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Medical Engineered Material Trends and Forecast
The future of the global medical engineered material market looks promising with opportunities in the medical device, medical disposable, medical wearable, and advanced woundcare markets. The global medical engineered material market is expected to reach an estimated $44.4 billion by 2030 with a CAGR of 13.6% from 2024 to 2030. The major drivers for this market are increased healthcare costs in developing markets, growing old age population, and on-going advancements in the medical electronic components and technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Medical Engineered Material by Segment
The study includes a forecast for the global medical engineered material by type, application, and region.
Medical Engineered Material Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Medical Plastics
• Medical Foams
• Medical Films
• Medical Adhesives
• Medical Elastomer
Medical Engineered Material Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Medical Devices
• Medical Disposables
• Medical Wearables
• Advanced Woundcare
• Others
Medical Engineered Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Medical Engineered Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical engineered material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical engineered material companies profiled in this report include-
• Evonik
• Covestro
• BASF
• Solvay
• SABIC
• Trelleborg
• DSM
• Celanese
• DuPont
• B. Braun
Medical Engineered Material Market Insights
Lucintel forecasts that medical plastic will remain the largest segment over the forecast period due to expanding healthcare infrastructure in emerging nations and rising prevalence of chronic diseases.
Within this market, medical disposable will remain the largest segment as it is affordable and biocompatible.
APAC is expected to witness highest growth over the forecast period due to surge in population, increasing need for better healthcare facilities, and rise in lifestyle-related illnesses.
Features of the Global Medical Engineered Material Market
Market Size Estimates: Medical engineered material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Medical engineered material market size by type, application, and region in terms of value ($B).
Regional Analysis: Medical engineered material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the medical engineered material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical engineered material market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the medical engineered material market size?
Answer: The global medical engineered material market is expected to reach an estimated $44.4 billion by 2030.
Q2. What is the growth forecast for medical engineered material market?
Answer: The global medical engineered material market is expected to grow with a CAGR of 13.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the medical engineered material market?
Answer: The major drivers for this market are increased healthcare costs in developing markets, growing old age population, and on-going advancements in the medical electronic components and technology.
Q4. What are the major segments for medical engineered material market?
Answer: The future of the medical engineered material market looks promising with opportunities in the medical device, medical disposable, medical wearable, and advanced woundcare markets.
Q5. Who are the key medical engineered material market companies?
Answer: Some of the key medical engineered material companies are as follows:
• Evonik
• Covestro
• BASF
• Solvay
• SABIC
• Trelleborg
• DSM
• Celanese
• DuPont
• B. Braun
Q6. Which medical engineered material market segment will be the largest in future?
Answer: Lucintel forecasts that medical plastic will remain the largest segment over the forecast period due to expanding healthcare infrastructure in emerging nations and rising prevalence of chronic diseases.
Q7. In medical engineered material market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to surge in population, increasing need for better healthcare facilities, and rise in lifestyle-related illnesses.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the medical engineered material market by type (medical plastics, medical foams, medical films, medical adhesives, and medical elastomer), application (medical devices, medical disposables, medical wearables, advanced woundcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Medical Engineered Material Market, Medical Engineered Material Market Size, Medical Engineered Material Market Growth, Medical Engineered Material Market Analysis, Medical Engineered Material Market Report, Medical Engineered Material Market Share, Medical Engineered Material Market Trends, Medical Engineered Material Market Forecast, Medical Engineered Material Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Medical Engineered Material Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Medical Engineered Material Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Medical Engineered Material Market by Type
3.3.1: Medical Plastics
3.3.2: Medical Foams
3.3.3: Medical Films
3.3.4: Medical Adhesives
3.3.5: Medical Elastomer
3.4: Global Medical Engineered Material Market by Application
3.4.1: Medical Devices
3.4.2: Medical Disposables
3.4.3: Medical Wearables
3.4.4: Advanced Woundcare
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Medical Engineered Material Market by Region
4.2: North American Medical Engineered Material Market
4.2.2: North American Medical Engineered Material Market by Application: Medical Devices, Medical Disposables, Medical Wearables, Advanced Woundcare, and Others
4.3: European Medical Engineered Material Market
4.3.1: European Medical Engineered Material Market by Type: Medical Plastics, Medical Foams, Medical Films, Medical Adhesives, and Medical Elastomer
4.3.2: European Medical Engineered Material Market by Application: Medical Devices, Medical Disposables, Medical Wearables, Advanced Woundcare, and Others
4.4: APAC Medical Engineered Material Market
4.4.1: APAC Medical Engineered Material Market by Type: Medical Plastics, Medical Foams, Medical Films, Medical Adhesives, and Medical Elastomer
4.4.2: APAC Medical Engineered Material Market by Application: Medical Devices, Medical Disposables, Medical Wearables, Advanced Woundcare, and Others
4.5: ROW Medical Engineered Material Market
4.5.1: ROW Medical Engineered Material Market by Type: Medical Plastics, Medical Foams, Medical Films, Medical Adhesives, and Medical Elastomer
4.5.2: ROW Medical Engineered Material Market by Application: Medical Devices, Medical Disposables, Medical Wearables, Advanced Woundcare, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Medical Engineered Material Market by Type
6.1.2: Growth Opportunities for the Global Medical Engineered Material Market by Application
6.1.3: Growth Opportunities for the Global Medical Engineered Material Market by Region
6.2: Emerging Trends in the Global Medical Engineered Material Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Medical Engineered Material Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Engineered Material Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Evonik
7.2: Covestro
7.3: BASF
7.4: Solvay
7.5: SABIC
7.6: Trelleborg
7.7: DSM
7.8: Celanese
7.9: DuPont
7.10: B. Braun
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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