Canada Bioresorbable Polymers Market to Expand at a CAGR of 11% Over 2022-2027 | IMARC Group
The latest research study “Canada Bioresorbable Polymers Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Canada bioresorbable polymers market is expected to exhibit a CAGR of 11% during 2022-2027.
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Industry Definition and Application:
Bioresorbable polymers refer to a class of materials that can be absorbed by the body and do not need mechanical removal. They can be categorized into various types, such as polyglycolide, polycaprolactone, polylactic acid, polysaccharides, etc. Bioresorbable polymers are usually manufactured from vegetable oils derived from sunflower, corn fiber, rapeseed, food processing waste, potato, paper mill sludge, etc. They offer several benefits, including precise material composition, lesser stiffness, enhanced microstructure control, etc. As a result, bioresorbable polymers find widespread applications in tissue engineering, drug delivery, dental implants, orthopedic fixation, etc., owing to various physical and degradation properties.
Canada Bioresorbable Polymers Market Trends and Drivers:
The escalating product demand for biomedical settings, such as prostheses, sutures, orthopedic surgeries, implants, etc., on account of their enhanced dissolubility and faster healing, is primarily fueling the Canada bioresorbable polymers market. Besides this, the rising geriatric population, which is leading to the increasing incidences of osteoporosis and osteoarthritis, is further augmenting the market growth. Moreover, the growing popularity of bioresorbable polymers in wound management, as they provide an excellent barrier against bacterial penetration and enhance oxygen permeability, is also catalyzing the market across Canada. Apart from this, the elevating requirement for these materials as efficient drug carriers that allow regulated and consistent delivery of several medicinal components, including antibiotics and anti-cancer medications, is acting as another significant growth-inducing factor. Additionally, the inflating product need for dermal filler procedures is also stimulating the market growth. Furthermore, the expanding utilization of these materials in the field of tissue engineering to develop organ-like structures through 3D scaffold printing is anticipated to propel the Canada bioresorbable polymers market over the forecasted period.
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product
• Polylactic Acid
• Polyglycolic Acid
• Polycaprolactone
• Polysaccharides
• Proteins
• Others
Breakup by Application
• Drug Delivery
• Orthopaedic Fixation
• Dental Implants
• Tissue Staples
• Sutures
• Others
Breakup by End Use
• Hospitals
• Ambulatory Surgical Centers
• Others
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List of Major Key Players:
The major players in the market are Bezwada Biomedical LLC, Corbion, Evonik Industries, Foster Corporation, Polysciences, Inc., Putnam Plastics, Ashland, and Zeus Industrial Products, Inc.
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