UK Medical Polymers Market Size & Outlook, 2022-2030
UK medical polymers market, 2019-2030 (US$M)
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UK medical polymers market highlights
- The UK medical polymers market generated a revenue of USD 1,066.2 million in 2022 and is expected to reach USD 2,114.7 million by 2030.
- The UK market is expected to grow at a CAGR of 8.9% 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 1,066.2 million |
| Market revenue in 2030 | USD 2,114.7 million |
| Growth rate | 8.9% (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, UK accounted for 5.4% 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 Europe, UK medical polymers market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,114.7 million by 2030.
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Medical Polymers Market Scope
Medical Polymers Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 80.34% in 2022. Horizon Databook has segmented the UK medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
The UK is one of the key medical device markets in the world. Changing healthcare needs in the country, coupled with increased spending capacities of consumers, are expected to drive the demand for medical polymers over the forecast period.
Growing demand for medical plastics from polymers such as PVC, PP, PE, and PS for manufacturing medical devices, including consumables, orthopedic & prosthetic devices, dental products, and diagnostic imaging equipment, is expected to propel market growth.
Diabetes is a major cause of blindness, kidney failure, heart attacks, stroke and lower limb amputation. The high demand for medical treatment from ailing consumers to treat various conditions such as cardiovascular diseases, diabetes, and strokes is anticipated to positively influence the medical device industry in the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into UK medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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UK medical polymers market size, by product, 2019-2030 (US$M)
UK Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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