PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400989
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1400989
Asia Pacific Polyglycerol Sebacate (PGS) Market size was valued at USD 954 Million in 2022, expanding at a CAGR of 5.8% from 2023 to 2030.
Polyglycerol Sebacate (PGS) commonly known to be biodegradable polymer is used in a range of biomedical applications. Glycerol and sebacic acid are polycondensed to create this polyester. Polyglycerol Sebacate (PGS) is made from renewable monomers like glycerol and sebacic acid.
Polyglycerol Sebacate (PGS) Market- Market Dynamics
Increasing demand from tissue regeneration and drugs discovery are expected to propel market demand
PGS's potential applications in tissue engineering, medication delivery, and cardiovascular medicine are expected to boost the PGS market growth. PGS can be utilized as a scaffold material in tissue engineering to promote tissue regeneration and cell development. Because of the mechanical similarities with natural tissues, it can integrate and promote the healing process more effectively. Because PGS may be made into nanoparticles or microparticles to encapsulate and release medications in a regulated way, it has also demonstrated promise in the field of drug delivery. In addition, PGS is expected to benefit greatly from the rising incidence of chronic illnesses and the demand for sophisticated medication delivery methods. We can anticipate novel PGS formulations and uses through continued research and development.
Polyglycerol Sebacate (PGS) Market- Key Insights
As per the analysis shared by our research analyst, the Asia Pacific market is estimated to grow annually at a CAGR of around 5.8% over the forecast period (2023-2030)
Based on Type segmentation, soft gel segment was predicted to show maximum market share in the year 2022, Soft gel is widely used medical industry for healing purpose in disease treatment.
Based on Application segmentation, tissue engineering was the leading market in 2022, due to increasing demand for tissue regeneration.
Based on End-User segmentation, medical was the leading market in 2022, due to increasing demand from biomedical applications.
On the basis of country, Thailand held significant revenue share in 2022 mainly due to the growing demand from medical sector.
The Asia Pacific Polyglycerol Sebacate (PGS) Market is segmented on the basis of Type, Application, End-User, and Region.
The market is divided into three categories based on Type: soft gel, paste, and extruded products. The soft gel dominates the market. The rising demand from biodegradable product manufacturing is driving the market growth.
The market is divided into five categories based on Application: tissue engineering, drug delivery, adhesives, coatings, and others. The hard disc drive dominates the market and is likely to maintain its dominance during the forecast period. Growing demand for improved options for storing and managing their data has a positive impact on the growth of hard disc drives, boosting the segment growth.
The market is divided into five categories based on End-User: medical, pharmaceutical, drug discovery, cosmetics, and others. Medical segment held the largest share in 2022. The increase in the demand for tissue regeneration, growing chronic disorder cases is mainly boosting the market growth.
Polyglycerol Sebacate (PGS) Market- Country Insights
Country wise, this market is widespread into India, China, South Korea, Japan, Australia, Thailand, Indonesia, Philippines, Malaysia, Taiwan, Vietnam, Hong Kong, New Zealand, Singapore, Myanmar, and the rest of the Asia-Pacific (APAC) region.
Polyglycerol Sebacate (PGS) Market is moderately competitive in nature. Rise in the research and development to broaden its applications across a range of sectors, including textile, cosmetics, and healthcare. Several market players engaging in developing new biomedical products. Furthermore, new PGS products and improvements in production techniques are anticipated to drive market expansion in the upcoming years.
In 2021, Secant Group has developed Hydralese (PGSU) polyglycerol sebacate urethane for use in drug-delivery devices.
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC POLYGLYCEROL SEBACATE (PGS) MARKET KEY PLAYERS
Secant Group LLC
Sigma-Aldrich
Evonik Industries
BioMatNet
Tepha, Inc.
Duke University
Poly-Med, Inc.
Taiyo Kagaku Co., Ltd.
Salamoto Yakuhin
Lonza
Oleon NV
Estelle Chemicals Pvt. Ltd.
Others
ASIA PACIFIC POLYGLYCEROL SEBACATE (PGS) MARKET, BY TYPE
Soft gel
Paste
Extruded Products
ASIA PACIFIC POLYGLYCEROL SEBACATE (PGS) MARKET, BY APPLICATION
Tissue engineering
Drug delivery
Adhesives
Coatings
Others
ASIA PACIFIC POLYGLYCEROL SEBACATE (PGS) MARKET, BY END-USER
Medical
Pharmaceutical
Drug discovery
Cosmetics
Others
ASIA PACIFIC POLYGLYCEROL SEBACATE (PGS) MARKET, BY REGION
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Malaysia
Taiwan
Vietnam
Hong Kong
New Zealand
Singapore
Myanmar
Rest of APAC