Bioresorbable (Resorbable) Polymers Market size was USD 661.9 Million in 2015 and is projected to reach USD 1,407.5 Million by 2021, at a CAGR of 13.42% between 2016 and 2021. In this report, 2015 is considered as the base year and the forecast period is between 2016 and 2021.

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Target Audience:

Resorbable polymers manufacturers
Resorbable polymers dealers
Resorbable polymers suppliers
End users
Raw material suppliers and others.
The value chain of bioresorbable polymers starts with the procurement of raw materials required for its manufacturing. The main raw materials used for the production are proteins, polysaccharides, lactide, glycolide, and caprolactone. These different sources of raw materials are mainly used to obtain a polymer that serves different applications efficiently. These raw materials are supplied to the bioresorbable manufacturers such as Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.). Major value is added to the bioresorbable polymers during the manufacturing process. A great amount of effort and expertise, mainly in terms of balancing the ingredients, is required to manufacture a polymer suitable for different applications. The major applications where these manufacturers supply bioresorbable polymers include orthopedics, drug delivery, and others.

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Asia-Pacific is expected to be the fastest-growing market due to high demand from orthopedics and drug delivery applications. The presence of major developing nations such as China, India, and South Korea is also a major driver of the bioresorbable polymers market in the region.