North America is the Largest Market while Asia-Pacific Leads Global Medical Engineered Materials

According to Market Research Report (2024-2030) by Industry Experts, Inc, global market deamnd to reach $38B by 2030
By: Industry Experts, Inc
LOS ANGELES - May 28, 2024 - PRLog -- Industry Experts, Inc unveiled the new global market research report, on Medical Engineered Materials, entitled "Medical Engineered Plastics – A Global Market Overview". According to this new report, the largest market for medical engineered materials is the medical disposables with an expected US$9.4 billion in 2024 and the segment is also projected to be the fastest growing during the analysis period 2024-2030.

In broad terms, Medical Engineered Materials can be referred to as specialized medical-grade materials that are utilized for medical and healthcare purposes. These materials are subjected to a number of design and approval processes, so that they can be used in manufacturing a variety of products and solutions for the medical sector.

While North America leads the global demand for Medical Engineered Materials, with a share of over 35% estimated for 2024, Asia-Pacific is likely to emerge as the fastest growth market with growth rate compounded at over 11% during the analysis period. Factors for this include growing healthcare costs, increase in geriatric population, advancements in minimally invasive surgical procedures and unprecedented growth in lifestyle-related diseases.

The market for Medical Engineered Material types studied in this report includes Medical Adhesives, Medical Elastomers, Medical Films, Medical Foams and Medical Plastics. The various applications in which Medical Engineered Materials are used include Medical Devices, Medical Disposables, Medical Wearables and Medical Wound Care Products. Hospitals, clinics, diagnostic centers and R&D institutions represent the primary end-use facilities of these materials.

The report reviews, analyzes and projects the Medical Engineered Materials market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World for the period 2021-2030 in terms of US$. These regional markets further analyzed for 15 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; South America – Argentina and Brazil.

The study includes 208 charts (includes a data table), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by material type, application, end-use and geographic region. This report profiles 27 key global players and also provides a listing of the companies engaged in the manufacturing and supply of Medical Engineered Materials. The global list of companies covers addresses, contact numbers and the website addresses of 339 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

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