Medical polymers are the communal term utilized in dissimilar contexts in healthcare and medical application for biodegradable plastic, elastomers likewise thermoplastic elastomers, and natural & polymers such as resins and fibers. Polymers are a proficient part of the healthcare system owing to better biocompatibility, low cost, and less weight. Polymers are lengthily employed in the medical industry comprising surgical instruments, catheters, implants, accessories, and diagnostic systems. Medical polymers are majorly utilized to produce facial implants, vascular grafts, dental implants, intraocular lenses, contact lenses, prosthetic heart valves, vascular skin implants, and breast implants.
According to the report analysis, ‘Medical Polymers Market by Product Type (Medical resins and fibers, Medical elastomers, Biodegradable plastics and Other); By Application (Medical Devices & Equipment and Medical Packaging); and Region – Global Analysis of Market Size, Share & Trends for 2019– 2020 and Forecasts to 2030’ states that mounting adoption of polymers for implants is propelling the growth of the worldwide Medical Polymers market. Other aspects that are influencing the growth of the market comprise escalating requirement for lightweight, high-strength plastic materials and improvement in polymers and composites engaged in components such as surgical instrument handle, syringes, and catheters. In addition, continuously increasing requirement for pharmaceutical devices is underwriting in the growth of medical polymers market.
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Constantly increasing requirement for pharmaceutical devices is the foremost factor propelling the global medical polymers market. The improvement of innovative medical devices, increasing prevalence of cardiovascular diseases, growing occurrences of infections and several other diseases, and increasing general awareness is boosting the pharmaceutical device industry. This in turn is projected to augment the growth of medical polymers market. Currently polyetherimide, polyphenylsulfone, polysulfone, and polyether ether ketone are lengthily used for numerous applications in the pharmaceutical device market.
Global Medical Polymers: Key Players: –
- BASF SE
- Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Bayer Material Science AG
- Celanese Corporation
- DSM N.V.
- E. I. du Pont de Nemours Company
- Eastman Chemical
- Evonik Industries AG
- Exxon Mobil Corporation
- The Dow Chemical Company
- Huizhou Foryou Medical Device Co. Ltd.
- Kraton Performance Polymers Inc.
- Other Prominent Players
Furthermore, over the last few years, polymers are obtaining the popularity in medical sector owing to the improvements in the engineering plastics, such as PEEK, PMMA, PET, and ABS. These plastics are ideal to utilize in medical appliances and devices since they meet protection requirements. Engineering plastics used as medical polymers can match the constancy, durability, structural strength, formability, and motionlessness of ceramics and metals as being more resource-effective and lighter. Besides medical polymers are obtainable at cheap prices as associated to other substitutes comprising metals, glass, and ceramics. In addition, medical polymers find their application in packaging also due to lightweight, durability, cost-effectiveness, and transparency which is boosting the requirement for medical polymers.
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Global Medical Polymers Market
Global Medical Polymers is sectored based on regional analysis into five foremost regions. These comprise North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global Medical Polymers in North America controlled the largest market share during the year 2019. North America will continue to register the global Medical Polymers due to increasing healthcare expenditure and the growing awareness about health and fitness amongst consumers. Besides, increasing occurrence of chronic diseases and growing geriatric population in the region is anticipated to proliferate the Medical Polymers market. Furthermore, flourishing pharmaceutical packaging industry in the region and growing number of spinal implants comprises regional market growth.
Global Medical Polymers report also contains analysis on:
Medical Polymers Segments:
- By Product Type
- Medical resins and fibres
- Medical elastomers
- Biodegradable plastics
- Other
- By Application
- Medical Devices & Equipment
- Medical Packaging
- Medical Polymers Dynamics
- Medical Polymers Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Related Report: –
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