The Global Resorbable Polymers Market Size is valued at USD 1.5 Billion in 2022 and is anticipated to reach USD 3.3 Billion by 2032 with a CAGR of 8.4% from 2023 to 2032.

Resorbable polymers, also known as biodegradable or bioresorbable polymers, are synthetic materials that can be broken down and absorbed by the human body over time. They have numerous applications in the medical field, including surgical sutures, drug delivery systems, and tissue engineering. Resorbable polymers are preferred over non-resorbable polymers as they eliminate the need for surgical removal and reduce the risk of infection and inflammation.

The global resorbable polymers market is expected to grow at a significant rate in the coming years due to increasing demand from the medical sector, particularly in developing countries. Additionally, the development of advanced resorbable polymers that can be used in a wide range of applications is expected to drive market growth.

Resorbable Polymers Market Trends

·         Growing demand for drug delivery systems: The use of resorbable polymers in drug delivery systems is increasing due to their biocompatibility, controlled release capabilities, and ease of use. This trend is expected to continue in the coming years, particularly in the oncology and cardiovascular segments driving the resorbable polymers market.

·         Increasing adoption of tissue engineering: Resorbable polymers are extensively used in tissue engineering applications, which involve the use of biological scaffolds to regenerate or repair tissues. The demand for resorbable polymers in tissue engineering is expected to increase due to their ability to provide structural support and promote cell growth.

·         Advancements in resorbable polymers technology: Ongoing research and development efforts in the field of resorbable polymers are leading to the development of advanced materials with improved properties such as strength, flexibility, and biodegradability. These advancements are expected to drive resorbable polymers market growth in the coming years.

·         Rising demand for bio-based resorbable polymers: The demand for bio-based resorbable polymers is increasing due to growing environmental concerns and the need to reduce dependence on fossil fuels. This trend is expected to continue in the coming years, particularly in developed countries.

Resorbable Polymers Market Dynamics

·         Increasing adoption in wound healing applications: Resorbable polymers are extensively used in wound healing applications due to their ability to promote tissue regeneration and reduce the risk of infection. The demand for resorbable polymers in wound healing is expected to increase in the coming years due to the rising incidence of chronic wounds.

·         Growing demand from orthopedic applications: Resorbable polymers are extensively used in orthopedic applications such as bone plates and screws, as they reduce the risk of complications associated with non-resorbable materials. The demand for resorbable polymers market in orthopedic applications is expected to increase in the coming years due to the growing incidence of bone-related disorders.

·         Increasing adoption in veterinary applications: The use of resorbable polymers in veterinary applications is increasing due to their biocompatibility and ease of use. Resorbable polymers are extensively used in the treatment of bone fractures, dental disorders, and soft tissue injuries in animals.

Market Challenges

·         Stringent regulations: The resorbable polymers market is highly regulated due to the potential risks associated with medical devices made from these materials. The stringent regulations increase the cost of development and production, which may hinder market growth.

·         High cost of resorbable polymers: The cost of resorbable polymers is higher than non-resorbable materials, which may limit their adoption in some applications. Additionally, the cost of production may increase due to the need for specialized manufacturing processes and raw materials.

·         Limited availability of raw materials: The availability of raw materials required for the production of resorbable polymers may be limited, particularly for bio-based materials. This may lead to supply chain disruptions and increase the cost of production.

·         Intense competition: The resorbable polymers market is highly competitive, with numerous players operating globally. The intense competition may result in price wars, which may negatively impact market growth.

·         Limited adoption in certain applications: Resorbable polymers may not be suitable for certain applications, such as high-stress applications or those requiring long-term durability. This may limit their adoption in these applications, which may negatively impact market growth.

·         Volatility in raw material prices: The prices of raw materials required for the production of resorbable polymers may be volatile, which may increase the cost of production and limit market growth.

·         Risks associated with resorbable polymers: Although resorbable polymers are generally safe, there are potential risks associated with their use, such as foreign body reactions, infection, and inflammation. These risks may limit their adoption in some applications.

Resorbable Polymers Market Segmentation Overview

The market for resorbable polymers can be segmented based on two primary factors: material and application.

Resorbable Polymers Market By Material

·         Polylactic Acid (PLA)

·         Polyglycolic Acid (PGA)

·         Polycaprolactone (PCL)

·         PGA/PLA Copolymers

Resorbable Polymers Market By Application

·         Drug Delivery

·         Orthopedics

Resorbable Polymers Market Regional Overview

North America and Europe are the largest markets for resorbable polymers, owing to the presence of a large number of healthcare facilities and the high adoption of advanced medical technologies. The Asia Pacific region is expected to witness significant growth in the coming years, owing to the increasing demand for medical devices and the growing healthcare infrastructure in the region. The Latin America and Middle East and Africa regions are expected to witness moderate growth due to the increasing adoption of advanced medical technologies and the growing awareness of resorbable polymers in the region.

List of Resorbable Polymers Market Leading Companies

Evonik Industries AG, Corbion NV, DSM N.V., Poly-Med, Inc., KLS Martin Group, Johnson & Johnson, Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings, Mitsui Chemicals, Inc., Foster Corporation, Galatea Surgical, Inc., Tepha, Inc., Atrium Medical Corporation and LACTEL Absorbable Polymers (DURECT Corporation).

Resorbable Polymers Market Regions