Medical Engineered Materials Market Segmentation:
Type Segment Analysis
The medical plastics segment dominated the global medical engineered materials market owing to their variety of uses including diagnostic equipment, medical instruments, disposables, and other materials in the healthcare industry. Furthermore, medical plastics contain properties such as durability and are recyclable, making them a good investment. These plastics are also used in single-use medical products such as syringes, and tubes. Owing to affordability, sustainability, and versatility, medical plastics are projected to remain a primary medical material consistently in demand. Additionally, regulatory approvals for plastic-based devices are considerably boosting the market growth. For instance, in April 2024, 3D Systems received FDA 510(k) clearance for VSP PEEK Cranial Implant, which is a 3D-printed, patient-specific cranial implant solution.
Application Segment Analysis
Medical disposables is expected to witness a notable growth rate till 2035. This majorly includes single-use syringes, gloves, catheters, IV tubes, and more. Rising awareness of medical hygiene and prevention of communicable and infectious diseases contributes significantly to market growth. With further advancements in materials including medical-grade plastics and polymers, disposable medical devices are gaining more popularity, catering to specific procedures and patient needs. This continues to drive the expansion of medical disposables in the medical engineered materials market.
Our in-depth analysis of the medical engineered materials market includes the following segments:
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