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

  • Industry : Chemicals
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Summary

Report Description

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.


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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.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Application

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia;

Key companies profiled

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

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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).

Global Medical Polymers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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

Figures and Tables

Frequently asked questions

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Growing implementation of medical polymers and increasing investment in technological advancement are expected to drive the demand for the Medical Polymers Market in the forecast period.

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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.

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Based on type, the market is divided into Fibers & Resins, Medical Elastomers, Biodegradable Polymers, and Others. The Fibers & Resins segments are expected to capture the highest market share in the forecast period.

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The north America region is dominating the market and is expected to maintain its dominance over the next five years.

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Sakshi Bajaal

Business Consultant
Press Release

Medical Polymers Market to be Dominated by Medical Devices & Components Segment Through 2027

Sep, 2022

Growing implementation of medical polymers and increasing investment in technological advancement are factors to drive the demand for the medical polymer market in the forecast period, 2023-2027.

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