Polymers for Implantable Medical Devices Market Size, Share | Industry Analysis Report, 2025

As per credible estimates, the global polymers for implantable medical devices market was worth USD 992.9 million in the year 2019 and is expected to grow with a CAGR of 3.6% during 2020-2025, hence reaching USD 1143.3 million by the end of study period. High occurrence of chronic conditions such as cardiovascular diseases coupled with technological advancements in medical implants are major factors driving the growth of polymers for implantable medical devices industry. Medical implants are used to enhance the current biological structure, support a damaged structure, and to replace a missing structure in the body. Adding to this, increasing awareness pertaining to physical appearance and aesthetics as well as spike in disposable income has enhanced the demand for cosmetic surgeries, thereby further aiding the market expansion.

Growing elderly population suffering from heart disorders has enhanced the number of hospitalizations. This factor along with shifting preferences towards non-invasive medical treatment is fostering the demand for implantable medical devices. However, high costs of medical implants may hinder the market growth in the years to come, cite reports. Additionally, strict government regulations and unfavorable reimbursement policies may further inhibit product adoption across several geographies.

As per product type, the polymers for implantable medical devices market is categorized into metallic, ceramic, composites, natural, and polymeric types. The metallic implantable medical devices market segment is expected to register substantial growth during the forecast period. Metallic implants are extensively used for joint replacement surgeries. They offer high biocompatibility, corrosion resistance, strength, and durability. Thus, aforementioned factors are fueling the segmental growth. However, rising concerns over the release of ions from metallic implants may hamper the overall market growth.

On the other hand, natural implantable medical devices market segment will witness lucrative growth in the subsequent years. Natural implants are widely used in breast implant surgeries and thus, growing importance of rich physical aesthetics is contributing towards the popularity of the product across the globe.

Based on the application spectrum, the polymers for implantable medical devices market is classified into acrylic (hydrogels), acetal (POM), fluorocarbon, acrylic (MMA, PMMA), and others. The acetal (POM) applications segment is presumed to expand significantly during the estimated timeframe. Acetal is porosity free and offers superior dimensional stability, and is available in various colors. On the other hand, acrylic (MMA, PMMA) applications segment is poised to acquire substantial gains in the forthcoming years. Acrylic polymers offer high biocompatibility with human tissue which is favoring the segmental contribution.

As per regional analysis, the polymers for implantable medical devices market is divided into North America, South America, Europe, Middle East & Africa, and Asia-Pacific. The demand for polymers for implantable medical devices in North America is expected to surge in the forthcoming years. Factors such as availability of advanced medical facilities, increasing awareness pertaining to benefits of medical implants, and rising capita per income are facilitating the business scenario in North America.

Eastman, BASF, Covestro, Celanese, DowDuPont, DSM, ExxonMobil, Evonik, Tekni-Plex, Solvay, Huntsman, Kraton, HEXPOL, Tianjin Plastics, Shanghai New Shangua, Formosa Plastics, and INEOS are the prominent companies operating in the polymers for implantable medical devices industry.

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