Polyglycolic Acid Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~10% During 2023-2035 - PowerPoint PPT Presentation

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Polyglycolic Acid Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~10% During 2023-2035

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Title: Polyglycolic Acid Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~10% During 2023-2035


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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. New York May 23, 2023- Research
Nesters 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

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  • 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.
  • 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. PGAs 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.
  • Access our detailed report at
  • https//www.researchnester.com/reports/polygly
    colic-acid- market/4958
  • By end user, the global polyglycolic acid market
    is segmented into medical, oil gas, packaging,
    and agriculture. The medical segment is



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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. Consult
our expert analysts at info_at_researchnester.com or
contact us at https//www.researchnester.com/con
tact for any customized report. 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, HuizhoFory
ou Medical Devices Co., Ltd., Teleflex
4
Incorporated, Du Pont de Nemours, Inc., Foster
Group, Inc., Samyang Holdings Biopharma Group,
Ethicon Inc., and Kureha Corporation Request
Report Sample_at_ https//www.researchnester.com/
sample-request-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_at_researchnester.com U.S
. Phone 1 646 586 9123 U.K. Phone 44 203 608
5919


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