Polyglycolic Acid Market Share

North American Market Forecast

The polyglycolic acid market in North America is projected to dominate with a revenue share of about 37% by 2036. Growing cases of cardiac surgery and other surgeries are increasing the need for sutures and better drug delivery systems which in turn is likely to drive the market growth. Every year, around 500,000 open heart operations are conducted in the United States. In cardiac surgery, the sutures need to be dissolved themselves after the surgery for this purpose the polyglycolic acid sutures become increasingly important.

APAC Market Statistics

Asia Pacific polyglycolic acid market will be the second largest, gaining a share of nearly 26% by the end of 2036. Rising exploration operations and increased development of sedimentary rock gas extraction, such as shale gas. In 2021, around 23 million cubic meters of shale gas were produced in China, an increase of around 21% year on year since 2017. Polyglycolic acid is used in the formation of fracture plugs that are placed in the wellbore to isolate different shales and enable gas pipeline infrastructure for uninterrupted gas extraction.