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Medical Polymers Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45337
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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?

Medical Polymers Market Size

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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?

Medical Polymers Market Market segmentation by region

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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?

Medical Polymers Market Segmentation

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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.

 

Medical Polymers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.18%

Market growth 2021-2025

$ 6.55 billion

Market structure

Fragmented

YoY growth (%)

6.07

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, China, Germany, Canada, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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

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

Customization purview

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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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Fibers and resins - Market size and forecast 2020-2025
    • Medical elastomers - Market size and forecast 2020-2025
    • Biodegradable medical polymers - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Implants - Market size and forecast 2020-2025
    • Diagnostic systems - Market size and forecast 2020-2025
    • Hospital accessories - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Medical Polymers market growth will increase by $7478.00 million during 2019-2024.
      The medical polymers market is expected to grow at a CAGR of 8.08% during 2019-2024.
      Technavio has segmented the medical polymers market by product (Fibers and resins, Medical elastomers, and Biodegradable medical polymers) ,application (Implants, Diagnostic systems, and Hospital accessories) , and geographic (North America, APAC, Europe, South America, and MEA).
      BASF SE, Biomerics LLC, Celanese Corp., DuPont de Nemours Inc., Evonik Industries AG, Foster Corp., Innovative Polymer Compounds Ltd., Kraton Corp., Solvay SA, The Lubrizol Corp. are a few of the key vendors in the medical polymers market.
      North America will register the highest growth rate of 31.99% among the other regions. Therefore, the medical polymers market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the medical polymers market growth are:
      • Rising prevalence of spinal disorders
      The medical polymers market vendors should focus on grabbing business opportunities from the fibers and resins segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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