Market Overview:
The global polymers for implantable medical devices market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for implantable medical devices owing to the rising prevalence of chronic diseases and an aging population. In addition, technological advancements in polymer-based materials are also propelling the growth of this market. On the basis of type, metallic polymers accounted for the largest share in 2017 and are expected to maintain their dominance during the forecast period. This can be attributed to their high strength-to-weight ratio and biocompatibility which makes them suitable for use in various implantable medical devices such as orthopedic implants, cardiovascular implants, and neurostimulators. Polymeric materials are expected to witness highest growth during the forecast period on account of their properties such as flexibility, durability, and biocompatibility. Based on application, acetal (POM) held a major share in 2017 owing its superior properties such as toughness and chemical resistance which make it suitable for use in various implantable applications including catheters, guidewires tubing connectors & valves), prosthetic joints & heart valves). Acrylic (hydrogels) is projected grow at highest CAGR over next decade due its excellent optical clarity along with other features including low modulus & Shore hardness values that make it ideal material choice form hydrogel contact lenses).
Product Definition:
Polymers for implantable medical devices are high molecular weight substances that are composed of repeating units. These substances can be natural or synthetic and are often used to create implants, prosthetics, and other medical devices.
-They can be tailored to fit the specific needs of the patient.
-They can be designed to biodegrade over time so that they do not cause any long-term harm to the patient.
-They are often more durable than other materials which makes them ideal for use in implants and prosthetics.
Metallic:
Metallic nanoparticles are of two types, namely colloidal and nanoclustered. Colloidal metallic nanoparticles have a high surface area and are dispersible in organic solvents whereas nanoclustered metallic particles possess higher stability towards chemical reactions as compared to the bulk metal.
Composites:
Composites and its usage in polymers for implantable medical devices market is expected to grow at a significant rate over the forecast period. Composites are materials that are composed of two or more elements connected by weak bonds. These composites offer several advantages such as low weight, high stiffness, strength, and biocompatibility over metals which makes them useful in various applications including dental implants.
Application Insights:
The Asia Pacific region dominated the global market in 2017, attributed to the growing population and favorable government policies for healthcare development. The countries in this region are involved in research activities for developing new polymers that can be used as alternatives to metal, ceramic, and biological implants. For instance, researchers at Nanyang Technological University (NTU) have developed a biodegradable polymer with high biocompatibility that can replace traditional medical devices such as heart valves and artificial joints. This new generation of bio-polymer is expected to offer benefits including cost-effectiveness and reduced risk of infection over traditional implants.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing healthcare spending and awareness among end-users regarding polymer implants for medical devices. In addition, rising disposable income levels are anticipated to fuel demand for polymers in this region over the next eight years.
The Asia Pacific economy is characterized by a large population base that suffers from chronic diseases such as diabetes, cardiac disorders, and arthritis. According to WHO data published in 2016, around 60% of diabetic patients live in Asian countries; China (19%) and India (13%) have proportionately more diabetics than any other country worldwide’s 9). These factors are expected drive demand for polymers used as implantable medical devices over the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The Polymers for Implantable Medical Devices market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because polymers are used in various medical devices that are inserted into the body through small incisions.
- Technological advancements: The Polymers for Implantable Medical Devices market is expected to benefit from the ongoing technological advancements in this field. This is because new and innovative polymer-based medical devices are being developed on a regular basis, which should help boost the overall market growth.
- Rising prevalence of chronic diseases: The Polymers for Implantable Medical Devices market is expected to benefit from the rising prevalence of chronic diseases such as cancer, diabetes, and heart disease across the world. This is because these diseases often require treatment with implantable medical devices, which use polymers as their primary component material.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polymers for Implantable Medical Devices Market Research Report
By Type
Metallic, Composites, Ceramic, Polymeric, Natural
By Application
Acetal (POM), Acrylic (hydrogels), Acrylic (MMA, PMMA), Fluorocarbon, Other
By Companies
BASF, Covestro, DuPont, Celanese, Solvay, ExxonMobil, DSM, Eastman, Dow, Tekni-Plex, Evonik, Huntsman, Formosa Plastics, INEOS, HEXPOL, Kraton, Tianjin Plastics, Shanghai New Shanghua
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Polymers for Implantable Medical Devices Market Report Segments:
The global Polymers for Implantable Medical Devices market is segmented on the basis of:
Types
Metallic, Composites, Ceramic, Polymeric, Natural
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Acetal (POM), Acrylic (hydrogels), Acrylic (MMA, PMMA), Fluorocarbon, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Covestro
- DuPont
- Celanese
- Solvay
- ExxonMobil
- DSM
- Eastman
- Dow
- Tekni-Plex
- Evonik
- Huntsman
- Formosa Plastics
- INEOS
- HEXPOL
- Kraton
- Tianjin Plastics
- Shanghai New Shanghua
Highlights of The Polymers for Implantable Medical Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metallic
- Composites
- Ceramic
- Polymeric
- Natural
- By Application:
- Acetal (POM)
- Acrylic (hydrogels)
- Acrylic (MMA, PMMA)
- Fluorocarbon
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polymers for Implantable Medical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polymers are a type of implantable medical device that are used to create a seal around an opening in the body. This can help prevent infection and other problems from occurring.
Some of the major players in the polymers for implantable medical devices market are BASF, Covestro, DuPont, Celanese, Solvay, ExxonMobil, DSM, Eastman, Dow, Tekni-Plex, Evonik, Huntsman, Formosa Plastics, INEOS, HEXPOL, Kraton, Tianjin Plastics, Shanghai New Shanghua.
The polymers for implantable medical devices market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polymers for Implantable Medical Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Polymers for Implantable Medical Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polymers for Implantable Medical Devices Market - Supply Chain
4.5. Global Polymers for Implantable Medical Devices Market Forecast
4.5.1. Polymers for Implantable Medical Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polymers for Implantable Medical Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polymers for Implantable Medical Devices Market Absolute $ Opportunity
5. Global Polymers for Implantable Medical Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Polymers for Implantable Medical Devices Market Size and Volume Forecast by Type
5.3.1. Metallic
5.3.2. Composites
5.3.3. Ceramic
5.3.4. Polymeric
5.3.5. Natural
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polymers for Implantable Medical Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Polymers for Implantable Medical Devices Market Size and Volume Forecast by Application
6.3.1. Acetal (POM)
6.3.2. Acrylic (hydrogels)
6.3.3. Acrylic (MMA, PMMA)
6.3.4. Fluorocarbon
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polymers for Implantable Medical Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Polymers for Implantable Medical Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Polymers for Implantable Medical Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Polymers for Implantable Medical Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Polymers for Implantable Medical Devices Demand Share Forecast, 2019-2029
9. North America Polymers for Implantable Medical Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Polymers for Implantable Medical Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Polymers for Implantable Medical Devices Market Size and Volume Forecast by Application
9.4.1. Acetal (POM)
9.4.2. Acrylic (hydrogels)
9.4.3. Acrylic (MMA, PMMA)
9.4.4. Fluorocarbon
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polymers for Implantable Medical Devices Market Size and Volume Forecast by Type
9.7.1. Metallic
9.7.2. Composites
9.7.3. Ceramic
9.7.4. Polymeric
9.7.5. Natural
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Polymers for Implantable Medical Devices Demand Share Forecast, 2019-2029
10. Latin America Polymers for Implantable Medical Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Polymers for Implantable Medical Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Polymers for Implantable Medical Devices Market Size and Volume Forecast by Application
10.4.1. Acetal (POM)
10.4.2. Acrylic (hydrogels)
10.4.3. Acrylic (MMA, PMMA)
10.4.4. Fluorocarbon
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polymers for Implantable Medical Devices Market Size and Volume Forecast by Type
10.7.1. Metallic
10.7.2. Composites
10.7.3. Ceramic
10.7.4. Polymeric
10.7.5. Natural
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Polymers for Implantable Medical Devices Demand Share Forecast, 2019-2029
11. Europe Polymers for Implantable Medical Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Polymers for Implantable Medical Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Polymers for Implantable Medical Devices Market Size and Volume Forecast by Application
11.4.1. Acetal (POM)
11.4.2. Acrylic (hydrogels)
11.4.3. Acrylic (MMA, PMMA)
11.4.4. Fluorocarbon
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. EuropePolymers for Implantable Medical Devices Market Size and Volume Forecast by Type
11.7.1. Metallic
11.7.2. Composites
11.7.3. Ceramic
11.7.4. Polymeric
11.7.5. Natural
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Polymers for Implantable Medical Devices Demand Share, 2019-2029
12. Asia Pacific Polymers for Implantable Medical Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Polymers for Implantable Medical Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Polymers for Implantable Medical Devices Market Size and Volume Forecast by Application
12.4.1. Acetal (POM)
12.4.2. Acrylic (hydrogels)
12.4.3. Acrylic (MMA, PMMA)
12.4.4. Fluorocarbon
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polymers for Implantable Medical Devices Market Size and Volume Forecast by Type
12.7.1. Metallic
12.7.2. Composites
12.7.3. Ceramic
12.7.4. Polymeric
12.7.5. Natural
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Polymers for Implantable Medical Devices Demand Share, 2019-2029
13. Middle East & Africa Polymers for Implantable Medical Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Polymers for Implantable Medical Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Polymers for Implantable Medical Devices Market Size and Volume Forecast by Application
13.4.1. Acetal (POM)
13.4.2. Acrylic (hydrogels)
13.4.3. Acrylic (MMA, PMMA)
13.4.4. Fluorocarbon
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polymers for Implantable Medical Devices Market Size and Volume Forecast by Type
13.7.1. Metallic
13.7.2. Composites
13.7.3. Ceramic
13.7.4. Polymeric
13.7.5. Natural
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Polymers for Implantable Medical Devices Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Polymers for Implantable Medical Devices Market: Market Share Analysis
14.2. Polymers for Implantable Medical Devices Distributors and Customers
14.3. Polymers for Implantable Medical Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Covestro
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DuPont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Celanese
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Solvay
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ExxonMobil
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DSM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eastman
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dow
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tekni-Plex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Evonik
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Huntsman
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Formosa Plastics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. INEOS
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. HEXPOL
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kraton
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tianjin Plastics
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Shanghai New Shanghua
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook