High Demand for Bioresorbable Polymers in Knee Application Driving the Market

By Abhijeet    15 / Mar / 2019    In Category Business

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The global market size of bioresorbable polymers was USD 661.9 million in 2015 and is estimated to reach USD 1,407.5 million by 2021, at a CAGR of 13.42% between 2016 and 2021. The major players to meet the demand of end users adopt key strategies such as expansions and mergers & acquisitions. The major bioresorbable polymers manufacturers are also focusing on mergers & acquisitions to strengthen their market position by increasing their share in the bioresorbable polymers market.

Major players operating in the global bioresorbable polymers market are Corbion N.V. (Netherlands), Evonik Industries AG (Germany), Foster Corporation (U.S.), KLS Martin (Germany), and Poly-Med Inc. (U.S.).

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Corbion N.V. (Netherlands) is one of the leading bioresorbable polymers manufacturers, globally. The company has been focusing on expansion activities to maintain its leading position in the market. For instance, in March 2016, the company announced that it has completed the pre-engineering of its planned PLA polymerization plant in Thailand. This plant will have an annual capacity of 75 kilotons and will produce the complete portfolio of PLA polymers. This helped the company to strengthen its position in the global bioresorbable polymers market.

Evonik Industries AG (Germany) is another major player in the global bioresorbable polymers market. The company has been focusing on expansions and mergers & acquisitions as part of its strategic development activities. In January 2014, the company announced to open a new manufacturing and development facility for RESOMER polymers in Darmstadt. This helped the company to cater to the rising demand of these polymers in the healthcare industry. In November 2011, Evonik completed the acquisition of SurModics Pharmaceuticals Inc. (U.S.). This acquisition included the ownership of SurModics’s bioresorbable and parenteral dosage form services.

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This report provides a detailed analysis of the bioresorbable polymers market and segments the same based on type, application, and region. Based on type, the market has been segmented as agro-polymers and biopolyesters. Based on application, the market has been segmented as orthopedics drug delivery, and others. Based on region, the market has been segmented as North America, Western Europe, Central Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

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