Trends of Medical Polymers Market Analysis Focusing on Top Key Players – BASF SE, Bayer Material Science AG, Celanese Corporation, DSM N.V., E. I. du Pont de Nemours Company, Eastman Chemical, Evonik Industries AG, Exxon Mobil Corporation, The Dow Chemi

The medical polymers market has garnered tremendous revenues from the continuous demand for medical devices and equipment, as the prevalence of numerous diseases has immensely proliferated the healthcare and pharmaceutical segments. Advancement in medical technology and treatments in combination with the growing general awareness regarding medical procedures have created the need for lighter, chemical and corrosion resistant medical equipment. Subsequently, medical polymers have gradually replaced conventional materials such as metals used in making operating tools, implants and diagnostic devices. Irrespective of the size of the medical device, polymers have displayed several advantages over traditional materials. For instance, implants made of polymers have shown better performance and durability than the metal ones, while reducing the risk of infections and need for follow-up surgeries.

MarketStudyReport.com Adds New Medical Polymers Market 2016– 2024 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trend, Competitive Market Share & Forecast spreading across 180 Pages with table and figures in it.

Medical Polymers Market size is slated to cross USD 24 billion by 2024. Rapidly enhancing pharmaceutical devices demand owing to the prevalence of heart diseases, infections, or general illness and technological advancements in the treatment process will steer the global medical polymers market growth in upcoming years. Increasing health awareness among developed nations will also support the industry throughout the forecast spell.

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Pharmaceutical device industry generated over USD 300 billion in 2015, of which U.S. had a major share of around 45%. U.S. recorded over 6,500 pharmaceutical device manufacturers by 2015 and the growing demand in the country as well as export demand in the emerging economies will escalate the market growth in coming years. Growing application of polymers including polysulfone, polyphenylsulfone, polyether-ether-ketone or PEEK, and polyetherimide in pharmaceutical devices will propel the overall medical polymers industry growth.

Increasing global geriatric population will also be a significant medical polymers market driver owing to their growing medical needs. Population over the age of 65 years increased from 7.6% of global population in 2010 to around 8.3% in 2015 and will increase owing to pharmaceutical developments and increasing geriatric care units. The American Geriatrics Society has predicted the U.S. geriatric population to reach 20% of total population by 2030. Ubiquity of chronic disorders such as cardiac diseases, calcium deficiencies, arthritis, etc. will likely have a positive influence on global market in the forecast span.

Medical polymers market will also be driven by the growing home-based private healthcare demand. The ease and affordability of private healthcare systems along with factors including commotions in public facilities, chronic or contagious diseases, and elderly patients will enhance the home-based healthcare industry in the upcoming years. In 2015, the global home-based private healthcare industry generated more than USD 200 billion and it will grow by CAGR over 8% up to 2024.

Medical fibers &resins will be a noteworthy product segment and generated more than USD 8 billion in 2015. Polypropylene based fibers &resins will likely grow at a significant rate owing to its chemical inertness, light weight, and favorable mechanical properties. Overall medical fibers &resins will flourish at more than 8% CAGR up to 2024.

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Regional medical polymers market growth will be focused around the emerging economies in Asia Pacific, Latin America, and Middle East &Africa, owing to rapidly increasing medical awareness and government initiatives. Asia Pacific will register more than 10% CAGR in the forecast timespan.

Raw material price volatility will hinder the medical polymers market growth in the forecast spell. Petrochemical based raw materials prices are dependent on the global crude oil prices, which is highly fluctuating in nature. Strict norms about volatile organic compound (VOC) content in the polymers may also restrain the medical polymers market. End products are based on superior biocompatibility with various product blends, and the expensive manufacturing technologies will restrain the entry of new market participants. Medical polymers market competitive landscape is fragmented in nature with the presence of various major manufacturing companies.

Table of content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Medical Polymers Industry Insights
Chapter 4. Medical Polymers Market, By Product
Chapter 5. Medical Polymers Market, By Application
Chapter 6. Medical Polymers Market, By Region
Chapter 7. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/medical-polymers-market

Outer Scope: Biodegradable medical plastics are paving the way for manufacturing more efficient implant devices, mostly for applications where the physicians do not want to perform a second surgical procedure to remove certain temporary implants. Stainless steel implants may result in refracture after removal as bones are not able to carry sufficient load during the healing process, while biodegradable polymer implants can be designed in a way that they degrade at a rate that will allow a slow transfer of load on the healing bones. Statista depicts that in 2016, the global implants market was valued at around USD 72.25 billion, demonstrating the growth potential of the biodegradable medical polymers market. The upsurge in healthcare spending and availability of suitable health insurance policies will further boost the demand for implant surgeries.

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https://www.marketstudyreport.com/reports/smart-wearable-gloves-market/?utm_source=RR-PSR

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