Global $17 Bn Medical Polymers Market Forecast to 2028: Impact of COVID-19 on Market Revenues - ResearchAndMarkets.com

The "Global Medical Polymers Market Size Forecast to 2028 - Trends, Analysis and Outlook by Application, Type, and Geography" report has been added to ResearchAndMarkets.com's offering.

Key Insights from the Global Medical Polymers Market

• The Global Medical Polymers market is valued at $17 billion in 2020.
• Implants is the largest application for Medical Polymers.
• Fibers and resins are the dominant type of Medical Polymers.
• North America is the largest market for Medical Polymers.

The $17 billion Medical Polymers industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Medical Polymers market from 2020 to 2028. The Medical Polymers market research report presents detailed Medical Polymers market analysis, and forecasts to 2028. Detailed insights into global and regional Medical Polymers market statistics, Medical Polymers companies and growth prospects across verticals are included.

Medical Polymers Market Overview and Developments in 2020

The report presents a snapshot of recent market trends in the Medical Polymers industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, Porter's five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Medical Polymers Market Revenue

The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Medical Polymers manufacturers and vendors. However, we expect the negative impact of COVID-19 on Medical Polymers to be compensated over the medium to long term future.

Medical Polymers Market Size and Outlook by Type to 2028

This chapter presents an insight into different Medical Polymers types and their contribution to global market growth. The growth in global Medical Polymers market size is forecast to continue despite the economic challenges. The report forecasts the Medical Polymers market revenue across different Types, which include - Fibers and resins, Elastomers, Biodegradable medical polymers. Of these, Fibers and Resins dominate the global Medical Polymers market.

Medical Polymers Market Share and Outlook by End-user Industry to 2028

The research suggests that there is a strong case for the development of new applications of Medical Polymers worldwide. Different application segments analyzed in the report are Implants, Diagnostic systems, Hospital accessories. The study identifies that Implants application has the most substantial value-creation potential.

Global Medical Polymers Company Profiles

The report presents business profiles of major companies operating in the industry including Celanese Corporation, Covestro AG, Eastman Chemical Company, Evonik Industries AG, The DOW Chemical Company.

The business overview, SWOT profile and product information are provided for all the companies.

The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Scope of the Research

• Global and regional Medical Polymers Market Size estimates in revenue terms from 2019 to 2028.
• Segmentation analysis across types, applications, and geographies.
• Strategic analysis through trends, drivers, challenges, opportunities, Porter's five forces analysis.
• Market Developments including M&A, new product development, and competitive analysis.
• Potential strategies of leading companies

For more information about this report visit https://www.researchandmarkets.com/r/8nqx81

View source version on businesswire.com: https://www.businesswire.com/news/home/20200527005768/en/