Global Bioresorbable Polymers (Medical Industry) Market

Global Bioresorbable Polymers (Medical Industry) Market Analysis and Opportunity Assessment by Product, Application, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 2,032.1 Mn between 2022 and 2032

Category: Chemicals & Materials Published Date : November 2022 ID: CVC-00541 Format: PDF Pages: 290

Bioresorbable Polymers (Medical Industry) Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Bioresorbable Polymers (Medical Industry) Market grew at a CAGR of 10.8% between 2017-2021 and is estimated to be US$ 1,074.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 11.2% and is expected to reach a valuation of US$ 3,106.7 Mn by 2032 end.

Throughout the projected period, In the market, plastics are used to produce a wide range of products that serve as crucial instruments for various purposes. The industry has been growing steadily in recent years, with innovations in plastics and the widened adoption of decontamination devices fuelling its growth.

Market Dynamic


The demand for bioresorbable polymers has increased significantly from hospitals and healthcare facilities to prevent the spread of bacterial and fungal infections, excessive bleeding of patients during injuries and surgeries, and growing concerns about other infectious diseases. The increase in the cost-effectiveness of surgery has led to a rise in the number of surgeries conducted every year globally.


One of the major challenges in developing the Bioresorbable Polymer market over the projected period is the stringent environmental regulations. To expand global production, strict environmental rules must be implemented. Also, The high cost associated with Bioresorbable Polymers, low awareness among consumers in undeveloped countries, and low market penetration play spoilsport in the rapidly growing Bioresorbable Polymer market over the forecast period.


Shortly, one of the major drivers for the growth of the bioresorbable polymer market is expected to be the rising adoption of drug delivery. The increasing demand for bioresorbable polymers for drug delivery will also likely motivate this market growth. Employing bioresorbable polymers as drug delivery materials is advantageous as they are non-toxic, essentially decompose and dissolve in the body over time, and do not cause any infections.

COVID-19 Impact

The recently reported outbreak of COVID-19 has been a major cause of concern among the global Bioresorbable Polymers market participants. With several developing economies failing to prevent COVID-19 from spreading and not having adequate healthcare infrastructure, countries are expected to face revenue losses in 2020-2021. But attempts by governments to spend more money on healthcare will also lead to an increase in revenues for this market.

Bioresorbable Polymers Market

Market Segments Covered in Report

By Product:

  • Polysaccharides Bioresorbable Polymers
  • Proteins Bioresorbable Polymers
  • Polylactic Acid Bioresorbable Polymers
  • Polyglycolic Acid Bioresorbable Polymers
  • Polycaprolactone Bioresorbable Polymers
  • Others

By Application:

  • Drug Delivery
  • Orthopedics
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are Polylactic Acid (PLA)/Polylactide projected to ensure the most revenue during the forecast period?

In 2021, the Polylactic Acid (PLA)/Polylactide category accounted for 38.0% of the revenue market for Bioresorbable Polymers. Polylactic acid (PLA), also known as polylactide and made from a lactide monomer, is the most widely used type of bioresorbable polymer. The bioresorbable polymer market’s primary building block is thought to be PLA.

Why is the Orthopedic Implants segment expected to expand the fastest during the forecast period?

In 2021, The segment will be divided into drug delivery and orthopedics based on Application. Because of the numerous sutures, screws, stents, and pins it produces that are utilized in various medical operations, the Orthopaedics segment emerged as the top applicant category in 2021. They contributed more than 45.0% of the total revenue.

The segment expansion is fueled by the wide range of product applications in biomedical settings, including prostheses and mending broken joints. Resorbable polymer-based implants enhance clinical outcomes and patient care while requiring fewer additional surgeries and procedures overall. The Application for medicine delivery is expected to experience the fastest growth rate during the predicted period.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • 2021, North America commands the bioresorbable polymers industry, with a market share of more than 34.5% 2021. Throughout the prediction, the region is expected to grow at an incredible rate. The rising product usage in the region’s orthopedics and drug delivery applications is blamed for this market expansion.
  • Europe is an important market for resorbable polymers because of the continent’s enormous advancement in the orthopedics industry. In terms of value, the area had a greater than 20.0% share in 2021. Germany, France, the United Kingdom, Italy, and Russia are important nations that have influenced regional market expansion.

Competition Analysis

Major corporations are utilizing organic and inorganic development tactics to strengthen their position in the market by diversifying the products they provide. The huge demand for the product in biomedical settings, where it is used for prostheses and mending broken joints, among other things, and the potential government reimbursement are expected to drive up the market for bioresorbable polymers worldwide.

Some of the key developments that have taken place in the Bioresorbable Polymers (Medical Industry) Market include:

  • In January 2021, Evonik completed the previously disclosed acquisition of DURECT Corporation’s LACTEL® Absorbable Polymers product line. The company’s innovation development area in healthcare solutions and Evonik’s position as a top integrated CDMO for drug delivery solutions were both boosted by the purchase of the LACTEL® business.
  • In May 2022, To develop a lightweight, sustainable material for complex assemblies with metallic functions, Polymertal and the Israeli business UBQ Materials teamed up.

A list of some of the key suppliers present in the market are:

  • Corbion NV
  • Evonik Industries AG
  • Poly-Med Inc.
  • Foster Corp.
  • Abbott
  • KLS Martin Group
  • 3D Biotek LLC.
  • Sunstar Suisse S.A.
  • DSM
  • Futerro

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Product, Application, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request