Medical Polymers Market to 2015 - Polyvinyl Chloride (PVC) Dominating the Medical Devices and Packaging Markets
Medical Polymer Market Is Expected To Grow at a Healthy Rate The demand for medical polymers grew at a Compound Annual Growth Rate (CAGR) of 7.2% from 2000–2009. In value terms in the year 2000, the demand for medical polymers was $650m. The demand for medical polymers has grown over the years because of increased use of plastics in medical applications. Factors such as technology, properties such as transparency, resistance, and ease in forming and joining have increased its use in the medical industry. Plastics have replaced other traditional materials such glass and metals and are the leading choice of material in medical applications. Demand for medical polymers reached $1218.4m in 2009 from $650m in 2000. For further details, please click or add the below link to your browser: http://gbiresearch.com/Report.aspx?ID=Medical-Polymers-Market-to-2015-Polyvinyl-Chloride-PVC-Dominating-the-Medical-Devices-and-Packaging-Markets&ReportType=Industry_Report&coreindustry=ALL&Title=Chemicals Demand is expected to increase until 2015, growing at a CAGR of 9.8% from 2009–2015. Existing polymers will continue to be used in medical applications, while technological advancements will help to improve their properties. Other forms of plastics will be developed for medical use, thereby leading to an increase in demand for medical polymers.
North America Leads The Demand For Medical Polymers North America leads the demand for medical polymers with a share of 42.2%. Europe with a share of 30.1% is the second. Asia follows with a share of 22.8% and with vast potential and the ROW has a share of 4.9%. PVC Based Medical Polymers Driving The Global Demand Polyvinyl Chloride based medical polymers have the largest share when it comes to medical applications. Properties such as softness, high transparency, facility of sterilization and strength make PVC the first choice for medical polymer manufacturers. PVC based medical polymers constitute 40% of the market. Polypropylene also has a significant share with 20% of the market followed by Polyethylene with a share of 15%. Other medical polymers had a share of 25%. Prominent other plastics included Polycarbonate, Acrylonitrile Butadiene Styrene, Biopolymers, Nylon and Polystyrene. In terms of value the demand for PVC based medical polymers was $487.3m out of the total market of $1218.4m in 2009. Demand for polypropylene was $243.7m followed by polyethylene with a demand of $182.8m. The market for other medical polymers was $304.6m.
GBI Research, a leading business intelligence provider, has released its latest research, “Medical Polymers Market to 2015 – Polyvinyl Chloride (PVC) Dominating the Medical Devices and Packaging Markets”. The report provides a detailed insight into the global medical polymers market. The research presents detailed analysis and forecasts of the major economic and market trends affecting the medical polymer markets in major regions of the world. The report contains market forecasts, product type analysis, drivers and restraints; In addition, it includes analysis by region and revenue analysis of the major products across the major regions of the world. Overall, the report presents a comprehensive analysis of the global medical polymers market covering all the major parameters. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. For further details, please click or add the below link to your browser: http://gbiresearch.com/Report.aspx?ID=Medical-Polymers-Market-to-2015-Polyvinyl-Chloride-PVC-Dominating-the-Medical-Devices-and-Packaging-Markets&ReportType=Industry_Report&coreindustry=ALL&Title=Chemicals Visit our report store: http://www.gbiresearch.com
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