Sarasota, FL -- (SBWire) -- 03/27/2019 --Global Drug Integrated Polymer Fibers Market: Overview
Drug integrated polymers fibers are generally made from biodegradable and biocompatible materials such as poly lactic acid and its derivatives such as PLLA, polydioxanone, polycaprolactone, polyglycolic acid, poly(lactic-co-glycolic acid), and other copolymers. These fibers also called as pharmaceutical fibers and can be loaded with a variety of drugs. These fibers are generally available in a woven, knitted or braided form for a medical textile device. These fibers find wide applications in orthopedics, drug delivery, vascular grafts, and stents along with dermal healing.
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Global Drug Integrated Polymer Fibers Market: Growth Factors
The drug integrated polymer fibers market is driven by technological developments, stringent quality control, safety regulations, rising healthcare expenditure in developing economies, aging population. Furthermore, Pharmaceuticals and biologics loaded fibers offer high mechanical and pharmacological support from the same device unlike traditional drug delivery formats such as microspheres and nano particles making it an ideal choice in the future. Also, these fibers can be extruded as co-axial fiber, multi-layered with each layer containing unique drug and polymer combinations. This, in turn, will drive the drug integrated polymer fibers market trends in the coming years.
In addition, biologics and pharma loaded fibers offer unique advantages such as slower drug release rate than similar geometries. With the advancement of wet extrusion technology these fibers are both readily implantable and can maintain positional stability. These biodegradable drug-loaded fibers provide support for arteries and organs through medical dressings and as these fibers dissolve, the drug is delivered to the part where the body exactly needs it.
All these aforementioned factors are likely to contribute notably towards drug integrated polymer fibers market earnings in the near future. However, lack of manufacturing standards possesses a restraint to the market growth.
Global Drug Integrated Polymer Fibers Market: Segmentation
The global drug integrated polymer fibers market can be classified into type and application. Based on the type, the market is sectored into Polylactic acid, Polydioxanone, Polycaprolactone. On the basis of application, the market is divided into Drug Delivery, Orthopedic Sutures, Vascular Stents, Vascular Grafts, and Dermal Wound Healing.
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Global Drug Integrated Polymer Fibers Market: Regional Analysis
Based on regions, the global drug integrated polymer fibers market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America is likely to dominate the drug integrated polymer fibers market in the near future, owing to growing prevalence of obesity and osteoarthritis patients along with higher spending on medical facilities especially in the countries such as the U.S. Firms such as TissueGen Inc. and Micro Engineering Solutions Inc. are the key players in the drug integrated polymer fiber business that are expected to propel the business scope in the coming decade. Furthermore, the rise in the geriatric population and increase in lifestyle-related diseases such as obesity and others will help maintain North America retain its dominance during the forecast period.
Europe drug integrated polymer fibers market size is estimated to grow at a steady rate. Rising demand for the product and awareness about it in the developing countries particularly in Eastern Europe will fuel the growth of drug integrated polymer fibers market.
APAC, LATAM, and MEA are the market with huge growth potential.
Global Drug Integrated Polymer Fibers Market: Competitive Players
Some of the key players in drug integrated polymer fibers market are TissueGen Inc. and Micro Engineering Solutions Inc.
Global Drug Integrated Polymer Fibers Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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Drug Integrated Polymer Fibers Market: Global Industry Analysis, Size, Share, Growth, Trends, 2018–2026: ZMR