The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s medical engineered materials market report forecasts the medical engineered materials market size to grow to $31.92 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

Learn More On The Medical Engineered Materials Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-engineered-materials-global-market-report

Medical Engineered Materials Market Size Forecast
The global medical engineered materials market is expected to grow from $16.83 billion in 2022 to $19.3 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical engineered materials market size is expected to grow to $31.92 billion in 2027 at a CAGR of 13.4%.

Asia-Pacific held the largest medical engineered materials market share and was the fastest-growing region in 2022.

Key Medical Engineered Materials Market Driver ­– Increase In Instances Of Chronic Diseases
For instance, in June 2020, according to the World Health Organization, a Switzerland-based government agency, chronic disease prevalence is expected to rise by 57% by the year 2020. Further, according to the International Diabetes Federation (IDF), an international organizations made from over 230 national diabetes association’s from 160 countries, in 2021, approximately 537 million adults were living with diabetes and the number is projected to increase to 643 million by 2030 and 783 million by 2045. Therefore, the increasing instances of chronic diseases are driving the growth of the medical engineered materials market.

Request for A Sample Of The Global Medical Engineered Materials Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7647&type=smp

Key Medical Engineered Materials Market Trend – Product Innovations
Major companies operating in the market are introducing new innovative products such as polycarbonateresin which is based on certified renewablefeedstock, to sustain their position in the market. For instance,in March 2020, a US-based specialty chemicals company, introduced osteoconductive polyether ether ketone (PEEK) that enhances the union between bone and an implant. Biphasic calcium phosphate, a unique functional addition, was used to create the novel PEEK biomaterial’s osteoconductive qualities, which enable bone cells to adhere to implants more quickly, positively and affecting fusion, or osteointegration, at the interface between the bone and the implant. In turn, this will hasten bone fusion and recovery.

Medical Engineered Materials Market Segment
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

Medical Engineered Materials Market Major Players and Strategies
Major players in the medical engineered materials market are Evonik Industries AG, Covestro AG, BASF SE, Solvay S.A., SABIC, Trelleborg AB, Koninklijke DSM N.V., Celanese Corporation, DuPont de Nemours Inc., Ethicon Inc., Henkel AG & Co. KGaA, Huntsman Corporation, Momentive Performance Materials Inc., Nitto Denko Corporation, and Recticel.

In February 2022, Celanese Corporation, a US-based global chemical leader, acquired Dupont’s resins and Advanced Solutions business lines for an amount of $11 billion. This acquisition is expected to help Celanese build a market-leading portfolio with unrivalled scale, production power, and technological experience to serve the automotive, consumer, and industrial markets. DuPont is a US-based company operating in medical engineered materials.

The Medical Engineered Materials Global Market Report 2023 covers regional data on medical engineered materials market size, medical engineered materials market trends and drivers, opportunities, strategies, and medical engineered materials market competitor analysis. The countries covered in the medical engineered materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

View More Reports Related To The Medical Engineered Materials Market –
Medical Equipment Calibration Services Global Market Report 2023
Engineered Stone Global Market Report 2023
Nanomaterials Global Market Report 2023

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: