Japan Medical Polymers Market Size & Outlook, 2022-2030
Japan medical polymers market, 2019-2030 (US$M)
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Japan medical polymers market highlights
- The Japan medical polymers market generated a revenue of USD 599.1 million in 2022 and is expected to reach USD 1,153.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.5% from 2023 to 2030.
- In terms of segment, fibers & resins was the largest revenue generating product in 2022.
- Medical Elastomers 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 599.1 million |
| Market revenue in 2030 | USD 1,153.1 million |
| Growth rate | 8.5% (CAGR from 2022 to 2030) |
| Largest segment | Fibers & resins |
| Fastest growing segment | Medical Elastomers |
| 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, Japan accounted for 3.0% 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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Japan 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 Japan medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
The increasing healthcare cost in Japan due to the prevalence of expensive and innovative treatments are expected to drive the demand for medical polymers over the forecast period. Increasing incidence of chronic diseases has led to higher healthcare costs, which, in turn, is likely to positively impact the demand for medical polymers.
According to health policy studies of the Organization for Economic Co-operation and Development (OECD), Japan has the highest life expectancy of 83.9 years among OECD countries. This implies a higher risk of COVID-19 for elderly citizens with the current global death rate rising sharply among patients over 60 years.
Also, the rising prevalence of diseases among aging population is propelling the demand for orthopedic and dental implants in the country, which is likely to drive the demand for medical polymers in Japan over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into Japan medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Japan medical polymers market size, by product, 2019-2030 (US$M)
Japan Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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