Advent of 3D Printed Devices and Development of Patient-Specific Implants to Proliferate Medical Polymer Industry | UnivDatos Market Insights
NOIDA, India, Sept. 21, 2022 /PRNewswire/ -- According to a new report published by UnivDatos Markets Insights, the Medical Polymer Market was valued around USD 16 billion in 2020 and is expected to grow at a CAGR of over 8% during 2021-2027. The analysis has been segmented into Type (Commodity Polymer, Engineering Polymer, and High-Performance Polymer); Structure (Amorphous and Crystalline); Application (Medical Disposables, Prosthetics, Medical Instruments & Tools, Drug Delivery, and Others); Region/Country.
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The Medical Polymer market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Medical Polymer market. The Medical Polymer market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Medical Polymer market at the global and regional levels.
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The demand for the medical polymer is increasing on account of the rising demand for advanced medical technology in implants, growing demand for artificial organs, smart inhalers, precision medicines, rising preference for the minimally invasive devices or surgical procedures and rise in the need for robotic assistance in surgical procedures. In the recent few years, the number of injuries due to accidents is also increasing which high demands the use of prosthetics products, further boosting the growth of the medical polymer market. As per the WHO 2021, around 1.3 million people die each year due to road traffic crashes and around 20 to 50 million more people suffer non-fatal injuries, with many experiencing a disability due to their injury. These medical plastics are highly used in prosthetics, providing a life-changing solution for physically disabled people. Further, rising investment in the healthcare sector in developing economies in order to improve the healthcare infrastructure and the rising geriatric population which are looking for safe and advanced procedures is likely to propel the market of medical polymer.
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The global Medical Polymer market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
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Medical Polymer Market Geographical Segmentation Includes:
North America accounted for a prominent share in the medical polymer market on account of the presence of a highly diversified medical devices market and it offers a wide range of products for the diagnosis and treatment of patients, ranging from medical catheters to implants and vascular grafts. Moreover, the high investment in R&D and the development of high-quality products using advanced technology are also expected to propel market growth. The innovations, for example, stent technologies, biomarkers, neuro-stimulators, robotic assistance, and implantable electronic devices in the medical device, further drive the market growth. In November 2019, Cardiology devices developer Baylis Medical has launched one of the smallest 2-French (2F) EPstar fixed electrophysiology catheters in the North American market to reach different areas of the heart to perform procedure mapping.
The major players targeting the market include
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Medical Polymer Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
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Medical Polymer Market Report Coverage
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