Felton - This
report provides in depth study of “Medical Polymers Market” using SWOT
analysis i.e. Strength, Weakness, Opportunities and Threat to the organization.
The Medical Polymers Market report
also provides an in-depth survey of top key players in the market which is
based on the various objectives of an organization such as profiling, the
product outline, the quantity of production, required raw material, and the
financial health of the organization.
Global Medical Polymers Market is expected to reach USD
17.05 billion by 2020. Medical grade polymer materials are an important share
of the contemporary healthcare system. These materials fulfill with world wide
controlling necessities and are precisely manufactured and engineered for
medical use. Their obtainability is sure for a lengthier period than normal
grades. This allows device designers to surely design and stipulates profitable
products for users universally. The medical polymers market is estimated to
grow at a significant CAGR of 8.4% over the future period as the scope and its
applications are rising enormously across the globe.
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High demand for high strength and lightweight plastic
materials, rising demand for plastic materials, and high demand for polymers
from kay manufacturers are documented as major factors of medical polymers
industry that are estimated to enhance the growth in the years to come. Also,
high demand for biodegradable and biocompatible products in medical devices
will boost overall market growth in the upcoming years. However, demand supply
gap and fluctuating prices of products may restrain overall market growth in
the future period. The market is segmented based on product type, application,
and region.
Biodegradable medical polymers, medical resins & fibers,
and medical elastomers are the product types that could be explored in medical
polymers industry over the forecast period. Medical resins & fibers include
polystyrene, polyvinyl chloride, polyethylene, polypropylene, and others. On
the other hand, medical elastomers include rubber latex, styrene block
copolymer, and others.
The fibers and resins sector accounted for the largest
market share of medical polymers market and is estimated to lead the overall
market in the coming years. This may be because of rising use in numerous
applications like hip and joint replacements, spinal implants, and cranial
injuries. In addition, in 2016 the sector accounted for 86.7% of overall
revenue. Moreover, medical elastomers are estimated to grow at fastest pace in
the coming years, as raised replacement of outdated materials like glass,
metals, and ceramics.
The market may be categorized based on applications like
medical packaging, medical equipment & devices, and others that could be
explored in foremost period. The medical equipment & devices sector is
estimated to grow at fastest pace with significant market share in the coming
years. This may be because of growing population, high consumer spending on
healthcare mainly in developed countries, and occurrence of chronic diseases.
Also, medical packaging is projected to grow at highest CAGR of 7.8% in terms
of revenue in the upcoming years, as high demand in pharmaceutical packaging
and designing packaging systems.
The key players of medical polymers industry are Evonik,
Celanese, Eastman Chemical, Covestro, Dow Chemical, Borealis, Victrex, DSM,
Kraton Performance Polymers, DuPont, Huizhou Foryou Medical Devices, and
ExxonMobil. These players are concentrating on inorganic growth to sustain
themselves amongst fierce competition. As such, mergers, acquisitions, and
joint ventures are the need of the hour.
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Major Key Points in
Table of Content
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
13 Price Overview
14 Research Conclusion
Continued….
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