South Africa Medical Polymers Market Size & Outlook
South Africa medical polymers market, 2019-2030 (US$M)
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South Africa medical polymers market highlights
- The South Africa medical polymers market generated a revenue of USD 67.7 million in 2022 and is expected to reach USD 101.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.2% 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 67.7 million |
| Market revenue in 2030 | USD 101.9 million |
| Growth rate | 5.2% (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, South Africa accounted for 0.3% 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 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 Scope
Medical Polymers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 76.96% in 2022. Horizon Databook has segmented the South Africa medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
Cardiovascular disorders are the second-leading cause of death in South Africa, after HIV/AIDS. The country is grappling with cardiovascular fatalities since most of the population is obese with a high intake of tobacco and alcohol, leading to cancers and other diseases, which is expected to drive the demand for medical devices.
The unhealthy lifestyle of the South African population is expected to lead to increasing demand for dental, orthopedic, and cardiovascular implants, thereby positively impacting the medical polymers market.
Also, according to United Nations, interpersonal violence in South Africa is increasing at an alarming rate, which often leads to fractures and dental wounds. Such events further burden the South African public healthcare sector, which is already struggling to acquire adequate medical supplies such as medical equipment and implants.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical polymers market size, by product, 2019-2030 (US$M)
South Africa Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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