Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What is the Predicted CAGR for the Medical Engineered Materials Market Over the Forecast Period of 2025 to 2034?

The market size for engineered materials in the medical field has significantly expanded in the past few years. Its valuation is projected to rise from $22.12 billion in 2024 to $25.43 billion in 2025 with a compound annual growth rate (CAGR) of 15.0%. Factors such as an increasing elderly population, adherence to regulatory standards, infection control, materials required for implants, and tissue engineering have contributed to the historical growth.

In the ensuing years, a swift expansion is projected for the medical engineered materials market. The market size is set to stretch to $43.79 billion by 2029, achieving a compound annual growth rate (CAGR) of 14.6%. Numerous factors contributing to this growth throughout the prediction period include global health readiness, the advent of 3D printing and additive manufacturing, the use of advanced coatings, the impact of nanomedicine, and the rise of personalized medicine. The period is also expected to see significant trends like nanotechnology, environmentally-friendly materials, the usage of biodegradable and resorbable materials, materials that are bioactive and intelligent, and advancements in medical technology.

What Are the Primary Drivers Supporting the Growth of the medical engineered materials Market?

The escalation in the occurrence of long-term illnesses is set to promote the expansion of the medical engineered materials market in the future. These illnesses are defined by symptoms lasting over a year, requiring continuous medical care, or causing impediments in everyday activities, or both. Nanoengineered components can be utilized in developing small models of a heart chamber which could tackle cardiac issues. For example, data from the National Center for Biotechnology Information (NCBI), a US National Library of Medicine, stated that the global population with chronic diseases is predicted to reach 142.66 million by 2050, a significant climb from 71.522 million in 2020. This correlation between the rise in chronic disease cases and the expansion of the medical engineered materials market is thus established.

Explore Comprehensive Insights Into The Global Medical Engineered Materials Market With A Free Sample Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7647&type=smp

Who Are the Top Companies Driving Innovation and Growth in the Medical Engineered Materials Market?

Major companies operating in the medical engineered materials market include:

• Evonik Industries AG

• Covestro AG

• BASF SE

• Solvay SA

• Saudi Basic Industries Corporation

What Key Trends Are Currently Impacting the Medical Engineered Materials Market’s Development?

To gain a competitive lead in the medical engineered materials market, prominent corporations are putting forth new products. For instance, in May 2022, the American specialty materials company, Celanese Corporation, introduced Celanex MT PBT 2406MT GF20. It’s a high-performance material suitable for medical devices along with other applications. This material distinguishes itself with its superior strength, rigidity, and frictionless sliding capabilities, making it apt for Class I, Class II, and Class III medical device functions, and other industries including automotive, electrical, electronics, industrial machinery, and consumer goods. The PBT+PET grade of this material, which has been tribologically altered and enhanced with 20% glass fiber, offers a variety of solutions for several industries.

Secure Your Global Medical Engineered Materials Market Report Now for Fast and Efficient Delivery!

https://www.thebusinessresearchcompany.com/report/medical-engineered-materials-global-market-report

What Are the Key Components of the Medical Engineered Materials Market, and How Do Its Segments Perform?

The medical engineered materials market covered in this report is segmented –

1) By Type: Medical Plastics, Medical Foams, Medical Films, Medical Adhesives, Medical Elastomer

2) By Application Type: Medical Devices, Medical Disposables, Medical Wearables, Advanced Woundcare

Subsegments:

1) By Medical Plastics: Polyethylene (PE), Polyvinyl Chloride (PVC), Polycarbonate (PC), Polypropylene (PP)

2) By Medical Foams: Polyurethane Foams, Polyethylene Foams, Silicone Foams

3) By Medical Films: Thermoplastic Films, Biodegradable Films, Adhesive Films

4) By Medical Adhesives: Epoxy Adhesives, Cyanoacrylate Adhesives, Silicone Adhesives

5) By Medical Elastomers: Silicone Elastomers, Thermoplastic Elastomers (TPE), Polyurethane Elastomers

Which Geographical Regions Are Pioneering Growth in the Medical Engineered Materials Market?

Asia-Pacific was the largest region in the medical engineered materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical engineered materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Do Experts Define the Scope of the Medical Engineered Materials Market?

Medical engineered materials refer to a material that is engineered to specific or custom requirements to engage with biological systems in a therapeutic or diagnostic manner for medical purposes. It is generally a link between science, technology, and medicine and is also known as biomaterials. The medical engineered materials are used to integrate key materials science modules with an understanding of medical design.

Browse Through More Similar Reports By The Business Research Company:

Thermal Interface Materials Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/thermal-interface-materials-global-market-report

Implantable Biomaterials Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/implantable-biomaterials-global-market-report

Automotive Acoustic Materials Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/automotive-acoustic-materials-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: