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Published Date: 2014-10-09Number of Pages: 158

Medical Polymers (Product - Medical Resins and Fibers (Polyvinyl Chloride (PVC), Polypropylene (PP), Polyethylene (PE), and Polystyrene (PS)), Medical Elastomers (Styrenic Block Copolymer (SBC) and Rubber Latex), and Biodegradable Plastics); Application - Medical Devices and Equipment and Medical Packaging) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Global Medical Polymers Market: Snapshot

Medical polymers is the collective term used for biodegradable plastic, elastomers such as thermoplastic elastomers and natural, and polymers such as fibers and resins which is employed in several forms in healthcare and medical applications. Generally, ceramics, glass, and metals have been employed as medical supports, devices, and implants. Nevertheless, polymers are considered to be more suitable for medical applications owing to low cost, better biocompatibility, and less weight. Medical polymers are mainly used in equipment and devices such as implants for cranial injuries, joint and hip replacement, and spinal implants. However, the implementation of strict regulations pertaining to the launch of new products along with fluctuating prices of raw materials may impede the growth of the market to some extent.

Over the next couple of years, the demand for medical polymers is likely to gain momentum. The demand for medical polymers is also expected to be fueled due to the mounting geriatric population and growing preference on home healthcare treatments. Ongoing development in the field of polymer science and increasing awareness among consumers are also likely to play a crucial role in the growth of the market. The global medical polymers market is likely to expand at an 8.3% CAGR from 2014 to 2020. It is anticipated to be worth US$17.13 bn by the end of 2020 from a valuation of US$9.80 bn in 2013.

Fiber and Resins to Emerge as Dominant Product Type

In 2013, fiber and resins surfaced as the leading product type with a share of over 85% in the global medical polymers market. The product type which is likely to witness the leading growth rate during the forecast period is biodegradable plastics. Growing need for materials that are biocompatible, especially in implants, is likely to propel the demand for biodegradable polymers in the coming years. Although fiber and resins lead the market at present, it is likely to lose its market shares along with elastomers to biodegradable polymers over the forecast period. The medical packaging and medical equipment and devices segments together held a share of 90% in the global market based on volume in 2013. The demand for medical procedures is likely to rise over time owing to lifestyle changes and growing health issues among people across the globe. The rise in surgical procedures is further expected to bode well for the growth of the market.

North America to Retain Lead with Enhanced Infrastructure

In 2013, North America emerged as the leading region with over 40% of the total share in its bag. The region was closely trailed by Europe which held over 35% in 2013 itself. Asia Pacific is likely to witness the leading growth among all the regions owing factors such as easy obtainability of medical services, enhanced medical infrastructure, and growing awareness among consumers. Europe and North America are likely to emerge as leading consumers of medical polymers. However, Asia Pacific is expected to snip shares from the developed economies.

Some of the top drawer companies operating in the global medical polymers market are Victrex plc., Formosa Plastics Corporation USA, The Dow Chemical Company, Evonik Industries AG, Eastman Chemical Company, and Celanese Corporation.

The medical polymers market comprises resins and fibers, elastomers and biodegradable plastics that are used in various healthcare applications such as equipment and devices, packaging and tissue engineering. Polyvinyl chloride, polypropylene, polystyrene and polyethylene are the commonly used fibers and resins in the medical industry. Thermoplastic elastomers and rubber latex make up the elastomers segment of the medical polymers market. Biodegradable plastics such as PLA and PEEK are used increasingly due to stringent regulations by authorities such as the Food and Drug Administration (FDA). Growth in emerging economies of Asia Pacific in the medical polymers market is another important factor that is likely to boost product sales over the next few years. Medical polymers are used in the manufacture of devices and equipment in the medical & healthcare segment. Polymers such as polyethylene are used in medical packaging, while polyether ether ketone (PEEK) is used in tissue engineering. Demand for these materials is high in the medical polymers market.
 
The report on medical polymers market has been segmented into various chapters. Under each chapter, we have tackled a different aspect of the market and analyzed various parameters. Preface provides a brief diagrammatic representation on the segmentation of the medical polymers market. Additionally, the chapter offers a detailed description of the methodology used for research along with scope and assumptions used in estimating and analyzing the future market growth.
 
We have included an executive summary that includes a brief summary regarding the trends in the market. We have also included a snapshot of the market; it provides the current scenario as well as growth opportunities for the medical polymers market at the end of the forecast period. Throughout the report, 2013 has been considered as the base year with the forecast period ranging from 2014 to 2020.
 
Industry analysis provides an insight on the drivers and restraints of the medical polymers market and their impact on the growth of the market during the forecast period. Additionally, the study includes opportunities available in the market on a regional and global level and their effect during the forecast period. We have provided a detailed analysis of the value chain to help understand the medical polymers market better. Furthermore, a detailed analysis of Porter’s five forces model has been included to describe the intensity of competition in the market. Moreover, the study comprises a market attractiveness analysis, where applications are benchmarked based on market size, growth rate and general attractiveness. A detailed analysis of key players’ market share in the industry has been included to represent the nature of the market.
 
The medical polymers market has been segmented based on types of products, applications and geographies. All product segments have been analyzed and forecast based on volume (kilo tons) and revenue (USD million) for the period ranging from 2014 to 2020. Application segments have been analyzed and forecast based on current trends on the global and regional level from 2014 to 2020. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World. Analysis and forecast is based on current trends and ranges over a period from 2014 to 2020. 
 
Detailed profiles of leading companies are covered in the report along with an analysis of their market share. Leading companies in the market include BASF SE, Bayer MaterialScience AG, E. I. du Pont de Nemours Company, Eastman Chemical Company, The Dow Chemical Company, Kraton Performance Polymers Inc., Formosa Plastics Corporation, U.S.A., SABIC Innovative Plastics and Victrex Plc. Company profiles include attributes such as company overview, financial overview, business strategies and recent developments. 
 
The market has been segmented as below:
 
Medical Polymers Market - Product Segment Analysis
  • Medical resins and fibers
    • Polyvinyl chloride (PVC)
    • Polypropylene (PP)
    • Polyethylene (PE)
    • Polystyrene (PS)
    • Others (Including engineering thermoplastics such as ABS, PC and PET)
  • Medical elastomers
    • Styrenic block copolymer (SBC)
    • Rubber latex
    • Others (Including TPU, TPV and TPO)
  • Biodegradable plastics
Medical Polymers Market - Application Analysis
  • Medical devices and equipment
  • Medical packaging
  • Others (Including tissue engineering and cardio stents)
Medical Polymers Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW) 


 
 
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