NEW YORK, Oct. 24, 2023 /PRNewswire/ — The poly(lactic-co-glycolic acid) (PLGA) market size is expected to grow by USD 106.84 million from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 8.12% during the forecast period, according to Technavio. Growing demand for drug delivery applications is notably driving the poly(lactic-co-glycolic acid) (PLGA) market. However, factors such as Stringent regulations on PLGA may impede market growth. The market is segmented by Application (Personal care and dermatology, Suture, Fracture fixation, and Others), Type (PLGA 50:50, PLGA 75:25, PLGA 85:15, and PLGA 65:35), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the poly(lactic-co-glycolic acid) (PLGA) market, including Akina Inc., Alfa Chemistry, Ashland Inc., Bezwada Biomedical LLC, CD Bioparticles, Corbion NV, Creative PEGWorks, Evonik Industries AG, Foster Corp., Huizhou Foryou Medical Devices Co. Ltd., Koninklijke DSM NV, Merck KGaA, Mitsui Chemicals Inc., Nanosoft Polymers, Nomisma Healthcare Pvt. Ltd., Poly Med Inc., Polysciences Inc., SEQENS GROUP, SPECIFIC POLYMERS, and Zeus Co. Inc. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.
Technavio has announced its latest market research report titled Global Poly(Lactic-Co-Glycolic Acid) (PLGA) Market 2023-2027
Poly(Lactic-Co-Glycolic Acid) (PLGA) Market 2023-2027: Company Analysis
Ashland- The company offers polylactic-co-glycolic acid such as Viatel bioresorbable polymers. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
Poly(Lactic-Co-Glycolic Acid) (PLGA) Market 2023-2027: Segmentation
Application
The market share growth in the personal care and dermatology segment will be significant during the forecast period. The unique properties of PLGA make it an appropriate component for a range of personal care and dermatological products, such as facial fillers, body contouring devices, and skin substitutes. Moreover, its biodegradability allows PLGA to gradually degrade into lactic acid and glycolic acid within the body, making it an attractive option for facial fillers and other injectable products.
Geography
North America is estimated to contribute 35% to the growth of the market during the forecast period. The North American market is expected to experience significant growth, primarily driven by the increasing demand from the pharmaceutical sector. The US is a major consumer of PLGA within the region, with wide-ranging applications in the personal care and cosmetics industry. Furthermore, the growth of the poly lactic-co-glycolic acid (PLGA) market in North America is also driven by the favorable research and development (R&D) landscape.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View the PDF Sample Report
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Poly(Lactic-Co-Glycolic Acid) (PLGA) Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.12% |
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Market growth 2023-2027 |
USD 106.84 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
7.7 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key countries |
US, China, UK, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Akina Inc., Alfa Chemistry, Ashland Inc., Bezwada Biomedical LLC, CD Bioparticles, Corbion NV, Creative PEGWorks, Evonik Industries AG, Foster Corp., Huizhou Foryou Medical Devices Co. Ltd., Koninklijke DSM NV, Merck KGaA, Mitsui Chemicals Inc., Nanosoft Polymers, Nomisma Healthcare Pvt. Ltd., Poly Med Inc., Polysciences Inc., SEQENS GROUP, SPECIFIC POLYMERS, and Zeus Co. Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio