The Worldwide Medical Engineered Materials Industry is Expected to Reach $29.1 Billion by 2025 at a CAGR of 13% from 2020

DUBLIN, April 13, 2021 The "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 - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

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%.

This growth is attributed to the increasing healthcare expenses in emerging economies, and rising geriatric population increasing need of advanced medical technologies and devices. Also, innovations for minimally invasive surgical procedures is increasing demand for medical engineered materials globally. Advancements in the designing of medical electronic components is also among the major drivers of the medical engineered materials consumption.

Medical Plastics accounted for the largest share in total medical engineered materials market

Medical plastics is the largest type among other medical engineered materials used in the manufacture of medical devices and disposables. Medical plastics can be classified as plastics used to manufacture medical disposables, medical instruments & tools, and drug delivery devices. 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.

Medical disposables accounted for the largest market share

The medical disposables segment accounted for the largest share in the overall market in 2019. Medical disposables can be defined as products, which are designed for single-use applications. Increased incidences of chronic diseases, changing lifestyle of the middle-income group, demand for better healthcare facilities, and an increase in the ageing population are the major drivers for the market

APAC is the largest and fastest growing medical engineered materials market globally

APAC was the largest market for medical engineered materials in 2019. Growth in APAC is primarily attributed to the fast-paced expansion of the economies, such as China, India, Indonesia, Thailand, Australia, and Malaysia. The region has become an attractive location for pharmaceutical drug production and medical equipment manufacturing companies. The major drivers for the medical devices sector in APAC are the change in reforms regarding value-based care in existing systems, ecosystem partnership across the value-chain, increasing R&D, and digitalization of the healthcare system.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Medical Engineered Materials Market
4.2 Medical Engineered Materials Market, by Type
4.3 Medical Engineered Materials Market, by Application
4.4 Medical Engineered Materials Market, by Major Countries
4.5 APAC Medical Engineered Materials Market, by Type and Country, 2019

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Geriatric Population Demands Advanced Medical Technologies and Devices
5.2.1.2 Growing Healthcare Investments in Emerging Economies
5.2.1.3 Shift Toward Minimally Invasive Surgical Procedures
5.2.2 Restraints
5.2.2.1 Time Consuming Regulatory Procedures
5.2.3 Opportunities
5.2.3.1 R&D to Create Advanced Materials
5.2.3.2 Development of Patient-Specific Equipment Using 3D Printing
5.2.4 Challenges
5.2.4.1 Medical Waste Management Concerns
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Tariffs & Regulations
5.4.1 Tariffs
5.4.2 Regulations
5.4.2.1 US
5.4.2.2 Europe
5.4.3 Country-Wise Regulations
5.5 Trade Data
5.5.1 Top 10 Importers of Medical Goods, 2019
5.5.1.1 Top 10 Medical Exporters of Medical Goods, 2019
5.6 Macroeconomic Analysis
5.7 Case Study Analysis
5.8 Technology Analysis:
5.8.1 Integration of Medical Wearables with Novel Technologies Such as IoT, Advanced Technologies, Data Analytics, and Material Science
5.8.2 3D Printing
5.9 Average Selling Price
5.10 Ecosystem
5.11 Impact of COVID-19 on Medical Engineered Materials Market
5.11.1 COVID-19
5.11.2 Confirmed Cases and Deaths, by Geography
5.11.3 Impact on End-Use Industries
5.12 Trends/Disruptions Impacting Customer's Business
5.12.1 Medical Plastics Used in Wearable Materials and Robotics Will Impact Growth
5.13 Value Chain Analysis
5.13.1 Raw Material Suppliers
5.13.2 Resin Manufacturers
5.13.3 Distributors/Convertors
5.13.4 Oem/Medical Device Manufacturers
5.14 Patent Analysis

6 Medical Engineered Materials Market, by Type
6.1 Introduction
6.2 Medical Plastics
6.2.1 Use in Medical Devices Manufacturing to Drive the Demand
6.2.2 Engineering Plastics
6.2.3 High-Performance Plastics
6.2.4 Silicone
6.3 Medical Foams
6.3.1 Biocompatibility and Non-Toxic Nature to Drive the Demand
6.3.2 Flexible Foams
6.3.3 Rigid Foams
6.3.4 Spray Foams
6.4 Medical Films
6.4.1 Necessity in Wound Care and Packaging to Drive the Demand
6.4.2 Polyurethane (Pu) Films
6.4.3 Silicone Films
6.4.4 Polyamide Films
6.4.5 Others
6.5 Medical Elastomers
6.5.1 Resilience and Flexibility Properties to Drive Market Growth
6.5.2 Thermoset Elastomers
6.5.3 Thermoplastic Elastomers
6.6 Medical Adhesives
6.6.1 Use of Adhesives in Medical Device Manufacturing and Dressings to Drive the Market

7 Medical Engineered Materials Market, by Application
7.1 Introduction
7.2 Medical Devices
7.2.1 Growing Population and Increase in the Number of Hospitals and Treatment Clinics to Drive the Medical Devices Market
7.2.2 Diagnostic Equipment
7.2.3 Surgical Equipment
7.2.4 Dental Tools
7.2.5 Others
7.3 Medical Disposables
7.3.1 Growing Concern Regarding the Spread of Diseases Through Contact to Drive the Market
7.3.2 Surgical Instruments & Supplies
7.3.3 Diagnostic & Laboratory Disposables
7.3.4 Medical & Laboratory Accessories
7.3.5 Others
7.4 Medical Wearables
7.4.1 Increasing Awareness of Living Fit and Healthy Life to Drive the Market
7.4.2 Smart Watch
7.4.3 Activity Monitor
7.4.4 Patches
7.4.5 Others
7.5 Advanced Wound Care
7.5.1 Technological Advancements in the Field of Wound Care Are Driving the Market
7.5.2 Dressings
7.5.3 Devices & Accessories
7.5.4 Graft & Matrices
7.5.5 Others

8 Medical Engineered Materials Market, by Region
8.1 Introduction
8.2 North America
8.3 APAC
8.4 Europe
8.5 Middle East & Africa
8.6 South America

9 Competitive Landscape
9.1 Overview
9.2 Revenue Analysis of Top Players
9.3 Market Share, 2019
9.4 Market Ranking
9.4.1 Evonik
9.4.2 Covestro
9.4.3 BASF
9.4.4 Sabic
9.4.5 Solvay
9.5 Company Evaluation Quadrant
9.5.1 Star
9.5.2 Pervasive
9.5.3 Participants
9.6 Company Evaluation Matrix, 2019
9.7 Key Market Developments
9.7.1 Investment & Expansion
9.7.2 Merger & Acquisition
9.7.3 New Product/Technology Launch
9.7.4 Agreement & Collaboration
9.7.5 Partnership

