Global Medical Polymers Market Is Expected to Grasp the CAGR of 8.50% by 2028, Industry Size, Shares, Trends, Growth and Revenue Outlook

Medical polymers market will grow at a rate of 8.50% for the forecast period of 2021 to 2028. Increasing demand for medical devices and equipment made of medical polymers is an essential factor driving the medical polymers market.

Polymer is defined as a large molecule or a macromolecule which comprises of multiple repetition of units having high relative molecular mass. It is an elastomers or biodegradable plastics which is used in healthcare and medical applications. Medical polymer has wide availability in numerous forms and is used for devices, medical supports, and implants, due to less weight and better biocompatibility as compared to ceramics, glass, and metals.

Rising demand for medical polymers for implants, owing to properties such as chemical inertness and longer fatigue resistance is the major factor escalating the market growth, also increasing demand from the healthcare sector, increasing adoption of polymers for implants due to chemical inertness and superior fatigue resistance, increasing demand for polymers, on account of being a key component in the manufacturing of medical devices and equipment and packaging and rising demand for plastic materials in innovations such as plastic surgery, body implants, and orthopedic surgery are the major factors among others propelling the growth of medical polymers market. Moreover, rising research and development activities to develop advanced plastics and increasing development of patient-specific implants and 3D printed devices will further create new opportunities for the medical polymers market in the in the forecast period of 2021- 2028.

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