Medical Polycarbonate Market Size And Forecast
The Global Medical Polycarbonate Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Medical Polycarbonate Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Medical Polycarbonate Market was valued at USD 950 Million in 2019 and is projected to reach USD 1,230 Million by 2027, growing at a CAGR of 3.30 % from 2020 to 2027.
What is Medical Polycarbonate?
Polycarbonates are chemical structures made from a cluster of thermoplastic polymers containing carbonate groups. It is used and tested in the medical device industry. Glass-filled polycarbonates are highly referred for surgical and drug delivery. Polycarbonate poses strong UV protection. It is manufactured by polymerization of a monomer containing hydroxyl end groups and phosgene. There are 4 grades of medical polycarbonates – radiation grades, high-temperature grades, lipid resistant grades, and polycarbonate blends and films.
Its properties include integral strength, excellent optical clarity, high heat distortion temperature, biocompatibility, and high impact resistance. They are used in medical devices and processes, such as renal dialysis, cardiac surgery, and surgical instruments such as needle-free injection systems, perfusion equipment, blood centrifuge bowls, stopcocks, laparoscopic surgical tools.
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Global Medical Polycarbonate Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The high performance, durability, and sustainability of thermoplastics, increasing use in food, beverage, and pharmaceutical industry for the production of food storage containers, water bottles, dialysis, and respiratory devices are expected to fuel the growth of the global medical polycarbonate market. Additionally, the advancements in technologies such as wearables, augmented reality (AR) devices, virtual reality (VR) devices, sensors, and drones have anticipated to propel the market growth for the forecast period.
However, lack of skilled technicians, developing infrastructure, and unawareness among society are the potential restraints hindering the overall market. The advancements in technologies, and untapped potential in emerging markets, and expenditure by governments offers favorable growth opportunities.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Medical Polycarbonate Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Medical Polycarbonate Market Competitive Landscape
The “Global Medical Polycarbonate Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such Covestro AG, SABIC, Trinseo S.A., GOEX Corporation, Mitsubishi Engineering-Plastics Corporation, Chi Mei Corp., Lotte Chemical Corporation, LG Chemicals, RTP Company, Bayer, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Medical Polycarbonate Market, By Grade
• Lipid-resistant Grade
• High-temperature Grade
Medical Polycarbonate Market, By Processing Technology
• Injection Molding
• Blow Molding
Medical Polycarbonate Market, By End-User
• Fluid Delivery & IV Connection Components
• Renal Dialysis Products
• Cardiovascular Devices
• Surgical Instruments
Medical Polycarbonate Market, By Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America
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