PORTLAND, Oregon and PUNE, India, November 23, 2016 /PRNewswire/ --
Medical Polymers Marketby Type (PVC, Polypropylene, Polyethylene, Polystyrene, Polycarbonate, PEEK, Hydrogel, Styrenic block copolymer, Rubber latex, Biodegradable, PLA, and Others), by Application (Surgical Instruments, Diagnostic Equipment, Orthopedic Implants, Electronic
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Summary of the medical polymers market report can be accessed on the website at https://www.alliedmarketresearch.com/medical-polymers-market
Medical polymers are widely used across various applications, as they are easy to manufacture and facilitate customizations. Moreover, they provide ease of fabrication, flexibility, and biocompatibility, and remarkable mechanical, electrical, chemical, and thermal properties of materials that are used as composites for medical implants. Increasing number of medical procedures, such as joint reconstruction & heart surgeries and rise in cosmetic and plastic surgeries in the developing countries are the few other key drivers of the market.
"Increase in adoption of medical polymers owing to low prices and versatility, coupled with increase in the sales of medical implants and devices globally will garner the growth of the global medical polymer market", said Eswara Prasad
Resins dominate the medical ceramics market due to a significant replacement trend of conventional medical devices materials with advanced polymers such as polyphenylene ether and few others, which provide high-quality medical devices. Further the application segment is led by devices holding nearly half of the global polymers market. This is mainly due to advancement in the technology provided by the polymers manufacturers such as polymer laminate technology and so on. Devices captured a major share in the global medical polymers market followed by disposables such as gloves, syringes and others.
Key Findings of the Medical Polymers Market
The market for medical ceramics witnesses intense competition among the major players in the market. This competitive rivalry results into product innovation and development. Although the market is largely fragmented dominance of the major companies is characterized by their vast product portfolio for medical polymers, high investment in R&D, and strong distribution network. The companies have adopted various strategies such as agreement, product launch, product approval, merger & acquisition, collaboration, and investment to sustain the highly competitive environment of the medical polymers market. Key companies profiled in this report include Eastman Chemical Company, Evonik Industries AG, The Dow Chemical Company, Formosa Plastics Corporation USA, Arkema SA, BASF SE, Covestro AG, DSM N.V., Solvay S.A, and Celanese Corporation.
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SOURCE Allied Market Research
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