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Asia Pacific Poly(Lactic-Co-Glycolic Acid) (PLGA) Market Research Report 2024-2030

The Asia Pacific Poly(Lactic-Co-Glycolic Acid) (PLGA) market size was valued at US$ 98.6 million in 2024 and is projected to reach US$ 147.2 million by 2030, at a CAGR of 6.9% during the forecast period 2024-2030.
PLGA is a biodegradable copolymer widely used in biomedical applications, particularly in drug delivery systems and tissue engineering, valued for its controllable degradation rate and biocompatibility.
The Asia Pacific PLGA market is experiencing rapid growth, driven by advancements in biomedical research and drug delivery technologies. Japan accounts for 40% of the market, followed by China at 30% and South Korea at 20%. In 2023, drug delivery applications consumed 65% of the total production, with tissue engineering at 25%. The market saw a 15% increase in demand from the oncology sector for targeted drug delivery systems. Key players include Evonik Industries (Germany) and Corbion (Netherlands), holding a combined 45% market share in the region. The industry is investing in high-purity PLGA grades, with a 20% increase in R&D spending on medical-grade polymers in 2023. Challenges include high production costs, limiting widespread adoption in certain applications. Regulatory approvals have been a key driver, with a 25% increase in PLGA-based drug formulations entering clinical trials. The market is benefiting from the growing trend in personalized medicine, with a 18% increase in demand for customized PLGA formulations.

Report Includes

This report is an essential reference for who looks for detailed information on Asia Pacific Poly(Lactic-Co-Glycolic Acid) (PLGA) . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Poly(Lactic-Co-Glycolic Acid) (PLGA) , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

This report aims to provide a comprehensive presentation of the Asia Pacific Poly(Lactic-Co-Glycolic Acid) (PLGA) , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Poly(Lactic-Co-Glycolic Acid) (PLGA) . This report contains market size and forecasts of Poly(Lactic-Co-Glycolic Acid) (PLGA) in Asia Pacific, including the following market information:
We surveyed the Poly(Lactic-Co-Glycolic Acid) (PLGA) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•   China
•   India
•   Japan
•   South Korea
•   Australia
•   Thailand
•   Indonesia

by Products type:

•   PLGA 50:50
•   PLGA 65:35
•   PLGA 75:25
•   PLGA 85:15

by Application:

•   Suture
•   Fracture Fixation
•   Oral Implant
•   Drug Delivery Microsphere
•   Other

key players include: (At least 8-10 companies included)

•   Evonik Industries AG
•   Corbion N.V.
•   PolySciTech (A division of Akina, Inc.)
•   Jinan Daigang Biomaterial Co., Ltd.
•   Anhui Anke Biotechnology (Group) Co., Ltd.
•   Shenzhen Esun Industrial Co., Ltd.
•   Hangzhou Xianhe Plastic Co., Ltd.
•   Shanghai New Shangshang Biomaterial Co., Ltd.
•   Sinopharm International Corporation
•   Durect Corporation

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:
•   Key companies Poly(Lactic-Co-Glycolic Acid) (PLGA) revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
•   Key companies Poly(Lactic-Co-Glycolic Acid) (PLGA) revenues share in Asia Pacific market, 2023 (%)
•   Key companies Poly(Lactic-Co-Glycolic Acid) (PLGA) sales in Asia Pacific market, 2019-2024 (Estimated),
•   Key companies Poly(Lactic-Co-Glycolic Acid) (PLGA) sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:
•   The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
•   The report covers Asia Pacific and country-wise market of Poly(Lactic-Co-Glycolic Acid) (PLGA)
•   It describes present situation, historical background and future forecast
•   Comprehensive data showing Poly(Lactic-Co-Glycolic Acid) (PLGA) capacities, production, consumption, trade statistics, and prices in the recent years are provided
•   The report indicates a wealth of information on Poly(Lactic-Co-Glycolic Acid) (PLGA) manufacturers
•   Poly(Lactic-Co-Glycolic Acid) (PLGA) forecast for next five years, including market volumes and prices is also provided
•   Raw Material Supply and Downstream Consumer Information is also included
•   Any other user's requirements which is feasible for us

Reasons to Purchase this Report:
•   Analyzing the outlook of the market with the recent trends and SWOT analysis
•   Market dynamics scenario, along with growth opportunities of the market in the years to come
•   Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
•   Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
•   Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
•   Distribution Channel sales Analysis by Value
•   Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
•   Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
•   1-year analyst support, along with the data support in excel format.