Medical Polymer Market: Current Analysis and Forecast (2021-2027)

The global medical polymer market is likely to showcase a growth of around 8% during the forecast period. Today, the aging population is rapidly growing all over the world and around two-thirds of cancer occurs mainly in people who are 65 years old or above. With aging, the physiological functions of the body get affected such as impairment of vision and hearing, reduced gastrointestinal motility, kidney function, and reduced cardiovascular function. The rise in the geriatric population coupled with overspreading of infectious diseases, and the rising prevalence of cancer, arthritis, and cardiovascular diseases, which require complex surgical treatments propel the medical polymer market growth. In addition, now, countries are focusing more on improving the healthcare sector, which in turn is likely to fuel the market.

Insights Presented in the Report

"Amongst type, the high-performance polymer segment is likely to showcase substantial growth during the forecast period"

Based on type, the market is categorized into commodity polymer, engineering polymer, and high-performance polymer. Among these, the high-performance polymer is likely to showcase robust growth owing to the increasing adoption of these polymers in prosthetics, medical devices, and drug delivery devices applications due to their resilience against a majority of body substances and are highly heat resistant and inert, thereby which makes them ideal for medical devices that come into direct contact with blood and tissue. 

"Amongst applications, medical disposable segment held a prominent share in the market in 2020"

Based on application, the market is categorized into medical disposables, prosthetics, medical instruments & tools, drug delivery, and others. Among these, medical disposables accounted for a significant share of the market and is likely to showcase considerable growth during the forecast period. Medical disposables are single-use products that are prerequisite supplies before any surgery or procedure. As the cases of chronic diseases are increasing, demand for surgery and other procedure will eventually grow. Thereby, increasing the demand for medical disposables. Further, changing lifestyles of people, demand for better healthcare services, and the growing geriatric population are also contributing to the segment growth.

"North America accounted for a considerable share in the global medical polymer market"

For a better understanding of the market adoption of Medical Polymer, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America accounted for a prominent share in the medical polymer market on account of the presence of a highly diversified medical devices market and it offers a wide range of products for the diagnosis and treatment of patients, ranging from medical catheters to implants and vascular grafts.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts

• The report presents a quick review of overall industry performance at one glance

• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

• The study comprehensively covers the market across different segments

• Deep dive country-level analysis of the industry

Customization Options:

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