Press release
Medical Polymers Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions
Medical Polymers Global Market Report 2024
According to The Business Research Company's, The medical polymers market size has grown strongly in recent years. It will grow from $22.31 billion in 2023 to $24.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to rise in minimally invasive procedures, advancements in surgical techniques, increased aging population, focus on infection prevention, expanding applications in drug delivery.
The medical polymers market size is expected to see rapid growth in the next few years. It will grow to $36.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing demand for biocompatible materials, rapid expansion of healthcare infrastructure, shift towards home healthcare, focus on sustainable and eco-friendly materials, technological integration in healthcare, rising incidence of chronic diseases. Major trends in the forecast period include recyclable and sustainable polymers, personalized implantable polymers, collaboration for polymer research, polymer coatings for medical devices, polymeric materials in wearable medical devices.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/medical-polymers-global-market-report
Market Drivers and Trends:
The increase in demand for medical devices is expected to boost the growth of the medical polymer market going forward. Medical devices are instruments, apparatuses, machines, appliances, implants, materials, or any similar product designed for medical practice. Medical polymers form an essential part of developing and manufacturing medical devices because of their low cost and lightweight properties. For instance, in October 2021, according to an article published by the FDA Center for Devices and Radiological Health, there were 2039 medical devices get authorization from January 2020-December 2020. In addition, in 2021, CDRH gave the breakthrough designation to 213 products and marketing permission to 13 breakthrough devices. Therefore, the increase in demand for medical devices is driving the growth of the medical polymer market.
Innovation in medical polymer material is a key trend gaining popularity in the medical polymer market. Companies operating in the medical polymer market are developing innovative medical polymer materials to sustain their position in the market. For instance, in November 2021, Arkema SA, a France-based manufacturer of specialty materials, announced the launch of Advanced Bio-Circular Polyamide 11 medical polymer. This new high-rigidity material offers an amalgamation of features in terms of physical performance, lightweight, and sustainability. It is intended to replace metal and traditional polymers in medical and healthcare applications. The new Rilsan MED polyamide 11 grade, which has a high glass fiber content (65%), has a tensile modulus of 18.5GPa, making it a perfect candidate to replace metal in the production of extremely demanding surgical equipment.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10663&type=smp
Major Key Players of the Market:
Arkema S.A.; BASF SE; Celanese Corporation; Covestro AG; Eastman Chemical Company; Evonik Industries AG; Exxon Mobil Corporation; Formosa Plastics Corporation; Foryou Medical; Kraton Corporation; Saudi Basic Industries Corporation; Solvay SA; Dow Inc.; Koninklijke DSM N.V.; Lubrizol Corporation; NatureWorks LLC; Trinseo plc; Bayer AG; China Petroleum & Chemical Corporation; PolyOne Corporation; Huntsman Corporation; Americhem Inc.; Borealis AG; Corel Pharma Chem Private Limited; Henkel AG & Co. KGaA; Kuraray Co. Ltd.; LyondellBasell Industries Holdings B.V.; Sumitomo Chemical Co. Ltd.; KRAIBURG TPE GmbH & Co. KG; Lakril Technologies
Medical Polymers Market 2024 Key Insights:
• The medical polymers market size will grow to $36.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
• Surging Medical Devices Demand Fuels Medical Polymer Market
• Key Players Product Innovation Enhanced Medical Polymer Market
• North America was the largest region in the medical polymers market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10663&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Medical Polymers Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions here
News-ID: 3753502 • Views: …
More Releases from The Business Research Company
Rodenticide Market Expansion Outlook: $12.06 Billion in 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Rodenticide Market from 2024 to 2025?
In the past few years, there has been a significant expansion in the rodenticide market. It's projected to grow from $7.24 billion in 2024 to $7.83 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. The…
Potassium Sulphate Market to Record 10.3% CAGR Growth Through 2029 | Global Anal …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Potassium Sulphate Market Outlook: How is the Market Expected to Grow by 2025?
The size of the potassium sulphate market has seen robust growth in the past few years. The market, which was worth $5.47 billion in 2024, is projected to rise to a value of $5.88 billion in 2025,…
Ergonomic Office Chairs Market Size Forecast: $17.84 Billion by 2029 | Global Ou …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Ergonomic Office Chairs Market by 2025?
The market size of ergonomic office chairs has experienced constant growth over the past few years. The market worth is anticipated to rise from $13.81 billion in 2024 to $14.49 billion in 2025, presenting a compound…
Carbon Composites Market Growth to be Driven by Emerging Trends | $28.25 Billion …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Carbon Composites Industry?
In the recent past, the carbon composites market has witnessed a significant expansion in its size. The market, worth $20.57 billion in 2024, is projected to rise to $21.71 billion in 2025, exhibiting a compound annual growth rate (CAGR) of…
More Releases for Medical
ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent…
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…
