10-Jun-2020 | Facts and Factors
Findings from Facts and Factors has authored “Drug Integrated Polymer Fibers Market By Type (Polylactic Acid, Polydioxanone, Polycaprolactone, and Others), By Application (Drug Delivery, Orthopedic Sutures, Vascular Stents, Vascular Grafts, Dermal Wound Healing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”, states that the global drug integrated polymer fibers market in 2019 was approximately USD 60 Million. The market is expected to grow above a CAGR of 6.8% and is anticipated to reach over USD 95 Million by 2026.
The drug incorporated polymers fibers are typically made of biodegradable materials and biocompatible. These fibers are otherwise called pharmaceutical filaments as these can be stacked with an assortment of drugs. These polymers fibers are normally accessible in sewn/plaited or woven structures utilized in clinical material gadgets. These filaments have a wide scope of uses in vascular unions, drug delivery, orthopedics, and vascular stents alongside dermal recuperating.
Browse the full “Drug Integrated Polymer Fibers Market: by Type (Polylactic Acid, Polydioxanone, Polycaprolactone, and Others), By Application (Drug Delivery, Orthopedic Sutures, Vascular Stents, Vascular Grafts, Dermal Wound Healing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026." https://www.fnfresearch.com/drug-integrated-polymer-fibers-market-by-type-polylactic-1062
Quick advancement in the field of biotechnology and meds has headed the medication disclosure market towards the development of countless new, exceedingly intense, and target-explicit medication. In spite of the firm pace of research and beginning time revelation, a few medication competitors flop through preclinical appraisal because of constrained bioavailability, poor adequacy, and numerous different confinements identified with successful medication conveyance. Small molecule drugs experience poor dependability, low dissolvability, vague poisonous quality, and short course time therefore limiting their remedial proficiency.
Biopharmaceuticals like nucleic acids proteins and peptides are normally limited by low stability from the body. These confinements, alongside the decent variety and multifaceted nature of new pharmaceuticals, are fueling the development of novel and inventive medication conveyance frameworks which will conquer the conveyance impediments and bioavailability. However, the rising essentialness of polymer medicate conveyance rehearses, the techniques, and materials of medication conveyance frameworks don't extensively exist to those in the outside polymer field. Innovative progression for item highlight improvement is relied upon to bring new development roads for significant market players working in the worldwide market.
The worldwide drug integrated polymer fibers industry has been segmented on the basis of application, type, and region. The type segment is divided into polydioxanone, polylactic acid, polycaprolactone, and others. The polylactic acid product and its variants are projected to dominate the demand for drug-integrated polymer fibers. The growth of this section is attributed to the characteristics of polylactic acid such as strong biodegradability, and biocompatibility and of the substance. During the forecast era, the segment contributed to approximately 45 percent of the market share rising at a fast pace of CAGR.
Further, the application segment is classified as Drug delivery, vascular stents, dermal wound healing, vascular grafts, orthopedic sutures, and others. The orthopedic sutures division captured the highest market share in 2019, although the quickest rise is expected to drug delivery application over the forecast era.
Geographically market is categorized as Latin America, North America, APAC, Europe, and the MEA regions. North America is estimated to dominate the global market in the near future owing to the increasing adoption of technically advanced products in the countries of this region. This growth is attributed due to rising awareness among the individuals regarding the use of advanced healthcare gadgets in the region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 60 Million |
Projected Market Size in 2026 |
USD 95 Million |
CAGR Growth Rate |
6.8% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Integrated Polymer Solutions, TissueGen, Incand Micro Engineering, Solutions, and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Integrated Polymer Solutions, TissueGen, Incand Micro Engineering, Solutions, among others. Key operating players of the drug integrated polymer fibers market are focusing on the development of more advanced, reliable, and cost-effective products in order to contribute to the revenue growth of the global market.
This report segments the drug integrated polymer fibers market as follows:
By Type Segment Analysis
- Polylactic Acid (PLA)
- Polydioxanone (PDO)
- Polycaprolactone (PCL)
- Others (PGA, PLGA, PDLL)
By Application Segment Analysis
- Drug Delivery
- Orthopedic Sutures
- Vascular Stents
- Vascular Grafts
- Dermal Wound Healing
- Others
By Regional Segment Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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