Press release
Medical Polymers Market research and projections for 2015-2024
Medical Polymers Market size is slated to cross USD 24 billion by 2024; as per a new research report by Global Market Insights, Inc.
Rapidly enhancing pharmaceutical devices demand owing to the prevalence of heart diseases, infections, or general illness and technological advancements in the treatment process will steer the global medical polymers market growth in upcoming years. Increasing health awareness among developed nations will also support the industry throughout the forecast spell.
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Pharmaceutical device industry generated over USD 300 billion in 2015, of which U.S. had a major share of around 45%. U.S. recorded over 6,500 pharmaceutical device manufacturers by 2015 and the growing demand in the country as well as export demand in the emerging economies will escalate the market growth in coming years.
The Medical Polymers Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Medical Polymers Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Medical Polymers Market Product Insights
Medical fibers & resins will be a noteworthy product segment and generated more than USD 8 billion in 2015. Polypropylene based fibers & resins will likely grow at a significant rate owing to its chemical inertness, light weight, and favorable mechanical properties. Overall medical fibers & resins will flourish at more than 8% CAGR up to 2024.
Developments and preferences of bio-based polymers for environmental sustainability will characterize the growth of biodegradable medical plastics. This segment will likely register a CAGR over 15% in the overall medical polymers market in the forecast spell. Medical packaging applications will be a fast-growing segment owing to mandatory sterilization and medical disposable regulations.
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5. Medical Polymers Market Application Insights
Growing application of polymers including polysulfone, polyphenylsulfone, polyether-ether-ketone or PEEK, and polyetherimide in pharmaceutical devices will propel the overall medical polymers industry growth.
Increasing global geriatric population will also be a significant medical polymers market driver owing to their growing medical needs. Population over the age of 65 years increased from 7.6% of global population in 2010 to around 8.3% in 2015 and will increase owing to pharmaceutical developments and increasing geriatric care units. The American Geriatrics Society has predicted the U.S. geriatric population to reach 20% of total population by 2030. Ubiquity of chronic disorders such as cardiac diseases, calcium deficiencies, arthritis, etc. will likely have a positive influence on global market in the forecast span.
6. Medical Polymers Market Regional Insights
Regional medical polymers market growth will be focused around the emerging economies in Asia Pacific, Latin America, and Middle East & Africa, owing to rapidly increasing medical awareness and government initiatives. Asia Pacific will register more than 10% CAGR in the forecast timespan.
7. Competitor Profiles
Key market participants include Bayer AG, Evonik Industries, Celanese, DuPont, Dow Chemical, Eastman Chemical, and Huntsman. Bayer and DuPont provide application specific customizations to augment their market share.
About Global Market Insights, Inc.:
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.
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: www.gminsights.com/
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