Bioresorbable Polymers Market

In terms of value, the bioresorbable polymers market is estimated to grow from USD 500.0 million in 2024 to USD 867.2 million by 2029, at a CAGR of 11.6%. Growth in the orthopedic devices has hugely impacted the bioresorbable polymers market as the bioresorbable polymers are ideal in manufacturing of orthopedic devices due to their biocompatibility, gradual degradation and strength to support healing process.

The key players profiled in the report include Corbion (Netherlands), Evonik Industries AG (Germany), Foster Corporation (US), KLS Martin Group (Germany), DSM Biomedical (US), Ashland Global Holdings Inc. (US), Zeus Company LLC (US), Seqens (France), Reva Medical, LLC (US), and Poly-Med Incorporated (US). These players have adopted various growth strategies to strengthen their position in the market. These include introducing new technologies, expansions, acquisitions, and product launches to acquire larger market shares.

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Corbion is a global leader in sustainable food ingredients, biochemicals and bio-based solutions focused on lactic acid and its derivatives. Their areas of expertise lie in bioresorbable polymers, which are added extensively in medical products like drug delivery systems, sutures and tissue engineering. This helps optimize patient outcomes, as Corbion's bioresorbable polymers provide safe and reliable biodegradability in a range of medical and pharmaceutical applications. Corbion creates leading health, wellness, and eco-friendly solutions for various industries through a focus on innovation and sustainability.

Evonik is one of the global leaders in specialty chemicals that strives to provide sustainable, tailored solutions for its customers across sectors. Evonik is a leader in bioresorbable polymers for medical applications like implantable devices, drug delivery systems and tissue engineering. The bioresorbable polymers by them have designed degradation rates, and biocompatibility that translate to better patient care and less environmental impact. Evonik never stops innovating, providing new methods and approaches that will drive innovation in high-performance medical technologies for better safety and efficacy.

Related Reports:

Bioresorbable Polymers Market by Type (Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polylactic-co-glycolic acid (PLGA), Polycaprolactone) PCL), Application (Orthopedic Devices, Drug Delivery), and Region - Global Forecast to 2029

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