Global Polyglycolic Acid Market
The GMI Research expects that the Polyglycolic Acid Market will notice an augmentation in demand over the forecast period. This is primarily because of the increasing number of surgeries, assistance to offer resilience against saline seat water, enlargement in oil and gas drilling functions, and accelerating geriatric population.
Introduction of the Polyglycolic Acid Market
Polyglycolic acid, a multifilament suture material acquired from a homopolymer of glycolic acid, is a type of biodegradable polymer. The acid is accessible in uncoated or coated integrated by hydrolysis with fewer associated tissue inflammation than plain or silk. It is mainly acquired by ring-opening polymerization of glycolide and polycondensation of glycolic acid processes.
Key Players of Market:
- Shenzhen Polymtek Biomaterial Co., Ltd.
- El Du Pont De Nemours Co.
- Kureha Corporation
- Teleflex Incorporated
- BMG Incorporated
- Huizhou Foryou Medical Devices Co. Ltd.
Polyglycolic Acid Market Dynamics
The enlargement of the medical sector as a result of the surging investments in healthcare has accelerated the global polyglycolic acid market size. Also, the accelerating geriatric population and the increasing incidences of hypertension are strengthening the polyglycolic acid market size. Besides this, the aggravating demand for the absorbable suture led by the soaring cases of cardiovascular and ischemic heart diseases are some other factors bolstering the market growth.
Moreover, the extension of the packaging industry primarily because of the rising inclination towards disposable packaging will impel the market growth. On the other hand, the inflated maintenance cost and insufficient consciousness about its uses will hamper the market growth.
The polyglycolic acid market global forecast states that based on the geographical coverage, North America is predicted to witness faster growth owing to the massive investments in healthcare infrastructure and accelerating number of cardiac, orthopaedic surgeries, as well as an increase in the aging population.
Polyglycolic Acid Market Segmentation:
Segmentation by Fiber
Segmentation by Application
- Oil Gas
Segmentation by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
About GMI Research
The consulting and market research company, GMI Research, offers reports of market research ad business insights and market acumen to various small, medium, and large scale enterprises. Our comprehensive reports help clients to formulate prudent business policies and attain long-term growth in the market domain. The large team of analysts and industry experts with expertise from several countries like Europe, Asia-Pacific, North America, among others, provides a stet-to-step solution to client. The report includes clarified predictions, a view of the competitive industry, major factors impacting the market growth, and other market insights to succour companies reaching strategic decisions.