Rising Chronic Disease Cases Fueling Growth In Medical Engineered Materials Market: A Significant Driver Propelling The Medical Engineered Materials Market In 2025

The Medical Engineered Materials Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Medical Engineered Materials Market Size and Projected Growth Rate?
The market size of medical engineered materials has witnessed swift growth in recent years. Expansion is expected to continue, with forecasts predicting growth from $22.12 billion in 2024 to $25.43 billion in 2025, a compound annual growth rate (CAGR) of 15.0%. Factors contributing to this historic growth include an aging population, regulatory compliance, infection control, the requirement of materials for implants, and tissue engineering.

The market size of medical engineered materials is projected to experience accelerated expansion in the coming years, with predictions estimating its value at $43.79 billion in 2029, marking a compound annual growth rate (CAGR) of 14.6%. The anticipated growth during this forecasted period is primarily driven by factors such as heightened global health readiness, the rise in 3D printing and additive manufacturing, development of advanced coatings, innovations in nanomedicine, and the expansion of personalized medicine. Key emerging trends spotted for the same timeframe are advancements in nanotechnology, increase in biodegradable and resorbable materials, surge in bioactive and intelligent materials, a commitment towards sustainability and environmentally friendly materials, and overall progress in medical technology.

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What Are the Major Segments in the Medical Engineered Materials Market?
The medical engineered materials market covered in this report is segmented -

1) By Type: Medical Plastics, Medical Foams, Medical Films, Medical Adhesives, Medical Elastomer
2) By Application Type: Medical Devices, Medical Disposables, Medical Wearables, Advanced Woundcare

Subsegments:
1) By Medical Plastics: Polyethylene (PE), Polyvinyl Chloride (PVC), Polycarbonate (PC), Polypropylene (PP)
2) By Medical Foams: Polyurethane Foams, Polyethylene Foams, Silicone Foams
3) By Medical Films: Thermoplastic Films, Biodegradable Films, Adhesive Films
4) By Medical Adhesives: Epoxy Adhesives, Cyanoacrylate Adhesives, Silicone Adhesives
5) By Medical Elastomers: Silicone Elastomers, Thermoplastic Elastomers (TPE), Polyurethane Elastomers

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What Are The Driving Medical Engineered Materials Market Evolution?
The occurrence of chronic diseases is anticipated to boost the development of the medical engineered materials market. These diseases are long-term conditions demanding continuous medical intervention or restricting everyday activities or both. Nanoengineered parts have the capacity to construct a small-scale duplicate of a heart chamber, offering solutions for heart-related issues. For example, the U.S.-based National Center for Biotechnology Information (NCBI), which is a part of the National Library of Medicine, projected in January 2023 that the number of worldwide chronic disease patients would rise to 142.66 million in 2050 from 71.522 million in 2020. Consequently, the surge in chronic disease cases is propelling the expansion of the medical engineered materials market.

Which Firms Dominate The Medical Engineered Materials Market Segments?
Major companies operating in the medical engineered materials market include Evonik Industries AG, Covestro AG, BASF SE, Solvay SA, Saudi Basic Industries Corporation, Trelleborg AB, Koninklijke DSM N.V, Celanese Corporation, DuPont de Nemours Inc., Ethicon Inc., Henkel AG & Co. KGaA, Huntsman Corporation, Momentive Performance Materials Inc., Nitto Denko Corporation, Recticel Ltd., Victrex plc, Ensinger GmbH, RTP Company, Foster Corporation, Zeus Industrial Products Inc., Saint-Gobain SA, Arkema SA, Eastman Chemical Company, Lubrizol Corporation, PolyOne Corporation, Quadrant AG, Rochling Group, DSM Biomedical, Invibio Ltd., Carpenter Technology Corporation, Heraeus Medical Components GmbH, CeramTec GmbH, Morgan Advanced Materials plc, Freudenberg Medical LLC, Synectic Engineering Inc., Medtronic plc, Abbott Laboratories, Johnson & Johnson, Siemens Healthineers AG

What Trends Are Expected to Dominate the Medical Engineered Materials Market in the Next 5 Years?
To gain a competitive advantage in the medical engineered materials market, key players are launching innovative new products. For example, the American specialty materials company, Celanese Corporation, unveiled a product named Celanex MT PBT 2406MT GF20 in May 2022. This high-performance material, designed primarily for medical devices along with a multitude of other applications, showcases remarkable strength, rigidity, and silent sliding attributes. It proves its applicability to Class I, Class II, and Class III medical device applications, while also serving the automotive, electrical, electronics, industrial machinery, and consumer goods sectors. The product, a grade of tribologically modified PBT+PET, reinforced with 20% glass fiber, provides a host of solutions across various industries.

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Which Is The Largest Region In The Medical Engineered Materials Market?
Asia-Pacific was the largest region in the medical engineered materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical engineered materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Engineered Materials Market?
2. What is the CAGR expected in the Medical Engineered Materials Market?
3. What Are the Key Innovations Transforming the Medical Engineered Materials Industry?
4. Which Region Is Leading the Medical Engineered Materials Market?

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