Global Polyglycolic Acid Market 2019 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Polyglycolic Acid market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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The Polyglycolic Acid Market size is estimated to be US$ 4.1 Billion in 2019 and is projected to reach US$ 6.5 Billion by 2024, at a CAGR of 9.5% This report spread across 116 Pages, Profiling 06 Companies and Supported with 118 Tables and 26 figures is now available in this research.
Key Players-Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co,.Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co., Ltd. (China), Teleflex Incorporated (US).
“Fibers is the fastest-growing form of polyglycolic acid.”
Fibers are the fastest-growing form of the polyglycolic acid market globally during the forecast period. The huge preference of fiber form of polyglycolic acid in surgical sutures production used for different medical procedures including ophthalmic, gynecological and obstetric, general, orthopedic, urological, and gastro enterological surgeries are expected to drive the demand for fiber form of polyglycolic acid in future.
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“Medical is the largest end-use industry of polyglycolic acid.”
Medical is the most extensive end-use industry of polyglycolic acid. Polyglycolic acid-based sutures are considered ideal to be used in the medical industry owing to its non-toxicity, easy excretion and metabolism properties with no residues when comes in contact with the body. The exceptional biodegradability property of the polymer is another factor supporting its huge consumption in the medical industry thus driving the market for polyglycolic acid during the forecast period.
“North America is the largest and the fastest-growing market for polyglycolic acid.”
North America is projected to register the highest growth rate during the forecast period owing to the presence of major polyglycolic acid markets such as the US, Canada, and Mexico in the region. The increased risk of non-communicable diseases along with other lifestyle diseases to boost the need for different surgical procedures thus escalating the demand for polyglycolic acid in the region.
Extensive primary interviews were conducted in the process of determining and verifying sizes of different types, end-user of the polyglycolic acid market gathered through secondary research.
Breakdown of primary participants’ profile::
- By Company Type: Tier 1 –20%, Tier 2 –70%,and Tier 3 –10%
- By Designation: C-Level Executives–10%, Director-Level –20%, and Others –70%
- By Region: North America –10%, Europe –20%, APAC–40%, South America – 20%, and MEA – 10%
Competitive Landscape of Polyglycolic Acid Market:
2 Market Ranking of PGA Manufacturers
3 Competitive Situation and Trends
3.2 Joint Venture