The Global Polylactic Acid for Medical Market has experienced remarkable growth, starting at USD 116.3 million in 2022 and is projected to readjust to a size of USD 175.2 million by 2029, with a robust Compound Annual Growth Rate (CAGR) of 6.0% during the review period. This analysis takes into consideration the influence of significant factors, including the COVID-19 pandemic and the Russia-Ukraine War, on market dynamics.
Polylactic acid (PLA), a biodegradable and biocompatible polymer derived from renewable resources such as cornstarch or sugarcane, is gaining substantial attention in the medical field. It presents an attractive alternative to petroleum-based plastics.
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Key Features:
Global Polylactic Acid for Medical market size and forecasts in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton) for the period 2018-2029.
Market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton) for the period 2018-2029.
Market size and forecasts by Type and Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton) for the period 2018-2029.
Market shares of key players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton) for the period 2018-2023.
Primary Objectives:
Determine the total market opportunity size globally and in key countries.
Assess growth potential in the Polylactic Acid for Medical sector.
Forecast future growth in each product and end-use market.
Evaluate competitive factors influencing the marketplace.
Key Players: This report profiles key players in the global Polylactic Acid for Medical market, considering parameters like company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Notable companies featured in this study include NatureWorks, Corbion, Futerro, Teijin, Toray, Musashino, Sulzer, Galactic, Zhejiang Hisun Biomaterials, Shanghai Tong-jie-liang Biomaterials, Shenzhen Esun Industrial, and BBCA Biochemical, among others.
Market Segmentation:
Type: PLLA, PDLA, PDLLA.
Application: Hospital, Clinic, Other.
Regional Analysis:
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- South America (Brazil, Argentina, Colombia, Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East & Africa)
The global Polylactic Acid for Medical market’s growth is driven by its eco-friendly nature and versatile applications in the medical sector.
Find more details about this report at: https://www.themarketreports.com/report/global-polylactic-acid-for-medical-market-by-manufacturers-regions-type-and-application-forecast
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