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PlasticsToday Staff

March 24, 2016

2 Min Read
Report analyzes global medical polymers market

A new report on the global medical polymers market analyzes growth trends for these materials through 2025 within the $170-billion-plus worldwide medtech industry. It also offers insights into how polymer suppliers can generate new business revenues in medical applications.

Worldwide Medical Polymer Markets: 2016-2025, published by n-tech research (Glen Allen, VA) and available for purchase on its website, identifies market opportunities in the context of a granular 10-year forecast. The report also provides guidance on associated technical and regulatory matters, and includes profiles of the major players in the medical polymers space.

The authors forecast that the medical polymers market will reach $2.9 billion in revenue by 2021.

Implants account for approximately half of all medical polymers, according to the report, and will represent nearly $1.7 billion in sales by 2021. Diagnostic systems will reach more than $1 billion in sales during that same time frame: Plastics have become indispensable in the manufacture of rapid, multi-assay diagnostic devices, note the authors, and the growth prospects in this sector are especially strong.

PMMA will capture the largest percentage of medical polymers revenue, according to n-tech research, which projects that it will generate $745 million in sales by 2021. Polystyrene and styrenics, LDPE and PEEK are also tagged as important commercial medical polymers by the market research firm, and, combined, will account for 54% of the medical polymer market by 2021.

The major global suppliers of medical polymers are profiled in the report, which includes an analysis of their strengths and weaknesses as well as their growth strategies. Companies covered in the report include Celanese/Ticona, Covestro, Dow Chemical, DuPont, Eastman Chemical, Evonik, Kraton, Solvay and Victrex.

Chapters also are devoted to revenue opportunities in emerging markets and eight-year forecasts for medical polymers in various geographies including China, Japan and India.

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