Ultra-high molecular weight polyethylene (UHMWPE) is a type of thermoplastic polyethylene. It is also called high modulus polyethylene or high performance polyethylene. The polyolefin has a very long polymer chain of 100,000 to 250,000 ethylene monomer units per polyethylene molecule. As the name states, molecular weight of the polymer ranges between 3.5 million to 7.5 million amu. The longer chain strengthens the intermolecular attraction of the polymer. It is an odorless, tasteless, non-toxic, lightweight, and tough polymer possessing properties such as high strength, excellent resistance to corrosion and abrasion, self-lubrication, low moisture absorption, and low coefficient of friction. It is resistant to chemicals, except oxidizing acids. The polymer has low weight, as compared to metals. UHMWPE is utilized in defense applications, the automotive industry, wires and cables, ballistic protection and orthopedic industries. Medical-grade polymer is utilized as a biomaterial and is utilized in medical devices and different joint replacements.
The Medical-grade ultra-high molecular weight polyethylene market can be segmented based on manufacturing process, polymer form, application, and region. The polymer can be processed by different methods such as gel spinning, sintering, compression molding, and extrusion. The processed polymer is produced in the form of fibers or sheets or rods. In terms of medical application, the UHMWPE market can be segmented into knee replacement, hip replacement, shoulder replacement, ankle replacement, and small joints. Highly cross-linked UHMPW polyethylene is utilized in hip replacements. The polymer can also be manufactured by incorporating different materials such as carbon fibers and antioxidants (vitamin E) in it. In terms of region, the market is segmented into North America, Latin America, Middle East & Africa, Europe, and Asia Pacific.
Longer chains of ultra-high molecular-weight polyethylene enable it to efficiently transfer load, making it suitable for medical applications. Demand for medical grade UHMPE is expected to rise due to its impressive properties such as chemical resistance, sound dampening characteristics, and electric insulation. Increase in number of joint replacement surgeries, joint infections, implant loosening, and diseases such as osteoarthritis are anticipated to drive the UHMWPE market. Increase in number of knee and shoulder replacements is driving the demand for UHMWPE. Asia Pacific is estimated to hold a major share of the market in the near future. Demand for UHMWPE is rising in India, China, Japan, and South Korea due to rapid urbanization, increasing incomes, and government initiatives for better medical treatments. The market is likely to expand at a rapid pace due to the rise in the geriatric population particularly in Japan and Germany. Changing lifestyle, lack of fitness, and increase in consumption of junk food are the contributing factors for increase in number of arthritis patients. Existing medical infrastructure, high standard of living, and increasing quality medical treatment are the key factors contributing to expansion of the market in North America, especially in the U.S. Top manufacturing companies held major shares of the market, as very few producers operate in the market. Manufacturers are focusing on R&D activities to manufacture improved versions of the polymer in order to reduce wear issues and offer safer implants. Major players operating in the global medical grade ultra high molecular weight polyethylene market include Honeywell, Celanese Corporation, Quadrant, Braskem, and Asahi Kasei Chemicals Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.