Medical Engineered Materials Market worth $29.1 billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, April 2, 2021 /PRNewswire/ -- According to the new market research report "Medical Engineered Materials Market by Type (Medical plastics, medical foams, medical films, medical elastomers, medical adhesives), Application (Medical device, disposables, medical wearables, advanced wound care), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Medical Engineered Materials Market size is projected to reach USD 29.1 billion by 2025 from USD 15.8 billion in 2020, at a CAGR of 13.0% during the forecast period. Increase in aging population, rise in global healthcare expenditure, growing demand for minimally invasive medical procedures, and advancements in designing of medical electronics are the major drivers for the medical engineered materials market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=115477348

Browse in-depth TOC on "Medical Engineered Materials Market"
132 – Tables
46 – Figures
213 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/medical-engineered-materials-market-115477348.html

Based on type, medical plastics is estimated to be the largest market in the overall medical engineered materials market in 2020.

Medical plastics is the major largest segment amongst others in the market. Medical plastics are required in various applications in the healthcare field such as manufacturing of medical devices, tools, disposables, and diagnostic equipments which is responsible for the large market size. Growing healthcare infrastructure in emerging economies and increasing instances of chronic diseases are expected to drive the medical devices market, which, in turn, is likely to propel the demand for medical plastics.

Based on application, medical disposables is expected to be the largest medical engineered materials consuming sector in 2020.

The medical disposables segment is projected to account for the largest share in 2020, amongst other application segments. Medical disposables are medical instruments which are designed and developed for one time use or temporary use. Heightened incidences of chronic diseases, varying lifestyle of the middle-income group, demand for superior healthcare facilities, and an increase in the aging population are the major drivers for the market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=115477348

Based on region, APAC is projected to grow the fastest in the medical engineered materials market during the forecast period.

APAC is projected to be the fastest-growing market for medical engineered materials. The rising population, increased demand for better healthcare establishments, and increased lifestyle based diseases are driving the APAC medical engineered materials market. China is the largest market for medical engineered materials in the region. China is also a major producer and consumer of medical engineered materials in the region as it has a huge manufacturing base. Apart from China, India, Japan, and South Korea are projected to grow at a fast pace during the forecast period. In addition, increasing incorporation of digitization and other advanced technologies such as 3D printing for manufacturing of medical devices are responsible for the high growth of the market in this segment.

The key players in the medical engineered materials market include Evonik (Germany), Covestro (Germany), BASF (Germany), Solvay (Belgium), SABIC (Saudi Arabia), Trelleborg AB (Sweden), DSM (Netherlands), Celanese (US), and DuPont (US). These players have established a strong foothold in the market by adopting strategies, such as investment & expansion, merger & acquisition, agreement & collaboration, partnership, new product launch.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=115477348

Browse Adjacent Markets: Chemical Market Research Reports & Consulting

Related Reports:

Medical Tubing Market by Material (PVC, Polyolefin, TPE & TPU, and Silicone), Application (Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems, and Special Applications), Structure, and Region - Global Forecast to 2022 
https://www.marketsandmarkets.com/Market-Reports/medical-tubing-market-162082103.html

Wearable Healthcare Devices Market by Type (Diagnostic (ECG, Heart, Pulse, BP, Sleep), Therapeutic (Pain, Insulin)), Application (Fitness, RPM), Product (Smartwatch, Patch), Grade (Consumer, Clinical), Channel (Pharmacy, Online) - Global Forecast to 2025  
https://www.marketsandmarkets.com/Market-Reports/wearable-medical-device-market-81753973.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight:https://www.marketsandmarkets.com/ResearchInsight/medical-engineered-materials-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source:https://www.marketsandmarkets.com/PressReleases/medical-engineered-materials.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg