Global Polymer Biomaterial Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

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The polymer biomaterial market consists of sales of polymer biomaterial and related services by entities (organizations, sole traders and partnerships) that produce polymer biomaterial used for enhancing the functionality of tissues and organs that are damaged in various disease therapies. Polymer biomaterials are inert pharmacological substances made up of natural and synthetic origin.

Global Polymer Biomaterial Market Size And Drivers:

The global polymer biomaterial market is expected to grow from $47.05 billion in 2020 to $53.87 billion in 2021 at a compound annual growth rate (CAGR) of 14.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The polymer biomaterial market is expected to reach $93.98 billion in 2025 at a CAGR of 15%. Increasing applications of polymeric biomaterials in tissue engineering are driving the global polymer biomaterials market.

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Trends In The Global Polymer Biomaterial Market

Companies in the polymer biomaterial market are increasingly investing in bioresorbable copolymers for medical devices for better performance and long-term stability. Companies such as Evonik have invested in bioresorbable polymers for use in implantable medical devices. The company's copolymer possesses hydrophobic properties of polylactide and hydrophilic properties of polyethylene glycol enabling the degradation rates up to six times faster with added mechanical strength. This innovation enhances biocompatibility, safety and performance of implantable products, and is applied in the areas of pediatrics and wound closure to accelerate and ease the healing process and provides long term stability.

Global Polymer Biomaterial Market Segments:
The global polymer biomaterial market is further segmented –
By Type: Nylon, Silicone Rubber, Polyester, Polymethyl Methacrylate (PMMA), Polyethylene (PE), Polyvinyl Chloride, Others
By Application: Cardiovascular, Ophthalmology, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Orthopedics, Neurological Disorders / Central Nervous System, Others
By Nature: Natural, Synthetic
By Geography: The global polymer biomaterial market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Polymer Biomaterial Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides polymer biomaterial market overviews, analyzes and forecasts market size and growth for the global polymer biomaterial market, polymer biomaterial market share, polymer biomaterial market players, polymer biomaterial market segments and geographies, polymer biomaterial market’s leading competitors’ revenues, profiles and market shares. The polymer biomaterial market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.