Bioresorbable Medical Material Market Pegged for Robust Expansion by 2028

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The Bioresorbable Medical Material in healthcare market was valued at US$ 935.99 million in 2019 and it is projected to reach US$ 1,942.13 million by 2027; it is expected to grow at a CAGR of 9.7% from 2020 to 2027.

Bioresorbable polymers are also known as biodegradable polymers. These are frequently used in implant, drug delivery and other applications. These offer various benefits in medical applications and can be adjusted to degrade at a specified rate, useful for temporary support. The growth of the Bioresorbable Medical Material in healthcare market is attributed to the increasing number of orthopedic surgeries, growing geriatric population and rising adoption of bioresorbable polymers for medical use. However, challenges associated with the use of bioresorbable materials for medical use and bassinet on global business due to coronavirus pandemic are expected to restraint the growth of the market during the forecast years.

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Here we have listed the top Bioresorbable Medical Material Market companies

  1. Evonik.
  2. Foster Corporation
  3. Poly-Med Corporation
  4. Zeus Industrial Products, Inc.
  5. Ashland
  6. Durect Corporation
  7. Groupe PCAS
  8. DSM
  9. Corbion
  10. Putnam Plastics

Highlights the following key factors:

1) Business description-A detailed description of the company’s operations and business divisions.

2) Corporate strategy – Analyst’s summarization of the company’s business strategy.

3) SWOT Analysis-A detailed analysis of the company’s strengths, weakness, opportunities, and threats.

4) Company history – Progression of key events associated with the company.

5) Major products and services-A list of major products, services, and brands of the company.

6) Key competitors – A list of key competitors to the company.

7) Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.

8) Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 7 years history.

Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Bioresorbable Medical Material Market which would mention How the Covid-19 is Affecting the Bioresorbable Medical Material Market Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Bioresorbable Medical Material Market Players to fight Covid-19 Impact.

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Segmentation

The bioresorbable medical material market, by product type, is segmented into Polylactide (PLA), Poly-L-lactide (PLLA), Poly-DL-lactide (PDLLA), Polyglycolide (PGA), and Copolymers of PLA and PGA (PGLA). The polylactide(PLA) segment held the largest share of the market in 2019 however the poly-DL-lactide (PDLLA) segment isanticipated to register the highest CAGR of 11.1% in the market during the forecast period.Due to the excellent mechanical properties and biocompatibility, PLA is used in various medical fields such as drug delivery systems and medical implants. PLAis also widely used in tissue engineering, and it finds a wide spectrum of applications in the medical field.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Bioresorbable Medical Material Market based on product and application. It also provides market size and forecast till 2027 for overall Bioresorbable Medical Material Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global Bioresorbable Medical Material Market – By Product

1.3.2 Global Bioresorbable Medical Material Market – By Application

1.3.3 Global Bioresorbable Medical Material Market – By Geography

2. Bioresorbable Medical Material Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Bioresorbable Medical Material – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East & Africa

4.2.5 South and Central America

4.3 Expert Opinion

5. Bioresorbable Medical Material – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing number of orthopedic surgeries

5.1.2 Growing geriatric population

5.1.3 Rising adoption of bioresorbable polymers for medical use

5.2 Market Restraints

5.2.1 Challenges associated with the use of bioresorbable materials for medical use

5.2.2 Bassinet on the global business due to Coronavirus pandemic

5.3 Market Opportunities

5.3.1 Development of bioresorbable drug delivery systems during coronavirus outbreak

5.3.2 Diversification in medical applications of bioresorbable materials by start-ups and established players

5.4 Future Trends

5.4.1 Consistent launch of new products

5.5 Impact Analysis

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