Press release
PMMA Healthcare Market 2024 Key Players The Dow Chemical Company, PolyOne, Lucite International, Arkema, Mitsubishi Rayon Cleansui, CHI MEI MEDICAL CENTER, Sumitomo Chemical
PMMA (Polymethyl Methacrylate) market from healthcare applications should generate revenue exceeding USD 235 million by 2024, according to new research report.
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Shifting trends towards substituting medical based conventional polymers such as PVC and polycarbonate with high quality and non-toxic polymers should drive PMMA market in medical and healthcare industry. Increase in medical expenses and rise in medical device sales should propel product demand. Raw material sourcing risk and price fluctuations coupled with exchange rate risk may hamper product demand.
Continuous product development and increased emphasis on product innovation in healthcare industry by players to edge out other participants should catalyze PMMA market growth. Government intervention through agencies like REACH and FDA on usage of plastics and polymers, to safeguard consumer’s interest should propel product demand.
Growing geriatric and incidences of fatal medical conditions in the U.S., Japan, and Europe should drive healthcare and medical devices industry which will drive global PMMA market. PMMA is used in manufacturing healthcare equipment such as cuvettes, incubators, IV components, desiccators and other disposable medical devices attributing to its light transmission, UV tolerance and protection from lipid and phthalates properties.
PMMA market from pharmaceutical handling application should generate over USD 30 million by 2024, owing to occurrences of numerous chronic diseases demanding pharmaceutical cabinet or newly innovated RFID cabinets. This should drive global PMMA market.
Asia Pacific PMMA market led by China and India predicts a growth rate of over 10% during the forecast timeframe. This growth can be attributed to huge medical device manufacturing industry growing over in these region, and invariably leading for regional growth of PMMA market.
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North America PMMA market led by Canada and the U.S. should generate over USD 100 million by 2024. Increased usage of medical devices and stringent regulations set by agencies for using non-toxic and environment friendly polymer in manufacturing these devices should propel regional product demand.
Global PMMA market is highly competitive due to presence of many medical devices manufacturing players. Some key players include Arkema, Evonik Industries, Lucite International, Globe Scientific, Bel-Art Products and Sumitomo Chemical.
Chapter 3 PMMA Healthcare Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013-2024
3.3 Industry ecosystem analysis
3.3.1 Raw material insights
3.3.2 Major MMA and PMMA integrated suppliers
3.3.2.1 Evonik Industries A.G.
3.3.2.2 Lucite International
3.3.2.3 Altuglas International
3.3.2.4 Polyone Corporation
3.3.3 PMMA converters/processors
3.3.3.1 Major PMMA converters in North America
3.3.3.2 RTP Company
3.3.3.3 Ridout Plastics Company
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3.3.3.4 Modern Plastics
3.3.3.5 Emco Industrial Plastics, Inc.
3.3.3.6 Everything Plastic
3.3.3.7 Tap Plastics
3.3.3.8 Reynolds Polymer Technology, Inc
3.4 Healthcare PMMA key buying criteria
3.4.1 Quality/grade/application development
3.4.2 Supplier’s credibility/brand
3.4.3 Price
3.4.4 Regulatory approval
3.4.5 After sales service
3.4.6 Technology
3.5 PMMA medical grade pricing analysis
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Emergence of PMMA as an alternative to conventional medical polymers
3.6.1.2 Rising prevalence of osteopenia and osteoporosis
3.6.1.3 Increasing application scope in medical devices
3.6.2 Industry pitfalls & challenges
3.6.2.1 Fluctuation in feedstock prices
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
3.10 SWOT Analysis
3.11 Production landscape
3.12 Technology landscape
Chapter 4 PMMA Healthcare Market, By Application
4.1 PMMA healthcare by application market share, 2015 & 2024
4.2 Medical Ware
4.3 Laboratory Ware
4.4 Pharmaceutical Handling
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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