Market Forecast by Countries (United States, Canada), By Type (Polylactic acid (PLA), Polyglycolic acid (PGA), Poly(lactic-co-glycolic acid) (PLGA), Polycaprolactone(PCL), Others), By Application (Orthopedic devices, Drug delivery) And Competitive Landscape
Product Code: ETC4622617 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Bioresorbable Polymers Market |
Forecast Period | 2025-2031 |
Market Size | USD 3,040 million by 2031 |
CAGR | 5.3% |
Growing Sector | Medical |
North America Bioresorbable Polymers Market report thoroughly covers the market By Countries, By Type, and By Application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Bioresorbable Polymers Market is expected to reach USD 3,040 million by 2031 at a CAGR of 5.3% during the forecast period. The market growth can be attributed to the increasing demand for bioresorbable polymers in the medical sector and rising investments in R&D activities for developing innovative products.
North America Bioresorbable Polymers Market is witnessing significant growth, driven by increasing demand for medical implants that offer effective temporary support during the healing process. The growth of the market is further fueled by technological advancements, a growing geriatric population susceptible to orthopedic conditions, and rising healthcare investments across the region.
According to 6Wresearch, the North America Bioresorbable Polymers Market size is expected to grow exponentially, reaching a CAGR of 5.3% during the forecast period of 2025-2031. The market is driven by the increasing demand for sustainable and environmentally friendly materials in the medical sector, where bioresorbable polymers are utilized for a variety of applications, including surgical sutures, drug delivery systems, and implantable devices. Additionally, advancements in material science and polymer technology have significantly improved the performance attributes of bioresorbable polymers, making them more appealing to healthcare providers and patients alike. However, the North America Bioresorbable Polymers Market Growth is hampered mainly due to high production costs and stringent regulatory approvals pose considerable restraints. Despite these hurdles, the burgeoning healthcare infrastructure in many North American countries, coupled with rising awareness about the benefits of bioresorbable polymers, presents vast emerging opportunities for market growth in the region.
In recent years, there has been a growing trend towards using bioresorbable polymers for drug delivery systems and implantable devices. This is due to their ability to degrade over time, eliminating the need for surgical removal, and reducing the risk of long-term complications. Additionally, there has been an increased focus on developing bioresorbable materials from sustainable sources such as plant-based polymers. This not only addresses environmental concerns but also provides potential cost savings for manufacturers. Another emerging trend in the North America Bioresorbable Polymers Market is the development of personalized medical solutions using 3D printing technology
The North America Bioresorbable Polymers Market presents lucrative investment opportunities for both established players and new entrants. As the demand for bioresorbable polymers continues to rise in the medical sector, companies can invest in R&D activities to develop innovative products with enhanced properties. Additionally, partnerships or collaborations with hospitals and healthcare facilities can help expand their market reach and increase sales. The growing trend towards personalized medical devices also opens up opportunities for collaboration with 3D printing technology companies. Furthermore, investing in sustainable production techniques and utilizing plant-based materials can give companies a competitive edge in the market.
Some of the key players in the North America Bioresorbable Polymers Market include Evonik Industries AG, Corbion N.V., Foster Corporation, Poly-Med Inc., DSM N.V., and Ashland Global Holdings Inc. These companies are focusing on expanding their product portfolios through mergers and acquisitions, collaborations, and partnerships to gain a competitive advantage in the market. With the increasing demand for bioresorbable polymers in medical applications, it is expected that more companies will enter the market, leading to further growth and competition in the industry.
The North America bioresorbable polymers industry has seen significant growth due to favorable government policies and schemes aimed at encouraging sustainable development and medical advancements. These policies include tax incentives for research and development, grants for startups focusing on green materials, and stricter regulations on non-biodegradable polymers. The government have introduced tax incentives for companies investing in research and development of these materials. This has helped to lower the cost of production, making it more affordable for manufacturers to switch to bioresorbable polymers. In addition to tax incentives, governments have also introduced grants or funding programs specifically aimed at startups in the bioresorbable polymer industry. These grants provide financial support for research and development, infrastructure development, and marketing efforts.
The North America bioresorbable polymers market share is growing enormously, driven by increasing demand for eco-friendly materials in healthcare and a growing awareness of the benefits of sustainable products. Technological advancements and continued government support are expected to further stimulate market expansion, making North America an increasingly important player in the global bioresorbable polymers landscape. Additionally, collaborations between local and international companies, as well as investments in research and development, are likely to generate new innovations and drive market growth.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The US is the largest market for bioresorbable polymers in North America, owing to its well-developed healthcare infrastructure and high demand for sustainable materials.
According to Shubham, Senior Research Analyst, 6Wresearch, the Poly (Lactic-Co-Glycolic Acid) (PLGA) segment is set to grow in the coming years on the back of its versatile applications in the medical field, including drug delivery systems, sutures, and implants.
In terms of application, the drug delivery segment is substantially gaining traction over the years, primarily due to the increasing adoption of targeted drug delivery systems, which offer more efficient and precise treatment options for various diseases.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Bioresorbable Polymers Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Bioresorbable Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 North America Bioresorbable Polymers Market - Industry Life Cycle |
3.4 North America Bioresorbable Polymers Market - Porter's Five Forces |
3.5 North America Bioresorbable Polymers Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Bioresorbable Polymers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 North America Bioresorbable Polymers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 North America Bioresorbable Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Bioresorbable Polymers Market Trends |
6 North America Bioresorbable Polymers Market, 2021 - 2031 |
6.1 North America Bioresorbable Polymers Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 North America Bioresorbable Polymers Market, Revenues & Volume, By Application, 2021 - 2031 |
7 United States Bioresorbable Polymers Market, 2021 - 2031 |
7.1 United States Bioresorbable Polymers Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 United States Bioresorbable Polymers Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Canada Bioresorbable Polymers Market, 2021 - 2031 |
8.1 Canada Bioresorbable Polymers Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 Canada Bioresorbable Polymers Market, Revenues & Volume, By Application, 2021 - 2031 |
9 North America Bioresorbable Polymers Market Key Performance Indicators |
10 North America Bioresorbable Polymers Market - Opportunity Assessment |
10.1 North America Bioresorbable Polymers Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Bioresorbable Polymers Market Opportunity Assessment, By Type, 2021 & 2031F |
10.3 North America Bioresorbable Polymers Market Opportunity Assessment, By Application, 2021 & 2031F |
11 North America Bioresorbable Polymers Market - Competitive Landscape |
11.1 North America Bioresorbable Polymers Market Revenue Share, By Companies, 2024 |
11.2 North America Bioresorbable Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |