Executive Summary
Azoth Analytics has released research named "Global Bio-Compatible Polymers Market (2023 Edition)" which provides a complete analysis of the Global Bio-Compatible Polymers Market industry in terms of market segmentation by Product Type (Synthetic Polymer, Natural Polymer), Polymer (Polyetheretherketone - PEEK), Polytetrafluoroethylene - PTFE, Polyhydroxyalkanoates - PHAs, Polyvinylchloride - PVC, Other Polymers) and End-use (Surgical & Medical Instruments, Implants, Drug Delivery, Other End-uses), for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
The research report covers a detailed analysis of the regions (Americas, Europe, APAC, Middle East and Africa) and 10 countries (United States, Canada, Brazil, Germany, United Kingdom, France, Australia, Japan, China, South Korea). Additionally, the research report presents data including market size, yearly growth and potential analysis, the competitive study of market players, investment opportunities and demand forecast. The research report also assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.
During the forecast period, 2024-2029, the Global Bio-Compatible Polymers Market is expected to expand at a CAGR of 13%. The market is expanding as a consequence of rising consumer awareness of and demand for biocompatible materials used in a variety of applications, including medical devices, drug delivery systems, tissue engineering, and biodegradable packaging. Innovations in polymer science and technology, along with an increasing focus on environmentally friendly and sustainable solutions, are encouraging the creation of novel, biocompatible polymers with improved qualities.
The Global Bio-Compatible Polymers Market is expected to generate USD 28.7 billion by the end of 2029, up from USD 12.76 billion in 2022. The rising demand for bio-compatible polymers in medical and surgical applications, increased public awareness of the advantages of using biocompatible materials over conventional metals and plastics, and technological developments in the field of biomaterials research are all factors contributing to the expansion of this market. The high cost of R&D operations, however, is in some ways limiting this market's expansion.
The increasing demand for blood-compatible polymers for drug delivery applications is a significant driver in the growth of the biocompatible polymers industry. Blood-compatible polymers, also known as hemocompatible polymers, are materials that do not trigger adverse reactions or clotting when they come into contact with blood. These polymers are crucial for developing safe and effective drug delivery systems that can circulate within the bloodstream without causing harm to the patient.
The demand for blood-compatible polymers extends to a wide range of drug delivery applications, including cancer treatment, cardiovascular therapies, and treatment of chronic diseases. This diversity of applications contributes to the growth of the bio-compatible polymers industry.
Scope of the Report:
• The report analyses the Global Bio-Compatible Polymers Market by Value (USD Billion).
• The report presents the analysis of the Global Bio-Compatible Polymers Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
• The report analyses the Global Bio-Compatible Polymers Market by Product Type (Synthetic Polymer, Natural Polymer).
• The report analyses the Bio-Compatible Polymers Market by Polymer (Polyetheretherketone (PEEK), Polytetrafluoroethylene (PTFE), Polyhydroxyalkanoates (PHAs), Polyvinylchloride (PVC), Other Polymers).
• The report analyses the Bio-Compatible Polymers Market by End-use (Surgical & Medical Instruments, Implants, Drug Delivery, Other End-uses).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Product Type, by Polymer and by End-use.
• Also, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include BASF, Covestro Group, Avient, Celanese Corporation, DIC Group, Johnson Matthey, Evonik, Mitsubishi Chemical Group, Victrex, Sekisui Chemical.
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
2.1 Material selection
2.2 Scaling up the Production Capacity for a Successful Commercialisation
3. Global Bio-Compatible Polymers Market: Historic and Forecast (2019-2029)
3.1 Impact Analysis of Macro Economic Factors on Bio-Compatible Polymers Market
3.2 Global Bio-Compatible Polymers Market: Global Suppliers of PLAs
3.3 Global Bio-Compatible Polymers Market: Global Suppliers of PHAs
3.4 Global Bio-Compatible Polymers Market: Global Producers of PBS
3.5 Global Bio-Compatible Polymers Market: Patent Applications in Medical Technology
3.6 Global Bio-Compatible Polymers Market: List of Common Medical Devices/ Implants
3.7 Global Bio-Compatible Polymers Market: Plastic Types Commonly Found in Healthcare
3.8 Global Bio-Compatible Polymers Market: Dashboard
3.9 Global Bio-Compatible Polymers Market: Market Value Assessment, 2019-2029 (USD Billion)
3.10 Impact of COVID-19 on Bio-Compatible Polymers Market
3.11 Global Bio-Compatible Polymers Market Segmentation: By Product Type
3.11.1 Global Bio-Compatible Polymers Market, By Product Type Overview
3.11.2 Global Bio-Compatible Polymers Market Size, By Synthetic Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
3.11.3 Global Bio-Compatible Polymers Market Size, By Natural Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
3.12 Global Bio-Compatible Polymers Market Segmentation: By Polymer
3.12.1 Global Bio-Compatible Polymers Market, By Polymer Overview
3.12.2 Global Bio-Compatible Polymers Market Size, By Polyetheretherketone (PEEK), By Value, 2019H-2029F (USD Billion & CAGR)
3.12.3 Global Bio-Compatible Polymers Market Size, By Polytetrafluoroethylene (PTFE), By Value, 2019H-2029F (USD Billion & CAGR)
3.12.4 Global Bio-Compatible Polymers Market Size, By Polyhydroxyalkanoates (PHAs), By Value, 2019H-2029F (USD Billion & CAGR)
3.12.5 Global Bio-Compatible Polymers Market Size, By Polyvinylchloride (PVC), By Value, 2019H-2029F (USD Billion & CAGR)
3.12.6 Global Bio-Compatible Polymers Market Size, By Other Polymers, By Value, 2019H-2029F (USD Billion & CAGR)
3.13 Global Bio-Compatible Polymers Market Segmentation: By End-use
3.13.1 Global Bio-Compatible Polymers Market, By End-use Overview
3.13.2 Global Bio-Compatible Polymers Market Size, By Surgical & Medical Instruments, By Value, 2019H-2029F (USD Billion & CAGR)
3.13.3 Global Bio-Compatible Polymers Market Size, By Implants, By Value, 2019H-2029F (USD Billion & CAGR)
3.13.4 Global Bio-Compatible Polymers Market Size, By Drug Delivery, By Value, 2019H-2029F (USD Billion & CAGR)
3.13.5 Global Bio-Compatible Polymers Market Size, By Other End-uses, By Value, 2019H-2029F (USD Billion & CAGR)
4. Global Bio-Compatible Polymers Market: Regional Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Bio-Compatible Polymers Market: Historic and Forecast (2019-2029)
5.1 Americas Bio-Compatible Polymers Market: Snapshot
5.2 Americas Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
5.3 Americas Bio-Compatible Polymers Market: Key Factors
5.4 Americas Bio-Compatible Polymers Market Segmentation: By Product Type
5.4.1 Americas Bio-Compatible Polymers Market, By Product Type Overview
5.4.2 Americas Bio-Compatible Polymers Market Size, By Synthetic Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
5.4.3 Americas Bio-Compatible Polymers Market Size, By Natural Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
5.5 Americas Bio-Compatible Polymers Market Segmentation: By Polymer
5.5.1 Americas Bio-Compatible Polymers Market, By Polymer Overview
5.5.2 Americas Bio-Compatible Polymers Market Size, By Polyetheretherketone (PEEK), By Value, 2019H-2029F (USD Billion & CAGR)
5.5.3 Americas Bio-Compatible Polymers Market Size, By Polytetrafluoroethylene (PTFE), By Value, 2019H-2029F (USD Billion & CAGR)
5.5.4 Americas Bio-Compatible Polymers Market Size, By Polyhydroxyalkanoates (PHAs), By Value, 2019H-2029F (USD Billion & CAGR)
5.5.5 Americas Bio-Compatible Polymers Market Size, By Polyvinylchloride (PVC), By Value, 2019H-2029F (USD Billion & CAGR)
5.5.6 Americas Bio-Compatible Polymers Market Size, By Other Polymers, By Value, 2019H-2029F (USD Billion & CAGR)
5.6 Americas Bio-Compatible Polymers Market Segmentation: By End-use
5.6.1 Americas Bio-Compatible Polymers Market, By End-use Overview
5.6.2 Americas Bio-Compatible Polymers Market Size, By Surgical & Medical Instruments, By Value, 2019H-2029F (USD Billion & CAGR)
5.6.3 Americas Bio-Compatible Polymers Market Size, By Implants, By Value, 2019H-2029F (USD Billion & CAGR)
5.6.4 Americas Bio-Compatible Polymers Market Size, By Drug Delivery, By Value, 2019H-2029F (USD Billion & CAGR)
5.6.5 Americas Bio-Compatible Polymers Market Size, By Other End-uses, By Value, 2019H-2029F (USD Billion & CAGR)
5.7 Americas Bio-Compatible Polymers Market Segmentation: By Country
5.7.1 Americas Bio-Compatible Polymers Market, By Country Overview
5.7.2 United States Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
5.7.2.1 United States Bio-Compatible Polymers Market, By Product Type
5.7.2.2 United States Bio-Compatible Polymers Market, By Polymer
5.7.2.3 United States Bio-Compatible Polymers Market, By End-use
5.7.3 Canada Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
5.7.3.1 Canada Bio-Compatible Polymers Market, By Product Type
5.7.3.2 Canada Bio-Compatible Polymers Market, By Polymer
5.7.3.3 Canada Bio-Compatible Polymers Market, By End-use
5.7.4 Brazil Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
5.7.4.1 Brazil Bio-Compatible Polymers Market, By Product Type
5.7.4.2 Brazil Bio-Compatible Polymers Market, By Polymer
5.7.4.3 Brazil Bio-Compatible Polymers Market, By End-use
5.7.5 Rest of Americas Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
5.7.5.1 Rest of Americas Bio-Compatible Polymers Market, By Product Type
5.7.5.2 Rest of Americas Bio-Compatible Polymers Market, By Polymer
5.7.5.3 Rest of Americas Bio-Compatible Polymers Market, By End-use
6. Europe Bio-Compatible Polymers Market: Historic and Forecast (2019-2029)
6.1 Europe Bio-Compatible Polymers Market: Snapshot
6.2 Europe Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.3 Europe Bio-Compatible Polymers Market: Key Factors
6.4 Europe Bio-Compatible Polymers Market: Total healthcare expenditure in Europe, 2021
6.5 Europe Bio-Compatible Polymers Market Segmentation: By Product Type
6.5.1 Europe Bio-Compatible Polymers Market, By Product Type Overview
6.5.2 Europe Bio-Compatible Polymers Market Size, By Synthetic Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
6.5.3 Europe Bio-Compatible Polymers Market Size, By Natural Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
6.6 Europe Bio-Compatible Polymers Market Segmentation: By Polymer
6.6.1 Europe Bio-Compatible Polymers Market, By Polymer Overview
6.6.2 Europe Bio-Compatible Polymers Market Size, By Polyetheretherketone (PEEK), By Value, 2019H-2029F (USD Billion & CAGR)
6.6.3 Europe Bio-Compatible Polymers Market Size, By Polytetrafluoroethylene (PTFE), By Value, 2019H-2029F (USD Billion & CAGR)
6.6.4 Europe Bio-Compatible Polymers Market Size, By Polyhydroxyalkanoates (PHAs), By Value, 2019H-2029F (USD Billion & CAGR)
6.6.5 Europe Bio-Compatible Polymers Market Size, By Polyvinylchloride (PVC), By Value, 2019H-2029F (USD Billion & CAGR)
6.6.6 Europe Bio-Compatible Polymers Market Size, By Other Polymers, By Value, 2019H-2029F (USD Billion & CAGR)
6.7 Europe Bio-Compatible Polymers Market Segmentation: By End-use
6.7.1 Europe Bio-Compatible Polymers Market, By End-use Overview
6.7.2 Europe Bio-Compatible Polymers Market Size, By Surgical & Medical Instruments, By Value, 2019H-2029F (USD Billion & CAGR)
6.7.3 Europe Bio-Compatible Polymers Market Size, By Implants, By Value, 2019H-2029F (USD Billion & CAGR)
6.7.4 Europe Bio-Compatible Polymers Market Size, By Drug Delivery, By Value, 2019H-2029F (USD Billion & CAGR)
6.7.5 Europe Bio-Compatible Polymers Market Size, By Other End-uses, By Value, 2019H-2029F (USD Billion & CAGR)
6.8 Europe Bio-Compatible Polymers Market Segmentation: By Country
6.8.1 Europe Bio-Compatible Polymers Market, By Country Overview
6.8.2 Germany Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.8.2.1 Germany Bio-Compatible Polymers Market, By Product Type
6.8.2.2 Germany Bio-Compatible Polymers Market, By Polymer
6.8.2.3 Germany Bio-Compatible Polymers Market, By End-use
6.8.3 France Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.8.3.1 France Bio-Compatible Polymers Market, By Product Type
6.8.3.2 France Bio-Compatible Polymers Market, By Polymer
6.8.3.3 France Bio-Compatible Polymers Market, By End-use
6.8.4 United Kingdom Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.8.4.1 United Kingdom Bio-Compatible Polymers Market, By Product Type
6.8.4.2 United Kingdom Bio-Compatible Polymers Market, By Polymer
6.8.4.3 United Kingdom Bio-Compatible Polymers Market, By End-use
6.8.5 Rest of Europe Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
6.8.5.1 Rest of Europe Bio-Compatible Polymers Market, By Product Type
6.8.5.2 Rest of Europe Bio-Compatible Polymers Market, By Polymer
6.8.5.3 Rest of Europe Bio-Compatible Polymers Market, By End-use
7. Asia Pacific Bio-Compatible Polymers Market: Historic and Forecast (2019-2029)
7.1 Asia Pacific Bio-Compatible Polymers Market: Snapshot
7.2 Asia Pacific Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.3 Asia Pacific Bio-Compatible Polymers Market: Key Factors
7.4 Asia Pacific Bio-Compatible Polymers Market Segmentation: By Product Type
7.4.1 Asia Pacific Bio-Compatible Polymers Market, By Product Type Overview
7.4.2 Asia Pacific Bio-Compatible Polymers Market Size, By Synthetic Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
7.4.3 Asia Pacific Bio-Compatible Polymers Market Size, By Natural Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
7.5 Asia Pacific Bio-Compatible Polymers Market Segmentation: By Polymer
7.5.1 Asia Pacific Bio-Compatible Polymers Market, By Polymer Overview
7.5.2 Asia Pacific Bio-Compatible Polymers Market Size, By Polyetheretherketone (PEEK), By Value, 2019H-2029F (USD Billion & CAGR)
7.5.3 Asia Pacific Bio-Compatible Polymers Market Size, By Polytetrafluoroethylene (PTFE), By Value, 2019H-2029F (USD Billion & CAGR)
7.5.4 Asia Pacific Bio-Compatible Polymers Market Size, By Polyhydroxyalkanoates (PHAs), By Value, 2019H-2029F (USD Billion & CAGR)
7.5.5 Asia Pacific Bio-Compatible Polymers Market Size, By Polyvinylchloride (PVC), By Value, 2019H-2029F (USD Billion & CAGR)
7.5.6 Asia Pacific Bio-Compatible Polymers Market Size, By Other Polymers, By Value, 2019H-2029F (USD Billion & CAGR)
7.6 Asia Pacific Bio-Compatible Polymers Market Segmentation: By End-use
7.6.1 Asia Pacific Bio-Compatible Polymers Market, By End-use Overview
7.6.2 Asia Pacific Bio-Compatible Polymers Market Size, By Surgical & Medical Instruments, By Value, 2019H-2029F (USD Billion & CAGR)
7.6.3 Asia Pacific Bio-Compatible Polymers Market Size, By Implants, By Value, 2019H-2029F (USD Billion & CAGR)
7.6.4 Asia Pacific Bio-Compatible Polymers Market Size, By Drug Delivery, By Value, 2019H-2029F (USD Billion & CAGR)
7.6.5 Asia Pacific Bio-Compatible Polymers Market Size, By Other End-uses, By Value, 2019H-2029F (USD Billion & CAGR)
7.7 Asia Pacific Bio-Compatible Polymers Market Segmentation: By Country
7.7.1 Asia Pacific Bio-Compatible Polymers Market, By Country Overview
7.7.2 China Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.7.2.1 China Bio-Compatible Polymers Market, By Product Type 7.7.2.2 China Bio-Compatible Polymers Market, By Polymer
7.7.2.3 China Bio-Compatible Polymers Market, By End-use
7.7.3 Japan Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.7.3.1 Japan Bio-Compatible Polymers Market, By Product Type
7.7.3.2 Japan Bio-Compatible Polymers Market, By Polymer
7.7.3.3 Japan Bio-Compatible Polymers Market, By End-use
7.7.4 South Korea Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.7.4.1 South Korea Bio-Compatible Polymers Market, By Product Type
7.7.4.2 South Korea Bio-Compatible Polymers Market, By Polymer
7.7.4.3 South Korea Bio-Compatible Polymers Market, By End-use
7.7.5 Australia Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.7.5.1 Australia Bio-Compatible Polymers Market, By Product Type
7.7.5.2 Australia Bio-Compatible Polymers Market, By Polymer
7.7.5.3 Australia Bio-Compatible Polymers Market, By End-use
7.7.6 Rest of Asia Pacific Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
7.7.6.1 Rest of Asia Pacific Bio-Compatible Polymers Market, By Product Type
7.7.6.2 Rest of Asia Pacific Bio-Compatible Polymers Market, By Polymer
7.7.6.3 Rest of Asia Pacific Bio-Compatible Polymers Market, By End-use
8. Middle East & Africa Bio-Compatible Polymers Market: Historic and Forecast (2019-2029)
8.1 Middle East & Africa Bio-Compatible Polymers Market: Snapshot
8.2 Middle East & Africa Bio-Compatible Polymers Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
8.3 Middle East & Africa Bio-Compatible Polymers Market: Key Factors
8.4 Middle East & Africa Bio-Compatible Polymers Market Segmentation: By Product Type
8.4.1 Middle East & Africa Bio-Compatible Polymers Market, By Product Type Overview
8.4.2 Middle East & Africa Bio-Compatible Polymers Market Size, By Synthetic Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
8.4.3 Middle East & Africa Bio-Compatible Polymers Market Size, By Natural Polymer, By Value, 2019H-2029F (USD Billion & CAGR)
8.5 Middle East & Africa Bio-Compatible Polymers Market Segmentation: By Polymer
8.5.1 Middle East & Africa Bio-Compatible Polymers Market, By Polymer Overview
8.5.2 Middle East & Africa Bio-Compatible Polymers Market Size, By Polyetheretherketone (PEEK), By Value, 2019H-2029F (USD Billion & CAGR)
8.5.3 Middle East & Africa Bio-Compatible Polymers Market Size, By Polytetrafluoroethylene (PTFE), By Value, 2019H-2029F (USD Billion & CAGR)
8.5.4 Middle East & Africa Bio-Compatible Polymers Market Size, By Polyhydroxyalkanoates (PHAs), By Value, 2019H-2029F (USD Billion & CAGR)
8.5.5 Middle East & Africa Bio-Compatible Polymers Market Size, By Polyvinylchloride (PVC), By Value, 2019H-2029F (USD Billion & CAGR)
8.5.6 Middle East & Africa Bio-Compatible Polymers Market Size, By Other Polymers, By Value, 2019H-2029F (USD Billion & CAGR)
8.6 Middle East & Africa Bio-Compatible Polymers Market Segmentation: By End-use
8.6.1 Middle East & Africa Bio-Compatible Polymers Market, By End-use Overview
8.6.2 Middle East & Africa Bio-Compatible Polymers Market Size, By Surgical & Medical Instruments, By Value, 2019H-2029F (USD Billion & CAGR)
8.6.3 Middle East & Africa Bio-Compatible Polymers Market Size, By Implants, By Value, 2019H-2029F (USD Billion & CAGR)
8.6.4 Middle East & Africa Bio-Compatible Polymers Market Size, By Drug Delivery, By Value, 2019H-2029F (USD Billion & CAGR)
8.6.5 Middle East & Africa Bio-Compatible Polymers Market Size, By Other End-uses, By Value, 2019H-2029F (USD Billion & CAGR)
9. Market Dynamics
9.1 Impact Assessment of Market Dynamics on the Global Bio-Compatible Polymers Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Value Chain Analysis
10.2 Porter's Five Forces Model
11. Competitive Positioning
11.1 Companies' Product Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of Bio-Compatible Polymers Screening Market
11.4 Company Profiles
11.4.1 BASF Group
11.4.2 Covestro Group
11.4.3 Avient Corporation
11.4.4 Celanese Corporation
11.4.5 DIC Group
11.4.6 Johnson Matthey
11.4.7 Evonik Group
11.4.8 Mitsubishi Chemical Group
11.4.9 Victrex plc
11.4.10 Sekisui Chemical CO., LTD
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