Dublin, Nov. 08, 2023 (GLOBE NEWSWIRE) -- The "Global Bio-Compatible Polymers Market (2023 Edition): Analysis By Product Type (Synthetic, Natural), Polymer (PEEK, PTFE, PHAs, PVC, Others), End-Use, By Region, By Country: Market Insights and Forecast (2019-2029)" report has been added to ResearchAndMarkets.com's offering.
The Global Bio-Compatible Polymers Market is expected to generate USD 28.7 billion by the end of 2029, up from USD 12.76 billion in 2022.During the forecast period, 2024-2029, the Global Bio-Compatible Polymers Market is expected to expand at a CAGR of 13%.
The research report covers a detailed analysis of the regions (Americas, Europe, APAC, Middle East and Africa) and 10 countries (United States, Canada, Brazil, Germany, United Kingdom, France, Australia, Japan, China, South Korea).
The market is expanding as a consequence of rising consumer awareness of and demand for biocompatible materials used in a variety of applications, including medical devices, drug delivery systems, tissue engineering, and biodegradable packaging. Innovations in polymer science and technology, along with an increasing focus on environmentally friendly and sustainable solutions, are encouraging the creation of novel, biocompatible polymers with improved qualities.
The rising demand for bio-compatible polymers in medical and surgical applications, increased public awareness of the advantages of using biocompatible materials over conventional metals and plastics, and technological developments in the field of biomaterials research are all factors contributing to the expansion of this market. The high cost of R&D operations, however, is in some ways limiting this market's expansion.
The increasing demand for blood-compatible polymers for drug delivery applications is a significant driver in the growth of the biocompatible polymers industry. Blood-compatible polymers, also known as hemocompatible polymers, are materials that do not trigger adverse reactions or clotting when they come into contact with blood. These polymers are crucial for developing safe and effective drug delivery systems that can circulate within the bloodstream without causing harm to the patient.
The demand for blood-compatible polymers extends to a wide range of drug delivery applications, including cancer treatment, cardiovascular therapies, and treatment of chronic diseases. This diversity of applications contributes to the growth of the bio-compatible polymers industry.
Additionally, the research report presents data including market size, yearly growth and potential analysis, the competitive study of market players, investment opportunities and demand forecast. The research report also assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 270 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $15.52 Billion |
| Forecasted Market Value (USD) by 2029 | $28.69 Billion |
| Compound Annual Growth Rate | 13.1% |
| Regions Covered | Global |
Global Bio-Compatible Polymers Market Insights
- Impact Analysis of Macro Economic Factors on Bio-Compatible Polymers Market
- Global Bio-Compatible Polymers Market: Global Suppliers of PLAs
- Global Bio-Compatible Polymers Market: Global Suppliers of PHAs
- Global Bio-Compatible Polymers Market: Global Producers of PBS
- Global Bio-Compatible Polymers Market: Patent Applications in Medical Technology
- Global Bio-Compatible Polymers Market: List of Common Medical Devices/ Implants
- Global Bio-Compatible Polymers Market: Plastic Types Commonly found in Healthcare
- Global Bio-Compatible Polymers Market: Dashboard
- Global Bio-Compatible Polymers Market: Market Value Assessment, 2019-2029 (USD Billion)
- Impact of COVID-19 on Bio-Compatible Polymers Market
Global Bio-Compatible Polymers Market: Historic and Forecast (2019-2029)
Global Bio-Compatible Polymers Market Segmentation: By Product Type
- Global Bio-Compatible Polymers Market Size, By Synthetic Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
- Global Bio-Compatible Polymers Market Size, By Natural Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
Global Bio-Compatible Polymers Market Segmentation: By Polymer
- Global Bio-Compatible Polymers Market Size, By Polyetheretherketone (PEEK), By Value, 2019H-2029F (USD Billion & CAGR)
- Global Bio-Compatible Polymers Market Size, By Polytetrafluoroethylene (PTFE), By Value, 2019H-2029F (USD Billion & CAGR)
- Global Bio-Compatible Polymers Market Size, By Polyhydroxyalkanoates (PHAs), By Value, 2019H-2029F (USD Billion & CAGR)
- Global Bio-Compatible Polymers Market Size, By Polyvinylchloride (PVC), By Value, 2019H-2029F (USD Billion & CAGR)
- Global Bio-Compatible Polymers Market Size, By Other Polymers, By Value, 2019H-2029F (USD Billion & CAGR)
Global Bio-Compatible Polymers Market Segmentation: By End-use
- Global Bio-Compatible Polymers Market Size, By Surgical & Medical Instruments, By Value, 2019H-2029F (USD Billion & CAGR)
- Global Bio-Compatible Polymers Market Size, By Implants, By Value, 2019H-2029F (USD Billion & CAGR)
- Global Bio-Compatible Polymers Market Size, By Drug Delivery, By Value, 2019H-2029F (USD Billion & CAGR)
- Global Bio-Compatible Polymers Market Size, By Other End-uses, By Value, 2019H-2029F (USD Billion & CAGR)
The companies analysed in the report include
- BASF
- Covestro Group
- Avient
- Celanese Corporation
- DIC Group
- Johnson Matthey
- Evonik
- Mitsubishi Chemical Group
- Victrex
- Sekisui Chemical
For more information about this report visit https://www.researchandmarkets.com/r/1i9sct
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