Medical Engineered Materials Market Size, Trends, And Forecast 2024-2033
Medical Engineered Materials Market Size, Trends, And Forecast 2024-2033
LONDON , GREATER LONDON , UK , September 13, 2024 /EINPresswire.com/ -- The medical engineered materials market has experienced robust growth in recent years, expanding from $19.59 billion in 2023 to $22.67 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to aging population, regulatory compliance, infection control, materials for implants, tissue engineering.
Strong Future Growth Anticipated
The medical engineered materials market is projected to continue its strong growth, reaching $38.77 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to global health preparedness, 3d printing and additive manufacturing, advanced coatings, nanomedicine, personalized medicine.
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Growth Driver Of The Medical Engineered Materials Market
The increase in instances of chronic diseases are expected to drive the growth of the medical engineered materials market going forward. Chronic diseases refer to conditions that last a year or more and require ongoing medical attention or limit activities of daily living, or both. The nanoengineered parts can be used to build a miniature replica of a heart chamber and cure heart-related problems.
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Major Players And Market Trends
Key players in the medical engineered materials market include Evonik Industries AG, Covestro AG, BASF SE, Solvay SA, Saudi Basic Industries Corporation, Trelleborg AB, Koninklijke DSM N.V, Celanese Corporation.
Major companies operating in the medical engineered materials market are introducing new products to gain a competitive edge in the market.
Segments:
1) By Type: Medical Plastics, Medical Foams, Medical Films, Medical Adhesives, Medical Elastomer
2) By Application Type: Medical Devices, Medical Disposables, Medical Wearables, Advanced Woundcare
Geographical Insights: Asia-Pacific Leading The Market
Asia-Pacific was the largest region in the medical engineered materials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical engineered materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Medical Engineered Materials Market Definition
Medical engineered materials refer to a material that is engineered to specific or custom requirements to engage with biological systems in a therapeutic or diagnostic manner for medical purposes. It is generally a link between science, technology, and medicine and is also known as biomaterials. The medical engineered materials are used to integrate key materials science modules with an understanding of medical design.
Medical Engineered Materials Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Medical Engineered Materials Global Market Report 2024by The Business Research Company is the most comprehensive report that provides insights on medical engineered materials market size, medical engineered materials market driversand trends, medical engineered materials market major players, medical engineered materials competitors' revenues, medical engineered materials market positioning, and medical engineered materials market growth across geographies. The medical engineered materials market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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