The global medical polymers market size was valued at USD 18.05 billion in 2021 and is poised to grow at a significant CAGR of 9.4% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Medical Polymers Market: By Product Type (Medical Resins & Fibers, Medical Elastomers, Biodegradable Plastics), By Application Type (Medical Devices, Medical Packaging, Pharmaceuticals Grade, Medical Implants, Combination Products, Others) and - Global/Region/Country Forecast to 2028.”
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Growing R&D to develop medical devices is expected to drive the Medical Polymers Market
This Market report on Medical Polymers emphasizes on covering regional market share, historic market, and market size. Latest trends, market fuelling and constraining factors and unmet needs are all discussed in this report which are presently affecting the market growth. Key developments, start-up details and current innovations are also outlined here. It aims at providing plethora of information about regulatory framework, reimbursement scenario and market entry strategies.
The global market report focuses on covering a complete overview on the medical polymers market and classified into different categories on the basis of application and type. The medical polymers market has been classified into Biodegradable Plastics, Medical Resins & Fibers and Medical Elastomers. Among all these segments, the Medical Fibers and Resins are likely to be the biggest and rapidly growing segment on the basis of type. Medical polymers market is categorized into Combination Products, Medical Devices, Medical Implants, Medical Packaging, Pharmaceuticals Grade and others. The Medical Devices sector is anticipated to record the rapidly growing market during the forthcoming years 2022-2028 amid these sectors. Arkema introduced high rigidity Advanced Bio-Circular polyamide 11 medical polymer in November 2021 used for replacing traditional and metal polymers for different medical applications.
There are a few factors projected to impel the medical polymers market over the forthcoming years such as the development of advanced products by the key players and fast growth in packaging and medical devices industry. Furthermore, there are a few more factors expected to bolster the market growth over the assessment period such as growing adoption of biodegradable plastics, increasing healthcare expenditure as well as growing R&D to develop medical devices.
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North America accounts for major share in the Medical Polymers Market
On the basis of regional analysis, the medical polymers market is classified into major regions such as Europe, North America, Latin America, Asia Pacific, Middle East and Africa. Among all these regions, North America got important share in the market.
Competitive Analysis - Medical Polymers Market
A few major players operating in the medical polymers market are BASF SE, DSM N.V, DuPont, Eastman Chemical, Evonik Industries AG, Celanese Corporation and Bayer Material Science AG. These players in the market mainly focus on following key strategies such as mergers, acquisitions, major collaborations and novel product launches to enhance the product portfolio and strengthen their position in the marketplace.
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