Medical Devices Is Fastest Growing Segment Fueling The Growth of Medical Polymers Market.
The global Medical Polymers Market is estimated to be valued at US$ 22.13 Bn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Medical polymers are synthetic or semi-synthetic polymers used in various medical devices and equipment owing to their flexibility, durability and biocompatibility. These polymers find wide application in medical tubing, surgical tools, drug delivery systems and prosthetic devices due to their light weight and durability. Market Key Trends: Growing demand for minimally invasive procedures is one of the major trends witnessed in the medical polymers market . Minimally invasive surgeries require high performance medical polymers for the manufacturing of catheters, guidewires, balloons and stents. Miniaturization of medical devices has increased the adoption of polymers with enhanced mechanical properties, flexibility and biocom...