According
to a new market report published by Transparency Market Research "
Medical Polymers
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2013 - 2019", the market was valued at USD 11.16
billion in 2012, and is expected to reach USD 15.90 billion by 2019,
growing at a CAGR of 5.2% from 2013 to 2019. Lack of adequate power
infrastructure and increasing demand for reliable electricity
delivery are the major driving forces of this market.
Browse
the full Medical Polymers Market Report:
http://www.transparencymarketresearch.com/medical-polymers-market.html
Increase
in life expectancy leading to increased demand for healthcare
treatment is expected to be the key driver for the medical polymers
market. It is estimated that by 2050, over 16% of the global
population would be over 65 years of age. This would result in higher
demand for home healthcare treatment as the above-mentioned
populations is the key segment for the market. Home healthcare
directly impacts the sale of medical disposables, which are
increasingly being made from polymers owing to reduced cost and
superior performance. The development and use of biodegradable
plastic in medical industry is also expected to be a key feature
responsible for the development of the market over the forecast
period.
Fibers
and resins dominated the medical polymers market and accounted for
over 85% of global consumption in 2011. PVC and PP were the highest
consumed resins accounting for over 55% of the segment sale in 2011.
However, engineering thermoplastics like PC and ABS are expected to
have the fastest growth in the resins and fibers segment, growing at
a CAGR of over 8% from 2012 to 2018. Medical Elastomers such as SBC,
TPU, TPO, Silica Rubber and TPV among others were the second largest
consumed product segment for the market and recorded consumption of
over 550 kilo tons in 2011. In spite of its small market size,
biodegradable plastics are expected to witness exponential growth
over the forecast period.
Medical
polymers are used in applications such as medical devices and
equipment, packaging, cardiology stents and tissue engineering.
Medical devices and equipment was the most dominant application
segment for medical polymers in 2011 accounting for nearly 50% of the
global volume. Medical packaging was the second largest application
segment in 2011 and is expected to witness the fastest growth over
the forecast period owing to substitution of conventional materials
such as glass by PVC, PP and engineering thermoplastics.
North
America was the largest consumer of medical polymers and consumed
over 1,800 kilo tons in 2011. North America and Europe are expected
to remain dominant markets for medical polymers over the next six
years owing to the negligible impact of economic downturn on the
medical industry in these regions. Asia Pacific is expected to be the
fastest growing market over the forecast period majorly due to the
shift in manufacturing activities from western countries to countries
such as India and China.
Some
of the key participants profiled in the report include DuPont, BASF,
Bayer Material Sciences, Eastman Chemicals, Dow Chemicals, Kraton and
Evonik among others. The report gives a comprehensive view of the
medical polymer market in terms of volume and revenue. In addition,
the report includes current demand analysis and forecast for each
product in North America, Europe, Asia Pacific and Rest of the World.
The report comprises of the following segments:
Medical
Polymers Market: Product Segment Analysis
Medical
Resins and Fibers
Medical
Elastomers
Biodegradable
Plastics
The
product segments have been further analyzed based on the materials
used in various medical applications.
Medical
Resins and Fibers
Polyvinyl
chloride (PVC)
Polypropylene
(PP)
Polyethylene
(PE)
Polystyrene
(PS)
Others
(Engineering thermoplastics such as ABS, PC, PET)
Medical
Elastomers
Styrene
Block Copolymer (SBC)
Rubber
latex
Others
(TPU, TPV, TPO)
Medical
Polymers Market: Application Analysis
Medical
Devices and Equipment
Medical
Packaging
Others
(Tissue engineering, cardio stents)
The
report provides a cross-sectional analysis of all the above product
segments with respect to the following regions:
North
America
Europe
Asia
Pacific
Rest
of the World (RoW)
About
Us
Transparency
Market Research is a market intelligence company providing global
business information reports and services. Our exclusive blend of
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insight for thousands of decision makers.
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are privileged with highly experienced team of Analysts, Researchers
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and techniques to gather, and analyze information. Our business
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Market Research
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