Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,382.4 million | USD 2,939.7 million | 13.4% | 2021 |
FrequentlyAsked Questions
The improvement in patient comfort provided by bioresorbable polymers is the main factor driving the global market for bioresorbable polymers. Another important factor influencing the global bioresorbable polymers market is the rising demand for bioresorbable polymers for medication administration.
According to the report, the global bioresorbable (resorbable) polymers market size was worth USD 1,382.4 million in 2021 and is estimated to grow to USD 2,939.7 million by 2028 with a compound annual growth rate (CAGR) of approximately 13.4 percent over the forecast period.
With the rising demand for these polymers in the biomedical industries, which has been driving the regional market in recent years, North America holds the biggest market share. With significant industrial players, the US and Canada are the two primary North American areas responsible for the market's expansion.
Some of the main competitors dominating the global bioresorbable (resorbable) polymers market include- Corbion N.V., Evonik Industries AG, Foster Corporation, KLS Martin Group, DSM Biomedical, Inc, Ashland Global Holdings Inc., Zeus Industrial Products, Inc, Seqens Group, REVA Medical, LLC, Poly-Med Incorporated, Bezwada Biomedical, LLC, Nomisma Healthcare Pvt. Ltd., Polysciences, Inc., Musashino Chemical Laboratory, Ltd., Henan Xinghan Biotechnology Co. Ltd., BMG Incorporated, and Huizhou Foryou Medical Devices Co., Ltd.
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