Polyglycerol Sebacate Market Size in Asia Pacific Region is Expected to Experience A Substantial Growth by 2025
Category: #Technology  By Ashwin Naphade  Date: 2019-10-13
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Polyglycerol Sebacate Market Size in Asia Pacific Region is Expected to Experience A Substantial Growth by 2025

North America Polyglycerol Sebacate Market size is probable to grow at CAGR of more than 11.0% in the forecast time period. This is mainly due to high R&D investment in the medical field which has led to strong momentum in the biomaterials market, which will have subsequent positive impact on the PGS market size by 2025.

 For instance, U.S. medical devices market was valued approximately USD 160 billion in 2016, which rose to USD 170 billion in 2017 and a similar trend is anticipated in the near future. These trends will in turn boost product demand, which will help attain promising gains to the overall polyglycerol sebacate market size in the coming years.

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According to a new research report. Polyglycerol Sebacate market will exceed USD 81.0 million by 2025. Rising PGS demand for tissue engineering and regenerative medicine in the biomedical field is a major factor which will help attain promising gains to the overall PGS market size by 2025. For instance, For instance, tissue engineering and regenerative medicine market in 2013 was valued close to USD 17 billion, which rose to USD 47.2 billion by the end of 2018, mainly due to consistent innovation and development carried out in the biomedical field and rising need to improve the healing process.

In tissue engineering, product mechanical properties play a significant role and PSG properties makes it preferable in cardiac tissue engineering due to ease in modulating its mechanical properties to match those of myocardial tissues. The product possesses multitude of properties which makes it an ideal material to fill technological demand in tissue engineering and regenerative medicine applications.

Biomaterials have revolutionized the tissue engineering, mainly due to its biodegradable, non-toxic nature and elastomeric properties, to develop novel strategies to combat life threatening diseases. Tissue engineering promises a spectacular medical care for thousands of patients annually at reduced cost. Limitations with the conventional medical industry are taken care by the emerging newer technologies such as tissue engineering and regenerative medicine, which is likely to drive the product demand, which will help attain promising gains to the overall polyglycerol sebacate market size by 2025.

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Availability of several product alternatives such as polylactic acid (PLA), polyglycolic acid (PGA), polyethylene glycol (PEG), polycaprolactone (PCL) chitosan, collagen, etc. in the market are probable to impede the overall market growth in the coming years. Furthermore, unavailability of long-term data on biocompatibility, degradability, and effect on functions which need to be closely studied before this biomaterial can progress further in the biomedical field is likely to hamper the overall PGS market size by 2025. However, the state of the art technologies and consistent research will play a noteworthy role in offering further insights to the overall polyglycerol sebacate market.

Global polyglycerol sebacate market size for coatings was valued USD 2.87 million in 2018, which is likely to witness gains close to 8.5% in the coming years. It is used as a coating to improve the mechanical properties of the medical textile as it helps in boosting the healing process. As a functional component of a medical device, biomedical textile structures are used in heart valves, soft tissue repair products, endovascular grafts, load-sharing scaffolds, neurovascular stents, etc. Its use as textile coating promotes cell growth, minimize inflammation, promotes healing, minimize adhesion, imparts elasticity to mimic native tissue and improve material response to deformation. These trends are likely to make notable contribution to the overall PGS market size in the forecast timeframe.

Partial Chapter of the Table of Content:

Chapter 3. Global Polyglycerol Sebacate Market Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2014 – 2025

3.3. Industry ecosystem analysis

3.3.1. Raw material analysis

3.3.2. Profit margin analysis

3.3.3. Value addition at each stage

3.3.4. Distributor channel analysis

3.3.5. Vendor matrix

3.4. Innovation & sustainability

3.4.1. Patent analysis

3.4.2. Technology landscape

3.4.3. Future trends

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Rising product demand for tissue engineering and regenerative medicine in medical industry

3.5.1.2. Growing demand for biomedical textiles to improve healing process in medical industry

3.5.2. Industry pitfalls & challenges

3.5.2.1. Availability of several product substitutes and unavailability of long-term data on its performance attributes

3.6. Addressable market potential

3.7. Regulatory landscape

3.8. Growth potential analysis

3.9. Porter’s analysis

3.9.1. Supplier power

3.9.2. Buyer power

3.9.3. Threat of new entrants

3.9.4. Threat of substitutes

3.9.5. Industry rivalry

3.10. Price trends

3.10.1. Cost structure analysis

3.10.1.1. R&D cost

3.10.1.2. Manufacturing & equipment cost

3.10.1.3. Raw material cost

3.10.1.4. Distribution cost

3.10.1.5. Operating cost

3.10.1.6. Miscellaneous cost

3.10.2. Price by form

3.10.3. Price by application

3.11. PESTEL analysis

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Currently, only Secant Group is engaged in manufacturing PGS resin in the industry. Although, there are many companies which manufacture the product for laboratory R&D purpose for testing and attaining qualitative data on its performance parameters.

 

About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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