IMARC Group has recently released a new research study titled "Medical Polymers Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", the global medical polymers market size reached US$ 18.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 30.6 Billion by 2027, exhibiting a growth rate (CAGR) of 8.33% during 2022-2027.
Market Outlook:
Medical polymers are biocompatible clinical-grade synthetic materials or elastomers predominantly made from monomers, including ethylene, polycarbonate, propylene, caprolactam, silica stone (SiO2), and corn starch. They offer adaptability, strength, biodegradability, solidness, versatility, sterilization stability, cost-effectiveness, fatigue, and heat and chemical resistance. Medical polymers form an essential part of the modern healthcare system by complying with global regulatory requirements and are specifically engineered for medical use. Some of these applications include manufacturing equipment, medication packaging, dental or orthopedic implants, and multiple disposables while also ensuring their optimal safety.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/medical-polymers-market/requestsample
Market Trends:
With the increasing prevalence of various chronic disorders, there has been a rising need for personal protective equipment (PPE) and disposable masks, especially during the COVID-19 pandemic, which is majorly driving the medical polymers market growth. Moreover, the shifting inclination of manufacturers toward high-quality polymers over conventional materials, owing to their multiple benefits, including low weight, better friction reduction, and malleability, is impelling the medical polymers market growth.
Additionally, the extensive usage of biodegradable medical polymers in the healthcare sector to manufacture polymeric biomaterials for organ transplantation is propelling the market growth. This is further supported by the advent of robotic assistance and three-dimensional (3D) printing solutions that help compose implants and prosthetics with greater accuracy and compatibility. Apart from this, significant enhancements in the healthcare sector and the launch of innovative product variants by key players are contributing to the market growth.
Major Players Covered:
- BASF SE
- Celanese Corporation
- Covestro AG
- DuPont
- Eastman Chemical Company
- Evonik Industries AG
- Exxon Mobil Corporation
- Huizhou Foryou Medical Device Co. Ltd.
- Kraton Corporation
- Solvay S.A.
Report Segmentation:
Based on Product Type:
- Medical Resins and Fibers
- Medical Elastomers
- Biodegradable Medical Polymers
Based on Application:
- Medical Equipment and Devices
- Medical Packaging
- Others
Geographical Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3874&flag=C
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
