![]() Medical Polymers Market – Industry Insights by Product and ApplicationA Chapter by Markets Insights![]() The global medical polymers market size was valued at USD 15.01 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 8.0% from 2021 to 2028![]()
The medical devices and equipment was the largest application segment for medical polymers, with a market share of 53.80% in 2020. The growing scope of flexible packaging in medical goods is anticipated to drive the growth of the segment. The increasing consumer awareness of hygiene further supports the demand for flexible packaging in medical goods. The rise of the home healthcare market has contributed to the growing popularity of medical polymers, and this trend is expected to continue in the forthcoming years. Increasing R&D spending for biodegradable plastics coupled with application development by market participants is anticipated to create promising prospects for market growth. PVC and PP occupy the largest market share due to various superior attributes such as high mechanical, thermal, chemical strength, wear and corrosion resistance, and high resilience and endurance levels. This allows these materials to be consumed in various medical applications. However, raw material price volatility and crude oil price fluctuation can impact market growth. Related Press Release @ Medical Polymers Market Report Medical Polymers Market Report Highlights
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StatsAuthor![]() Markets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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