Medical Polymer Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-295 | Report Format : | Status : Upcoming |

Abstract

The process of repetitive chemical bonding of monomers into long chains is called a polymer. Plastic and elastomers are made up polymers. The plastic materials which are applicable for medical, health and wellness are medical polymers. Their high efficient qualities such as biocompatibility, low-mass, and hydrophilic nature are the advantages offered by the medical polymers. Medical polymers are widely used for joint replacements, spinal implants, and cranial injuries.

However, the medical polymer market is broadly segmented under the types of material used for the composition as resin and fibers, elastomers, and biodegradable plastics. Further, the resin and fibers segment is sub-segmented as polyvinyl chloride (PVC), polypropylene (PP), polyethylene (PE), polystyrene (PS), and other thermoplastics. Elastomers are segmented as styrenic block copolymer (SBC) and rubber latex. Based on the end-user application, the medical polymer is segmented as medical devices and equipment, packaging, and tissue engineering.

Demand for certain packaging methods including blood bags, syringes, and others is expected to foster the global medical polymer market. Rising aged population and their need for medication may support the growth of the global market. Increased awareness of surgeries in people and technologically improved medical facilities may surge the medical polymer market in the near future. Factors such as rapid technological development and investors significantly focusing on research in order to develop advanced products for high-performance and flexibility, resulting in the development of reliable products, are the key factors boosting the growth the global medical polymer market. Applications such as cardio implants and devices and tissue engineering may surge the growth of the global market in the near future. In addition, the awareness of using biodegradable materials in various applications may propel the global market growth. Factors such as light weight, low cost, handy, and miniature devices in the healthcare industry and consumer’s preference may augment the global market growth. Moreover, rising demand by various end-user segments is also one of the major factors for the lucrative growth of the medical polymer industry. However, varying rates of the raw materials may hamper the growth of the global medical polymer market in the near future.

North America is the largest market for medical polymers and is expected to dominate the market over the forecast period, owing to rising demand for medical implants and surgeries. Furthermore, owing to rising population and developed medical facilities, Asia Pacific is also projected to witness a rapid growth in the market.

Some of the major companies dominating the global medical polymer market are BASF SE, Bayer AG, Kraton Performance Polymers Inc., Eastman Chemicals, SABIC Innovative Plastics, and The Dow Chemical Company. Other key companies influencing the global market are Evonik Industries, Tianjin Plastics Research Institute Co. Ltd, Victrex, and Lubrizol Corporation.

Medical Polymer Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

Related Reports

Glutamic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2483 | Report Format:

Glutamic Acid Market: Overview The alternative name for the glutamic acid is proteinogenic amino acid. It is generally used in several protein compounds. They are found in the cereals, certain type of algae, meat, and soy protein. It is used in the processed food products for improving the flavo...Read More

Animal Parasiticide Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2479 | Report Format:

Animal Parasiticide Market: Overview The animal parasiticide is influenced by the government initiatives that are taken and the growing number of the animal welfare programs. The animal parasiticide is also alternatively known as a veterinary parasiticide. They are the products that destroy the ...Read More

Sulfamic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2469 | Report Format:

Sulfamic Acid Market: Overview There are many alternative names for the sulfamic acid which include amidosulfonic acid, aminosulfonic, amidosulfuric acid, and sulfamidic acid. The chemical formula of the sulfamic acid is H3NSO3. It is a colorless compound and is water soluble in nature. Sulfam...Read More

Process Pipe Coating Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2455 | Report Format:

Process Pipe Coating Market: Overview The pipe coating is done for protecting the pipes from abrasion and corrosion and they consist of protective materials. The pipe coatings are essential as they protect the pipes from adverse environmental conditions such as ultraviolet rays, carbon dioxide, ...Read More

Bio Based Paraxylene Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2444 | Report Format:

Bio-Based Paraxylene Market: Overview The making of the bio-based paraxylene includes the use of the renewable raw materials such as starch, glucose, vegetable oils, and cellulose. The benefit of using such type of raw materials is they can be recycled and can be reused. There is an increasing u...Read More

Choose License Type:
Latest Published Reports

View All Published Reports