Medical Polymers Market size is valued at USD 18.05 billion in 2021 and expected to reach a value of USD 30.95 billion by 2028, growing at a CAGR of 9.4% during the forecast period 2022 to 2028. 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.
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.