0
2016
Medical Polymers Market

Medical Polymers Market

by Type (PVC, Polypropylene, Polyethylene, Polystyrene, Polycarbonate, PEEK, Hydrogel, Styrenic block copolymer, Rubber latex, Biodegradable, PLA, and Others), by Application (Surgical Instruments, Diagnostic Equipment, Orthopedic Implants, Electronic Implants, Dental Implants, Disposables, Packaging and Others) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

Report Code: A01434
Pages: 130
Nov 2016 | 19179 Views
Author(s) : Vivek S
Tables: 76
Charts: 50
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Medical Polymers Market

Request Now !

Medical Polymer Market Overview:

Medical Polymers Market is expected to garner $19,014 million by 2022, registering a CAGR of 13.0% during the forecast period 2016-2022. Medical polymers are utilized for a variety of human contact and non-contact applications in the medical industry. These materials are chiefly used in the manufacture of medical implants, devices, disposables (gloves, vials, tools), and packaging. Medical polymers are biocompatible in nature and either remain inert or are easily processed by the human body. The growth in investment towards research and development, increase in adoption of medical polymers and development of low cost materials are driving the demand for medical polymers in the healthcare industry.

Medical polymers are adopted widely across the healthcare industry with significant efforts to commercialize new medical polymers to meet the specification of high end applications. Demand for polymers in healthcare markets is growing significantly owing to a significant upsurge in the demand for medical implants, whereas demand for implants is growing primarily due to increased incidences of chronic diseases and increasing global geriatric population. The demand for medical polymers is witnessing significant growth in all the regions, due to rapid acceptance and adoption of polymers from product designing to final product manufacturing.

medical-polymers-market-1582105944

Although several polymers are biocompatible, not all are approved for commercial use. Medical polymers can be classified broadly into resins, elastomers, and biodegradable plastics. Key resins that are widely utilized include polyvinyl chloride (PVC), polypropylene (PP), polyethylene (PE), polystyrene (PS), polycarbonate (PC), polyetheretherketones (PEEK), hydrogel (acrylate), acrylonitrile butadiene styrene (ABS), polymethyl methacrylate (PMMA), and polyethylene terephthalate (PET). Major elastomers employed in the medical industry include styrenic block copolymer (SBC), rubber latex thermoplastics polyurethane (TPU), and thermoplastics olefins (TPO). Frequently used biodegradable plastics include polylactic acid (PLA) and polyglycolic acid (PGA). Multiple local as well as global players offer a wide variety of medical polymers.

The key players in the global medical polymers market have adopted various business strategies, such as research and development, product launch, agreement, acquisition, collaboration, expansion, and partnership, to sustain the intense market competition. The stakeholders of the medical polymers market include medical polymer material providers who distribute their products to several end-user industries across the globe. The data pertaining to market players and their strategic moves have been obtained through press releases of companies, blogs, and primary calls to the experts in the industry.

On the basis of type, medical polymers are segmented into resins, elastomers, and biodegradable plastics. Key resins include PVC, PP, PE, PS, PC, PEEK, acrylate, and other resins (ABS, PMMA, and PET). Major elastomers employed in the medical industry include SBC, rubber latex, and other elastomers (TPU, TPO, and others). Commonly used biodegradable plastics include PLA and others (PGA, PLGA, and so on)

Large amounts of investments are ongoing to develop implants and devices using various polymers driven by their versatility and stability. This is further expected to increase the adoption of polymers for medical applications and enhance the attractiveness of the medical polymers market for industry participants.

