North America Medical Polymers Market Size & Outlook
North America medical polymers market, 2019-2030 (US$M)
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North America medical polymers market highlights
- The North America medical polymers market generated a revenue of USD 8,431.4 million in 2022.
- The market is expected to grow at a CAGR of 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 8,431.4 million |
| Market revenue in 2030 | USD 15,560.2 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Fibers & resins |
| Fastest growing segment | Biodegradable Polymers |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 42.3% of the global medical polymers market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,188.3 million by 2030.
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Medical Polymers Market Scope
Medical Polymers Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 63.75% in 2022. Horizon Databook has segmented the North America 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 per capita healthcare spending in the form of health insurance in the U.S. has been one of the significant trends impacting the growth of the North American market. This is expected to augment the demand for generic drugs and medical devices over the coming years, thereby driving the medical polymers market in North America over the forecast period.
Rising demand for medical polymers in pharmaceutical packaging applications and the rapid growth of pharmaceutical industries in Mexico and Canada are expected to further fuel the medical polymers market in the region.
Increasing incidences of lifestyle-related diseases in the region, including diabetes and cardiac arrests, have resulted in increased spending on healthcare by the population. This is expected to boost the demand for medical devices, generic drugs, and healthcare services, thereby driving the medical polymers market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America medical polymers market , including forecasts for subscribers. This continent databook contains high-level insights into North America medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America medical polymers market size, by country, 2019-2030 (US$M)
North America Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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