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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.
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