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Source：雅式橡塑网

Transparency Market Research released a new market research report that documents the global demand for medical polymer materials from 2012 to 2018. It is expected that the CAGR of 5.6% will continue to rise. Within the same period, revenue growth is faster in this area and is expected to grow at a CAGR of 8.4%. The key factor driving the growth is aging population. By 2050, more than 16% of the world population will be over 65 years old.

In 2011, the medical polymer market value was $8.4 billion and the demand was 4,391,000 tons. By 2018, demand is expected to reach 6,411,700 tons. As the aging intensifies, the disposable medical device market demand potential will increase with it and thus driving the medical plastics market.

The report states, “Polymer material is low in cost, high in performance. It is getting popular in the market of disposable medical device. Family health also directly affects the sales of disposable medical devices. This trend will also help promote the use of degradable plastics. Biodegradable plastic will bea key segment in medical plastics”. According to the Transparency Market Research, the demand of biodegradable plastics will exponentially grow from 2012 to 2018.

The report noted that in the global market ofmedical polymer materials, resins and fibers accounted for more than 85% in 2011. Of this dominating share, PVC and PP are the highest resins consumed, accounting for 55%. But in the future, the demand for PC, ABS and other thermoplastic engineering plastics cannot be underestimated. It is estimated, from 2012 to 2018, the compounded annual growth rate will be more than 8%. SBC, TPU, TPO, TPV, liquid silicone rubber and other elastomers were the second largest medical plastic consumable products, recording a consumption of more than 550,000 tons in 2011