What is Global Polylactic Acid for Medical Market?
The Global Polylactic Acid for Medical Market is a specialized sector that focuses on the production and distribution of polylactic acid (PLA) for medical applications. Polylactic acid is a type of biodegradable polyester derived from renewable resources like corn starch or sugar cane. It's widely used in the medical field due to its excellent biocompatibility, biodegradability, and mechanical properties. The market encompasses various types of PLA such as PLLA (Poly-L-lactic acid), PDLA (Poly-D-lactic acid), and PDLLA (Poly-DL-lactic acid), each with unique characteristics and uses.
PLLA, PDLA, PDLLA in the Global Polylactic Acid for Medical Market:
PLLA, PDLA, and PDLLA are the three main types of polylactic acid used in the Global Polylactic Acid for Medical Market. PLLA is a stereoisomer of PLA and is known for its slow degradation rate, making it suitable for long-term medical applications like bone fixation devices. PDLA, on the other hand, degrades faster and is often used in short-term applications. PDLLA is a copolymer of PLLA and PDLA, combining the properties of both. It's used in a variety of medical applications, including drug delivery systems and tissue engineering. Each of these types of PLA has its own market within the larger Global Polylactic Acid for Medical Market, with different manufacturers, distributors, and end-users.
Hospital, Clinic, Other in the Global Polylactic Acid for Medical Market:
The Global Polylactic Acid for Medical Market finds its applications in various areas such as hospitals, clinics, and others. In hospitals, PLA is used in a variety of ways, from surgical sutures to bone screws. Its biodegradability means that it can be left in the body without causing harm, reducing the need for follow-up surgeries. In clinics, PLA is often used in aesthetic treatments, such as dermal fillers. Other applications of PLA in the medical field include drug delivery systems, where the biodegradable nature of PLA is used to deliver drugs directly to a targeted area in the body.
Global Polylactic Acid for Medical Market Outlook:
A recent survey has shed light on the future prospects of the Global Polylactic Acid for Medical Market. The study predicts a promising growth trajectory for this market, with the total value expected to rise from US$ 113 million in 2022 to US$ 174.6 million by 2029. This represents a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2023 to 2029. This growth is likely to be driven by several factors, including the increasing demand for biodegradable medical products, advancements in PLA production technologies, and the growing awareness about the benefits of PLA in the medical field.
| Report Metric | Details |
| Report Name | Polylactic Acid for Medical Market |
| Accounted market size in 2022 | US$ 113 million |
| Forecasted market size in 2029 | US$ 174.6 million |
| CAGR | 6.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | NatureWorks, Corbion, Futerro, Teijin, Toray, Musashino, Sulzer, Galactic, Zhejiang Hisun Biomaterials, Shanghai Tong-jie-liang Biomaterials, Shenzhen Esun Industrial, BBCA Biochemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
