associated with the bioresorbable packaging
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Bioresorbable Polymers Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Bioresorbable Polymers Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Bioresorbable Polymers Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Bioresorbable Polymers Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Bioresorbable Polymers Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Bioresorbable Polymers Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Bioresorbable Polymers Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Bioresorbable Polymers Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Bioresorbable Polymers Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Bioresorbable Polymers Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

The Bioresorbable Polymers Market Research Report by 360iResearch had a transformative impact on our operations. Before utilizing the report, navigating the complexities of reimbursement policies for surgical procedures was daunting. The report provided us with valuable insights and actionable strategies, particularly highlighting the most favorable reimbursement policies. As a result, we optimized our reimbursement processes, leading to significant financial and operational improvements. Our entire team acknowledges the indispensable value of 360iResearch's report in shaping our strategic directions. Highly recommended.
Goodfellow Cambridge Ltd.
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FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bioresorbable Polymers Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Bioresorbable Polymers Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Evonik and BellaSeno advance commercialization of 3D-printed, bioresorbable implants

    Evonik and Bellaseno have joined forces to propel the commercialization of 3D printed bioresorbable implants in the healthcare industry. This groundbreaking technology promises to revolutionize the way medical implants are produced and utilized. The innovative approach enables the production of customized implants with superior biocompatibility, while minimizing the risk of infection and complications. With the rising demand for bioresorbable polymers, this partnership is poised to deliver solutions that are both safe and effective. In a professional tone, this development is a testament to the potential of 3D printing in healthcare and the continuous pursuit of innovation in the field. [Published On: 2023-03-06]

  • Evonik backs Allay's development of pain therapy implants

    Evonik Industries has invested in Allay Therapeutics, a company that specializes in developing bioresorbable polymers for post-surgery pain therapy implants. With this investment, Evonik aims to support the development of innovative solutions for managing chronic pain, a condition that affects millions of people worldwide. The bioresorbable implants are designed to gradually dissolve and be absorbed by the body over a period of time, eliminating the need for further surgery. The use of bioresorbable polymers has gained popularity in recent years due to their biocompatibility and effectiveness in delivering drugs. Allay's innovative technology is expected to meet the growing demand for non-invasive, long-lasting pain management options. [Published On: 2022-12-13]

  • Collagen matrix acquires polyganics

    Collagen Matrix, a leading global manufacturer of collagen products for tissue repair and regeneration, has announced the acquisition of Polyganics, a medical technology company developing bioresorbable polymers and devices for neurological applications. The acquisition aligns with Collagen Matrix's mission to provide innovative solutions for tissue healing and regeneration, and expands their product portfolio into the neurosurgery and neuro-trauma markets. With Polyganics' advanced technology and Collagen Matrix's expertise in collagen-based materials, this collaboration has the potential to bring breakthrough solutions to patients in need of neurological care. [Published On: 2022-10-05]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bioresorbable Polymers Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The Bioresorbable Polymers Market Research Report from 360iResearch was a game-changer for us. Before, we struggled with aligning our projects with government policies. The report unveiled supportive initiatives and strategies that transformed our project execution and stakeholder communication. Thanks to these insights, we saw marked improvements in efficiency and reached new heights in our endeavors. Absolutely satisfied with the report's impact!
Aduro Biopolymers LP
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Key Company Profiles

The report delves into recent significant developments in the Bioresorbable Polymers Market, highlighting leading vendors and their innovative profiles. These include Goodfellow Cambridge Ltd., Aduro Biopolymers LP, Merck KGaA, PBI Performance Products, Inc., Nomisma Healthcare Pvt. Ltd., MAST Biosurgery, UBQ Materials Ltd., SpecialChem S.A., ChitoLytic, Poly-Med Incorporated, Nanosoft Polymers, Huizhou Foryou Medical Devices Co., Ltd., Zeus Industrial Products, Inc., Otto Chemie Pvt. Ltd., Univar Solutions Inc., BMG Incorporated, Putnam Plastics, Advanced Polymer Materials Inc., Torise Biomaterials Co.,Ltd., QINGDAO SOCO NEW MATERIAL CO., LTD., Solanyl Biopolymers Inc., Vibha Ecopac Pvt Ltd., Stepan Company, Gebrüder Martin GmbH & Co. KG, REVA Medical, LLC, Anhui Jumei Biological Technology Co., Ltd., MCG BioComposites, LLC, Nanjing Jiayi Sunway Chemical Co., Ltd., Avantium N.V., CD Bioparticles, Celares GmbH, NatureWorks LLC, 3D Biotek LLC, Stahl Holdings B.V., SEQENS SAS, Acuro Organics Limited, Futerro Group, Galatea Surgical, Inc., Musashino Chemical Laboratory, Ltd., Rivika Bio Industries Pvt. Ltd., Ashland Inc., PolyNovo Limited, Evonik Industries AG, Foster Corporation, Mitsui & Co., Ltd., Corbion NV, Polysciences, Inc., PolyClean Technologies, Inc., Plastics New Zealand, and Koninklijke DSM N.V..

Bioresorbable Polymers Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Bioresorbable Polymers Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product Type
    • Polycaprolactone
    • Polyglycolic Acid
    • Polylactic Acid
    • Polysaccharides
    • Proteins
  • Application
    • Drug Delivery
      • Oral
      • Parenteral
    • Orthopedics
      • Hip
      • Knee
      • Spine
      • Trauma

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

As a globally leading healthcare company, Merck KGaA faced significant challenges in navigating the evolving landscape of orthopedic implants and surgical devices due to rapid technological advancements. The Bioresorbable Polymers Market Research Report by 360iResearch provided us with invaluable insights and actionable strategies, particularly in understanding market trends and innovations. This report highlighted key areas for investment and technological adoption that have directly contributed to enhancing our product portfolio and operational efficiency. Overall, the thorough analysis and forward-looking perspectives offered by the report have had a substantial positive impact on our strategic planning and market positioning.
Merck KGaA
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This research report offers invaluable insights into various crucial aspects of the Bioresorbable Polymers Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Bioresorbable Polymers Market, by Product Type
  7. Bioresorbable Polymers Market, by Application
  8. Americas Bioresorbable Polymers Market
  9. Asia-Pacific Bioresorbable Polymers Market
  10. Europe, Middle East & Africa Bioresorbable Polymers Market
  11. Competitive Landscape
  12. Competitive Portfolio
  13. List of Figures [Total: 20]
  14. List of Tables [Total: 378]
  15. List of Companies Mentioned [Total: 50]
Exploring the Advancements in Bioresorbable Polymers
June 27, 2023
BLOG
Exploring the Advancements in Bioresorbable Polymers
In recent years, advancements in bio-based materials have revolutionized various industries, including medical and healthcare. One of the game-changing discoveries in this domain is bioresorbable polymers, which are gaining increasing attention as a sustainable and eco-friendly option to traditional polymers. With the support of several government initiatives around the world, research and development in bioresorbable polymers are accelerating at a rapid pace. This blog delves deeper into the concept of bioresorbable polymers, their properties, and applications, and explores how supportive government initiatives are driving their growth.

Bioresorbable polymers, also known as biodegradable polymers, are synthesized from natural and renewable resources as compared to synthetic polymers derived from petroleum-based sources. The unique characteristic of these polymers is the ability to degrade completely into natural products such as water, carbon dioxide, and/or biomolecules, which makes them ideal for biomedical applications such as sutures, drug delivery systems, and tissue engineering.

One of the significant benefits of bioresorbable polymers is that they minimize the need for surgical removal, unlike traditional polymers, which may cause complications and require a second procedure for removal. Additionally, the ability of bioresorbable polymers to degrade at a controlled rate also allows for the release of drugs in a controlled manner, which can improve the efficacy and safety of drug delivery.

Bio-based bioresorbable polymers have vast applications in various fields, including packaging, agriculture, and textiles, among others. In the healthcare sector, bioresorbable polymers have found applications in orthopedic devices, wound management, and surgical sutures, among others. There are also ongoing research studies on the development of bioresorbable polymeric stents to treat cardiovascular diseases and tissue engineering applications.

The demand for bioresorbable polymers is increasing due to the growing concerns for sustainable and eco-friendly products. Several governments worldwide have recognized the need for the development of bio-based materials and have taken supportive initiatives to promote research and development in this domain. For instance, the European Union has introduced regulations to encourage the use of sustainable materials in medical devices, including bioresorbable polymers. Likewise, the Indian government has launched the Biodegradable Polymers mission, which aims to develop indigenous bio-based polymers for various applications.

The advancements in bioresorbable polymers are paving the way for sustainable and eco-friendly alternatives to traditional polymers. The supportive government initiatives in research and development of bio-based materials are driving the growth of the bioresorbable polymers market. The future prospects of bioresorbable polymers are bright, with further advancements expected to make them even more versatile and efficient.

Bioresorbable polymers are a promising innovation that is gaining increasing attention in healthcare and other related industries. Unlike traditional polymers, bioresorbable polymers offer several advantages, such as biocompatibility, controlled release, and sustainable production. The supportive government initiatives in research and development of bio-based materials are driving the growth of the bioresorbable polymers market. The future prospects of bioresorbable polymers look bright, with the increasing demand for sustainable and eco-friendly products continuing to increase and further advancements expected to make them even more versatile and efficient. The widespread applications of bioresorbable polymers are expected in the future, which will significantly impact multiple sectors.

Frequently Asked Questions
  1. How big is the Bioresorbable Polymers Market?
    Ans. The Global Bioresorbable Polymers Market size was estimated at USD 905.90 million in 2023 and expected to reach USD 998.48 million in 2024.
  2. What is the Bioresorbable Polymers Market growth?
    Ans. The Global Bioresorbable Polymers Market to grow USD 1,819.30 million by 2030, at a CAGR of 10.47%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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