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, patient-friendliness, and the growing demand in the drug delivery application are expected to drive the demand of bioresorbable polymers, globally.

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The orthopedics application dominated the bioresorbable polymers market during the forecast period, closely followed by drug delivery in 2015. Drug delivery application is also expected to witness the highest growth rate between 2016 and 2021 due to growing number of implant surgeries in North America, Europe, and Asia-Pacific. The growing healthcare industry in the U.S., the Middle East, and Asia-Pacific countries such as China, Japan, and India is also driving the market.

The bioresorbable polymers market is classified based on type: agro-polymers and biopolyesters. The market is dominated by biopolyesters due to their enhanced quality and high resistance to poor environmental conditions. The biopolyesters segment is also projected to be the fastest-growing type of bioresorbable polymers during the forecast period.

Currently, North America is the largest bioresorbable polymers market, in terms of value, closely followed by Western Europe. Some of the factors driving the growth of the North American market are high growth of end-use industries, amplified local manufacturing, and increased number of domestic players in various vertical market segments.

Asia-Pacific is expected to be the fastest-growing bioresorbable polymers 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.

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