Saudi Arabia Medical Polymers Market Size & Outlook

The medical polymers market in Saudi Arabia is expected to reach a projected revenue of US$ 147.7 million by 2030. A compound annual growth rate of 6% is expected of Saudi Arabia medical polymers market from 2023 to 2030.
Revenue, 2022 (US$M)
$92.8
Forecast, 2030 (US$M)
$147.7
CAGR, 2023 - 2030
6%
Report Coverage
Saudi Arabia

Saudi Arabia medical polymers market highlights

  • The Saudi Arabia medical polymers market generated a revenue of USD 92.8 million in 2022 and is expected to reach USD 147.7 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 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 2022USD 92.8 million
Market revenue in 2030USD 147.7 million
Growth rate6% (CAGR from 2022 to 2030)
Largest segmentFibers & resins
Fastest growing segmentBiodegradable Polymers
Historical data2019 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFibers & Resins, Medical Elastomers, Biodegradable Polymers
Key market players worldwideBasf 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, Saudi Arabia accounted for 0.5% 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 Middle East & Africa, Saudi Arabia medical polymers market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 147.7 million by 2030.

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Medical Polymers Market Companies

Name Profile # Employees HQ Website

Saudi Arabia 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 79.53% in 2022. Horizon Databook has segmented the Saudi Arabia medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.


The healthcare industry in Saudi Arabia is expected to expand rapidly over the coming years due to innovations and technological advancements in the medical industry. 

The healthcare industry is consistently investing on cloud integration and developing personalized medical devices, which may drive the medical polymers market.

The country depends on medical device imports from American companies. Local manufacturing is limited to medical consumables such as syringes, bandages, gloves, and furniture used in medical institutions.

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Target buyers of Saudi Arabia medical polymers market databook

  • Our clientele includes a mix of medical polymers market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.

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Saudi Arabia medical polymers market size, by product, 2019-2030 (US$M)

Saudi Arabia Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)

Saudi Arabia medical polymers market size, by product, 2019-2030 (US$M)

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