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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