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Polyglycerol Sebacate Market to witness a steady growth over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-15 

Global Polyglycerol Sebacate Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2023. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers information along with Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and growth.

Polyglycerol Sebacate (PGS) market will exceed USD 81.0 million by 2025; according to a new research report.

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Rising PGS demand for tissue engineering and regenerative medicine in the biomedical field is a major factor which will help attain promising gains to the overall PGS market size by 2025. For instance, For instance, tissue engineering and regenerative medicine market in 2013 was valued close to USD 17 billion, which rose to USD 47.2 billion by the end of 2018, mainly due to consistent innovation and development carried out in the biomedical field and rising need to improve the healing process.
 
In tissue engineering, product mechanical properties play a significant role and PSG properties makes it preferable in cardiac tissue engineering due to ease in modulating its mechanical properties to match those of myocardial tissues. The product possesses multitude of properties which makes it an ideal material to fill technological demand in tissue engineering and regenerative medicine applications.

Biomaterials have revolutionized the tissue engineering, mainly due to its biodegradable, non-toxic nature and elastomeric properties, to develop novel strategies to combat life threatening diseases. Tissue engineering promises a spectacular medical care for thousands of patients annually at reduced cost. Limitations with the conventional medical industry are taken care by the emerging newer technologies such as tissue engineering and regenerative medicine, which is likely to drive the product demand, which will help attain promising gains to the overall polyglycerol sebacate market size by 2025.

Availability of several product alternatives such as polylactic acid (PLA), polyglycolic acid (PGA), polyethylene glycol (PEG), polycaprolactone (PCL) chitosan, collagen, etc. in the market are probable to impede the overall market growth in the coming years. Furthermore, unavailability of long-term data on biocompatibility, degradability, and effect on functions which need to be closely studied before this biomaterial can progress further in the biomedical field is likely to hamper the overall PGS market size by 2025. However, the state of the art technologies and consistent research will play a noteworthy role in offering further insights to the overall PGS market.

Global polyglycerol sebacate market size for paste form was valued USD 12.5 million in 2018, which is likely to witness gains close to 9% by 2025. It finds extensive applications in tissue engineering, drug delivery, coatings for medical textiles, adhesives, etc. Moreover, polyglycerol sebacate market size for soft-gel is projected to witness CAGR close to 9.5% in the forecast spell.

Global polyglycerol sebacate market size for coatings was valued USD 2.87 million in 2018, which is likely to witness gains close to 8.5% in the coming years. It is used as a coating to improve the mechanical properties of the medical textile as it helps in boosting the healing process. As a functional component of a medical device, biomedical textile structures are used in heart valves, soft tissue repair products, endovascular grafts, load-sharing scaffolds, neurovascular stents, etc. Its use as textile coating promotes cell growth, minimize inflammation, promotes healing, minimize adhesion, imparts elasticity to mimic native tissue and improve material response to deformation. These trends are likely to make notable contribution to the overall PGS market size in the forecast timeframe.

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North America PGS market size is probable to grow at CAGR of more than 11.0% in the forecast time period. This is mainly due to high R&D investment in the medical field which has led to strong momentum in the biomaterials market, which will have subsequent positive impact on the PGS market size by 2025. For instance, U.S. medical devices market was valued approximately USD 160 billion in 2016, which rose to USD 170 billion in 2017 and a similar trend is anticipated in the near future. These trends will in turn boost product demand, which will help attain promising gains to the overall polyglycerol sebacate market size in the coming years.

Currently, only Secant Group is engaged in manufacturing PGS resin in the industry. Although, there are many companies which manufacture the product for laboratory R&D purpose for testing and attaining qualitative data on its performance parameters.


 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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