China Medical Polymers Market Size & Outlook, 2022-2030
China medical polymers market, 2019-2030 (US$M)
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China medical polymers market highlights
- The China medical polymers market generated a revenue of USD 2,118.6 million in 2022 and is expected to reach USD 4,161.4 million by 2030.
- The China market is expected to grow at a CAGR of 8.8% from 2023 to 2030.
- In terms of segment, fibers & resins was the largest revenue generating product in 2022.
- Biodegradable Polymers is the most lucrative product segment registering the fastest growth during the forecast period.
Medical polymers market data book summary
| Market revenue in 2022 | USD 2,118.6 million |
| Market revenue in 2030 | USD 4,161.4 million |
| Growth rate | 8.8% (CAGR from 2022 to 2030) |
| Largest segment | Fibers & resins |
| Fastest growing segment | Biodegradable Polymers |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibers & Resins, Medical Elastomers, Biodegradable Polymers |
| Key market players worldwide | Basf SE, Cargill, Covestro AG, Celanese Corp Class A, Eastman Chemical Co, Evonik Industries AG, Dow Inc, Exxon Mobil Corp, Arkema SA, Koninklijke DSM NV, Formosa Plastics Group, SABIC, Trinseo PLC |
Other key industry trends
- In terms of revenue, China accounted for 10.6% of the global medical polymers market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical polymers market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 992.3 million by 2030.
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Medical Polymers Market Scope
Medical Polymers Market Companies
| Name | Profile | # Employees | HQ | Website |
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China medical polymers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical polymers market will help companies and investors design strategic landscapes.
Fibers & resins was the largest segment with a revenue share of 80.49% in 2022. Horizon Databook has segmented the China medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
China's medical polymers market is projected to witness substantial growth over the forecast period. This growth can be attributed to high healthcare costs, increasing private and public expenditure on healthcare, and growing incidence of diseases.
Furthermore, the increasing geriatric population is expected to be a significant contributor to the healthcare industry, which is expected to positively impact the market over the forecast period. The market growth can be attributed to government efforts to improve public access to develop healthcare services at affordable prices.
Increasing government expenditure to improve infrastructure and accessibility in rural and urban areas is expected to drive the demand for medical devices and components, which, in turn, is expected to augment the need for medical polymers over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the China medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into China medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China medical polymers market size, by product, 2019-2030 (US$M)
China Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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