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Global Medical Polymers Market 2017-2021

Global Medical Polymers Market 2017-2021

About Medical Polymers

Polymers are composed of many repeated subunits of monomer. Polymers find a wide range of applications in the medical industry, including implants, diagnostic systems, and accessories. Medical polymers are lighter in weight as compared with other counterparts such as metals and thus, are preferred for lightweight applications. In addition, biodegradable polymers also eliminate the need for repeated surgery in case of implants for removing the implanted device. The global medical polymers market is anticipated to grow at CAGR of 8.15% during the forecast period.

Technavio’s analysts forecast the global medical polymers market to grow at a CAGR of 8.15% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global medical polymers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of medical polymers for applications such as implants, diagnostic systems, and hospital accessories.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Medical Polymers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Celanese
  • Covestro
  • Dow Chemical
  • Eastman Chemical
  • Evonik
Other prominent vendors
  • Borealis
  • DSM
  • DuPont
  • ExxonMobil
  • Huizhou Foryou Medical Devices
  • Kraton Performance Polymers
  • Victrex
Market driver
  • Growing use of thermoformed plastics for healthcare and medical packaging
  • For a full, detailed list, view our report
Market challenge
  • Manufacturing challenges hindering profitability
  • For a full, detailed list, view our report
Market trend
  • Biodegradable plastics for implants
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Medical Polymers Market 2017-2021

Technavio recognizes the following companies as the key players in the global medical polymers market: Celanese, Covestro, Dow Chemical, Eastman Chemical, and Evonik

Other Prominent Vendors in the market are: Borealis, DSM, DuPont, ExxonMobil, Huizhou Foryou Medical Devices, Kraton Performance Polymers, and Victrex

Commenting on the report, an analyst from Technavio’s team said: “Biodegradable plastics are widely used for packaging applications; however, their use is increasing in other applications also including the medical industry. Biodegradable plastics are preferred in implants as these have outcome and performance advantages over alternatives such as drugs. Bioplastics eliminate the need for the second surgery for the removal of the device, thus, reducing the total treatment time of the patient. Removal of a metal-based implant sometimes leads to refracture. This can be avoided by using biodegradable polymers as they prevent such refractures.”

According to the report, open spinal surgeries can cause retraction of the muscles that can damage the soft tissues, which results in post-operative pain and longer recovery period. This led to the shift from open spinal procedures to MI methods for the implantation of devices since 2005. Polymers find various applications in MI spine surgeries. For instance, hydrogel is used for increasing the disc volume. Hydrogel increases the disc diameter and acts as a water-binding agent. The benefits of MI spinal surgeries, particularly of MI lumbar fusion and facet fixation, have led many people to undergo these procedures, fueling the demand for medical polymer use in MI spine surgeries.

Further, the report states that healthcare reforms and reduction in medical expenditure have resulted in a decline in reimbursements being offered for spinal implant procedures. Insurers do not offer reimbursement coverage for all types of spinal surgeries, including MI spine procedures. For instance, insurance companies have implemented stringent policies for the approval of coverage for lumbar spine fusion surgeries.

Companies Mentioned

Celanese, Covestro, Dow Chemical, Eastman Chemical, Evonik, Borealis, DSM, DuPont, ExxonMobil, Huizhou Foryou Medical Devices, Kraton Performance Polymers, Victrex.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Global medical polymers market
      • Table Global medical polymers market by type
      • Table Global medical polymers market by application
      • Table Global medical polymers market by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
  • Market landscape
    • Global medical polymers market
      • Table Global medical polymers market 2016 and 2021 ($ billions)
      • Table Market forecast: Global medical polymers market 2016-2021
  • Market segmentation by product type
    • Overview: Global medical polymers market by product type
      • Table Global medical polymers market by type 2016 and 2021
      • Table Global medical polymers market by type 2016 and 2021 ($ billions)
    • Global medical polymers market for fibers and resins
      • Table Global medical polymers market for fibers and resins 2016 and 2021 ($ billions)
      • Table Market forecast: Global medical polymers market for fibers and resins 2016-2021
    • Global medical polymers market for medical elastomers
      • Table Global medical polymers market for medical elastomers 2016 and 2021 ($ billions)
      • Table Market forecast: Global medical polymers market for medical elastomers 2016-2021
    • Global medical polymers market for biodegradable medical polymers
      • Table Global medical polymers market for biodegradable medical polymers 2016 and 2021 ($ billions)
      • Table Market forecast: Global medical polymers market for biodegradable medical polymers 2016-2021
  • Market segmentation by application
    • Overview: Global medical polymers market by application
      • Table Global medical polymers market by application 2016 and 2021
      • Table Global medical polymers market by application 2016 and 2021 ($ billions)
    • Global medical polymers market for implants
      • Table Global medical polymers market for implants 2016 and 2021 ($ billions)
      • Table Market forecast: Global medical polymers market for implants 2016-2021
      • Table Polymers used for implantable devices
    • Global medical polymers market for diagnostic systems
      • Table Global medical polymers market for diagnostic systems 2016 and 2021 ($ billions)
      • Table Market forecast: Global medical polymers market for diagnostic systems 2016-2021
    • Global medical polymers market for hospital accessories
      • Table Global medical polymers market for hospital accessories 2016 and 2021 ($ billions)
      • Table Market forecast: Global medical polymers market for hospital accessories 2016-2021
  • Geographical segmentation
    • Overview: Global medical polymers market by geography
      • Table Global medical polymers market by geography 2016 and 2021
      • Table Global medical polymers market by geography 2016 and 2021 ($ billions)
    • Medical polymers market in Americas
      • Table Medical polymers market in Americas 2016 and 2021 ($ billions)
      • Table Market forecast: Medical polymers market in Americas 2016-2021
    • Medical polymers market in EMEA
      • Table Medical polymers market in EMEA 2016 and 2021 ($ billions)
      • Table Market forecast: Medical polymers market in EMEA 2016-2021
    • Medical polymers market in APAC
      • Table Medical polymers market in APAC 2016 and 2021 ($ billions)
      • Table Market forecast: Medical polymers market in APAC 2016-2021
  • Market drivers
    • Increasing popularity of MI spine surgery
      • Table Facts about MI spine surgery
    • Growing use of thermoformed plastics for healthcare and medical packaging
    • Favorable properties of polymers over metals for permanent metal implants
      • Table Comparison of polymers and metals
    • Rising demand for smart polymers in biomedical field
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Manufacturing challenges hindering profitability
    • Unfavorable reimbursement scenario
    • Concerns with use of smart polymers
      • Table Required adjustments and current scenarios
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Biodegradable plastics for implants
    • Growth of medical tourism
    • Increase in demand for engineered polymers
  • Vendor landscape
    • Competitive scenario
    • Global customer base concentration
      • Table Global smart polymers market: Concentration of customer base by region
    • Porter's generic strategy
      • Table Porter's generic strategy
    • Key vendors
      • Table Key vendors: Global medical polymers market 2016
    • Other prominent vendors
  • Key vendor analysis
    • Celanese
      • Table Celanese: Business segmentation by revenue 2015
      • Table Celanese: Geographical segmentation by revenue 2015
    • Covestro
      • Table Covestro: Business segmentation by revenue 2015
      • Table Covestro: Geographical segmentation by revenue 2015
    • Dow Chemical
      • Table Dow Chemical: Business segmentation by revenue 2015
      • Table Dow Chemical: Geographical segmentation by revenue 2015
    • Eastman Chemical
      • Table Eastman Chemical: Business segmentation by revenue 2015
      • Table Eastman Chemical: Geographical segmentation by revenue 2015
    • Evonik
      • Table Evonik: Business segmentation by revenue 2015
      • Table Evonik: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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