The medical polymers market share is expected to increase by USD 6.55 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.18%.
This medical polymers market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (fibers and resins, medical elastomers, and biodegradable medical polymers), application (implants, diagnostic systems, and hospital accessories), and geography (North America, APAC, Europe, South America, and MEA). The medical polymers market report also offers information on several market vendors, including BASF SE, Berkshire Hathaway Inc., Biomerics LLC, Celanese Corp., DuPont de Nemours Inc., Foster Corp., Innovative Polymer Compounds Ltd., Kraton Corp., RAG-Stiftung, and Solvay SA, among others.
What will the Medical Polymers Market Size be During the Forecast Period?
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Medical Polymers Market: Key Drivers and Trends
Based on our research output, there has been a neutral impact on the market growth during and post the COVID-19 era. The rising prevalence of spinal disorders is notably driving the medical polymers market growth, although factors such as declining reimbursement and cost containment measures may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the medical polymers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Medical Polymers Market Driver
The rising prevalence of spinal disorders, such as spondylitis, spinal stenosis, spinal tumor, osteoporosis, degenerative diseases, scoliosis, and herniated disc, is increasing the demand for spinal implants. Medical polymers such as low-density PE (LDPE) and high-density PE (HDPE) are used in spinal implants. These polymers offer high tensile strength, high crystallinity, and other properties. The rising prevalence of spinal disorders will increase the demand for spinal implants, which, in turn, will drive the medical polymers market during the forecast period.
Global pharmaceutical packaging vendors are gaining growth opportunities due to the increase in R&D spending and the introduction of new drugs by pharmaceutical manufacturers. Many pharmaceutical packaging vendors are adopting organic and inorganic growth strategies to utilize the available market opportunities. Pharmaceutical packaging companies use various medical polymers for manufacturing packaging products. Hence, the increased demand for pharmaceutical packaging will also lead to a growth in demand for medical polymers.
This medical polymers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Medical Polymers Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- BASF SE
- Berkshire Hathaway Inc.
- Biomerics LLC
- Celanese Corp.
- DuPont de Nemours Inc.
- Foster Corp.
- Innovative Polymer Compounds Ltd.
- Kraton Corp.
- RAG-Stiftung
- Solvay SA
This statistical study of the medical polymers market encompasses successful business strategies deployed by the key vendors. The medical polymers market is fragmented, and the vendors are deploying growth strategies such as partnering with technology companies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The medical polymers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Medical Polymers Market?
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35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for medical polymers in North America. Market growth in this region will be faster than the growth of the market in MEA.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Product Segments in the Medical Polymers Market?
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The medical polymers market share growth by the fibers and resins segment will be significant during the forecast period. Some of the prominent medical fibers and resins that are widely used in various applications are polyamides, polycarbonate, polyester, polyethylene, and polyethylene terephthalate, among others. These polymers are used in medical applications for manufacturing catheters, medical blister packs, and others. Owing to their wide applications, the segment will witness growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medical polymers market size and actionable market insights on the post-COVID-19 impact on each segment.
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Medical Polymers Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.18% |
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Market growth 2021-2025 |
$ 6.55 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.07 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
North America at 35% |
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Key consumer countries |
US, China, Germany, Canada, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
BASF SE, Berkshire Hathaway Inc., Biomerics LLC, Celanese Corp., DuPont de Nemours Inc., Foster Corp., Innovative Polymer Compounds Ltd., Kraton Corp., RAG-Stiftung, and Solvay SA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Medical Polymers Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive the medical polymers market growth during the next five years
- Precise estimation of the medical polymers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the medical polymers industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the medical polymers market vendors
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