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Medical Polymers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Medical Polymers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Medical Polymers Market: 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 Geography

 

 

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Report

Description

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

Key Development:

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

MARKET SUMMARY
-
9.4% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 9.4%
  • Largest Market– North-America
  • Fastest Growing Market– Asia-Pacific

Medical Polymers Market

  • The medical polymers market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The medical polymers market is segmented based on product type, application, and geography.
Key Players
  • BASF SE,
  • DSM N.V, DuPont,
  • Eastman Chemical,
  • Evonik Industries AG
  • Celanese Corporation,
  • Bayer Material Science AG,
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

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Medical Polymers Market Segmentation

segmentation-block-image

product type

    • Medical Resins & Fibers,
    • Medical Elastomers,
    • Biodegradable Plastics
segmentation-block-image

By Application

    • Medical Devices,
    • Medical Packaging,
    • Pharmaceuticals Grade,
    • Medical Implants,
    • Combination Products,
    • Others
segmentation-block-image

By Geography

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

GEOGRAPHY

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

Report

Table Of Content

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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
5.1. Medical Resins & Fibers (Polyvinyl Chloride, Polypropylene, Polyethylene, Polystyrene)
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
6.1. Medical Devices
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
8. North America Medical Polymers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
8.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028  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, 2022 – 2028
8.5. North America Medical Polymers Market Dynamics – Trends
9. Europe Medical Polymers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028  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, 2022 – 2028
9.5. Europe Medical Polymers Market Dynamics – Trends
10. Asia-Pacific Medical Polymers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
10.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028  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, 2022 – 2028
10.6. Asia-Pacific Medical Polymers Market Dynamics – Trends
11. Latin America Medical Polymers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
11.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028  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, 2022 – 2028
11.5. Latin America Medical Polymers Market Dynamics – Trends
12. Middle East and Africa Medical Polymers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
12.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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
Report

Company Profile

  • 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

Description

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

Key Development:

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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