Mexico Medical Polymers Market Size & Outlook, 2022-2030
Mexico medical polymers market, 2019-2030 (US$M)
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Mexico medical polymers market highlights
- The Mexico medical polymers market generated a revenue of USD 594.3 million in 2022 and is expected to reach USD 1,056.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.5% 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 594.3 million |
| Market revenue in 2030 | USD 1,056.5 million |
| Growth rate | 7.5% (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, Mexico 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 North America, U.S. medical polymers market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 12,860.5 million by 2030.
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Medical Polymers Market Scope
Medical Polymers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 63.55% in 2022. Horizon Databook has segmented the Mexico medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
The demand for medical components is expected to rise in Mexico on account of the growing prevalence of unhealthy lifestyles and the rising geriatric population. Mexico is one of the largest consumers of sugary drinks globally, which has resulted in a high incidence of diabetes.
An increase in blood viscosity in diabetic patients increases the risk of cardiovascular complications and other health issues. Also, the changing lifestyle and increasing consumption of fast food in Mexico are further expected to exacerbate health issues among consumers.
The medical polymers market in Mexico has witnessed rising acquisitions among extrusion solution providers catering to the medical industry. For instance, in November 2021, Johnson Plastic Group, a Mexico-based extrusion solutions provider, was acquired by Tekni-Plex, which provides medical device components and a multitude of material science solutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical polymers market size, by product, 2019-2030 (US$M)
Mexico Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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