10 Company Profiles
10.1 Evonik
10.1.1 Business Overview
10.1.2 Evonik: Business Overview
10.1.3 Products Offered
10.1.4 Recent Developments
10.1.5 Current Focus and Strategies
10.1.6 Threat from Competition
10.1.7 Evonik's Right to Win
10.2 Covestro
10.2.1 Business Overview
10.2.2 Covestro: Business Overview
10.2.3 Products Offered
10.2.4 Recent Developments
10.2.5 Current Focus and Strategies
10.2.6 Threat from Competition
10.2.7 Right to Win
10.3 BASF
10.3.1 Business Overview
10.3.2 BASF: Business Overview
10.3.3 Products Offered
10.3.4 Recent Developments
10.3.5 Right to Win
10.3.6 Strategic Choices Made
10.3.7 Weakness and Competitive Threat
10.4 Sabic
10.4.1 Business Overview
10.4.2 Sabic: Business Overview
10.4.3 Products Offered
10.4.4 Recent Developments
10.4.5 Current Focus and Strategies
10.4.6 Threat from Competition
10.4.7 Sabic's Right to Win
10.5 Solvay
10.5.1 Business Overview
10.5.2 Solvay: Business Overview
10.5.3 Products Offered
10.5.4 Recent Developments
10.5.5 Current Focus and Strategies
10.5.6 Threat from Competition
10.5.7 Solvay's Right to Win
10.6 Trelleborg Ab
10.6.1 Business Overview
10.6.2 Trelleborg Ab: Business Overview
10.6.3 Products Offered
10.6.4 Recent Developments
10.6.5 Analyst's View
10.7 Dupont
10.7.1 Business Overview
10.7.2 DSM: Business Overview
10.7.3 Products Offered
10.7.4 Recent Developments
10.7.5 Analyst's View
10.8 DSM
10.8.1 Business Overview
10.8.2 DSM: Business Overview
10.8.3 Products Offered
10.8.4 Recent Developments
10.8.5 Analyst's View
10.9 Eastman Chemical Company
10.9.1 Business Overview
10.9.2 Eastman Chemical Company: Business Overview
10.9.3 Products Offered
10.9.4 Recent Developments
10.9.5 Analyst's View
10.10 Celanese Corporation
10.10.1 Business Overview
10.10.2 Celanese Corporation: Business Overview
10.10.3 Products Offered
10.10.4 Recent Developments
10.10.5 Analyst's View
10.11 Other Key Players
10.11.1 Huntsman Corporation
10.11.2 Trinseo
10.11.3 Teknor Apex
10.11.4 Arkema
10.11.5 3M
10.11.6 Henkel
10.11.7 Baxter International
10.11.8 Nitto Denko
10.11.9 Momentive Performance Materials Inc.
10.11.10 Sekisui Chemical
10.11.11 Recticel
10.11.12 Ethicon
10.11.13 B.Braun
10.11.14 Ensinger
10.11.15 Rtp Company

11 Adjacent/Related Markets
11.1 Limitations
11.2 Advanced Wound Care Market
11.2.1 Advanced Wound Care Market, Market Overview
11.2.2 Advanced Wound Care Market, by Product
11.2.2.1 Dressings
11.2.2.2 Devices & Accessories
11.2.2.3 Grafts & Matrices
11.2.2.4 Topical Agents
11.2.3 Advanced Wound Care Market, by Wound Type
11.2.3.1 Surgical & Traumatic Wounds
11.2.3.2 Diabetic Foot Ulcers
11.2.3.3 Pressure Ulcers
11.2.3.4 Venous Leg Ulcers
11.2.3.5 Burns & Other Wounds
11.2.4 Advanced Wound Care Market, by End-User
11.2.4.1 Hospitals, Ascs, and Wound Care Centers
11.2.4.2 Home Care Settings
11.2.4.3 Other End-users
11.2.5 Advanced Wound Care Market, by Region
11.2.5.1 APAC
11.2.5.2 North America
11.2.5.3 Europe
11.2.5.4 Latin America
11.2.5.5 Middle East & Africa
11.3 Medical Wearables Market
11.3.1 Clinical-Grade Wearables Market, by Device Type
11.3.1.1 Vital Sign Monitoring Devices
11.3.1.2 Glucose Monitoring Devices & Insulin Pumps
11.3.1.3 Fetal Monitoring & Obstetric Devices
11.3.1.4 Neuromonitoring Devices
11.3.1.5 Sleep Monitoring Devices
11.3.2 Clinical-Grade Wearables Market, by Product
11.3.2.1 Patches
11.3.2.2 Smartwatches
11.3.2.3 Activity Monitors & Wristbands
11.3.2.4 Other Clinical-Grade Wearables
11.3.3 Clinical-Grade Wearables Market, by End-User
11.3.3.1 Long-Term Care Centers, Assisted-Living Facilities, and Nursing Homes
11.3.3.2 Hospitals
11.3.3.3 Ambulatory Care Centers
11.3.3.4 Home Care Settings
11.3.4 Clinical-Grade Wearables Market, by Region
11.3.4.1 APAC
11.3.4.2 North America
11.3.4.3 Europe
11.3.4.4 Middle East & Africa
11.3.4.5 Latin America

12 Appendix

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