Medical Polymers Market
REPORT DESCRIPTION
Medical Polymers Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014- 2020
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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With the passage of time, the demand for medical polymers is anticipated to increase. Greater preference for home healthcare treatments and a growing geriatric population also boosts the demand for medical polymers. The TMR report segments the global medical polymers market on the basis of product types, application, and geography. Biodegradable plastics, medical elastomers, and fibers and resins are the key types of products that dominate the global medical polymers market. In 2013, the segment of fibers and resins held the largest share in the overall market. The biodegradable plastics market is expected to grow robustly during the forecast period.
Transparency Market Research
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