Asia Pacific Bioresorbable Polymers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polydioxanone, Polycaprolactone (PCL), and Others] and Application (Orthopedic Devices, Drug Delivery, and Others)
The bioresorbable polymers market in Asia Pacific is expected to grow from US$ 782.77 million in 2021 to US$ 1,697.06 million by 2028; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028.
The growing number of road and work-related accidents is one of the key factors contributing to the increased demand for orthopedic surgeries in this region. Road and work-related accidents may cause multiple fractures, joint dislocation, ligament damage, and broken bones at several body parts, requiring orthopedic implants to heal and cure the injuries. Bioresorbable polymer-based implants are being widely used for fracture fixation in orthopedic surgeries. Orthopedic implants such as interference screws, plates, pins, suture anchors, and meniscal repair implants as well as simple fracture fixation implants are the most commonly used resorbable implants for anterior cruciate ligament reconstruction, shoulder surgery, meniscal repair, and fracture care. Once the desired function is served, these implants dissolve in the body by themselves during the healing and nurturing process.
The ongoing COVID-19 pandemic is anticipated to cause considerable disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding future outbreaks, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific countries have taken possible steps to restrict the spread of SARS-CoV-2. The country-wide lockdown enacted by them directly impacted the growth of various industries due to the subsequent shutdown of manufacturing units and disruptions in the supply chains. In India, there has been a reduction in road accidents during the COVID pandemic. According to the Minister for Road Transport and Highways, there was a 26.48% decrease in road accidents. As a result, there was a low need for tissue engineering operations, which hampered the demand for medical implants, thus hindering the bioresorbable polymer market growth in the country.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific bioresorbable polymers market at a good CAGR during the forecast period.
Asia Pacific Bioresorbable Polymers Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Bioresorbable Polymers Market Segmentation
Asia Pacific Bioresorbable Polymers Market – by Type
- Polylactic Acid (Pla)
- Polyglycolic Acid (Pga)
- Polydioxanone
- Polycaprolactone(Pcl)
- Others
Asia Pacific Bioresorbable Polymers Market – by Application
- Orthopedic Devices
- Drug Delivery
- Other Application
Asia Pacific Bioresorbable Polymers Market – by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia Pacific Bioresorbable Polymers Market – Companies Mentioned
- Evonik Industries AG
- Musashino Chemical Laboratory, Ltd.
- Ashland Global Holdings Inc.
- Poly-Med Incorporated
- Foster Corporation
- BMG Incorporated
- Huizhou Foryou Medical Devices Co., Ltd.
- Polysciences Inc.
- Bezwada Biomedical LLC
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Asia Pacific Bioresorbable Polymers Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers:
4.2.2 Bargaining Power of Buyers:
4.2.3 Threat of New Entrants:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Bioresorbable Polymers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Heighten Demand for Bioresorbable Medical Implants and Wound Dressing Covers
5.1.2 Fostering Demand for Orthopedic Surgery due to Augmenting Cases of Road and On-site Accident
5.2 Market Restraints
5.2.1 Raising Minimally Invasive Surgeries
5.3 Market Opportunities
5.3.1 Burgeoning Healthcare Infrastructure in Developing Economies
5.4 Future Trends
5.4.1 Thriving Trend of 3D Scaffold Printing for Tissue Engineering
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Bioresorbable Polymers – Market Analysis
6.1 Bioresorbable Polymers Market Overview
6.2 Asia Pacific Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Bioresorbable Polymers Market – By Type
7.1 Overview
7.2 Asia Pacific Bioresorbable Polymers Market, By Type (2020 and 2028)
7.3 Polylactic Acid (PLA)
7.3.1 Overview
7.3.2 Polylactic Acid (PLA): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Polyglycolic Acid (PGA)
7.4.1 Overview
7.4.2 Polyglycolic Acid (PGA): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Polydioxanone
7.5.1 Overview
7.5.2 Polydioxanone: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Polycaprolactone (PCL)
7.6.1 Overview
7.6.2 Polycaprolactone (PCL): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Bioresorbable Polymers Market Analysis – By Application
8.1 Overview
8.2 Asia Pacific Bioresorbable Polymers Market, By Application (2020 and 2028)
8.3 Orthopedic Devices
8.3.1 Overview
8.3.2 Orthopedic Devices: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Drug Delivery
8.4.1 Overview
8.4.2 Drug Delivery: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Bioresorbable Polymers Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Bioresorbable Polymers Market, by Key Country
9.1.1.1 Australia: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Bioresorbable Polymers Market, By Type
9.1.1.1.2 Australia: Bioresorbable Polymers Market, by Application
9.1.1.2 China: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Bioresorbable Polymers Market, By Type
9.1.1.2.2 China: Bioresorbable Polymers Market, by Application
9.1.1.3 India: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Bioresorbable Polymers Market, By Type
9.1.1.3.2 India: Bioresorbable Polymers Market, by Application
9.1.1.4 Japan: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Bioresorbable Polymers Market, By Type
9.1.1.4.2 Japan: Bioresorbable Polymers Market, by Application
9.1.1.5 South Korea: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Bioresorbable Polymers Market, By Type
9.1.1.5.2 South Korea: Bioresorbable Polymers Market, by Application
9.1.1.6 Rest of APAC: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Bioresorbable Polymers Market, By Type
9.1.1.6.2 Rest of APAC: Bioresorbable Polymers Market, by Application
10. Impact of COVID-19 on Asia Pacific Bioresorbable Polymers Market
10.1 Overview – Impact of COVID-19 on Asia Pacific
11. Industry Landscape
11.1 Overview
11.2 Expansion
11.3 Product News
12. Company Profiles
12.1 BMG Incorporated
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Evonik Industries AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Foster Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Ashland Global Holdings Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Poly-Med Incorporated
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Musashino Chemical Laboratory, Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Huizhou Foryou Medical Devices Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Polysciences Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Bezwada Biomedical LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Bioresorbable Polymers Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. India Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Bioresorbable Polymers Market Segmentation
Figure 2. Asia Pacific Bioresorbable Polymers Market Segmentation – By Country
Figure 3. Asia Pacific Bioresorbable Polymers Market Overview
Figure 4. Orthopedic Devices Segment Held the Largest Share of the Asia Pacific Bioresorbable Polymers Market
Figure 5. China Held Largest Share of Asia Pacific Bioresorbable Polymers Market
Figure 6. Asia Pacific Bioresorbable Polymers Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem Analysis: Asia Pacific Bioresorbable Polymers Market
Figure 9. Expert Opinions
Figure 10. Asia Pacific Bioresorbable Polymers Market Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific Bioresorbable Polymers Market Revenue Share, By Type (2020 and 2028)
Figure 13. Polylactic Acid (PLA): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Polyglycolic Acid (PGA): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Polydioxanone: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Polycaprolactone (PCL): Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Asia Pacific Bioresorbable Polymers Market Revenue Share, By Application (2020 and 2028)
Figure 19. Orthopedic Devices: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Drug Delivery: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Asia Pacific: Bioresorbable Polymers Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Australia: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. China: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. India: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Japan: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. South Korea: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of APAC: Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Bioresorbable Polymer Market in Asia Pacific
- Evonik Industries AG
- Musashino Chemical Laboratory, Ltd.
- Ashland Global Holdings Inc.
- Poly-Med Incorporated
- Foster Corporation
- BMG Incorporated
- Huizhou Foryou Medical Devices Co., Ltd.
- Polysciences Inc.
- Bezwada Biomedical LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific bioresorbable polymers market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific bioresorbable polymers market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the bioresorbable polymers market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution