Medical Polymers Market Is Projected To Surge At A CAGR Of 8.2% Over The Period Of 2022 To 2031

Rockville, US, 2022-May-20 — /EPR Network/ —

According to a new Fact.MR study on medical polymers, the global market is expected to surpass a valuation of US$9.1 billion in 2021 and grow at a high CAGR of 8.2% during the forecast period 2021-2031.

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According to Fact.MR, a provider of market research and competitive intelligence, the price of medical grade propylene has increased rapidly over the past five years compared to regular polypropylene. This is mainly due to the exclusive demand for medical polypropylene from the healthcare sector combined with demand inelasticity.

Of the engineering thermoplastics and medical standard polymers, the latter dominates in medical products and pharmaceutical packaging. This is primarily due to the ease of manufacture of standard medical grade polymers versus engineering thermoplastics.

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In addition to the feasibility of production, moldability also plays an important role in the sales of standard medical polymers. In addition, lower polymer processing and integration costs have also paved the way for commodity polymers, particularly polypropylene.

Key Findings From Market Study
It is estimated that by 2031, the medical polymers market will grow 2.2 times its current market value.
Polypropylene dominated the demand pie of commodity polymers with a market share of almost 53% in 2020 and is expected to grow 30 bps by the end of 2031.
Medical device application growth is expected to be at 6.9% CAGR during 2021-2031, remaining the most important application among all other segments.
The top 5 players account for nearly 25% of global sales of medical polymers.

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Key Segments of the Medical Polymers Industry
Polymer Material
Commodities Polymers
Medical Grade Polypropylene Medical Grade
Polyvinyl Chloride Medical Grade
Medical Grade Polyester
Engineering Thermoplastics
Polyvinylpyrrolidone (PVP)
Other Post
Medical Bags
Medical Tubing
Pharmaceutical Blisters and Trays
Microtiter Plates Vials Blister Packs Other Implants

Breast Implants
Orthopedic Implants
Spinal Implants
Medical Apparel
Shields Masks & Gowns
Medical Devices
Cardiac Pacemakers
Dental & Orthodontic Devices
Contact Lenses
By Processing
Method Blow-Fill-Seal
Injection Stretch Blow Molding
Extrusion Blow Molding

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