Medical Polymers Market is expected to exceed
US$ 17320 million by 2023
Global Medical Polymers Market report explores future trends for
supply, demand and market growth rate, market size, prices, trading,
competition and value chain as well as Key Players of the industry’s
information with forecast from 2019 to 2023.
Global Medical Polymers Market Synopsis:
According to Market Analyst, The Global Medical Polymers Market is expected to grow at an impressive
Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Medical Polymers industry has also suffered a certain impact, but still maintained a relatively
optimistic growth, the past four years, Medical Polymers market size to maintain the average annual
growth rate of 3.85% from 13000 million $ in 2014 to 14560 million $ in 2018, Market analysts believe
that in the next few years, Medical Polymers market size will be further expanded, we expect that by
2023, The market size of the Medical Polymers will reach 17320 million $.
According to Market study, Medical polymers are utilized for a variety of human contact and non-
contact applications in the medical industry. These materials are chiefly used in the manufacture of
medical implants, devices, disposables (gloves, vials, tools), and packaging.
Increasing demand for medical devices, growing aging population, and expanding home healthcare
sector in North America and Europe are some of the key factors responsible for the growth of medical
polymers over the forecast period. Furthermore, Increasing expenditure on healthcare along with the
presence of well-equipped hospitals and healthcare centers are the factors expected to have a positive
impact on industry growth.
Global Medical Polymers Market has been segmented on the Basis of Product Type, Industry, and
Region. Based on Product Type, Medical Polymers Market can be divided into Medical resins and fibers,
Medical elastomers, Biodegradable plastics, Other. In the Industry segment, Market can be sub
segmented into Medical devices and equipment, Medical packaging, Others. The demand for medical
devices and equipment is expected to grow over the forecast period driven primarily by the growing
population coupled with the increase in the prevalence of chronic diseases.
This report focuses on Medical Polymers volume and value at the global level, regional level and
company level. From a global perspective, this report represents the overall Medical Polymers market