Italy Medical Polymers Market Size & Outlook, 2022-2030
Italy medical polymers market, 2019-2030 (US$M)
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Italy medical polymers market highlights
- The Italy medical polymers market generated a revenue of USD 456.2 million in 2022 and is expected to reach USD 851.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 8.1% 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 456.2 million |
| Market revenue in 2030 | USD 851.0 million |
| Growth rate | 8.1% (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, Italy accounted for 2.3% 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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Italy 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 80.23% in 2022. Horizon Databook has segmented the Italy medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
Synthetic polymers are commonly used to manufacture catheters, prosthetic legs, and artificial corneas in the medical industry. They are also used for manufacturing disposables such as contact lenses, disposable enemas, dialysis disposables, hypodermic needles, and medical & cleaning gloves.
The widening application scope of synthetic polymers in the medical industry in Italy is expected to drive the growth of the medical polymers market over the forecast period. The growing geriatric population is a significant driver for high demand for implants in the region, including implants for joint replacement, augmentation, and reduction & correction surgeries.
The use of disposable medical products enhances ease of use and reduces sterilization requirements, which is expected to increase the demand for medical components in the medical polymers market over the next few years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into Italy medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Italy medical polymers market size, by product, 2019-2030 (US$M)
Italy Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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