Medical Polymers Market: By Product Type, By Application Type and Geography    

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Medical Polymers Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Medical Resins & Fibers, Medical Elastomers, Biodegradable Plastics), By Application Type (Medical Devices, Medical Packaging, Pharmaceuticals Grade, Medical Implants, Combination Products, Others) and Region    

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Medical Polymers Market size was valued at US$ 18.05 billion in 2023 and is expected to reach a value of US$ 30.95 billion by 2030, growing at a CAGR of 9.4% from 2024 to 2030. The global market provides a detailed overview of the market and that can be by product type, by application. By product type, The market has been segmented into Medical Resins & Fibers, Medical Elastomers, and Biodegradable Plastics. The Medical Resins & Fibers segment is likely to be the largest and fastest-growing segment in terms of type. Based on application, type the market is segmented into Medical Devices, Medical Packaging, Pharmaceuticals Grade, Medical Implants, Combination Products, and Others.  Among these, the Medical Devices segment is expected to have the fastest-growing market during the forecast period 2024-2030.

Medical Polymers Market Key Developments

In November 2021, Arkema launched high rigidity Advanced Bio-Circular polyamide 11 medical polymer used to replace metal and traditional polymers for various medical applications.

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Medical Polymers Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.4%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Medical Polymers Market Drivers

Rapid growth in medical devices and packaging industry coupled with development of advanced products by the market players are anticipated to propel the  market over the forecast years. In addition, rise in healthcare expenditure, increase in R&D for the development of medical devices, and increase in adoption of biodegradable plastics are anticipated to burgeon the growth of market over the forecast period.

Medical Polymers Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 18.05 billion

Market Size in 2030

US$ 30.95 billion

Market CAGR

9.4%

By Product Type

  • Medical Resins & Fibers,
  • Medical Elastomers,
  • Biodegradable Plastics

By Application

  • Medical Devices,
  • Medical Packaging,
  • Pharmaceuticals Grade,
  • Medical Implants,
  • Combination Products,
  • Others

By Region

  • North America,
  • Europe,
  • Asia Pacific,
  • Latin America and
  • Middle East and Africa.

Key Features of the Report

  • The medical polymers market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

Medical polymers market size was valued at US$ 18.05 billion in 2023 and is set to reach a value of US$ 30.95 billion by 2030, growing at a CAGR of 9.4%.

BASF SE, DSM N.V, DuPont, Eastman Chemical, Evonik Industries AG, Celanese Corporation, Bayer Material Science AG

