Medical Polycarbonate Market To be at Forefront By 2020-2030

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐏𝐨𝐥𝐲𝐜𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
The global medical polycarbonate market was valued at ~US$ 1 Bn in 2019 and is anticipated to expand at a CAGR of 3.5% from 2020 to 2030. Polycarbonate's unique combination of characteristics including its physiological inertness, sterilizing ability, clarity, dimensional stability, high specific stiffness, toughness, and thermal stability helps to maintain its position in the medical sector. North America accounted for major share of the global medical polycarbonate market in 2019. In terms of demand, the U.S. held dominant share of the medical polycarbonate market in North America in 2019. In terms of value, the medical polycarbonate market in the region is expected to expand at a CAGR of 3.5% during the forecast period.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/medical-polycarbonate-market.html

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐏𝐨𝐥𝐲𝐜𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
Medical polycarbonate is extensively employed in the manufacturing of hemodialysis filter membranes, surgical instrument handles, housings of oxygenators, etc. Its excellent combination of strength, rigidity, toughness, and glass-like clarity makes medical polycarbonate an ideal material for clinical and diagnostic settings, wherein visibility of tissues, blood, and other fluids is required. Furthermore, it is more hydrolytically stable than polyesters, with superior clarity and impact strength. Therefore, medical polycarbonate is used in the production of medical devices. Medical polycarbonate is often used to produce high-pressure syringes, disposable dental instruments, surgical face shields, blood oxygenators, blood collection reservoirs, blood separation devices, surgical devices, kidney dialysis equipment, intravenous components, and centrifuge bowls due to its excellent resistance to acids and oils.
Rise in geriatric population and growth in public and private investments in the healthcare sector are expected to drive the demand for medical devices in the near future. Advancements in medical technology is also anticipated to create lucrative opportunities for the medical polycarbonate market in the near future. Population of the elderly is high in Europe and North America. The geriatric population is more susceptible to diseases. This is anticipated to drive the demand for medical devices in Europe and North America in the near future.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72423

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐏𝐨𝐥𝐲𝐜𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
In terms of revenue, North America led the global medical polycarbonate market in 2019. According to the World Health Organization, approximately 17.9 million people died due to cardiovascular diseases across the globe in 2016, representing nearly 31% of all global deaths. About 85% of these deaths were ascribed to heart attack and stroke. According to the American College of Cardiology Foundation, cardiovascular diseases accounted for 840,768 deaths in the U.S. in 2016; of these, 635,260 deaths were owing to cardiac diseases. Medical polycarbonate is extensively used in the production of various medical instruments such as hemodialysis filter membranes, surgical instrument handles, housings of oxygenator devices, needle-free injection systems, perfusion equipment, blood centrifuge bowls, and stop. This is augmenting the medical polycarbonate market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=72423

The medical polycarbonate market is projected to expand at a faster pace in Asia Pacific vis-à-vis that in other regions during the forecast period. According to a report published by the National Center for Biotechnology Information (NCBI) in October 2018, prevalence of chronic kidney disease stands at 10.2% in India. Furthermore, according to an article published in April 2019 by China Daily, a newspaper published in the country, nearly 24.3 million patients were afflicted with diabetic kidney disease in China. Thus, demand for fluid delivery & IV connection components, renal dialysis products, cardiovascular devices, and surgical instruments is high in these countries.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=72423

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
Key players operating in the global medical polycarbonate market are Covestro AG, Mitsubishi Engineering-Plastics Corporations, SABIC, Trinseo S.A., Lotte Chemical Corporation, GOEX Corporation, and Chi Mei Corp. The medical polycarbonate market is highly consolidated. Prominent players are engaged in new product launches to increase their presence in the global market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.