Germany Medical Polymers Market Size & Outlook, 2022-2030
Germany medical polymers market, 2019-2030 (US$M)
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Germany medical polymers market highlights
- The Germany medical polymers market generated a revenue of USD 608.6 million in 2022 and is expected to reach USD 1,176.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.6% 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 608.6 million |
| Market revenue in 2030 | USD 1,176.7 million |
| Growth rate | 8.6% (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, Germany accounted for 3.1% 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 Europe, UK medical polymers market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,114.7 million by 2030.
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Medical Polymers Market Scope
Medical Polymers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 80.27% in 2022. Horizon Databook has segmented the Germany medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
Germany is one of the top manufacturing hubs for medical technology globally. Manufacturers in the country invest significantly on R&D and product innovation. The adoption of novel technologies to offer superior quality and high-performance polymers for manufacturing durable and safe medical devices is expected to boost market growth over the forecast period.
The demand for medical polymers in the country is expected to be driven by their superior properties, leading to better performance and a reduction in the overall weight of medical devices. The growing geriatric population is the key driver for the German medical polymers market.
Lower mortality rates and high life expectancy are likely to boost the demand for medical devices in the region. The elderly population is more prone to chronic diseases and thus, requires constant medical care.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into Germany medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Germany medical polymers market size, by product, 2019-2030 (US$M)
Germany Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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