"The Report Global Medical
Polymers Market 2017-2021 provides information on pricing, market
analysis, shares, forecast, and company profiles for key industry
participants. - MarketResearchReports.biz"
The global market for medical
polymers is anticipated to register a CAGR of 8.15% from 2017 to
2021, according to a report added to the vast repository of
MarketResearchReports.biz. The report, titled “Global
Medical Polymers Market
2017-2021”, finds that the rising use of thermoplastics for medical
and healthcare packaging will be the primary driving force for this
market.
The market for medical polymers is
also boosted by the growing popularity of minimally invasive spine
surgeries, the favorable features of polymers over metals used in
permanent implants, and the increasing demand for smart polymers in
the field of biomedicine. The medical polymers market is also
anticipated to be driven by recent trends such as the rise in medical
tourism in emerging economies, the use of biodegradable plastics for
implants, and an increasing demand for engineered polymers. On the
flip side, the medical polymers market is projected to be hampered by
unfavorable reimbursement scenario in several countries, various
manufacturing challenges in the path of profitability, and certain
concerns related to the use of smart polymers.
The publication evaluates the
global medical polymers market on the basis of product type,
application, and geography.
The major product types of medical
polymers include medical elastomers, fibers and resins, and
biodegradable medical polymers. Among these, the fibers and resins
segment held the largest share in 2016 and analysts predict that it
will continue to hold the dominant position through 2021. Some of the
leading medical fibers and resins are PC, PE, polyamides, and
polyesters.
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On the basis of application, the
medical polymers market is fragmented into diagnostic systems,
implants, and hospital accessories. Medical implants hold the largest
share owing to increased demand for medical polymers to be used in
hip, knee, and dental implants. Polymers are rapidly replacing other
materials used in implants, such as metals, alloys, and ceramics.
From a geographical perspective,
the worldwide market for medical polymers is divided into the
Americas, Asia Pacific, and Europe, the Middle East, and Africa. The
Americas form the dominant region and will continue holding the
largest share throughout the forecast period. Improved public
healthcare systems, growing focus on developing innovative products,
and surge in government initiatives are the key factors driving the
America market for medical polymers.
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The vendor landscape of the
medical polymers market is likely to witness intense competition in
the coming years as players work toward expanding their geographical
reach and focus on developing innovative products. Aggressive
research and development activities is also a major priority for
companies as they look to gain a competitive edge over other players
and establish a strong foothold in the medical polymers market.
Evonik, Covestro, Eastman Chemical, Celanese, and Dow Chemical are
the leading vendors in this market. Other notable players include
Kraton Performance Polymers, Huizhou Foryou Medical Devices,
Borealis, DSM, ExxonMobil, Victrex, and DuPont.
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