- Medical Resins & Fibers,
- Medical Elastomers,
- Biodegradable Plastics
Medical Polymers Market size was valued at USD 18.05 billion in 2022 and is expected to reach a value of USD 30.95 billion by 2028, growing at a CAGR of 9.4% from 2023 to 2029. The global market provides a detailed overview of the market and that can be by product type, by application. By product type, The medical polymers 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 Medical Polymers 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 2022-2028.
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.
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 medical polymers 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.
North-America Got significant share
Medical Polymers Market Regional Analysis
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The 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 competitor’s overview, company share analysis, key market developments, and their 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 start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Medical Polymers Market Segmentation
By Product Type
By Application
- Medical Devices,
- Medical Packaging,
- Pharmaceuticals Grade,
- Medical Implants,
- Combination Products,
- Others
By Geography
- North America,
- Europe,
- Asia Pacific,
- Latin America and
- Middle East and Africa.
Frequently Asked Questions
The Medical Polymers Market is projected to expand at a CAGR of 9.4% during the forecast period.
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 Medical Polymers Market
| 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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.1. Medical Resins & Fibers (Polyvinyl Chloride, Polypropylene, Polyethylene, Polystyrene) |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1. Medical Devices |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 8. North America Medical Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029Â 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, 2023 - 2029 |
| 8.5. North America Medical Polymers Market Dynamics Trends |
| 9. Europe Medical Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029Â 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, 2023 - 2029 |
| 9.5. Europe Medical Polymers Market Dynamics Trends |
| 10. Asia-Pacific Medical Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029Â 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, 2023 - 2029 |
| 10.6. Asia-Pacific Medical Polymers Market Dynamics Trends |
| 11. Latin America Medical Polymers Market Analysis, 2018 - 2022 and Forecast, 2022 2028 |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029Â 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, 2023 - 2029 |
| 11.5. Latin America Medical Polymers Market Dynamics Trends |
| 12. Middle East and Africa Medical Polymers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- 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