Global Medical Polymers Market, By Product Type (Fibers and Resins, Medical Elastomers, Biodegradable Medical Polymers), Application (Medical Devices & Equipment, Medical Packaging), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Medical Polymers Market
Medical polymers market will grow at a rate of 8.50% for the forecast period of 2021 to 2028. Increasing demand for medical devices and equipment made of medical polymers is an essential factor driving the medical polymers market.
Polymer is defined as a large molecule or a macromolecule which comprises of multiple repetition of units having high relative molecular mass. It is an elastomers or biodegradable plastics which is used in healthcare and medical applications. Medical polymer has wide availability in numerous forms and is used for devices, medical supports, and implants, due to less weight and better biocompatibility as compared to ceramics, glass, and metals.
Rising demand for medical polymers for implants, owing to properties such as chemical inertness and longer fatigue resistance is the major factor escalating the market growth, also increasing demand from the healthcare sector, increasing adoption of polymers for implants due to chemical inertness and superior fatigue resistance, increasing demand for polymers, on account of being a key component in the manufacturing of medical devices and equipment and packaging and rising demand for plastic materials in innovations such as plastic surgery, body implants, and orthopedic surgery are the major factors among others propelling the growth of medical polymers market. Moreover, rising research and development activities to develop advanced plastics and increasing development of patient-specific implants and 3D printed devices will further create new opportunities for the medical polymers market in the in the forecast period of 2021- 2028.
However, high cost of raw material and rising stringent rules and regulation by governing bodies such as U.S. Food and Drug Association (FDA) and European Union are the major factors among others restraining the market growth, while rising waste management concerns will further challenge the growth of medical polymers market.
This medical polymers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on medical polymers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Polymers Market Scope and Market Size
Medical polymers market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the vegetable parchment paper market is segmented into fibers and resins, medical elastomers and biodegradable medical polymers.
- The medical polymers market is also segmented on the basis of application into medical devices & equipment and medical packaging.
Medical Polymers Market Country Level Analysis
Medical polymers market is analysed and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the medical polymers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates medical polymers market due to increasing demand from the healthcare sector, rising adoption of polymers for implants due to chemical inertness and superior fatigue resistance, increasing demand for polymers, on account of being a key component in the manufacturing of medical devices and equipment and packaging and rising demand for medical devices and equipment made of medical polymers in this region. Asia-Pacific and Europe is the expected region in terms of growth in medical polymers market due to increasing demand for medical polymers for implants, owing to properties such as chemical inertness and longer fatigue resistance, rising research and development activities to develop advanced plastics and increasing development of patient-specific implants and 3D printed devices in this region.
The country section of the medical polymers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Medical Polymers Market Share Analysis
Medical polymers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical polymers market.
The major players covered in the medical polymers market report are BASF SE, Bayer AG, DSM, Celanese Corporation, DuPont, Eastman Chemical Company or its subsidiaries, Evonik Industries, Exxon Mobil Corporation, Foryou Medical, KRATON CORPORATION, Messe Düsseldorf GmbH, Formosa Plastics Corporation, U.S.A, Shanghai New Shanghua Polymer Material Co.,Ltd, Ningbo Yonghua Resin Co., Ltd, China Petroleum & Chemical Corporation., SABIC, The Lubrizol Corporation, Victrex plc, China Haohua Chemical Group Co.,Ltd, Weigao Holding Co Ltd and Solvay among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.