|
Home | Medical-Newswire.Com:
|
(Medical-NewsWire.com, November 27, 2020 ) The report "Polyglycolic Acid Market by Form (Fibers, Films, Others), End-use industry (Medical, Oil & Gas, Packaging) and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America)-Global Forecast to 2024" The polyglycolic acid market size is projected to grow from USD 4.1 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 9.5% during the forecast period. The increasing demand for surgical sutures in the medical industry owing to the rising incidence of diseases including cardiovascular disease, ischemic heart disease, strokes, lung cancer, others are expected to drive the demand for polyglycolic acid during the forecast period. Furthermore, the rapid growth of the packaging industry with a particular preference for biodegradable packaging will escalate the demand for polyglycolic acid, thus driving the market growth.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=235524941
Fiber form is estimated to dominate the overall polyglycolic acid market.
Fibers were the most significant form of the polyglycolic acid market in 2018. The increasing demand for surgical sutures in parts of the world owing to the rising incidence of CVDs and other health-related diseases along with the year on year increase in number cosmetic surgeries being performed globally is expected to boost polyglycolic acid demand. Fiber form of polyglycolic acid is widely used to manufacture surgical sutures owing to high tensile strength, tissue reactivity, hydrolytic stability, and excellent knotting ability.
Medical is projected to be the fastest-growing end-use industry of polyglycolic acid during the forecast period.
Medical is projected to be the fastest-growing end-use industry of polyglycolic acid during the forecast period. Polyglycolic acid obtained through ring-opening polymerization of the cyclic dimers of glycolic acid is considered ideal to be used in the medical industry owing to its excellent degradation behavior along with unmatched compatibility with human tissues. The demand for polyglycolic acid in the pharmaceutical industry is majorly driven by the rising preference for quality healthcare services with specific reference to surgical procedures in major part of the world. Further, the increasing medical tourism in major healthcare markets globally will further boost the polyglycolic acid market growth.
Don't miss out on business opportunities in Polyglycolic Acid Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=235524941
Browse in-depth TOC on "Polyglycolic Acid Market”
118 - Market Data Tables
26 - Figures
117 - Pages
North America is estimated to be the largest polyglycolic acid market during the forecast period.
North America is projected to be the largest polyglycolic acid market during the forecast period. The boosting healthcare industry of the region owing to the rapidly increasing in the old age population along with subsequent surge in cardiac and orthopedic surgeries is expected to boost the demand for relevant healthcare services, thus escalating the polyglycolic acid demand. Further, the presence of a significant shale gas reservoir is another key factor in driving the polyglycolic acid market in the North American region.
Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co, .Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co., Ltd. (China), Teleflex Incorporated (US) are the major players in the polyglycolic acid market.
Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=235524941
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
