Global Polymer Biomaterial Market Size
Medical Equipment

How Will The Polymer Biomaterial Market Size Grow In The Coming Years?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest polymer biomaterial market share.

The global polymer biomaterial market is expected to grow from $55.96 billion in 2022 to $66.45 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The polymer biomaterial market is expected to grow from $126.74 billion in 2027 at a CAGR of 17.5%.

Major Driver In The Polymer Biomaterial Market ­– Increase In Applications Of Polymeric Biomaterials In Tissue Engineering
Polymers are widely used in regenerative medicine and tissue engineering due to their flexibility and versatile properties, such as tailoring the physical, chemical, and mechanical properties of damaged tissue by modifying functional groups during synthesis, based on the organ’s tissue regeneration capability. They are biodegradable and have varied geometries and topologies, allowing them to satisfy the needs of specific tissue engineering applications. Polymer biomaterial applications in tissue engineering are projected to drive the market over the forecast period.

View More On The Polymer Biomaterial Market Report 2023 – https://www.thebusinessresearchcompany.com/report/polymer-biomaterial-global-market-report

Key Polymer Biomaterial Market Segments
1) By Type: Nylon, Silicone Rubber, Polyester, Polymethyl Methacrylate (PMMA), Polyethylene (PE), Polyvinyl Chloride, Other Types
2) By Application: Cardiovascular, Ophthalmology, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Orthopedics, Neurological Disorders / Central Nervous System, Other Applications
3) By Nature: Natural, Synthetic

Recent Polymer Biomaterial Market Trend – Adopting Bioresorbable Copolymers
Polymer biomaterial companies are increasingly investing in bioresorbable copolymers for medical devices in order to improve performance and long-term durability. Evonik, for example, has invested in bioresorbable polymers for application in implantable medical devices. The company’s copolymer combines the hydrophobic features of polylactide with the hydrophilic properties of polyethylene glycol, allowing for up to six times faster breakdown rates with increased mechanical strength. This breakthrough improves the biocompatibility, safety, and performance of implantable items and is used in paediatrics and wound closure to speed up and ease the healing process while also providing long-term stability.

Polymer Biomaterial Market Prominent Players
Major players in the polymer biomaterial market are BASF, Corbion, Zimmer Biomet, Royal DSM, Koninklijke DSM, Covestro, Evonik Industries, Starch Medical, Victrex, and W. L. Gore and Associate.

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The Polymer Biomaterial Global Market Report 2023  provides a comprehensive overview on the polymer biomaterial market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the polymer biomaterial market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Polymer biomaterials are inert pharmaceutical compounds derived from both natural and synthetic sources. Polymer biomaterials are utilised to improve the functionality of damaged tissues and organs in various disease therapies.

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