PUBLISHER: Lucintel | PRODUCT CODE: 1418286
PUBLISHER: Lucintel | PRODUCT CODE: 1418286
Medical Engineered Material Trends and Forecast
The future of the global medical engineered material market looks promising with opportunities in the medical device, medical disposable, medical wearable, and advanced woundcare markets. The global medical engineered material market is expected to reach an estimated $44.4 billion by 2030 with a CAGR of 13.6% from 2024 to 2030. The major drivers for this market are increased healthcare costs in developing markets, growing old age population, and on-going advancements in the medical electronic components and technology.
A more than 150-page report is developed to help in your business decisions.
Medical Engineered Material by Segment
The study includes a forecast for the global medical engineered material by type, application, and region.
List of Medical Engineered Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical engineered material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical engineered material companies profiled in this report include-
Medical Engineered Material Market Insights
Lucintel forecasts that medical plastic will remain the largest segment over the forecast period due to expanding healthcare infrastructure in emerging nations and rising prevalence of chronic diseases.
Within this market, medical disposable will remain the largest segment as it is affordable and biocompatible.
APAC is expected to witness highest growth over the forecast period due to surge in population, increasing need for better healthcare facilities, and rise in lifestyle-related illnesses.
Features of the Global Medical Engineered Material Market
Market Size Estimates: Medical engineered material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Medical engineered material market size by type, application, and region in terms of value ($B).
Regional Analysis: Medical engineered material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the medical engineered material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical engineered material market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the medical engineered material market size?
Answer: The global medical engineered material market is expected to reach an estimated $44.4 billion by 2030.
Q2. What is the growth forecast for medical engineered material market?
Answer: The global medical engineered material market is expected to grow with a CAGR of 13.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the medical engineered material market?
Answer: The major drivers for this market are increased healthcare costs in developing markets, growing old age population, and on-going advancements in the medical electronic components and technology.
Q4. What are the major segments for medical engineered material market?
Answer: The future of the medical engineered material market looks promising with opportunities in the medical device, medical disposable, medical wearable, and advanced woundcare markets.
Q5. Who are the key medical engineered material market companies?
Answer: Some of the key medical engineered material companies are as follows.
Q6. Which medical engineered material market segment will be the largest in future?
Answer: Lucintel forecasts that medical plastic will remain the largest segment over the forecast period due to expanding healthcare infrastructure in emerging nations and rising prevalence of chronic diseases.
Q7. In medical engineered material market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to surge in population, increasing need for better healthcare facilities, and rise in lifestyle-related illnesses.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.