Global Medical Polymer Market is expected to reach ~USD 25 Bn by 2028F: Ken Research

Global Medical Polymer Market By Geography

The Global Medical Polymer market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America accounted for the largest market share within the global medical polymer market in 2022, owing to the rising geriatric population, and surging government initiatives and programs towards the medical sector.

The rising geriatric population and surging chronic diseases in the region, are likely to fuel the demand in the medical polymer market.

Increasing government initiatives and investment in the medical and healthcare sector, along with the growing home healthcare market are expected to boost the demand for medical devices. Increased demand for medical equipment and devices, is likely to positively impact the medical polymer market.

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Competition Scenario In Global Medical Polymer Market

The global medical polymer market is significantly competitive with ~100 players which include globally diversified players, and country-niche players as well as a majority number of regional players having their niche in medical polymer manufacturing multiple products for various medical applications.

Regional players held the largest share by competitor type. While large global players constitute about 15%. Some of the major players in the market include BASF SE, Evonik Industries AG, Covestro AG, Kraton Corporation, Eastman Chemical Company, SABIC, Celanese Corporation, DSM, Arkema, INEOS, and others.

What Is The Expected Future Outlook For The Overall Global Medical Polymer Market Across The Globe?

The Global Medical Polymer market was valued at USD ~billion in 2022 and is anticipated to reach USD ~25 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Medical Polymer market is driven by growing chronic diseases, rising number of patients worldwide, and surging healthcare infrastructure by government active participation and investments. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Medical Polymer market is changing rapidly. For instance, In July 2021, Celanese Corporation announced an expansion of its Florence, Kentucky research and development center with the addition of a Pharmaceutical Drug Delivery Feasibility Lab.

In February 2020, Clariant launches a medical polymer compound resistant to hydrolytic degradation.

In April 2018, BASF has started up a new production line for its high-temperature resistant thermoplastic Ultrason (Polyarylsulfone) at its site in Yesou, Korea.

The global medical polymer market witnessed significant growth during the period 2017-2021, owing to the increasing number of chronic diseases, and growing geriatric populations worldwide. The growth rate is expected to remain significant during the forecast period.

Though the market is significantly competitive with ~100 participants, the majority of regional players dominate the market share by type, and global players hold a significant market share.

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Key Topics Covered in the Report

Snapshot of the Global Medical Polymer Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Medical Polymer Market
Historic Growth of the Overall Global Medical Polymer Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Medical Polymer Industry
Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Global Medical Polymer Market
Future Market Forecast and Growth Rates of the Total Global Medical Polymer Market and by Segments
Market Size of Type / End-Users Segments with Historical CAGR and Future Forecasts
Analysis of the Global Medical Polymer Market
Major Production/Supply and Consumption/Demand Hubs in Each Major Region
Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Continent

Major Players Mentioned in the Report

BASF SE
Evonik Industries AG
Covestro AG
Kraton Corporation
Eastman Chemical Company
SABIC
Celanese Corporation
DSM
Arkema
INEOS

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Notable Emerging Companies Mentioned in the Report

Cocoon Biotech
ADBioplastics
BioMed Element
XAMPLA
Cypris Materials

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Medical Polymer Manufacturing Companies
Medical Polymer Marketing Companies
Medical Polymer Material Suppliers
Potential Investors in Medical Polymer Companies
Bio Polymer Manufacturers
Medical Packaging and Component Manufacturers
Consulting Companies in the Chemical and Healthcare Market
Government And Research Organizations Working in the Chemical and Healthcare Industries
Investment Banks Targeting the Chemical and Healthcare Industry
Medical Machine and Equipment Manufacturers
Medical Plastics Manufacturers
Laboratory Equipment Manufacturers
Healthcare Products Manufacturers
Medical Device Packaging Manufacturers
Plastics Chemical Manufacturers
Organic Polymers Manufacturers
Medical Implant Packaging Manufacturers
Medical Soft Goods Manufacturers
Biopharma Devices Manufacturers
Government Healthcare Departments

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022-2028F

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https://www.kenresearch.com/business-research/global-medical-polymer-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.