Medical Polymers Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 By Type (Fibers & Resins, Medical Elastomers, Biodegradable Polymers, and Others), By Application (Medical Device Packaging, Medical Devices & Components, Orthopedic Soft Goods, Wound Care, Cleanroom Supplies, Mobility Aids, Others), By Company and By Region

November 2022 | 114 pages | ID: M050745CEE3DEN
TechSci Research

Abstracts

Global medical polymers market is anticipated to grow at an impressive rate through 2027. Medical polymers are synthetic materials structured as elastomer, filament, and sap. Clinical polymers are used as a protective material in clinical segment packaging and clinical device manufacturing. These polymers contain many functional mechanisms such as elastomeric fibers, polyethylene glycol, plastics, rubber microparticles, polyethylene Teflon, rubber powder, resins, thermoform, silicone, nylon, cement, and rubber composites. According to the global medical polymer market in 2021, the medical market plastic market will be around 22.8 billion US dollars in 2019 and is expected to reach 32 billion US dollars in 2024. Hence, the demand for medical polymers will increase to fulfill the increasing population need.

Apart from this, government initiatives around the world to make their population healthier are factors influencing market growth. The increase in the population and medical cases led to increased demand for the product. Thus, the Global Medical Polymers Market is expected to rise in market share in the projected year.

Growing Adoption of Medical Polymers Around the Globe is Driving the Market

As the population rises, the demand for medical appliances and treatment is increasing within the market to make the population healthier. There are many hospitals where treatment activities are practiced worldwide to ensure successful medical recovery. The North American region is expected to dominate the market due to its awareness program and people's concern towards women's healthcare. The healthcare market's growth directly impacts the medical polymer market and leads to an increase in demand for the medical polymer.

As the population rises, more patients require medical supervision or treatment. The Statista report state that almost 1353.5 million users are expected to reach in the year 2025 and the average revenue per patient is expected to amount to 57.33 USD. Thus, the growing population will indirectly influence the growth of medical polymers.

There are drastic changes in the lifestyle of people due to urbanization and modernization. Various efforts are going on worldwide to make devices more compactable and feasible. Many companies are keenly interested in the segment as it lies in the healthcare sector and affects everyone's lives. Resins such as PEEK and PE are ultrahigh molecular weight polyethylene with large market sizes. PEEK and PE is one of the most preferred compounds used for making medical product for treatment due to their structural strength, biocompatibility, bio-inertness, and commercial viability. Surgical gloves, syringes, insulin pens, IV tubes, catheters, and inflatable splits are products used for medical purposes. Thus, the versatile use for different purposes, technological advancement, favorable government policies, and the marketer's effort will impact the market's growth. The global medical polymer market is expected to increase in the forecasted year.

Fluctuation in price is Hindering the Market Growth.

Synthetic polymers can be toxic chemicals if not handled safely and appropriately. It can affect the health of human beings due to an obstruction with rest-monomers, degradation products, and additives to biochemical pathways. Thus, the side effect of medical polymer is expected to hinder the market growth. Due to changes in global relations and war, there are considerable differences in demand and supply quantities leading to the fluctuation in prices. But marketers use many alternate practices to lower the disturbance's effect.

Increasing Efforts for Technological Development Pushing the Growth

Ongoing research and development operation worldwide is driving it to sustainable development to ensure optimum and sensible use of the resources. Growing technological advancements make the manufacturer concerned about market value growth. There is a rise in the receiving funding for better development and enhancement of product from the government, and the different source is strengthening the market growth. For example, Celanese corporation announced to receive a grant award to develop a long-lasting and refillable drug delivery system in august 2022.

Market Segmentation

The Global Medical Polymers Market is segmented based on type, and application. Based on type, market is divided into Fibers & Resins, Medical Elastomers, Biodegradable Polymers, and Others. Based on application, market is divided into medical device packaging, medical devices & components, orthopedic soft goods, wound care, cleanroom supplies, mobility aids, and others.

Market Players

BASF SE, Celanese Corporation, Dow Chemical Company, Eastman Chemical Corporation, Evonik Industries AG, Eastman Chemical Corporation, Evonik Industries AG, Kraton Corporation, Trinseo SA, Covestro AG are the key players operating in the Global Medical Polymers Market.

Report Scope:

In this report, Global Medical Polymers Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Medical Polymers Market, By type:
• Fibers & Resins
• Medical Elastomers
• Biodegradable Polymers
• Others
• Medical Polymers Market, By application:
• Medical Device Packaging
• Medical Devices & Components
• Orthopedic Soft Goods
• Wound Care
• Cleanroom Supplies
• Mobility Aids
• Others
• Medical Polymers Market, By region:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Europe & CIS
• Germany
• France
• United Kingdom
• Spain
• Italy
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Medical Polymers Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. IMPACT OF COVID-19 ON GLOBAL MEDICAL POLYMERS MARKET

5. IMPACT OF RUSSIA-UKRAINE WAR ON GLOBAL MEDICAL POLYMERS MARKET

6. VOICE OF CUSTOMER

7. GLOBAL MEDICAL POLYMERS MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Type (Fibres & Resins, Medical Elastomers, Biodegradable Polymers, Others)
  7.2.2. By Application (Medical Device Packaging, Medical Devices & Components, Orthopedic Soft Goods, Wound Care, Cleanroom Supplies, Mobility Aids, Others)
  7.2.3. By Company (2021)
  7.2.4. By Region
7.3. Product Market Map

