Global Players Dominate the Medical Polymer Market, Despite the Presence of ~100 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Medical Polymer Market by Ken Research
Medical polymer is a material arranged into elastomers, filaments, and saps. Medical grade polymers are an essential part of the new-gen medical and healthcare system. These materials are specifically engineered and manufactured for medical use under global regulatory requirements. Medical-grade polymers are used in manufacturing medical devices, medical packaging, medical wear, cleanroom supplies, mobility aids, implants, wound care, denture-based materials, and others. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
1. Global Players Constitute ~15% of the Total Number of Competitors, While Regional Players Dominate Representing ~50% of Total Competitors by Type
Competitive Analysis by the research study found that the global medical polymer market is significantly competitive with ~100 players which include country-niche players, regional players as well as a significant number of globally diversified players, who deal in the manufacturing and supplying of medical polymer for product types such as fibers & resins, medical elastomers, biodegradable, and others. The large global players even though comprise about 15% in terms of the number of companies, hold a majority portion of the market revenue share followed by regional players which account for a strong portion of the market revenue share. Most of the players are having their headquarters in the Europe region.
2. The majority Number of Players are Specialists, Manufacturing a Wide Array of Products in the Global Medical Polymer Market.
Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of medical polymer products catering to multiple applications such as medical devices, medical packaging, implants, wound care, orthopedic soft goods, and others. All leading competitors have a strong presence in the global medical polymer market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to end-users demands.
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- In January 2020, Eastman launches a new portfolio of flame-resistant polymers for medical devices at the 35th annual Medical Design & Manufacturing (MD&M) West expo in Anaheim, California.
- In June 2019, SIBUR and BASF collaborate to develop innovative polymer solutions at SIBUR’s PolyLab Research and Development Center located in Moscow, Russia.
Government Initiatives & Programs to Encourage the Expansion of the Global Medical Polymer Market
- The USA Department of Energy (DOE) announced US$ 13.4 million in funding for next-generation plastics technologies that reduce the energy consumption and carbon emission of single-use plastics.
- In November 2020, The Centre for Medicare and Medicaid Services (CMS) announced a comprehensive strategy to enhance hospital capacity amid the COVID-19 surge.
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Key Topics Covered in the Report
- Snapshot of the Global Medical Polymer Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Medical Polymer Market
- Historic Growth of the Overall Global Medical Polymer Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Medical Polymer Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Medical Polymer Market
- Future Market Forecast and Growth Rates of the Total Global Medical Polymer Market and by Segments
- Market Size of Type / End-Users Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Medical Polymer Market
- Major Production/Supply and Consumption/Demand Hubs in Each Major Region
- Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Continent
Major Players Mentioned in the Report
- BASF SE
- Evonik Industries AG
- Covestro AG
- Kraton Corporation
- Eastman Chemical Company
- SABIC
- Celanese Corporation
- DSM
- Arkema
- INEOS
Notable Emerging Companies Mentioned in the Report
- Cocoon Biotech
- ADBioplastics
- BioMed Element
- XAMPLA
- Cypris Materials
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Medical Polymer Manufacturing Companies
- Medical Polymer Marketing Companies
- Medical Polymer Material Suppliers
- Potential Investors in Medical Polymer Companies
- Bio Polymer Manufacturers
- Medical Packaging and Component Manufacturers
- Consulting Companies in the Chemical and Healthcare Market
- Government And Research Organizations Working in the Chemical and Healthcare Industries
- Investment Banks Targeting the Chemical and Healthcare Industry
- Medical Machine and Equipment Manufacturers
- Medical Plastics Manufacturers
- Laboratory Equipment Manufacturers
- Healthcare Products Manufacturers
- Medical Device Packaging Manufacturers
- Plastics Chemical Manufacturers
- Organic Polymers Manufacturers
- Medical Implant Packaging Manufacturers
- Medical Soft Goods Manufacturers
- Biopharma Devices Manufacturers
- Government Healthcare Departments
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
For more insights on the market intelligence, refer to the link below: –
Global Medical Polymer Market: Ken Research
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