Middle East and Africa Bioresorbable Polymers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polydioxanone, Polycaprolactone (PCL), and Others] and Application (Orthopedic Devices,

Middle East and Africa Bioresorbable Polymers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Polylactic Acid (PLA), Polyglycolic Acid (PGA), Polydioxanone, Polycaprolactone (PCL), and Others] and Application (Orthopedic Devices, Drug Delivery, and Others)

The bioresorbable polymers market in Middle East & Africa is expected to grow from US$ 179.64 million in 2021 to US$ 255.34 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.

The rising healthcare infrastructure in developing economies is broadening the scope of bioresorbable polymer-based medical devices across the region. The increase in the geriatric population and consumers' growing per capita income in developing countries, such as South Africa, offer lucrative opportunities for the healthcare sector. Owing to better healthcare facilities and growing geriatric population, developing economies tend to provide various medical services and orthopedic devices for common problems among older people, such as hip, knee, spine, and joint surgeries. Hence, the rise in spending on healthcare infrastructure and increase in the elderly population in developing countries is expected to boost the bioresorbable polymers market in the Middle East & Africa during the forecast period.

South Africa has reported the highest number of COVID-19 cases in the Middle East & Africa, followed by Saudi Arabia and the UAE. The impact of lockdown on the Middle Eastern and African countries has been severe. Various manufacturing companies related to the chemical and materials sector were shut down, which also led to the reduction in bioresorbable polymer production. Disruptions in supply chains and reduced demand for medical implants during COVID also limited the market. As the social restrictions are being eased out, manufacturing units have begun to reopen gradually. Moreover, with the rescheduling of surgeries has raised the medical device demand and production. Thus, the resurgence of the healthcare sector is likely to fuel the bioresorbable polymer market in the coming years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa bioresorbable polymers market at a good CAGR during the forecast period.

Middle East & Africa Bioresorbable Polymers Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Bioresorbable Polymers Market Segmentation

Middle East & Africa Bioresorbable Polymers Market - by Type

Polylactic Acid (Pla) Polyglycolic Acid (Pga) Polydioxanone Polycaprolactone(Pcl) Others Middle East & Africa Bioresorbable Polymers Market - by Application

Orthopedic Devices Drug Delivery Other Application Middle East & Africa Bioresorbable Polymers Market - by Country

South Africa Saudi Arabia UAE Rest of MEAMiddle East & Africa Bioresorbable Polymers Market - Companies Mentioned

Evonik Industries AG Musashino Chemical Laboratory, Ltd. Ashland Global Holdings Inc. Poly-Med Incorporated

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