Polyglycolic Acid Market Segmentation:
End User Segment Analysis
The medical end-user segment is expected to acquire around 40% polyglycolic acid market share in the year 2035. Rising cases of road accidents are significantly the demand for medical sutures. Every year, around 1.3 million people lose their lives due to a traffic accident.
Poly glycolic acid sutures are a biodegradable polymer that makes it safe for securing the open wound, and it eliminates the need for suture removal by getting dissolved in the body over the period. Other than this, PGA is also used in the medical sector in developing drug delivery systems, especially for sustained drug release.
Form Segment Analysis
Fibers form segment is set to gain the largest market share of about 60% till 2035. The fiber form of PGA has great mechanical properties, such as high retardancy to abrasion, tensile strength, and modulus.
The growth of the segment is supported by its high utilization in various industries, such as textiles, geotextiles, medical sutures, composites, and others. Apart from this, polyglycolic acid fibers can be combined with other materials to create great composite materials for automotive, aerospace, and sports equipment.
Our in-depth analysis of the global market includes the following segments:
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