PUBLISHER: IMARC | PRODUCT CODE: 1379001
PUBLISHER: IMARC | PRODUCT CODE: 1379001
Medical Polymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global medical polymers market size reached US$ 20.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2022-2028.
Medical polymers comprise bulk materials, coatings, and pharmaceutical nano-carriers used for making drugs in regenerative medicine and tissue engineering. They offer versatility, strength, flexibility, biodegradability, biocompatibility, sterilization stability, and fatigue, heat, and electrical resistance. Several manufacturers are currently proving different types of medical polymers with adjusted molecular weight, crosslinking and crystallization degrees, copolymers and blends, and additional bioactive surface functionalization. Moreover, the growing demand for new and innovative medical devices is escalating the need for medical polymers worldwide to support device development and sustainability.
Medical Polymers Market Trends:
The rising need for swabs, medical devices, disposable masks, and personal protective equipment (PPE) to diagnose and treat individuals with coronavirus disease (COVID-19) represents one of the key factors impelling the demand for medical polymers. Apart from this, the increasing prevalence of infectious, chronic, cardiovascular, and other chronic diseases is propelling the adoption of advanced medical devices, which, in turn, is contributing to the market growth. Additionally, governments of numerous countries are financing medical research and development (R&D) projects to improve healthcare infrastructure. Besides this, the increasing need for organ transplantation due to the growing geriatric population and escalating number of accidents is driving the market. Furthermore, the emerging trend of medical tourism and the increasing popularity of home healthcare services are promoting the market growth. The leading market players are also focusing on introducing new and sophisticated biopolymers, which is projected to enhance the application of medical polymers in orthopedic stabilizing materials and vascular stents.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical polymers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and application.
Breakup by Product Type:
Medical Resins and Fibers
Polyvinyl Chloride
Polypropylene
Polyethylene
Polystyrene
Others
Medical Elastomers
Styrene Block Copolymer
Rubber Latex
Others
Biodegradable Plastics
Breakup by Application:
Medical Equipment and Devices
Medical Packaging
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Celanese Corporation, Covestro AG, DuPont, Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Huizhou Foryou Medical Device Co. Ltd., Kraton Corporation and Solvay S.A.
Key Questions Answered in This Report:
- How has the global medical polymers market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global medical polymers market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global medical polymers market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Medical Polymers Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Medical Resins and Fibers
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Polyvinyl Chloride
- 6.1.2.2 Polypropylene
- 6.1.2.3 Polyethylene
- 6.1.2.4 Polystyrene
- 6.1.2.5 Others
- 6.1.3 Market Forecast
- 6.2 Medical Elastomers
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Styrene Block Copolymer
- 6.2.2.2 Rubber Latex
- 6.2.2.3 Others
- 6.2.3 Market Forecast
- 6.3 Biodegradable Plastics
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Medical Equipment and Devices
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Medical Packaging
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 BASF SE
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Celanese Corporation
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Covestro AG
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 DuPont
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Eastman Chemical Company
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Evonik Industries AG
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Exxon Mobil Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Huizhou Foryou Medical Device Co. Ltd.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Kraton Corporation
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Solvay S.A.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.1 BASF SE
List of Figures
- Figure 1: Global: Medical Polymers Market: Major Drivers and Challenges
- Figure 2: Global: Medical Polymers Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Medical Polymers Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Medical Polymers Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Medical Polymers Market: Breakup by Application (in %), 2022
- Figure 6: Global: Medical Polymers Market: Breakup by Region (in %), 2022
- Figure 7: Global: Medical Polymers (Medical Resins and Fibers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Medical Polymers (Medical Resins and Fibers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Medical Polymers (Medical Elastomers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Medical Polymers (Medical Elastomers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Medical Polymers (Biodegradable Plastics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Medical Polymers (Biodegradable Plastics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Medical Polymers (Medical Equipment and Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Medical Polymers (Medical Equipment and Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Medical Polymers (Medical Packaging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Medical Polymers (Medical Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Medical Polymers (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Medical Polymers (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: North America: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: North America: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: United States: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: United States: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Canada: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Canada: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Asia-Pacific: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Asia-Pacific: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: China: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: China: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Japan: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Japan: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: India: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: India: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: South Korea: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: South Korea: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Australia: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Australia: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Indonesia: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Indonesia: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Others: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Others: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Europe: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Europe: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Germany: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Germany: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: France: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: France: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United Kingdom: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United Kingdom: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Italy: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Italy: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Spain: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Spain: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Russia: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Russia: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Others: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Others: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Latin America: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Latin America: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Brazil: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Brazil: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Mexico: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Mexico: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Middle East and Africa: Medical Polymers Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Middle East and Africa: Medical Polymers Market: Breakup by Country (in %), 2022
- Figure 67: Middle East and Africa: Medical Polymers Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Global: Medical Polymers Industry: SWOT Analysis
- Figure 69: Global: Medical Polymers Industry: Value Chain Analysis
- Figure 70: Global: Medical Polymers Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Medical Polymers Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Medical Polymers Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Medical Polymers Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Medical Polymers Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Medical Polymers Market: Competitive Structure
- Table 6: Global: Medical Polymers Market: Key Players
