Bioabsorbable medical materials are widely used in orthopedics, drug delivery, etc. Orthopedic surgery accounts for the largest proportion of bioabsorbable medical materials, and as of 2016, the proportion of orthopedic surgeons was 44%.
The United States is the largest consumer country with a consumption market share of nearly 41% in 2016. Europe is the second largest consumer after the United States with a 32% share of the consumer market.
The market competition is not fierce. Evonik, Corbion, DSM, Mitsui Chemicals, PCAS, Poly-Med, KLS Martin, etc. are industry leaders and have key technologies and patents with high-end customers. Formed in a monopoly position in the industry.
Bioresorbable Medical Material market was 970 million US$ in 2017 and is expected to 1980 million US$ by the end of 2027, growing at a CAGR of 9% between 2021 and 2027.
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A full report of Global Bioresorbable Medical Material Market is available at: https://www.orionmarketreports.com/bioresorbable-medical-material-market/61079/
The key manufacturers in this market include
- Evonik
- Corbion
- DSM
- Mitsui Chemicals
- PCAS
- Poly-Med
- KLS Martin
By the product type, the market is primarily split into
- Polylactic Acid (PLA)
- Polyglycolic Acid (PGA)
- Polysaccharides
- Polycaprolactone (PCL)
- PLGA
By the end users/application, this report covers the following segments
- Drug Delivery
- Orthopedics
- Others
Scope of the Report
The research study analyzes the global Bioresorbable Medical Material industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Bioresorbable Medical Material Market Report
1. What was the Bioresorbable Medical Material Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Bioresorbable Medical Material Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Bioresorbable Medical Material Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Bioresorbable Medical Material market.
- The market share of the global Bioresorbable Medical Material market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Bioresorbable Medical Material market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Bioresorbable Medical Material market.
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