The global Polymers for Implantable Medical Devices market was valued at 944.68 Million USD in 2021 and will grow with a CAGR of 4.09% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Implant medical device is a medical device manufactured to replace a missing biological structure, support a damaged biological structure, or enhance an existing biological structure. Medical implants are man-made devices, in contrast to a transplant, which is a transplanted biomedical tissue. The surface of implants that contact the body might be made of a biomedical material such as titanium, silicone, or apatite depending on what is the most functional.[1] In some cases implants contain electronics e.g. artificial pacemaker and cochlear implants. Some implants are bioactive, such as subcutaneous drug delivery devices in the form of implantable pills or drug-eluting stents.[2]The Polymers in Medical Devices industry is not highly concentrated, there are many manufacturers in the world, and high-end products mainly come from North America and Western Europe. In the world wide, major manufactures mainly distribute in North America and Europe. In North America, transnational companies, like Dupont and Celanese are taking a leading share in this area. As to Netherlands, DSM has become a global leader. In Germany, it is BASF and Bayer that lead the technology development. In China, the manufactures focus in Tianjin and Shanghai. North America is the largest consumer of Polymers in medical devices and is expected to retain the higher growth rate during the next five years due to strong growth in medical devices industry. China and Japan have witnessed a major chunk of the production and consumption of Polymers in Medical Devices in the Asia Pacific region. Actually, that is why manufacturers have several plants, usually close to aimed demand market. All manufactures in the world are committed to the improvement of product. These two years, some of Chinese manufactures can almost catch up with the world`s leading technology too. Most technologies are developed by the manufacturers instead of importing from other companies. Many international manufacturers expand their business through building factories or investments in targeted markets. Also, many major players have built up plants in developing countries, like India and Thailand. This industry is affected by the economy and policy, so it`s important to put an eye to economic indexes and leaders` prefer. With the global economic recovery, more and more medical devices are in demand, especially in the developing regions that have a large population and fast economic growth, the need of Polymers in Medical Devices starch will increase. We tend to believe this industry now is close to mature, and the demand increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
By Market Verdors:
- BASF
- Covestro
- DowDuPont
- Celanese
- Solvay
- ExxonMobil
- DSM
- Eastman
- Tekni-Plex
- Evonik
- Huntsman
- Formosa Plastics
- INEOS
- HEXPOL
- Kraton
- Tianjin Plastics
- Shanghai New Shanghua
By Types:
- Metallic
- Composites
- Ceramic
- Polymeric
- Natural
By Applications:
- Acetal (POM)
- Acrylic (hydrogels)
- Acrylic (MMA, PMMA)
- Fluorocarbon
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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