[117 Pages Report] The report "Polyglycolic Acid Market by Form (Fibers, Films, Others), End-use industry (Medical, Oil & Gas, Packaging) and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America)-Global Forecast to 2024" The polyglycolic acid market size is projected to grow from USD 4.1 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 9.5% during the forecast period. The increasing demand for surgical sutures in the medical industry owing to the rising incidence of diseases including cardiovascular disease, ischemic heart disease, strokes, lung cancer, others are expected to drive the demand for polyglycolic acid during the forecast period. Furthermore, the rapid growth of the packaging industry with a particular preference for biodegradable packaging will escalate the demand for polyglycolic acid, thus driving the market growth.
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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Business Overview
6 Glycolic Acid Market, By Form
7 Polyglycolic Acid Market, By End-Use Industry
8 Polyglycolic Acid Market, By Region
9 Competitive Landscape
10 Company Profiles
11 Appendix
North America is estimated to be the largest polyglycolic acid market during the forecast period. US, Canada, and Mexico are the major markets for polyglycolic acid in the North America region, with the US being the largest. The presence of significant old age population along with an increase in the number of cardiac, orthopedic and hysterectomy surgeries in the region is expected to drive the demand for polyglycolic acid in North America. The increasing medical tourism in a significant part of the area will further support the polyglycolic acid market growth.
Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co, .Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co., Ltd. (China), Teleflex Incorporated (US) are the key players operating in the polyglycolic acid market.
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