Polyglycerol Sebacate Market Update, Analysis, Forecast, 2019 – 2025
Polyglycerol
Sebacate Market size will exceed USD 81.42 million by 2025; according to a new
research report by Global Market Insights, Inc.
Rising
population, improved healthcare facilities in developing economies, growing
implantable medical surgeries, technological advancement in cardiovascular
tissue engineering along with rise in R&D activities to replace traditional
materials with innovative biomaterials will primarily drive the Polyglycerol
Sebacate Market till 2025.
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Polyglycerol
sebacate (PGS) is a glycerol ester polymer created by polycondensation between
glycerol and sebacic acid to form a prepolymer resin which is then converted
into thermoset elastomer. The raw materials sebacic acid and glycerol can be
obtained by inexpensive sources and are highly regulated globally. PGS finds
application in tissue engineering, adhesives, coatings, drug delivery and other
upcoming applications such as scaffolds, valves etc. PGS is also used in
combination with other biodegradable resorbable polymers for cardiovascular
tissue applications.
3D printed scaffolds show a
promising Polyglycerol Sebacate Market during the forecast period. PGS has
gained popularity in regenerative medicine industry due its elastomeric
properties and successful use with many applications. PGS is used as coating
for improving the properties of bio textiles and promote healing process. PGS
can be coated on wide range of bioresorbable bio textiles such as PET vascular
grafts, polyglycolide, polypropylene hernia mesh, polyethylene heart valves.
Although PGS is a comparatively
newer materials as compared to other biomaterials including polylactic acid,
polycaprolactam, poly lactic acid copolymers such as (poly-L-lactide) PLLA,
(poly-D-lactide), collagen, chitosan, the market potential for PGS to replace
the above biomaterials is huge because of regulated raw materials, standard
manufacturing process, close resemblances and performance of PGS with natural
tissue. Tissue engineering applications, especially in cardiovascular tissue
replacement itself provides a huge potential market for PGS because of its
unmatched elastomeric properties.
PGS also can be fabricated into
highly porous scaffolds that mimic the natural tissue characteristics. As the
raw materials required to manufacture PGS comes from renewable sources, this
polymer has attracted interest of many company globally. Although, there are
very few companies operating in the PGS market at present, more companies are expected
to enter this market in the coming years.
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Increasing
R&D activities for improved materials, use of co polymers, high cost of
polymers and use of traditional surgical methods in developing nations will
show some adverse impact on the PGS market that will restraints its full growth
to some extent over the projected years. Also, long term availability of data
on biocompatibility & biodegradability is unavailable.
PGS
resin is being widely used in variety of biomedical applications as it exhibits
both biocompatibility and biodegradability properties both highly important for
biomedical applications. PGS involves cost effective production and can be up
scaled easily with less complicated machinery.
Also,
the mechanical properties along with the degradation kinetics of PGS can be
tailored to match the requirements of intended applications by controlling
curing temperature, curing time, reactants concentration and degree of
acylation in acrylate PGS. Because of the flexible and elastomeric nature of
PGS, its biomedical applications have mainly targeted soft tissue replacement
and the engineering of soft tissues, such as cardiac muscle, blood, nerve,
cartilage and retina. However, applications of PGS are being expanded to
include drug delivery, tissue adhesive and hard tissue (i.e., bone)
regeneration among others.
North America will have the largest share of the Polyglycerol
Sebacate Market by 2025. Rise in old age population, continuous R&D efforts,
innovations in implant design and availability of advanced medical devices,
rise in accident and trauma cases will fuel the North American PGS market.
At present, only Secant Group is a leading player of PGS
resin in the business. However, there are many companies which produce PGS
inhouse and consumer for laboratory and research purposes.
3.1.
Industry segmentation
3.2.
Industry size and forecast, 2014 – 2025
3.3.
Industry ecosystem analysis
3.3.1.
Raw material analysis
3.3.2.
Profit margin analysis
3.3.3.
Value addition at each stage
3.3.4.
Distributor channel analysis
3.3.5.
Vendor matrix
3.4.
Innovation & sustainability
3.4.1.
Patent analysis
3.4.2.
Technology landscape
3.4.3.
Future trends
3.5.
Industry impact forces
3.5.1.
Growth drivers
3.5.1.1.
Rising product demand for tissue engineering and regenerative medicine in
medical industry
3.5.1.2.
Growing demand for biomedical textiles to improve healing process in medical
industry
3.5.2.
Industry pitfalls & challenges
3.5.2.1.
Availability of several product substitutes and unavailability of long-term
data on its performance attributes
3.6.
Addressable market potential
3.7.
Regulatory landscape
3.8.
Growth potential analysis
3.9.
Porter’s analysis
3.9.1.
Supplier power
3.9.2.
Buyer power
3.9.3.
Threat of new entrants
3.9.4.
Threat of substitutes
3.9.5.
Industry rivalry
3.10.
Price trends
3.10.1.
Cost structure analysis
3.10.1.1.
R&D cost
3.10.1.2.
Manufacturing & equipment cost
3.10.1.3.
Raw material cost
3.10.1.4.
Distribution cost
3.10.1.5.
Operating cost
3.10.1.6.
Miscellaneous cost
3.10.2.
Price by form
3.10.3.
Price by application
3.11.
PESTEL analysis
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Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
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and biotechnology.
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Global Market Insights, Inc.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
Polyglycerol Sebacate Market Update, Analysis, Forecast, 2019 – 2025
Reviewed by GMI
on
February 22, 2019
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