Bioresorbable (Resorbable) Polymers Market by Type (Agro-Polymers - Proteins and Polysaccharides, Biopolyesters – Polyglycolic Acid, Polylactic Acid, and Polycaprolactone), Application (Orthopedics, Drug Delivery), and Region

Bioresorbable (Resorbable) Polymers Market size was USD 661.9 Million in 2015 and is projected to reach USD 1,407.5 Million by 2021, at a CAGR of 13.42% between 2016 and 2021. In this report, 2015 is considered as the base year and the forecast period is between 2016 and 2021. The objectives of this study are:

• To analyze and forecast the market size of bioresorbable polymers, in terms of value and volume
• To define, describe, and segment the global bioresorbable polymers market by type and application
• To forecast the sizes of the market segments based on regions such as Asia-Pacific, Western Europe, Central Europe, North America, the Middle East & Africa, and Latin America
• To provide detailed information regarding the important factors influencing the growth of the market (drivers, restraints, and opportunities)
• To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market

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The value chain of bioresorbable polymers starts with the procurement of raw materials required for its manufacturing. The main raw materials used for the production are proteins, polysaccharides, lactide, glycolide, and caprolactone. These different sources of raw materials are mainly used to obtain a polymer that serves different applications efficiently. These raw materials are supplied to the bioresorbable manufacturers such as Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.). Major value is added to the bioresorbable polymers during the manufacturing process. A great amount of effort and expertise, mainly in terms of balancing the ingredients, is required to manufacture a polymer suitable for different applications. The major applications where these manufacturers supply bioresorbable polymers include orthopedics, drug delivery, and others.

Market Segmentation, by Type:

The bioresorbable polymers market has been segmented based on type:

• Agro-polymers
• Proteins
• Polysaccharides
• Biopolyesters
• Polylactic acid
• Polyglycolic acid
• Polycaprolactone

Market Segmentation, by Application:

The bioresorbable polymers market has been segmented based on application:

• Orthopedics
• Drug delivery
• Others

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North America is the largest bioresorbable polymers market

The bioresorbable polymers market is broadly segmented into six regions, namely, North America, Western Europe, Central Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is the largest bioresorbable polymers market, closely followed by Western Europe, in terms of value. The rising demand from applications such as drug delivery and orthopedics in this region is driving the bioresorbable polymers market.

Currently, various market players such as Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.) dominate the global bioresorbable polymers market.