Medical Engineered Materials Market worth $29.1 billion by 2025 - Exclusive Report by MarketsandMarkets Medical Engineered Materials Market by Type (Medical plastics, medical foams, medical films, medical elastomers, medical adhesives), Application (Medical device, disposables, medical wearables, advanced wound care), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the global Medical Engineered Materials Market size is projected to reach USD 29.1 billion by 2025 from USD 15.8 billion in 2020, at a CAGR of 13.0% during the forecast period. Increase in aging population, rise in global healthcare expenditure, growing demand for minimally invasive medical procedures, and advancements in designing of medical electronics are the major drivers for the medical engineered materials market.
Based on type, medical plastics is estimated to be the largest market in the overall medical engineered materials market in 2020.
Medical plastics is the major largest segment amongst others in the market. Medical plastics are required in various applications in the healthcare field such as manufacturing of medical devices, tools, disposables, and diagnostic equipments which is responsible for the large market size. Growing healthcare infrastructure in emerging economies and increasing instances of chronic diseases are expected to drive the medical devices market, which, in turn, is likely to propel the demand for medical plastics.
Based on application, medical disposables is expected to be the largest medical engineered materials consuming sector in 2020.
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