Medical polymer materials are an essential part of the modern healthcare system. These materials comply with regulatory agencies worldwide, and are specifically engineered and manufactured for medical use. A polymer is a molecule, made from joining together many small molecules called monomers. Medical polymers have major application in procedures such as joint replacement, orthopedic implants, and dental implants. The most used polymer for manufacturing of medical devices such as syringes is Polyvinyl chloride (PVC), because of its properties such as versatility, availability, and low price. Medical polymers are biocompatible in nature and either remain inert or are easily processed by the human body.
Get FREE Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-sample/4163
Medical Polymer Market-Drivers
Technology advancement in medical polymer is expected to drive growth of the medical polymer market over the forecast period, owing to increase demand of Sponge-like polymer for spinal injury. For instance, according to the American Chemical Society (ACS), in 2016, scientists from The Mayo Clinic developed biodegradable polymer grafts which surgically placed in the damaged vertebrate, can grow into the right size and shape to fix the spinal column.
Increasing demand for packaging materials for blood bags and syringes is expected to facilitate the medical polymer market growth in the near future. PVC is a widely preferred material for the packaging of blood bags and the main reason behind using PVC material which have certain permeability to oxygen for blood platelets.
Medical Polymer Market-Restraints
Varying cost of raw materials is a major factor restraining growth of the medical polymer market. Moreover, the price of raw materials is impacted by variations in the price of crude oil which is used in the process of manufacturing polymers.
Get Discount For First Time Buyers
Apply Promo Code “CHRISTMAS2020” And Get Instant Discount Of USD 1000
Buy Now this Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/4163
Medical Polymer Market-COVID-19 Impact Analysis
The coronavirus pandemic is expected to make a positive impact on the global medical polymer market world-wide. As the demand for disposable consumables has increased to meet the COVID-19 infected patients’ unmet need for treatment, the production of hospital equipment and consumables also been increased by the manufacturers, which in turn increased the demand for medical polymers market in the medical device industry.
Medical Polymer Market-Regional Analysis
On the basis of region, the medical polymer market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to dominate the medical polymer market over the forecast period, owing to increasing prevalence of joint replacement surgeries. For instance, according to the National Center for Biotechnology Information (NCBI), 2015 report, around 7 million people
Europe is expected to witness significant growth over the forecast period, owing to implementation of stringent regulations and guidelines in the region. For instance, according to the European Union Medical Device Regulation which was implemented in 2017, all medical devices shall be designed and manufactured in a way that make them safe and effective.
Medical Polymer Market-Competitive Landscape
Key players operating in medical polymer market include Bayer AG, Evonik Industries, Celanese, DuPont, Dow Chemical, Eastman Chemical, Huntsman, Lubrizol, Ensinger, Trinseo, BASF, Arkema, Biomerics, and DSM.
To get a detailed table of content (ToC), please click – https://www.coherentmarketinsights.com/ongoing-insight/toc/4163
Medical Polymer Market-Taxonomy
The medical polymer market is segmented on the basis of product type, application, and region.
By Product Type
- Polypropylene
- Polyethylene
- Polystyrene
- Hydrogel
- Polyvinyl Chloride
- Biodegradable
- Rubber Latex
By Application
- Surgical Instrument
- Diagnostic Equipment
- Orthopedic Implants
- Dental Implants
- Disposable
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
