Medical Engineered Materials Market Analysis

  • Report ID: 6415
  • Published Date: Sep 11, 2024
  • Report Format: PDF, PPT

Medical Engineered Materials Market Analysis

Type (Medical Plastics, Medical Foams, Medical Films, Medical Adhesives, Medical Elastomer)

The medical plastics segment dominated the global medical engineered materials market in 2024 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 (Medical Devices, Medical Disposables, Medical Wearables, Advanced Woundcare)

Medical disposables held the largest share in the applications segment in the 2024 market and are expected to witness a notable growth rate from 2025 to 2037. 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:

Type

  • Medical Plastics
  • Medical Foams
  • Medical Films
  • Medical Adhesives
  • Medical Elastomer

Application

  • Medical Devices
    • Diagnostic Equipment
    • Surgical Equipment
    • Dental Tools
    • Others
  • Medical Disposables
    • Surgical Instrument & Supplies
    • Diagnostic & Laboratory Disposables
    • Medical & Laboratory Gloves
    • Others
  • Medical Wearables
    • Smart Watch
    • Activity Monitor
    • Patches
    • Others
  • Advanced Woundcare
    • Dressings
    • Devices & Accessories
    • Graft & Matrices
    • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 6415
  • Published Date: Sep 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the medical engineered materials market was over USD 19.5 billion.

The market size for the medical engineered materials market is projected to reach USD 93.9 billion by the end of 2037 expanding at a CAGR of 14% during the forecast period i.e., between 2025-2037.

The major players in the market are Evonik Industries AG, BASF SE, Solvay, SABIC, Celanese Corporation, and others.

In terms of applications segment, the medical disposables segment is anticipated to garner the largest market share by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 38.9% by the end of 2037 and provide more business opportunities in the future.
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