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Polyglycerol Sebacate (PGS) Market Analysis

  • Report ID: GMI3101
  • Published Date: Sep 2024
  • Report Format: PDF

Polyglycerol Sebacate Market Analysis

The soft gel segment will capture USD 43.35 million and demonstrate a 9.6% CAGR by 2032. The polyglycerol sebacate (PGS) market is evolving with various product forms catering to diverse medical applications. Soft gels are increasingly popular due to their flexibility and biocompatibility, making them ideal for drug delivery systems and tissue scaffolding. PGS in paste form is gaining traction for its ease of application and customization, especially in regenerative medicine and wound care.
 

Extruded products, such as films and fibers, are widely used in biomedical textiles and implantable devices, providing structural support and controlled degradation properties. Other forms of PGS, including coatings and porous structures, are also emerging for specialized applications. Overall, the trend is towards leveraging PGS’s versatility across these forms to enhance functionality in medical devices, regenerative treatments, and advanced textile applications, thereby expanding its market presence.
 

Polyglycerol Sebacate Market Revenue Share, By Application, (2023)

The tissue engineering application segment held a 45% market share in 2023, amounting to USD 29.47 million, and is projected to grow at a 9% CAGR from 2024 to 2032. The polyglycerol sebacate market is witnessing significant growth across various applications. In tissue engineering, PGS is highly valued for its biocompatibility and customizable properties, making it ideal for creating scaffolds that support cell growth and tissue regeneration. The drug delivery sector benefits from PGS’s controlled degradation and flexibility, enabling innovative, targeted delivery systems.
 

In adhesives, PGS is used for its strong bonding and biocompatible features, essential for medical and surgical applications. The coatings segment leverages PGS for its ability to enhance the performance and longevity of implants and medical devices. Additionally, the others category includes diverse applications such as wound care and specialized biomedical textiles. Overall, these trends highlight PGS’s versatility and growing importance in advancing medical technology and improving patient outcomes.
 

North America Polyglycerol Sebacate Market Size, 2021 - 2032 (USD Million)

The North America polyglycerol sebacate market is projected to achieve USD 74.34 million, with a CAGR of 12% from 2024 to 2032, owing to rise in old population and increase in lifestyle diseases such as obesity and others.
 

North America dominated the market due of prevalence of obesity and osteoarthritis patients along with higher spending on medical facilities especially in U.S. At present, Secant Group LLC is the only player in the PGS business, but it is estimated that companies operating in the biodegradable bone graft polymers space will enter the market soon. Rising demand and awareness from developing countries in Eastern Europe will fuel the growth of biomaterials.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of polyglycerol sebacate reached USD 65.49 million in 2023 and is anticipated to grow at a 10.6% CAGR from 2024 to 2032.

The tissue engineering application segment held a 45% market share in 2023, amounting to USD 29.47 million, and is projected to grow at a 9% CAGR from 2024 to 2032.

The soft gel segment is projected to capture USD 43.35 million and demonstrate a 9.6% CAGR by 2032, due to their flexibility and biocompatibility, making them ideal for drug delivery systems and tissue scaffolding.

The North America market is projected to achieve USD 74.34 million, with a CAGR of 12% from 2024 to 2032, owing to a rise in the aging population and an increase in lifestyle diseases such as obesity.

Leading players in the market include BASF SE, Cambridge Polymers Group, Evonik Industries AG, Fuso Chemical Co., Ltd., Orthofix International NV, Polymers LLC, PolySciTech (Akina, Inc.), Resinex, Secant LLC, Sigma-Aldrich (Merck Group), and Synthecon Inc.

Polyglycerol Sebacate (PGS) Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 182
  • Countries covered: 18
  • Pages: 200
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