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Analysis of Polyglycolic Acid Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~10% During 2023-2035 and Attain ~USD 9 Billion by 2035 Research Nester assesses the growth and market size of the global polyglycolic acid market which is anticipated to be on account of the rising demand for sustainable packaging and the growing use of PGA sutures in the health sector. Research Nester’s recent market research analysis on “Polyglycolic Acid Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global polyglycolic acid market in terms of market segmentation by form, end user, and by region. Growing Use of PGA in Medical Sutures to Promote Global Market Share of Polyglycolic Acid The global polyglycolic acid market is estimated to grow majorly on account of the rising popularity of 3D printing and rising demand for medical sutures. PGA sutures are highly used in surgical procedures, to heal wounds. PGA sutures are synthetic surgical sutures with high absorbency. Moreover, it has better efficiency than collagen-absorbable sutures, owing to its high flexibility. More than 310 million major operations are performed annually worldwide; approximately 40 to 50 million in the United States and 20 million in Europe. Moreover, in 3D printers, the filament is made up of polyglycolic acid and it is employed in fused deposition modeling. PGA is shown to be more brittle in 3D printing than other polymers polylactic acid (PLA). Besides this, PGA is extensively used in the packaging industry. PGA is used in the production of high-quality films and bottles. Since PGA is an
excellent polyester resin, it is combined with polyethylene terephthalate for manufacturing high-performance plastic. It extends the shelf life of liquids, making the distribution and supply process more efficient. Moreover, owing to its biodegradable properties, it is utilized in sustainable packaging and is used in the production of compostable bags and pouches. Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-4958 Some of the major growth factors and challenges that are associated with the growth of the global polyglycolic acid market are: Growth Drivers: Surging Demand for Oil & Gas Rising Demand for Sutures Made of PGA Challenges: The high degradation rate of PGA restricts the market growth. PGA’s rapid degradation means that products made from PGA may have a limited shelf life. This can be a concern for manufacturers, as they need to ensure that their products remain stable until they are used. Higher degradation rates many provide sufficient long-term mechanical support, this restricts the potential application of PGA-based products and limits the market growth. On the other hand, the production cost of PGA is high and many industries are not completely aware of its benefits. There are some of the major factors anticipated to hamper the global market size of polyglycolic acid. By end user, the global polyglycolic acid market is segmented into medical, oil & gas, packaging, and agriculture.The medical segment is expected to gain the largest market share by the end of 2035. The growth
of the segment is driven by rising cases of vehicle crashes causing severe injuries to the body. Moreover, PGA is used in the medical field to design drug delivery systems, particularly for prolonged drug release. Moreover, PGA sutures are suitable for fastening open wounds and they get dissolved naturally in the body, therefore, eradicating the need for sutures removal. Furthermore, the market is further segmented into various forms. Out of all, the fibers form is expected to dominate the market growth. Fiber forms find their application in many industries, including medical sutures, composites, geotextiles, and textiles. By region, the North American polyglycolic acid market is expected to have the largest market share by the end of 2035. As the number of cardiac surgeries and other procedures increases, so does the demand for sutures and better medication delivery methods, which is expected to fuel market expansion. Both men and women are affected by heart disease, it is one of the common causes of death in the United States. Every year, over 500,000 open heart procedures are performed throughout the region. Polyglycolic acid is gaining popularity in cardiac surgery, as these sutures heal themselves, therefore such intricate surgery uses PGA sutures. This report also provides the existing competitive scenario of some of the key players of the global polyglycolic acid market which includes company profiling of Corbion NV, Shenzhen Polymtek Biomaterial Co. Ltd., BMG Incorporated, HuizhoForyou Medical Devices Co., Ltd., Teleflex Incorporated, Du Pont de Nemours, Inc., Foster Group, Inc., Samyang Holdings Biopharma Group, Ethicon Inc., and Kureha Corporation
Access our detailed report at: https://www.researchnester.com/reports/polyglycolic-acid- market/4958 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919