8. NORTH AMERICA MEDICAL POLYMERS MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Application
  8.2.3. By Country
8.3. North America: Country Analysis
  8.3.1. United States Medical Polymers Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value & Volume
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Type
      8.3.1.2.2. By Application
  8.3.2. Mexico Medical Polymers Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value & Volume
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Type
      8.3.2.2.2. By Application
  8.3.3. Canada Medical Polymers Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value & Volume
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Type
      8.3.3.2.2. By Application

9. EUROPE MEDICAL POLYMERS MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Application
  9.2.3. By Country
9.3. Europe: Country Analysis
  9.3.1. France Medical Polymers Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value & Volume
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Type
      9.3.1.2.2. By Application
  9.3.2. Germany Medical Polymers Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value & Volume
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Type
      9.3.2.2.2. By Application
  9.3.3. United Kingdom Medical Polymers Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value & Volume
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Type
      9.3.3.2.2. By Application
  9.3.4. Italy Medical Polymers Market Outlook
    9.3.4.1. Market Size & Forecast
      9.3.4.1.1. By Value & Volume
    9.3.4.2. Market Share & Forecast
      9.3.4.2.1. By Type
      9.3.4.2.2. By Application
  9.3.5. Spain Medical Polymers Market Outlook
    9.3.5.1. Market Size & Forecast
      9.3.5.1.1. By Value & Volume
    9.3.5.2. Market Share & Forecast
      9.3.5.2.1. By Type
      9.3.5.2.2. By Application

10. ASIA-PACIFIC MEDICAL POLYMERS MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By Application
  10.2.3. By Country
10.3. Asia-Pacific: Country Analysis
  10.3.1. China Medical Polymers Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value & Volume
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Type
      10.3.1.2.2. By Application
  10.3.2. India Medical Polymers Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value & Volume
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Type
      10.3.2.2.2. By Application
  10.3.3. South Korea Medical Polymers Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value & Volume
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Type
      10.3.3.2.2. By Application
  10.3.4. Japan Medical Polymers Market Outlook
    10.3.4.1. Market Size & Forecast
      10.3.4.1.1. By Value & Volume
    10.3.4.2. Market Share & Forecast
      10.3.4.2.1. By Type
      10.3.4.2.2. By Application
  10.3.5. Australia Medical Polymers Market Outlook
    10.3.5.1. Market Size & Forecast
      10.3.5.1.1. By Value & Volume
    10.3.5.2. Market Share & Forecast
      10.3.5.2.1. By Type
      10.3.5.2.2. By Application

11. SOUTH AMERICA MEDICAL POLYMERS MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value & Volume
11.2. Market Share & Forecast
  11.2.1. By Type
  11.2.2. By Application
  11.2.3. By Country
11.3. South America: Country Analysis
  11.3.1. Brazil Medical Polymers Market Outlook
    11.3.1.1. Market Size & Forecast
      11.3.1.1.1. By Value & Volume
    11.3.1.2. Market Share & Forecast
      11.3.1.2.1. By Type
      11.3.1.2.2. By Application
  11.3.2. Argentina Medical Polymers Market Outlook
    11.3.2.1. Market Size & Forecast
      11.3.2.1.1. By Value & Volume
    11.3.2.2. Market Share & Forecast
      11.3.2.2.1. By Type
      11.3.2.2.2. By Application
  11.3.3. Colombia Medical Polymers Market Outlook
    11.3.3.1. Market Size & Forecast
      11.3.3.1.1. By Value & Volume
    11.3.3.2. Market Share & Forecast
      11.3.3.2.1. By Type
      11.3.3.2.2. By Application

12. MIDDLE EAST AND AFRICA MEDICAL POLYMERS MARKET OUTLOOK

12.1. Market Size & Forecast
  12.1.1. By Value & Volume
12.2. Market Share & Forecast
  12.2.1. By Type
  12.2.2. By Application
  12.2.3. By Country
12.3. MEA: Country Analysis
  12.3.1. South Africa Medical Polymers Market Outlook
    12.3.1.1. Market Size & Forecast
      12.3.1.1.1. By Value & Volume
    12.3.1.2. Market Share & Forecast
      12.3.1.2.1. By Type
      12.3.1.2.2. By Application
  12.3.2. Saudi Arabia Medical Polymers Market Outlook
    12.3.2.1. Market Size & Forecast
      12.3.2.1.1. By Value & Volume
    12.3.2.2. Market Share & Forecast
      12.3.2.2.1. By Type
      12.3.2.2.2. By Application
  12.3.3. UAE Medical Polymers Market Outlook
    12.3.3.1. Market Size & Forecast
      12.3.3.1.1. By Value & Volume
    12.3.3.2. Market Share & Forecast
      12.3.3.2.1. By Type
      12.3.3.2.2. By Application
  12.3.4. Egypt Medical Polymers Market Outlook
    12.3.4.1. Market Size & Forecast
      12.3.4.1.1. By Value & Volume
    12.3.4.2. Market Share & Forecast
      12.3.4.2.1. By Type
      12.3.4.2.2. By Application
  12.3.5. Turkey Medical Polymers Market Outlook
    12.3.5.1. Market Size & Forecast
      12.3.5.1.1. By Value & Volume
    12.3.5.2. Market Share & Forecast
      12.3.5.2.1. By Type
      12.3.5.2.2. By Application

13. MARKET DYNAMICS

13.1. Drivers
13.2. Challenges

14. MARKET TRENDS & DEVELOPMENTS

15. COMPETITIVE LANDSCAPE

15.1. BASF SE
15.2. Celanese Corporation
15.3. Dow Chemical Company
15.4. Eastman Chemical Corporation
15.5. Evonik Industries AG
15.6. Eastman Chemical Corporation
15.7. Evonik Industries AG
15.8. KRATON CORPORATION
15.9. Trinseo SA
15.10. Covestro AG

16. STRATEGIC RECOMMENDATIONS