openPR Logo
Press release

North American Medical Polymers Market to experience significant growth over the forecast timeframe

07-12-2019 08:19 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Medical Polymers Market

Medical Polymers Market

Petrochemicals are used as raw materials in the production of medical polymers. Rapidly depleting petroleum resources result in price variations of raw materials which in turn end up slowing down the medical polymers market growth. Moreover, stringent government regulations regarding the manufacturing of new petroleum based products for pharmaceutical field is likely to hinder the future market growth.

Growing old population coupled with their medical needs will surge the medical polymers market in coming years. Prevalent diseases in the elder age such as heart disease, hypertension, diabetes, osteoporosis, dementia, and arthritis need constant medical care and attention. These factors will further influence the market in the upcoming years.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/1126

North American Medical Polymers Market will hold a significant share in the global market due to huge medical needs and aging population. Europe will observe a comparatively slower growth, losing its market share to the Asia Pacific region owing to expansions in the medical industry. The regional product market will display a growth in excess of 10% CAGR over the coming years.

Key players operating in the global medical polymers market include:
• DuPont
• Huntsman
• Eastman Chemical
• Dow Chemical
• Celanese
• Evonik
• Bayer

The United States registered a share of around 45% of the total medical devices market with companies over 6500 producing medical devices. Also, growth in polymer applications such as polyetherimide, polysulfone, polyphenylsulfone, and polyether ether ketone in the medical devices will further enhance the global medical polymers market widely.

Make an Inquiry for Purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/1126

By Application:
• Medical devices & equipment
• Medical packaging
• Others

The packaging segment market is likely to register a growth of over 9% to reach a a market of USD 10 billion till 2024. The devices and equipment’s sector accounts for more than half of the global medical polymers market to witness a decent growth in the forecast timespan.

Increase in the use of medical devices will positively influence the medical polymers market demand in the coming years. Prevalent medical conditions, diseases & infections, and cardiovascular issues paired with development in medical procedures & treatments is propelling the medical devices industry in future. In 2015, the medical devices industry, globally, was valued in excess of USD 300 billion and is likely to grow with a CAGR of around 6% in the forecast period.

Medical Polymers Market, by Product:
• Medical fibers & resins
• Medical elastomers
• Biodegradable medical plastics

The medical elastomers segment is further bifurcated into rubber latex and styrene block copolymers whereas the medical resins & fibers is further segmented into four sub-categories which include polystyrene, polyethylene, polypropylene, and polyvinyl chloride. Considering volume, the resins & fibers segment is likely to register over 80% of the total market share in 2024. Among the sub-segments, polypropylene is projected to grow with a CAGR of over 10%, reaching USD 4 billion till 2024.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/medical-polymers-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release North American Medical Polymers Market to experience significant growth over the forecast timeframe here

News-ID: 1803247 • Views: 361

More Releases from Global Market Insights Inc.

COVID-19 to Impact Demand Growth of Soap Noodles Market | By key players Raj Ind …
Soap manufacturers have upped their efforts in purchasing the soap noodles and adding the pigments, flagrances, flavor and other components to have a competitive edge in the market. Use of soap noodles as the main ingredient in the production of soap bars is likely to be witnessed in the next few years. A blend is said to be the 80/20 standard, containing 80% palm oil and 20% palm kernel oil
The Potential Impact Of Coronavirus (Covid-19) For Rapid Industrialization To Bo …
The research report on Hydrochloric Acid market offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors. The report also provides insight to distinguished factors that are expected to potentially fuel the growth path of the industry in the upcoming years, along with laying emphasis on minute details of the ongoing trends that the
COVID-19 to Impact Demand Growth of Propylene Glycol Market | By key players Lyo …
The research report on Propylene Glycol market offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors. The report also provides insight to distinguished factors that are expected to potentially fuel the growth path of the industry in the upcoming years, along with laying emphasis on minute details of the ongoing trends that the
COVID-19 to Impact Demand Growth of Echinacea Market | By Players: Nature's Boun …
The research report on Echinacea market offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors. The report also provides insight to distinguished factors that are expected to potentially fuel the growth path of the industry in the upcoming years, along with laying emphasis on minute details of the ongoing trends that the Echinacea

All 5 Releases


More Releases for Medical

Affordable Medical Cover Plans
Taking great care of health is important, but it does not assure a healthy life. Even after taking all the precautions, people can still get unwell due to various reasons. Unfortunately, medical treatment is not always affordable for everyone. Losing loved ones due to lack of money is the worst nightmare for any person. Luckily, now you can cover your whole family for medical treatment by purchasing affordable medical covers
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Global Medical Aesthetics Market
The Global Medical Aesthetics Market is expected to reach USD 26.53 billion by 2024 from USD 10.12 billion in 2016, at a CAGR of 12.8% in the forecast period 2017 to 2024. “Global Medical Aesthetics Market”, By Product Type (Aesthetic Laser Devices, Energy Devices, Skin Tightening & Body Contouring Devices, Aesthetic Implants, Facial Aesthetic Devices), Applications (Anti-Aging & Wrinkles, Facial & Skin Rejuvenation, Vascular Lesions, Body Shaping & Cellulite, Breast
Medical Ventilators – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Medical Ventilators’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Medical Ventilators market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Medical Ventilators market growth. It takes into account aspects such as drivers, restraints, challenges, and
Medibmls-Medical Encyclopedia
The Medibmls Medical Encyclopedia contains public health information for patients and others about medical laboratory tests and general healthcare. This medical encyclopedia is developed to provide patients and others with background information about laboratory tests and health as part of the healthcare sector. Please visit us at: Medical Encyclopedia-Medibmls - https://medibmls.org/ Diseases - https://medibmls.org/diseases/ Laboratory Tests - https://medibmls.org/laboratory-tests/ Medibmls is a medical encyclopedia containing health information for patients and others about clinical laboratory tests and
Medical Electrodes Market
Medical electrodes are devices used to transfer energy of ionic currents into electrical current in the body. The currents passed into the body is amplified and has proved to be useful in diagnosing various diseases. Medical electrodes are noninvasive and comprises a metal, electrode conducting plate and lead. Medical electrodes progress with quantification of internal ionic currents results in diagnosis of nervous, cardiac, ocular and muscular disorders. The electrode works