South America 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 South America is expected to grow from US$ 111.37 million in 2021 to US$ 150.74 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.
The increasing demand for bioresorbable-based medical implants and wound dressing covers is driving the market growth. Bioresorbable polymers such as polylactic acid, polycaprolactone, and polydioxanone are widely used to manufacture screws, pins, rods, plates scaffolds, sutures, stents, and other medical implant devices. Furthermore, bioresorbable polymers are also used as controlled drug release implants inside the human body. Once the recovery of the patient's organ begins, these implants gradually start dissolving and are entirely absorbed in the body after the accomplishment of its job. As the body itself absorbs these bioresorbable implants, the patient does not require a second surgical intervention to remove them. Hence, the demand for bioresorbable polymer implants and controlled drug release devices is increasing. Their improved clinical outcomes and cost-effectiveness are also supporting the market. Further, bioresorbable polymers are witnessing a surge in their demand due to their increased applications for wound management. Bioresorbable-based synthetic polymer wraps are widely used for wound dressing and covering since they provide a barrier against bacterial penetration as well as oxygen permeability to the wound. The polymer is also used to manufacture bioresorbable wraps and sheets that are extremely thin, and transparent foils that hold tissue masses in place and facilitate post-surgery healing. In addition, bioresorbable polymer powders are used for dermal filler applications. Dermal fillers, also known as soft tissue fillers, are injected into the skin using a minor surgical procedure to plump thin lips, enhance shallow contours, soften facial creases, remove wrinkles, and improve scars’ appearance.
Brazil reported the highest number of COVID-19 cases in South America, followed by Argentina, Peru, Chile, and Ecuador. Governments of South American countries have taken several measures such as lockdowns, trade bans, and travel restrictions to protect their citizens and combat the spread of the disease. This directly influenced the growth of the bioresorbable polymers market due to significant disruptions in supply chains and temporary shutdown of the manufacturing base due to indefinite lockdowns and temporary quarantines. With the gradual relaxation in restrictions, the supply of bioresorbable polymers is expected to stabilize in the coming years, thereby supporting the bioresorbable polymer market in the region.
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 South America bioresorbable polymers market at a good CAGR during the forecast period.
South America Bioresorbable Polymers Market Revenue and Forecast to 2028 (US$ Million)
South America Bioresorbable Polymers Market Segmentation
South America Bioresorbable Polymers Market – by Type
- Polylactic Acid (Pla)
- Polyglycolic Acid (Pga)
- Polydioxanone
- Polycaprolactone(Pcl)
- Others
South America Bioresorbable Polymers Market – by Application
- Orthopedic Devices
- Drug Delivery
- Other Application
South America Bioresorbable Polymers Market – by Country
- Brazil
- Argentina
- Rest of SAM
South America Bioresorbable Polymers Market – Companies Mentioned
- Evonik Industries AG
- Musashino Chemical Laboratory, Ltd.
- Ashland Global Holdings Inc.
- Poly-Med Incorporated
- Polysciences Inc.
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. South America 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. Bioresorbable Polymers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Boosting Demand for Bioresorbable Medical Implants and Wound Dressing Covers
5.1.2 Thriving Demand for Orthopedic Surgery due to Augmenting Cases of Road and On-site Accident
5.2 Market Restraints
5.2.1 Extending Minimally Invasive Surgeries
5.3 Market Opportunities
5.3.1 Fostering Healthcare Infrastructure in Developing Economies
5.4 Future Trends
5.4.1 Surging Trend of 3D Scaffold Printing for Tissue Engineering
5.5 Impact Analysis of Drivers and Restraints
6. South America Bioresorbable Polymers – Market Analysis
6.1 South America Bioresorbable Polymers Market Overview
6.2 South America Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
7. South America Bioresorbable Polymers Market – By Type
7.1 Overview
7.2 South America 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. South America Bioresorbable Polymers Market Analysis – By Application
8.1 Overview
8.2 South America 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. South America Bioresorbable Polymers Market – Country Analysis
9.1 Overview
9.1.1 South America: Bioresorbable Polymers Market, by Key Country
9.1.1.1 Brazil: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Bioresorbable Polymers Market, By Type
9.1.1.1.2 Brazil: Bioresorbable Polymers Market, by Application
9.1.1.2 Argentina: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Bioresorbable Polymers Market, By Type
9.1.1.2.2 Argentina: Bioresorbable Polymers Market, by Application
9.1.1.3 Rest of South America: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South America: Bioresorbable Polymers Market, By Type
9.1.1.3.2 Rest of South America: Bioresorbable Polymers Market, by Application
10. Impact of COVID-19 on South America Bioresorbable Polymers Market
10.1 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Expansion
11.3 Product News
12. Company Profiles
12.1 Evonik Industries AG
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 Ashland Global Holdings Inc.
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 Poly-Med Incorporated
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 Musashino Chemical Laboratory, Ltd.
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 Polysciences Inc.
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Bioresorbable Polymers Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Rest of South America Bioresorbable Polymers Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of South America Bioresorbable Polymers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Bioresorbable Polymers Market Segmentation
Figure 2. South America Bioresorbable Polymers Market Segmentation – By Country
Figure 3. South America Bioresorbable Polymers Market Overview
Figure 4. Orthopedic Devices Segment Held the Largest Share of the South America Bioresorbable Polymers Market
Figure 5. Brazil Held Largest Share of South America Bioresorbable Polymers Market
Figure 6. South America Bioresorbable Polymers Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem Analysis: South America Bioresorbable Polymers Market
Figure 9. Expert Opinions
Figure 10. South America Bioresorbable Polymers Market Impact Analysis of Drivers and Restraints
Figure 11. South America Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America 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. South America 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. Geographic Overview of South America Bioresorbable Polymers Market
Figure 23. South America: Bioresorbable Polymers Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. Brazil: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Argentina: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of South America: Bioresorbable Polymers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic on Bioresorbable Polymer in South America
- Evonik Industries AG
- Musashino Chemical Laboratory, Ltd.
- Ashland Global Holdings Inc.
- Poly-Med Incorporated
- Polysciences Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America 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 South America 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 South America 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