Polyglycolic acid is a thermoplastic polymer, widely used to produce absorbable sutures owing to superior characteristics such as high tensile strength, tissue reactivity, and hydrolytic stability. Two manufacturing processes namely polycondensation and ring-opening polymerization of glycolide are used for producing low and high weight molecular products respectively.

Global Key Players and Competition Analysis
Some of the key players in the global polyglycolic acid market are Toray Industries, Inc (Japan), BASF SE (Germany), SK Chemicals (South Korea), Shenzhen Polymtek Biomaterial Co., Ltd (China), Teleflex Incorporated (U.S.), Huizhou Foryou Medical Devices Co., Ltd (China), DemeTech Sutures (U.S.); DowDuPont (U.S.), Corbion (Netherlands), Kureha Corporation (U.S.), Focus Technology Co., Ltd (China), and Foosin Medical Supplies Inc Ltd (China).

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Segmentation Analysis
The Global Polyglycolic Acid Market is segmented based on application and region. By the application, this market is segmented into bio-medical, packaging, and shale gas extraction. Geographically, the market is divided into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

Regional Analysis
Asia Pacific is expected to drive the demand for polyglycolic acid owing to its usage in biomedical application and packaging industry in developing economies such as India, China, Thailand, Taiwan, and Indonesia among others. The Indian healthcare industry is growing at a considerable rate due to excellent services and increasing disposable income of the consumers. For instance, according to India Brand Equity Foundation, India’s healthcare industry is expected to reach USD 275 billion over the forecast period.

Market Scope
Polyglycolic acid is preferred in biomedical applications due to biodegradability and biocompatibility, specifically in controlled drug delivery and tissue engineering. It improves efficiency of drug formulations and treatments. Furthermore, the global polyglycolic acid market is driven by its use in the manufacturing of implantable medical devices. These implants are used in various applications such as orthopedics, pacemakers, cardiovascular stents, defibrillators, and others.

Browse the market data and information spread across 140 pages with 24 data tables and 09 figures of the report “Polyglycolic Acid Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/polyglycolic-acid-market-5749
Industry News:

March 22, 2018 Market Research Future Published a Half-Cooked Research Report on Global Polyglycolic Acid Research Report.

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