Global Medical Polymers, Elastomers Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2020

In order to study the various trends and patterns prevailing in the overall market for Medical Polymers, Market Research Reports Search Engine (MRRSE) has included a new report titled “Medical Polymers Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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A recently released report from MRRSE forecasts that the global medical polymers market will grow at a CAGR of 8.3% between 2014 and 2020. MRRSE, a market intelligence firm based in the U.S., states that the global medical polymers market will reach a value of US$17.13 billion by 2020, from US$9.80 billion in 2013. The report, titled ‘Medical Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, is available for sale on the company website. According to this market research report, factors such as rising consumer awareness, developments in the area of polymer science, and a rapidly growing global population play a key role in the growth of the global medical polymers market. The demand for medical polymers has been on the rise owing to their widespread application as substitutes for glass and metal in the production of medical equipment and devices.

With the passage of time, the demand for medical polymers is anticipated to increase. Greater preference for home healthcare treatments and a growing geriatric population also boosts the demand for medical polymers. The MRRSE report segments the global medical polymers market on the basis of product types, application, and geography. Biodegradable plastics, medical elastomers, and fibers and resins are the key types of products that dominate the global medical polymers market. In 2013, the segment of fibers and resins held the largest share in the overall market. The biodegradable plastics market is expected to grow robustly during the forecast period.

The demand for biocompatible materials is likely to gain momentum in the forthcoming years owing to their increasing applicability in implants. Application-wise, the global medical polymers market is categorized into medical packaging, medical devices and equipment, and others.

The medical polymers market has been segmented based on types of products, applications and geographies. All product segments have been analyzed and forecast based on volume (kilo tons) and revenue (USD million) for the period ranging from 2014 to 2020. Application segments have been analyzed and forecast based on current trends on the global and regional level from 2014 to 2020. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World. Analysis and forecast is based on current trends and ranges over a period from 2014 to 2020.

Detailed profiles of leading companies are covered in the report along with an analysis of their market share. Leading companies in the market include BASF SE, Bayer MaterialScience AG, E. I. du Pont de Nemours Company, Eastman Chemical Company, The Dow Chemical Company, Kraton Performance Polymers Inc., Formosa Plastics Corporation, U.S.A., SABIC Innovative Plastics and Victrex Plc. Company profiles include attributes such as company overview, financial overview, business strategies and recent developments.

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The market has been segmented as below:

Medical Polymers Market - Product Segment Analysis

Medical resins and fibers
Polyvinyl chloride (PVC)
Polypropylene (PP)
Polyethylene (PE)
Polystyrene (PS)
Others (Including engineering thermoplastics such as ABS, PC and PET)

Medical elastomers
Styrenic block copolymer (SBC)
Rubber latex
Others (Including TPU, TPV and TPO)

Biodegradable plastics

Medical Polymers Market - Application Analysis

Medical devices and equipment
Medical packaging
Others (Including tissue engineering and cardio stents)

Medical Polymers Market - Regional Analysis

North America
Europe
Asia Pacific
Rest of the World (RoW) 

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This release was published on openPR.