PUBLISHER: TechNavio | PRODUCT CODE: 1719467
PUBLISHER: TechNavio | PRODUCT CODE: 1719467
The biodegradable medical plastics market is forecasted to grow by USD 712.4 mn during 2024-2029, accelerating at a CAGR of 5.9% during the forecast period. The report on the biodegradable medical plastics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing geriatric population, global rise in orthopedic disorders, and increasing preference for sustainable products.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 5.7% |
CAGR | 5.9% |
Incremental Value | $712.4 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's biodegradable medical plastics market is segmented as below:
By Application
By Type
By Material
By Geographical Landscape
This study identifies the adoption of innovative raw materials as one of the prime reasons driving the biodegradable medical plastics market growth during the next few years. Also, emerging applications of biodegradable medical plastics and rising use of biodegradable composite materials for implants will lead to sizable demand in the market.
The report on the biodegradable medical plastics market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading biodegradable medical plastics market vendors that include Arkema, Arthrex Inc., Ashland Inc., BASF SE, Bio on SpA, Celanese Corp., Corbion nv, Eastman Chemical Co., Evonik Industries AG, Kaneka Corp., DSM-Firmenich AG, Medtronic Plc, Mitsubishi Chemical Corp., Natupharma AS, NatureWorks LLC, Surmodics Inc., and TEYSHA TECHNOLOGIES LTD. Also, the biodegradable medical plastics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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