According to Technavio’s latest market research study, the global medical polymers market is expected to grow at a CAGR of more than 8% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global medical polymers market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below
Global medical polymers market for implants: Generally, synthetic polymers are used for implants as they are easily available and can be produced extensively. The projected increase in the demand for implants such as dental, knee, and hip is expected to drive the growth of the global medical polymer market for implants during the forecast period.
“Polymers are replacing other materials such as alloys, metals, and ceramics for use as biomaterials. Polymer materials are more versatile and are used for applications such as tracheal tubes, facial prostheses, heart components, kidney and liver parts, dentures, and hip and knee joints,” says Ajay Adikari, a lead analyst at Technavio for research on plastic, polymers, and elastomers.
Global medical polymers market for diagnostic systems: Medical polymers are widely used for diagnosis system either as reagents or as enhancers. The common polymeric materials used include PDMS, cyclo-olefin polymer (COP), PMMA, PC, and PS. Rigid polymers such as PC, PS, and PMMA are used in the fabrication of less deformable structures.
Global medical polymers market for hospital accessories: Medical polymers are widely used in manufacture of accessories such as syringes, blood bags, catheters, and pharmaceutical containers. The material for each accessory is chosen based on their compatibility with various sterilizing methods such as vaporized hydrogen peroxide and stream, gamma radiations, and ethylene oxide.
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Top vendors operating in the global medical polymers market are:
- Celanese
- Covestro
- Dow Chemical
- Eastman Chemical
- Evonik
Other prominent vendors in the market include Borealis, DSM, DuPont, ExxonMobil, Huizhou Foryou Medical Devices, Kraton Performance Polymers, and Victrex.
A more detailed analysis is available in the Technavio report titled, ‘Global Medical Polymers Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Plastomers Market 2016-2020
- Global Fluoropolymer Market in Healthcare Industry 2016-2020
- Global Medical Composite Materials Market 2016-2020
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