Medical Polymers Market 2021 Regional Trend | Growth Projections to 2027 - PowerPoint PPT Presentation

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Medical Polymers Market 2021 Regional Trend | Growth Projections to 2027

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Medical Polymers Market size was valued at over USD 16.5 billion in 2020 and is estimated to exhibit 9.4% CAGR from 2021 to 2027 – PowerPoint PPT presentation

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Title: Medical Polymers Market 2021 Regional Trend | Growth Projections to 2027


1
Medical Polymers Market to at over 9.4 CAGR from
2021 to 2027 Global Market Insights, Inc.
2
Overview of Medical Polymers Market
  • The global medical industry is witnessing
    considerable utilization of several polymeric
    materials across tissue engineering and drug
    delivery applications. These products offer
    flexibility, ease of fabrication, and
    biocompatibility while exhibiting mechanical,
    electrical, thermal, and chemical behaviors upon
    combining with different other materials.
  • The growing deployment of innovative technologies
    and rapid strides in modern medicine have also
    paved the path for the greater use of
    biomaterials.
  • Presently, a multitude of biological, hybrid and
    synthetic polymers are adopted across multiple
    medical applications to cater to specific
    requirements as they can tune to physical,
    chemical, and biological properties.

3
Continue
  • While polymeric biomaterials are biodegradable
    and can be broken down and removed post serving
    their function, degradable polymers are
    clinically used as surgical sutures and implants.
    Biocompatible and biostable polymers have also
    largely grown popular for packaging implanted
    devices.
  • The influx of novel methods for the synthesis as
    well as the modification of the polymers will
    influence the higher product penetration.
  • Looking into these emerging trends, several
    prominent medical polymers market players are
    actively turning to innovations and are focusing
    on ramping up their production capacities to
    increment their revenue sales.

4
Continue
  • Fibers and resins, on account of their lower
    cost, lighter weight, and better biocompatibility
    are extensively incorporated in medical
    applications. They mostly constitute polyvinyl
    chloride (PVC), polypropylene, polystyrene,
    polyethylene, polyimide, polycarbonate, and
    polyurethane, among others.
  • PVC, given its higher popularity as a versatile
    plastic, marks a widespread presence in safe,
    pre-sterilized, single-use medical devices to
    offer improved treatment and limit
    cross-contamination between the patients.
  • In fact, PVC is a largely utilized plastic within
    the healthcare sector and accounts for close to
    25 of all medical-plastic compounds. Its
    increasing acceptance over glass, ceramics,
    metal, and rubber to exhibit weather resistance,
    durability, and fire retardancy will drive
    medical polymers market growth in the long run.

5
Continue
  • The intensifying demand for medical devices has
    stirred the need for easy to handle, and lighter
    in weight alternatives to metals and glass. The
    WHO (World Health Organization) has reported that
    there are over 2 million different kinds of
    medical devices in the world market.
  • In order to enhance the quality of healthcare
    delivery, polymers and polymer matrix composites
    are tremendously utilized in medical devices
    equipment. These materials make it easy to
    maintain sterility and hence are used in the
    production of cheap as well as disposable tools
    and devices, including catheters, syringes, and
    surgical gloves.
  • Of late, polypropylene is highly adopted in
    surgical meshes trays, suture materials,
    oxygenator membranes, and extruded film
    applications like medical pouches and monoblastic
    packaging containers.

6
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7
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