Global Medical Polymers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global medical polymers market in its upcoming report titled, “Global Medical Polymers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global medical polymers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical polymers market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Polymer is a large molecule or a macromolecule comprising multiple repetition of units having high relative molecular mass. Medical polymer is a biodegradable plastics or elastomers used in healthcare and medical applications. Medical polymer is available in various forms and is used for medical supports, devices, and implants, owing to less weight and better biocompatibility as compared to ceramics, glass, and metals.
Increasing demand for medical devices and equipment made of medical polymers is a major factor expected to drive growth of the global medical polymers market over the forecast period. In addition, growing demand for medical polymers for implants, due to properties such as chemical inertness and longer fatigue resistance, is another factor projected to fuel growth of the target market during the forecast period.
However, high cost of raw material, may hamper growth of the medical polymers market during the forecast period. In addition, stringent rules and regulation by governing bodies such as U.S. Food and Drug Association (FDA) and European Union (EU), is another factor hampering growth of the target market. Moreover, increasing investment from government in research and development activities, is an opportunity to fuel growth of the target market. Furthermore, increasing demand for biodegradable polymers, is a trend driving growth of the global medical polymers market over the forecast period.
North America medical polymers market contributed for major share in terms of revenue in the global medical polymers market and is expected to dominate the market over the forecast period. The Asia Pacific medical polymers market is estimated to register fastest growth in terms of revenue over the forecast period, owing to increasing demand from the healthcare sector in countries in the region. China and India are projected to account for significant shares in terms of revenue in the Asia Pacific region and is estimated to witness highest CAGR over the forecast period. The medical polymers market in Europe is anticipated to register a moderate growth during the forecast period.
Global Medical Polymers Market Segmentation:
Segmentation On the Basis of Product Type:
- Fibers and Resins
- Medical Elastomers
- Biodegradable Medical Polymers
Segmentation On the Basis of Application:
- Medical Devices and Equipment
- Medical Packaging
- Others (Tissue Engineering and Coronary Stents)
Segmentation On the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Bayer AG
- Celanese Corporation
- Royal DSM N.V.
- The Lubrizol Corporation
- Evonik Industries AG
- Arkema S.A
- DowDuPont Inc.
- Exxon Mobil Corporation
- KRATON CORPORATION
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