Market Revenue Medical Polymers Market Estimates, Share, Vendors

Medical Polymers Market Estimates, Share, Vendors, Growth Rate
Forecast 2012-2020
“Medical Polymers Market is expected to reach USD 17.05 billion by 2020.
Medical grade polymer materials are an important share of the contemporary
healthcare system. These materials fulfill with worldwide controlling
necessities and are precisely manufactured and engineered for medical use.”
Global Medical Polymers Market is expected to reach USD 17.05 billion by 2020. Medical grade polymer
materials are an important share of the contemporary healthcare system. These materials fulfill with worldwide
controlling necessities and are precisely manufactured and engineered for medical use. Their obtainability is
sure for a lengthier period than normal grades. This allows device designers to surely design and stipulates
profitable products for users universally. The medical polymers market is estimated to grow at a significant
CAGR of 8.4% over the future period as the scope and its applications are rising enormously across the globe.
High demand for high strength and lightweight plastic materials, rising demand for plastic materials, and high
demand for polymers from kay manufacturers are documented as major factors of medical polymers industry
that are estimated to enhance the growth in the years to come.
Also, high demand for biodegradable and biocompatible products in medical devices will boost overall market
growth in the upcoming years. However, demand supply gap and fluctuating prices of products may restrain
overall market growth in the future period. The market is segmented based on product type, application, and
region. Biodegradable medical polymers, medical resins & fibers, and medical elastomers are the product types
that could be explored in medical polymers industry over the forecast period. Medical resins & fibers include
polystyrene, polyvinyl chloride, polyethylene, polypropylene, and others. On the other hand, medical
elastomers include rubber latex, styrene block copolymer, and others.
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