The Medical Polymers Global Market Report 2023, provides comprehensive information on the medical polymers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global medical polymers market size is expected to reach $32.38 billion in 2027 at a CAGR of 9.7%
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Innovation in medical polymer material is a key trend gaining popularity in the medical polymer market. Companies operating in the medical polymer market are developing innovative medical polymer materials to sustain their position in the market. For instance, in November 2021, Arkema SA, a France-based manufacturer of specialty materials, announced the launch of Advanced Bio-Circular Polyamide 11 medical polymer. This new high-rigidity material offers an amalgamation of features in terms of physical performance, lightweight, and sustainability. It is intended to replace metal and traditional polymers in medical and healthcare applications. The new Rilsan MED polyamide 11 grade, which has a high glass fiber content (65%), has a tensile modulus of 18.5GPa, making it a perfect candidate to replace metal in the production of extremely demanding surgical equipment.
The medical polymers market is segmented:
1) By Product: Fibers And Resins, Medical Elastomers, Biodegradable Polymers, Other Products
2) By Application: Medical Components, Orthopedic Soft Goods, Wound Care, Cleanroom Supplies, BioPharm Devices, Other Applications
3) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Research And Academic Institutes, Other End-Users
North America was the largest region in the medical polymers market in 2022.
The table of contents in TBRC’s medical polymers market report includes:
1. Executive Summary
2. Medical Polymers Market Characteristics
3. Medical Polymers Market Trends And Strategies
4. Medical Polymers Market – Macro Economic Scenario
5. Medical Polymers Market Size And Growth
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26. Africa Medical Polymers Market
27. Medical Polymers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Polymers Market
29. Medical Polymers Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Arkema S.A
- BASF SE
- Celanese Corporation
- Covestro AG
- Eastman Chemical Company
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