The report "Bioresorbable (Resorbable) Polymers Market by Type (Agro-Polymers - Proteins and Polysaccharides, Biopolyesters – Polyglycolic Acid, Polylactic Acid, and Polycaprolactone), Application (Orthopedics, Drug Delivery), and Region - Global Trends & Forecasts to 2021", The global market size of bioresorbable polymers 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. The cost-effectiveness and patient-friendliness of bioresorbable polymers and rapidly increasing demand from existing applications are expected to drive the market.

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The major opportunity for bioresorbable polymers manufacturers are the upcoming technologies such as electrospinning and 3D printing. Some of the important manufacturers are Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.). Companies in this market compete with each other with respect to prices and product offerings to meet the market requirements.

Browse 89 market data tables with 75 figures spread through 145 pages and in-depth TOC
Market Segmentation, by Application:
Orthopedics
Drug delivery
Others
Biopolyesters captures the largest share of the bioresorbable polymers market

The bioresorbable polymers market is segmented based on types, namely, agro-polymers and biopolyesters. In 2015, biopolyesters captured the maximum share of the overall market and is expected to witness high growth rate during the forecast period. The demand of biopolyesters is increasing because of its enhanced quality and better resistance to weather that make it suitable for use in various applications in the medical sector.

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North America is the largest bioresorbable polymers market

The bioresorbable polymers market is broadly segmented into six regions, namely, North America, Western Europe, Central Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is the largest bioresorbable polymers market, closely followed by Western Europe, in terms of value. The rising demand from applications such as drug delivery and orthopedics in this region is driving the bioresorbable polymers market.