Medical Polymers Market Growth By New Investment Opportunities Emerge To Augment Segments in Advanced Materials Sector [2014-2022]

Medical Polymers Market is expected to garner $19,014 million by 2022, registering a CAGR of 13.0% during the forecast period 2016-2022. Medical polymers are utilized for a variety of human contact and non-contact applications in the medical industry. These materials are chiefly used in the manufacture of medical implants, devices, disposables (gloves, vials, tools), and packaging. Medical polymers are biocompatible in nature and either remain inert or are easily processed by the human body. The growth in investment towards research and development, increase in adoption of medical polymers and development of low cost materials are driving the demand for medical polymers in the healthcare industry.

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Medical polymers are widely used across various applications, as they are easy to manufacture and facilitate customizations. Moreover, they provide ease of fabrication, flexibility, and biocompatibility, and remarkable mechanical, electrical, chemical, and thermal properties of materials that are used as composites for medical implants. Increasing number of medical procedures, such as joint reconstruction & heart surgeries and rise in cosmetic and plastic surgeries in the developing countries are the few other key drivers of the market.

Resins dominate the medical ceramics market due to a significant replacement trend of conventional medical devices materials with advanced polymers such as polyphenylene ether and few others, which provide high-quality medical devices. Further the application segment is led by devices holding nearly half of the global polymers market. This is mainly due to advancement in the technology provided by the polymers manufacturers such as polymer laminate technology and so on. Devices captured a major share in the global medical polymers market followed by disposables such as gloves, syringes and others.

Medical polymers are adopted widely across the healthcare industry with significant efforts to commercialize new medical polymers to meet the specification of high end applications. Demand for polymers in healthcare markets is growing significantly owing to a significant upsurge in the demand for medical implants, whereas demand for implants is growing primarily due to increased incidences of chronic diseases and increasing global geriatric population. The demand for medical polymers is witnessing significant growth in all the regions, due to rapid acceptance and adoption of polymers from product designing to final product manufacturing.

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Key Findings of the Medical Polymers Market

• The bioresorbable plastics (PGA) of polymer market is expected to grow at a highest CAGR of 17.1% during the forecast period.
• Resins hold the highest share of four-fifths of the total medical polymers market in 2015.
• In the application segment, devices hold nearly half of the market share in 2015, where Diagnostics equipment contributes majorly towards the revenue of the segment.
• Disposables is the fastest growing application segment and is expected to grow at an estimated CAGR of 14.2% during the forecast period of 2016-2022.
• U.S. was the largest market in terms of demand for medical polymer in 2015.

The market for medical ceramics witnesses intense competition among the major players in the market. This competitive rivalry results into product innovation and development. Although the market is largely fragmented dominance of the major companies is characterized by their vast product portfolio for medical polymers, high investment in R&D, and strong distribution network. The companies have adopted various strategies such as agreement, product launch, product approval, merger & acquisition, collaboration, and investment to sustain the highly competitive environment of the medical polymers market.

Key companies profiled in this report include Eastman Chemical Company, Evonik Industries AG, The Dow Chemical Company, Formosa Plastics Corporation USA, Arkema SA, BASF SE, Covestro AG, DSM N.V., Solvay S.A, and Celanese Corporation.

Table Of Content

Chapter: 1 INTRODUCTION
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Trends
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO Perspective

Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key Findings
3.2.1 Top Investment Pockets
3.2.2 Top Player Positioning
3.3 Porters Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitutes
3.3.5 Competitive Rivalry
3.4 Regulatory Scenario
3.4.1 U.S. FDA
3.4.2 Europe CE Mark
3.4.3 Ministry of Health, Labour and Welfare (MHLW)
3.5 Market dynamics
3.5.1 Drivers
3.5.1.1 Increase in adoption of MEDICAL Polymers owing to low prices and versatility
3.5.1.2 growth in sales of Medical Implants and Devices
3.5.1.3 Rise in Number of FDA Approvals for Performing Clinical Trials to Benefit the Market
3.5.2 Restraints
3.5.2.1 Price volatility and supply constraints
3.5.2.2 Stringent approval process
3.5.3 Opportunities
3.5.3.1 Funding and grants create market opportunities worldwide
3.5.3.2 Patents in biosorbable polymers increasing by more than 30% per year
3.6 Top Winning Strategies

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