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Medical Polycarbonate Market to Grow at CAGR of 3.5%, Reaching Valuation of USD 1.5 Billion by 2030, Notes Transparency Market Research

- Lipid Resistant Grade segment to chart notable growth over the forecast period

- North America to be at the forefront of growth in the medical polycarbonate market

- Growing geriatric population, increase in incidence of chronic illnesses to drive growth

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Transparency Market Research

May 13, 2020, 08:30 ET

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ALBANY, New York, May 13, 2020 /PRNewswire/ -- From 2020 to 2030, the global medical polycarbonate market is set to grow at a respectable pace of CAGR (Compound Annual Growth Rate) of 3.5%. This will help the market worth grow from approximately USD 1 billion in the year 2019 to USD 1.5 billion in 2030.

Transparency Market Research states, "One of the biggest uses of medical polycarbonates is seen in the development of lightweight and unobtrusive medical devices. This is also the reason that the material is acting as boon for medical professional dealing with ongoing pandemic. Owing to shortage of PPE, one-piece 3D face shields are saving the day for them currently."

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=72423

Key Findings of Global Medical Polycarbonate Market Study:

  • Excellent capability to deliver non-water-soluble drugs in IV to help lipid resistant sub-segment in the grade category to chart notable growth over the forecast period
  • This is also known to reduce stress cracking, thereby contributing to notable demand generation in this segment of the market
  • North America to dominate the global medical polycarbonate market, region-wise

Get an in-depth view of the leading trends operating in Medical Polycarbonate Market (Grade: Lipid-resistant Grade and High-temperature Grade; Processing Technology: Extrusion, Injection Molding, and Blow Molding; and Application: Fluid Delivery & IV Connection Components, Renal Dialysis Products, Cardiovascular Devices, Surgical Instruments, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/medical-polycarbonate-market.html

Key Drivers of Growth in Global Medical Polycarbonate Market:

As per Transparency Market Research, the global medical polycarbonate market is on an upward growth trajectory owing to numerous reasons. The list includes its perfect fit for the medical industry, owing to favorable properties such as high biocompatibility, superior strength and clarity, and high impact resistance. Besides, it is worth pointing out here, that it is a good substitute to metal and glass as it reduces chances of life threatening material failures. Other important factors are outlined below:

World over, population is ageing rapidly; by 2050, one in every six people would be aged 65 and above

  • Incidence of chronic illness is on a steep upward curve owing to poor lifestyle choices, hectic and stressful schedules, etc.
  • In North America and Europe, one in every four people will be aged 65 and above by 2050
  • The United States of America has witnessing six in every ten people suffering from a chronic illness

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/72423

Regional Analysis of Global Medical Polycarbonate Market:

  • North America to top regional charts of global medical polycarbonate market over the forecast period
  • Presence of top manufacturers such as GOEX Corporation and Trinseo S.A. supporting North American dominance
  • Increase in incidence of chronic illnesses to contribute positively to this growth by generating demand for surgical instruments, fluid delivery and IV components, and so on
  • A notable growth rate would be observed in the Asia Pacific (APAC) region over the forecast period
  • Government support to be a major factor of growth; India and China to be at the forefront of growth in APAC

Analyze medical polycarbonate market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitive Landscape of Global Medical Polycarbonate Market:

The global medical polycarbonate market has a decent number of players occupying its vendor landscape. However, the top few players hold a sizeable share of the market. Renowned names include Covestro AG, Mitsubishi Engineering-Plastics Corporations, SABIC, Trinseo S.A., Lotte Chemical Corporation, GOEX Corporation, and Chi Mei Corp, among others.

A variety of strategies are often deployed by top players, who are known for their active and proactive measures, used to strengthen their market position. Names like Covestro AG are known for product offerings – improvement and new launches. The company is also involved in expanding capacity.

Recently, three medical grade polycarbonates were launched by it for surgical devices and drug delivery. Product lines are Makrolon M204 LF, Makrolon M402 LF, and Makrolon M404 LF.

Global Medical Polycarbonate Market: Segmentation

Medical Polycarbonate Market, by Grade

  • Lipid-resistant Grade
  • High-temperature Grade

Medical Polycarbonate Market, by Processing Technology

  • Extrusion
  • Injection Molding
  • Blow Molding

Medical Polycarbonate Market, by Application

  • Fluid Delivery & IV Connection Components
  • Renal Dialysis Products
  • Cardiovascular Devices
  • Surgical Instruments
  • Others (including Medical Packaging, Lenses, Catheters, and Syringes)

Medical Polycarbonate Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

Liquid Packaging Market - The global Liquid packaging market is projected to grow at a CAGR of nearly 5% between 2019 and 2027. Expansion of the global liquid packaging market is driven by the increase in consumption of beverage, along with an increase in focus on brand image through innovative packaging.

Base Oil Market - This is evident since industrial oils are estimated to account for the second-highest revenue among all applications in the base oil market, where the global value is anticipated to reach ~US$ 42 Bn by the end of 2030.

Sodium Lauryl Ether Sulfate [SLES] Market - The increasing requirement of surfactants for the production of soaps and detergents has driven the growth of the sodium lauryl ether sulfate market.

Underground Mining Market - Underground mining market to reach a valuation of ~US$ 25 bn by 2027. The global underground mining market was valued at ~US$ 21.5 Bn in 2018, and is anticipated to expand at a CAGR of ~2% during the forecast period.

Calcium Chloride Market - On the basis of product type the global calcium chloride market is bifurcated into flakes 77%, flakes 94%, prills 94%, pellets 94%, liquid grade and others. Among them, the flakes 77% segment held major share of more than 25% the global calcium chloride market in 2018.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

SOURCE Transparency Market Research

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