Medical Polymers Market Size Worth $27.75 Billion By 2028 | CAGR

8.0%: Grand View Research, Inc. - Seite 2

The medical devices and equipment was the largest application segment for medical polymers, with a market share of 53.80% in 2020. The growing scope of flexible packaging in medical goods is anticipated to drive the growth of the segment. The increasing consumer awareness of hygiene further supports the demand for flexible packaging in medical goods. The rise of the home healthcare market has contributed to the growing popularity of medical polymers, and this trend is expected to continue in the forthcoming years.

Increasing R&D spending for biodegradable plastics coupled with application development by market participants is anticipated to create promising prospects for market growth. PVC and PP occupy the largest market share due to various superior attributes such as high mechanical, thermal, chemical strength, wear and corrosion resistance, and high resilience and endurance levels. This allows these materials to be consumed in various medical applications. However, raw material price volatility and crude oil price fluctuation can impact market growth.

Grand View Research has segmented the global medical polymers market based on product, application, and region:

• Medical Polymers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
• Medical Resins & Fibers
• Polyvinyl Chloride
• Polypropylene
• Polyethylene
• Polystyrene
• Others
• Medical Elastomers
• Styrene Block Co-polymer
• Rubber Latex
• Others
• Biodegradable Plastics
• Medical Polymers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
• Medical Equipment & Devices
• Medical Packaging
• Others
• Medical Polymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa.

List of Key Players of Medical Polymers Market