Global Medical Polymers Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global medical polymers market size is expected to grow from $20.28 billion in 2022 to $22.31 billion in 2023 at a compound annual growth rate (CAGR) of 10%. The global medical polymers market size is expected to reach $32.38 billion in 2027 at a CAGR of 9.7%.
What will drive the medical polymers market?
The rising demand for medical devices is likely to fuel the expansion of the medical polymer market in the coming years.
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Who are the major players in the market?
Major Market Players in the medical polymers market include Arkema S.A., BASF SE, Celanese Corporation, Covestro AG, Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation.
Which trend is gaining popularity in the medical polymers market?
Medical polymer material innovation is a key trend that is gaining traction in the medical polymer market. Companies in the medical polymer industry are producing revolutionary medical polymer materials to maintain their market position.
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How is the medical polymers market segmented?
Global Medical Polymers Market Segments Include:
- By Product: Fibers And Resins, Medical Elastomers, Biodegradable Polymers, Other Products
- By Application: Medical Components, Orthopedic Soft Goods, Wound Care, Cleanroom Supplies, BioPharm Devices, Other Applications
- By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Research And Academic Institutes, Other End-Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global medical polymers market in 2021.
The Medical Polymers Global Market Report 2023 provides an overview of the medical polymers market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The medical polymers market forecast analyzes medical polymers market size, medical polymers market share, leading competitor and their market positions.
A medical polymer is a chemical compound composed of molecules connected in long, repeated chains. Their particular characteristics enable them to be customised for a wide range of medicinal purposes. These are specifically designed to meet the needs of the healthcare industry, such as biocompatibility, stability, and resistance to various environmental variables.
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