Medical Equipment

Global Polymer Biomaterial Market Size, Forecasts, And Opportunities

November 24, 2021 by The Business Research Company

Learn about the global polymer biomaterial market through The Business Research Company, which provides information on polymer biomaterial market size, polymer biomaterial market drivers and restraints, polymer biomaterial market players, the COVID-19 impact on the polymer biomaterial market, and more.

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The global polymer biomaterial market is expected to grow from $47.05 billion in 2020 to $53.87 billion in 2021 at a compound annual growth rate (CAGR) of 14.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The polymer biomaterial market is expected to reach $93.98 billion in 2025 at a CAGR of 15%.

Increasing applications of polymeric biomaterials in tissue engineering are expected to drive innovation in polymer biomaterial manufacturing, thus driving the market during the forecast period.

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The polymer biomaterial market consists of sales of polymer biomaterial and related services by entities (organizations, sole traders and partnerships) that produce polymer biomaterial used for enhancing the functionality of tissues and organs that are damaged in various disease therapies. Polymer biomaterials are inert pharmacological substances made up of natural and synthetic origin.

Global polymer biomaterial market segments include:

By Type: Nylon, Silicone Rubber, Polyester, Polymethyl Methacrylate (PMMA), Polyethylene (PE), Polyvinyl Chloride, Others

By Application: Cardiovascular, Ophthalmology, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Orthopaedics, Neurological Disorders / Central Nervous System, Others

By Nature: Natural, Synthetic

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in the polymer biomaterial market are increasingly investing in bioresorbable copolymers for medical devices for better performance and long-term stability. Companies such as Evonik have invested in bioresorbable polymers for use in implantable medical devices. The company’s copolymer possesses hydrophobic properties of polylactide and hydrophilic properties of polyethylene glycol enabling the degradation rates up to six times faster with added mechanical strength. This innovation enhances biocompatibility, safety and performance of implantable products, and is applied in the areas of paediatrics and wound closure to accelerate and ease the healing process and provides long term stability.

TBRC’s polymer biomaterial market report covers:

Major Market Players: BASF, Corbion, Zimmer Biomet, Royal DSM, Koninklijke DSM, Covestro, Evonik Industries, Starch Medical, Victrex, W. L. Gore and Associate.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Polymer Biomaterial Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides polymer biomaterial market overviews, analyzes and forecasts market size, share, polymer biomaterial market players, polymer biomaterial market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s polymer biomaterial market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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