Resins such as PEEK and PE, especially ultrahigh molecular weight polyethylene (UHMWPE), possess the maximum market potential in the medical polymer segments. These polymers are gaining popularity owing to their structural strength, bio-inertness, commercial viability, and bio-compatibility. PEEK and UHMWPE find increased usage in medical implants, including orthopedic and electronic implantable devices. PP, PC, and other resins, including ABS, PMMA, and PET, also show increased utilization in manufacturing medical devices. These engineering thermoplastics exhibit excellent stability, durability, and formability and are preferred over metals and polymer for designing medical devices and implants.

medical-polymers-market-breakdown-of-primary-respondents

PVC is another key segment used for manufacturing medical devices and disposables. PS is used in human-contact applications owing to its non-toxicity and stability. Acrylates are used to produce hydrogels, which are applicable in wound-care, drug delivery, and tissue engineering. Elastomers are mostly used in sealing, packaging, and disposables such as gloves. Biodegradable plastics including PLA, PGA, and PLGA are being developed for use in disposables and packaging applications as substitutes for PE and PP.

Increase In Adoption Of Medical Polymers Owing To Low Prices And Versatility

Although medical polymers have been used in the industry since a long time, their adoption has gained momentum over the last decade. This sudden rise is attributed to the increase in research to develop alternatives to traditional materials including metal and polymer for use in medical applications. Development of engineering plastics, such as PMMA, PEEK, ABS, and PET, accelerated the growth of the medical polymers market. These plastics conform with the safety requirements for use in medical implants and devices.

medical-polymers-market-segmentation

Furthermore, medical polymers are available at lower costs compared to metals and polymer. Engineering plastics used as medical polymers can match the structural strength, stability, inertness, durability, and formability of metals and polymer, while being lighter and more resource efficient. Moreover, the supply of medical polymers is more consistent when compared to metals and polymer, which directly depend upon the mining scenario.

Key players profiled in this study includes Eastman Chemical Company, Evonik Industries AG, The Dow Chemical Company, Formosa Plastics Corporation USA, Arkema SA, BASF SE, Covestro AG, DSM N.V., Solvay S.A, and Celanese Corporation.

Other prominent players (not profiled) in the value chain include Victrex Plc., DuPont, Tianjin Plastics Research Institute Co. Ltd, Lubrizol Corporation and Bayer.

medical-polymers-market-top-investment-pockets

Medical Polymers Market Key Benefits

  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global medical polymers industry.
  • In-depth analysis is conducted by constructing market estimations for key market segments between 2014 and 2022.
  • Geographically, the medical plastic market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA. It also includes country analysis of major countries in each geographic region.
  • This study evaluates competitive landscape and value chain to interpret the competitive environment across various geographies.
  • Comprehensive analysis of factors that drive and restrict the growth of the global medical polymer market is provided.
  • Exhaustive analysis of the market by type predicts the major material used currently along with the ones that would gain prominence in the future.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the framework.

Medical Polymers Market Report Highlights

Aspects Details
By Type
  • Resin
    • Polyvinyl chloride (PVC)
    • Polypropylene (PP)
    • Polyethylene (PE)
    • Polystyrene (PS)
    • Polycarbonate (PC)
    • Polyetheretherketones (PEEK)
    • Hydrogel (Acrylate)
    • Others (Including ABS, PMMA and PET)
  • Elastomer
    • Styrenic block copolymer (SBC)
    • Rubber latex
    • Others (Including TPU, TPV and TPO)
    • Biodegradable
  • Plastics
By Application
  • Devices
    • Surgical Instruments
    • Diagnostic Equipment
    • Others
  • Implant
    • Orthopaedic Implants
    • Electronic Implants
    • Dental Implants
  • Disposables
  • Packaging
By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
    • Rest of LAMEA
 

Loading Table Of Content...


 
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample

Purchase Full Report of
Medical Polymers Market

Start reading instantly.
This Report and over 54,639+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,565
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Nov 2017 - Nov 2018)
  • Data Pack
  • $3,961
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2017 - Nov 2018)
  • Single User
  • $5,540
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2017 - Nov 2018)
  • Five Users
  • $6,654
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2017 - Nov 2018)
  • Enterprise
    License/PDF

  • $10,280
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2017 - Nov 2018)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers