New York, NY, Sept. 10, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Medical Polymers Market By Product Type (Medical Resins & Fibers, Medical Elastomers, Biodegradable Plastics), By Application (Medical Equipment & Devices, Medical Packaging, Others), By Regional Analysis (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2026”.
“According to the recent research report, the demand of global Medical Polymers Market size & share expected to reach to USD 28,290 Million by 2026 from USD 16,500 Million in 2020, at a compound annual growth rate (CAGR) of 9.40% during the forecast period 2021 to 2026”
Global Medical Polymers Market: Overview
A polymer is a big molecule or macromolecule made up of numerous repetitions of high-relative-molecular-mass units. A biodegradable plastic or elastomer utilized in healthcare and medical applications is known as a medical polymer. Medical polymer comes in a variety of forms and is utilized for medical supports, devices, and implants because it is lighter and more biocompatible than ceramics, glass, or metals. In the medical sector, medical polymers are used for a range of human contact and non-contact applications. medical implants, gadgets, disposables (gloves, vials, instruments), and packaging are all made out of these materials.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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- 225+ Pages Research Report (Inclusion of Updated Research)
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- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- BASF SE
- Bayer Material Science AG
- Celanese Corporation
- Colorite Compounds
- DSM N.V.
- E. I. du Pont de Nemours Company
- Eastman Chemical
- Evonik Industries AG
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- Huizhou Foryou Medical Device Co. Ltd.
- Kraton Performance Polymers Inc.
- Shanghai New Shanghua Polymer Material Co. Ltd
- Sinopec Beijing Yanshan Company
- The Dow Chemical Company
- Tianjin Plastics Research Institute Co. Ltd.
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Key questions answered in this report:
- What is the projected market size & growth rate of the Medical Polymers Market?
- What are the key driving factors for the growth of the Medical Polymers Market?
- What are the top companies operative in Medical Polymers Market?
- What segments are covered in Medical Polymers Market?
- How can I get free sample report/company profiles of the Medical Polymers Market?
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The growing demand for the manufacturing of medical devices is likely to be a major driver driving the worldwide medical polymers market structure within the projected period. The worldwide medical polymer market will expand due to an increase in the use of medical polymers due to their low costs and adaptability, as well as an increase in the sales of medical implants and devices throughout the world. Medical polymers are projected to see increased demand in the manufacture of medical devices and equipment, as well as medical packaging. Medical polymers, often known as medical-grade polymers, are synthetic materials classified as elastomers, fibers, and resins. Medical polymers are used in medical plastics, medical equipment, and packaging as additives and fillers. The demand for medical polymers is projected to skyrocket due to the growing demand to combat the COVID-19 pandemic crisis throughout the world. The market is expected to be favorably influenced by the growing demand for medical packaging goods for COVID-19.Raw material price volatility and crude oil price volatility, on the other hand, might have an influence on market growth.
Medical Polymers Market: Growth Factors
One of the major drivers of medical polymer demand is the growing need for swabs, medical gadgets, disposable masks, and personal protective equipment (PPE) to identify and treat people with coronavirus illness (COVID-19). Aside from that, the rising incidence of infectious, chronic, cardiovascular, and other chronic illnesses is driving the use of sophisticated medical devices, resulting in market growth. In addition, many countries’ governments are funding medical research and development (R&D) programs in order to improve healthcare infrastructure. Aside from that, the market is being driven by the rising demand for organ transplantation due to the expanding elderly population and the rising incidence of accidents. Besides, the growing popularity of home healthcare services and the developing trend of medical tourism are boosting the market growth. Medical polymers are expected to be used more in orthopedic stabilizing materials and vascular stents as the main market players focus on producing novel and advanced biopolymers. Increased R&D investment for biodegradable plastics, together with application development by market participants, is expected to boost market growth prospects.
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Global Medical Polymers Market: Report Scope
|Market Size 2020 Value||USD 16,500 Million|
|Market Forecast for 2026||USD 28,290 Million|
|Expected CAGR Growth||CAGR 9.40% from 2021-2026|
|Top Market Players||BASF SE, Bayer Material Science AG, Celanese Corporation, Colorite Compounds, DowDuPont, DSM N.V., E. I. du Pont de Nemours Company, and Others|
|Segments Covered||Product Type, Application, and Region|
|Geographies Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Pricing Options||Request customized purchase options to meet your research needs. Explore purchase options|
Global Medical Polymers Market: Segmentations
The global medical polymers market is segregated based on product type, application, and region. Based on product type, the global medical polymers industry is categorized into medical resins & fibers, medical elastomers, and biodegradable plastics. In 2020, the fiber and resin category accounted largest market share 74% and is expected to expand significantly during the projection period. The increasing need for sanitary, durable, and comparatively lightweight materials is projected to fuel the expansion of the thermoplastics market in the medical industry in emerging countries such as China and India in the coming years. Fibers and resins, such as PVC and PP, account for the bulk of the market due to their wide variety of applications in medical devices and equipment. The growing need for new and complex medical equipment, along with an older population and the growth of the home healthcare sector, has resulted in unusually high penetration of these medical polymers.
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Global Medical Polymers Market: Regional Analysis
North America is projected to dominate global medical polymers market growth
In terms of production and consumption, North America has accounted for the largest market share around 40.0% for medical polymers in the worldwide market in 2020. The expansion of the medical device manufacturing industry as a consequence of the rising need for improved healthcare facilities, the rise of the home health care devices market, and the aging population have all contributed to the regional market’s remarkable growth. Because of improvements in medical technology and a growth in demand for more sophisticated medical devices, the United States accounts for the majority of regional demand and is a significant consumer of medical polymers. The rising demand from end-use applications such as medical equipment & devices, and medical packaging are driving the product market. It is predicted that the Asia Pacific and European markets would develop steadily throughout the projection period after following the market in North America.
Browse the full report “Medical Polymers Market By Product Type (Medical Resins & Fibers, Medical Elastomers, Biodegradable Plastics), By Application (Medical Equipment & Devices, Medical Packaging, Others), By Regional Analysis (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/medical-polymers-market
The global medical polymers market is segmented as follows:
By Product Type:
- Medical Resins & Fibers
- Polyvinyl Chloride
- Medical Elastomers
- Styrene Block Co-polymer
- Rubber Latex
- Biodegradable Plastics
- Medical Equipment & Devices
- Medical Packaging
Key Highlights of this Report:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
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