Biodegradable Medical Plastics Market to Record a CAGR of 11.79% by 2025 | Growth in Geriatric Population to Boost Growth | Technavio

·5 min read

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The biodegradable medical plastics market is expected to grow by USD 261.00 mn from 2020 to 2025, progressing at a CAGR of 11.79%, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and the Y-O-Y growth rate

Attractive Opportunities in Biodegradable Medical Plastics Market by Application and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Biodegradable Medical Plastics Market by Application and Geography - Forecast and Analysis 2021-2025

Request a Free Sample Report to explore growth opportunities in the biodegradable medical plastics market.

The biodegradable medical plastics market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The biodegradable medical plastics market report covers the following areas:

Biodegradable Medical Plastics Market 2021-2025: Segmentation

  • Application

  • Geography

To learn more about the contribution of each segment of the market, Download a Free Sample

Biodegradable Medical Plastics Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

Growth in geriatric population, global rise in orthopedic disorders, and increasing preference for sustainable products will offer immense growth opportunities. However, high manufacturing cost, rise in concerns related to the use of biodegradable medical plastics, and stringent regulations for use of biodegradable medical plastics will challenge the growth of the market participants.

Biodegradable Medical Plastics Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the biodegradable medical plastics market, including Arkema SA, Arthrex Inc., BASF SE, Bio-on Spa, Celanese Corp., Corbion nv, Danimer Scientific, Eastman Chemical Co., Evonik Industries AG, and Koninklijke DSM NV. Backed with competitive intelligence and benchmarking, our research report on the biodegradable medical plastics market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Subscribe to our "Lite Plan" billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.

Biodegradable Medical Plastics Market 2021-2025: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. Based on geography, the biodegradable medical plastics market has been segmented into five regions, namely North America, Europe, APAC, MEA, and South America. According to our research, 33% of the market's growth will originate from North America during the forecast period. The US is the key country for the biodegradable medical plastics market in the region. North America will record a fast growth rate during the forecast period. As a result, the region is expected to offer several growth opportunities to market vendors. This will significantly influence the biodegradable medical plastics market growth in this region.

Biodegradable Medical Plastics Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist biodegradable medical plastics market growth during the next five years

  • Estimation of the biodegradable medical plastics market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the biodegradable medical plastics market

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of biodegradable medical plastics market vendors

Related Reports:

  • Biopolymers and Bioplastic Market: The biopolymers and bioplastic market has been segmented by end-user (packaging, consumer goods, and others), type (bio-PE, bio-PET, PLA, biodegradable starch blends, and others), and geography (Europe, APAC, North America, South America, and MEA). Download Free Sample Report

  • Biodegradable Plastics Market: The biodegradable plastics market has been segmented by end-user (packaging, consumer goods, textile, agriculture, and others) and geography (Europe, North America, APAC, South America, and MEA). Download Free Sample Report

Biodegradable Medical Plastics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.79%

Market growth 2021-2025

USD 261.00 million

Market structure

Fragmented

YoY growth (%)

11.34

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 33%

Key consumer countries

US, Germany, France, China, Japan, and Italy

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arkema SA, Arthrex Inc., BASF SE, Bio-on Spa, Celanese Corp., Corbion nv, Danimer Scientific, Eastman Chemical Co., Evonik Industries AG, and Koninklijke DSM NV

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
Cision
Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/biodegradable-medical-plastics-market-to-record-a-cagr-of-11-79-by-2025--growth-in-geriatric-population-to-boost-growth--technavio-301432304.html

SOURCE Technavio

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting