According to a recently published report the Bio-resorbable Polymers Market is forecasted to reach around $1634.01 million at a CAGR of 13.78% during 2016-2022. The segmentation of bio-resorbable polymers market is based on type, application or end-user industry and by geography. The report on bio-resorbable polymers market forecast 2016-2022 (by type, application or end-user industry and geography) provides detailed summary as well as predictive analysis of the market.
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Rising demand for drug delivery application in developing countries is a key driver for the bio-resorbable polymers market. As there has been growing demand for drugs and medicine as well as rising number of surgeries all over the world is also boosting the demand for bio-resorbable polymers. There has been an increasing focus on high investment by various end users industries due to increasing demand in healthcare industry which has been expected to fuel the bio-resorbable polymers market. Other major factors driving the market of bio-resorbable polymer are rising awareness among people regarding health, cost-effectiveness, patient friendliness increasing the application base etc.
Some of the challenges that are being faced by the bio-resorbable polymers market are stringent environmental rules and regulations etc. This immensely affects the bio-resorbable polymers market globally. The major restraints of this market are high cost of bio-resorbable polymers as compared to traditional polymers and shortage of quality control measures in developing countries are directly impacting and hindering the growth rate of bio-resorbable polymers market. Bio-resorbable polymers market is the potential market due to rising healthcare sector as well as increasing demand for 3D printing technologies which act as a major opportunity for the global bio-resorbable polymers market.
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Scope of the report
- Global Bio-Resorbable Polymers Market by Material Type 2012 – 2022 ($ million)
1.2.1. Polylactic Acid
1.2.2. Polyglycolic Acid
- Global Bio-Resorbable Polymers Market By End-User Or Application 2012 – 2022 ($ million)
2.2. Drug Delivery
- Global Bio-Resorbable Polymers Market Regional Outlook 2012-2022 ($ million)
3.1. North America
3.3. Asia Pacific
3.4. Rest Of The World
- Company Profiles
4.1. Bayer AG
4.3. China Petroleum & Chemical Corporation
4.5. DuPont Corporation
4.6. Eastman Chemical Company
4.7. Evonik Industries AG
4.8. ExxonMobil Corporation
4.9. Foster Corporation
4.10. KLS Martin Group
4.12. Mitsubishi Chemical Corporation
4.13. Nature Works LLC
4.14. Nova Chemicals Corporation
4.15. Poly-Med, Inc.
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