Asia-Pacific is the fastest-growing region for the market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Medical Polymers Market Introduction
2.1. Global Medical Polymers Market Taxonomy
2.2. Global Medical Polymers Market Definitions
2.2.1. By Products
2.2.2. By Application Type
2.2.3. By Region
3. Global Medical Polymers Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Medical Polymers Market Dynamic Factors - Impact Analysis
3.6. Global Medical Polymers Market Competition Landscape
4. Global Medical Polymers Market Analysis, 2019-2023 and Forecast, 2024-2030
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Medical Polymers Market, By Products, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
5.1. Medical Resins & Fibers (Polyvinyl Chloride, Polypropylene, Polyethylene, Polystyrene)
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Medical Elastomers ( Styrene Block Copolymer, Rubber Latex, Others)
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Biodegradable Plastics
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Medical Polymers Market, By Application Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
6.1. Medical Devices
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Medical Packaging
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Pharmaceuticals Grade
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Medical Implants
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Combination Products
6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Others
6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global Medical Polymers Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
7.1. North America
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Medical Polymers Market - Opportunity Analysis Index, By End-User Industry, End-User Industry, and Region, 2024-2030
8. North America Medical Polymers Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
8.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Medical Resins & Fibers
8.1.1.1. Polyvinyl Chloride
8.1.1.2. Polypropylene
8.1.1.3. Polyethylene
8.1.1.4. Polystyrene
8.1.1.5. Others
8.1.2. Medical Elastomers
8.1.2.1. Styrene Block Copolymer
8.1.2.2. Rubber Latex
8.1.2.3. Others
8.1.3. Biodegradable Plastics
8.2. Application Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Medical Devices
8.2.2. Medical Packaging
8.2.3. Pharmaceuticals Grade
8.2.4. Medical Implants
8.2.5. Combination Products
8.2.6. Others
8.3. Country Analysis 2019-2023 and Forecast 2024-2030  by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. U.S.
8.3.2. Canada
8.4. North America Medical Polymers Market - Opportunity Analysis Index, By Product, By By Application, and Country, 2024-2030
8.5. North America Medical Polymers Market Dynamics Trends
9. Europe Medical Polymers Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Medical Resins & Fibers
9.1.1.1. Polyvinyl Chloride
9.1.1.2. Polypropylene
9.1.1.3. Polyethylene
9.1.1.4. Polystyrene
9.1.1.5. Others
9.1.2. Medical Elastomers
9.1.2.1. Styrene Block Copolymer
9.1.2.2. Rubber Latex
9.1.2.3. Others
9.1.3. Biodegradable Plastics
9.2. Application Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Medical Devices
9.2.2. Medical Packaging
9.2.3. Pharmaceuticals Grade
9.2.4. Medical Implants
9.2.5. Combination Products
9.2.6. Others
9.3. Country Analysis 2019-2023 and Forecast 2024-2030  by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Poland
9.3.8. Rest of Europe
9.4. Europe Medical Polymers Market - Opportunity Analysis Index, By Product, By By Application, and Country, 2024-2030
9.5. Europe Medical Polymers Market Dynamics Trends
10. Asia-Pacific Medical Polymers Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
10.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Medical Resins & Fibers
10.1.1.1. Polyvinyl Chloride
10.1.1.2. Polypropylene
10.1.1.3. Polyethylene
10.1.1.4. Polystyrene
10.1.1.5. Others
10.1.2. Medical Elastomers
10.1.2.1. Styrene Block Copolymer
10.1.2.2. Rubber Latex
10.1.2.3. Others
10.1.3. Biodegradable Plastics
10.2. Application Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Medical Devices
10.2.2. Medical Packaging
10.2.3. Pharmaceuticals Grade
10.2.4. Medical Implants
10.2.5. Combination Products
10.2.6. Others
10.4. Country Analysis 2019-2023 and Forecast 2024-2030  by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Japan
10.4.2. China
10.4.3. India
10.4.4. ASEAN
10.4.5. Australia & New Zealand
10.4.6. Rest of Asia-Pacific
10.5. Asia-Pacific Medical Polymers Market - Opportunity Analysis Index, By Product, By By Application, and Country, 2024-2030
10.6. Asia-Pacific Medical Polymers Market Dynamics Trends
11. Latin America Medical Polymers Market Analysis, 2019-2023 and Forecast, 2022 2028
11.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Medical Resins & Fibers
11.1.1.1. Polyvinyl Chloride
11.1.1.2. Polypropylene
11.1.1.3. Polyethylene
11.1.1.4. Polystyrene
11.1.1.5. Others
11.1.2. Medical Elastomers
11.1.2.1. Styrene Block Copolymer
11.1.2.2. Rubber Latex
11.1.2.3. Others
11.1.3. Biodegradable Plastics
11.2. Application Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Medical Devices
11.2.2. Medical Packaging
11.2.3. Pharmaceuticals Grade
11.2.4. Medical Implants
11.2.5. Combination Products
11.2.6. Others
11.3. Country Analysis 2019-2023 and Forecast 2024-2030  by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Medical Polymers Market - Opportunity Analysis Index, By Product, By By Application, and Country, 2024-2030
11.5. Latin America Medical Polymers Market Dynamics Trends
12. Middle East and Africa Medical Polymers Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn )
12.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Medical Resins & Fibers
12.1.1.1. Polyvinyl Chloride
12.1.1.2. Polypropylene
12.1.1.3. Polyethylene
12.1.1.4. Polystyrene
12.1.1.5. Others
12.1.2. Medical Elastomers
12.1.2.1. Styrene Block Copolymer
12.1.2.2. Rubber Latex
12.1.2.3. Others
12.1.3. Biodegradable Plastics
12.2. Application Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Medical Devices
12.2.2. Medical Packaging
12.2.3. Pharmaceuticals Grade
12.2.4. Medical Implants
12.2.5. Combination Products
12.2.6. Others
12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Medical Polymers Market - Opportunity Analysis Index, By Product, By By Application, and Country, 2024-2030
12.5. MEA Medical Polymers Market Dynamics Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. BASF SE
13.2.2. Bayer Material Science AG
13.2.3. Celanese Corporation
13.2.4. DSM N.V
13.2.5. DuPont
13.2.6. Eastman Chemical
13.2.7. Evonik Industries AG
13.2.8. Exxon Mobil Corporation
13.2.9. Dow, Inc
13.2.10. Huizhou Foryou Medical Device Co. Ltd.
13.2.11. Kraton Performance Polymers Inc.
13.2.12. Tianjin Plastics Research Institute Co. Ltd.
13.2.13. Formosa Plastics Corporation
13.2.14. Shanghai New Shanghua Polymer Material Co. Ltd
13.2.15. Sinopec Beijing Yanshan Company
13.2.16. Others
14. Research Methodology
15. Key Assumptions and Acronyms

Key Market Players

  • BASF SE
  • Bayer Material Science AG
  • Celanese Corporation
  • DSM N.V
  • DuPont
  • Eastman Chemical
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Dow, Inc
  • Huizhou Foryou Medical Device Co. Ltd.
  • Kraton Performance Polymers Inc.
  • Tianjin Plastics Research Institute Co. Ltd.
  • Formosa Plastics Corporation
  • Shanghai New Shanghua Polymer Material Co. Ltd
  • Sinopec Beijing Yanshan Company
  • Others

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