This report provides exclusive insights into the COVID-19 impact on the Medical Polymers Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Medical Polymers Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Medical Polymers Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the medical
polymers market provides an in-depth analysis of segments and sub-segments in the
global as well as regional medical polymers market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional medical polymers market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global medical polymers market. According to the report, the global medical polymers
market is projected to grow at a CAGR of 9.17% over the forecast period of
2019-2025.
Market Insight
The development of polymers has opened new doors to many of the
end-use industries such as packaging, electronics, automobile, medical,
pharmaceutical, consumer goods, food and beverage, and others. Polymers have
superior physical and chemical properties as compared to other materials such
as paper, metal, ceramics, and others. They have found a significant
application in the medical vertical. Polymers are used for the packaging of
medical products, in medical devices, implants, and others. The medical polymers
market is highly competitive and consolidated in nature, where only a few
players in the market have command over a large part of market share. The key
market players including BASF SE, Bayer Material Science AG, Celanese
Corporation, DSM N.V., E. I. du Pont de Nemours Company, Eastman Chemical, and
others are focusing on new product developments and develop plastic-based
composite materials to expand their business.
The flourishing medical devices market is majorly driving the
medical polymers market. Medical polymers have found their application in the
medical devices industry owing to their enhanced properties. This increases the
demand for medical polymers. Moreover, the growing demand for home healthcare
treatment is expanding the demand for medical polymers. Furthermore, the rise
in the geriatric population is supporting the growth of the medical polymers
market. However, the fluctuation in raw material prices is the major
restraining factor for the growth of the medical polymers market. Nevertheless,
the development of smart polymers is expected to offer lucrative opportunities
for the key players in the medical polymers market.
In terms of region, North America held the highest market share,
dominating the global medical polymers market. The dominance of North America
attributed to the high prevalence of chronic diseases and better reimbursement
situations in this region. Moreover, the advantages such as low-cost, enhanced
performance over ceramic and metals boost the growth of the medical polymers
market. While the Asia Pacific is expected to witness the highest growth rate
among the other regions owing to the growing medical tourism and rise in
government initiatives to support research and development activities in the
field of polymers and medicine.

Segment Covered
The report on the global medical polymers market covers segments such
as product and application. On the basis of product, the sub-markets include
medical fibers and resins, medical elastomers, and biodegradable medical
plastics. On the basis of application, the sub-markets include medical devices
and equipment, medical packaging, and other applications.
Companies Profiled:
The report provides profiles of the companies in the market such
as BASF SE, Bayer Material Science AG, Celanese Corporation, DSM N.V., E. I. du
Pont de Nemours Company, Eastman Chemical, Formosa Plastics Corporation, The U.S.A., Huizhou Foryou Medical Device Co. Ltd., Dow Chemical Company, Sinopec
Beijing Yanshan Company, and Other Companies.
Report Highlights:
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of medical
polymers market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.