Global Medical Polymer Market Demand To Reach 7,149.8 Kilotons by 2020: Grand View Research, Inc
The global market for medical polymers is expected to reach USD 17.05 billion by 2020, according to a new study by Grand View Research, Inc. Increasing substitution of conventional materials such as glass and metals in medical devices by high performance polymers such as PVC and polypropylene coupled with growing demand for medical devices from the fast developing Asian healthcare market is expected to drive medical polymer demand over the next six years. In addition, growing geriatric population is expected to further boost the demand for polymer based devices in minimally invasive surgeries resulting in increased demand for medical polymers.
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Devices and equipments were the largest application markets, accounting for over 2,000 kilo tons of medical polymer demand in 2013. Growing medical tourism due to low cost labor and advanced facilitates in emerging healthcare destinations of India, China, Malaysia and Singapore is expected to have positive impact on the market over the forecast period. Medical polymers are also extensively used in medical packaging applications owing to its superior properties and accounted for 2,271.3 kilo tons of demand in 2013.
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For the purpose of this study, Grand View Research has segmented the global medical polymer market on the basis of product, application and region:
• Medical Polymer Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Resins & Fibers
• Polyvinyl chloride
• Others (Nylon, PET, PA, PC, ABS)
• Styrene block copolymer
• Rubber latex
• Others (TPU, TPO, TPV)
• Biodegradable Plastics
• Medical Polymer Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Medical Devices & Equipments
• Medical Packaging
• Others (Cardio, Tissue Culture)
• Medical Polymer Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
Corporate Sales Specialist, USA
Grand View Research, Inc
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