A recently released
report from Transparency Market Research (TMR) forecasts that the
Global Medical
Polymers Market
will
grow at a CAGR of 8.3% between 2014 and 2020. TMR, a market
intelligence firm based in the U.S., states that the global medical
polymers market will reach a value of US$17.13 billion by 2020, from
US$9.80 billion in 2013.
The report, titled
‘Medical Polymers Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2014 - 2020’,
is available for sale on the company website. According to this
market research report, factors such as rising consumer awareness,
developments in the area of polymer science, and a rapidly growing
global population play a key role in the growth of the global medical
polymers market. The demand for medical polymers has been on the rise
owing to their widespread application as substitutes for glass and
metal in the production of medical equipment and devices.
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Technical insights:
The demand for biocompatible materials is likely to gain momentum in the forthcoming years owing to their increasing applicability in implants. Application-wise, the global medical polymers market is categorized into medical packaging, medical devices and equipment, and others.
With a share of more than 40%, North America was the largest player in the medical polymers market in 2013. Europe holds the second highest share of this market after North America. Ongoing trends, however, indicate that Asia Pacific will witness rapid growth in demand for medical polymers in the forthcoming years. Some of the factors that will stimulate the demand for medical polymers in the Asia Pacific market are high demand in China and India owing to stringent regulations of the healthcare product market.
Browse Market Research Report with ToC & Analysis:
http://www.transparencymarketresearch.com/medical-polymers-market.html
This research report lays emphasis on the growing popularity of biodegradable components in medical implants, which can prove to be beneficial for market players operating in the global medical polymers market. However, fluctuating input prices and stringent regulatory measures put in place by several governments act as glaring challenges to the global market for medical polymers. Some of the key companies in the global medical polymers market are Celanese Corporation, Eastman Chemical Company, Evonik Industries AG, The Dow Chemical Company, Formosa Plastics Corporation USA, and Victrex plc.
Medical Polymers Market - Product Segment Analysis
-
Medical resins and fibers
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Polyvinyl chloride (PVC)
-
Polypropylene (PP)
-
Polyethylene (PE)
-
Polystyrene (PS)
-
Others (Including engineering thermoplastics such as ABS,
PC and PET)
-
-
Medical elastomers
-
Styrenic block copolymer (SBC)
-
Rubber latex
-
Others (Including TPU, TPV and TPO)
-
-
Biodegradable plastics
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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