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Medical Engineered Materials Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5700415
Major players in the medical engineered materials market are Evonik Industries AG, Covestro AG, BASF SE, Solvay S.A, SABIC, Trelleborg AB, Koninklijke DSM N.V, Celanese Corporation, DuPont de Nemours Inc, Ethicon Inc, Henkel AG & Co. KGaA, Huntsman Corporation, Momentive Performance Materials Inc., Nitto Denko Corporation, and Recticel.

The global medical engineered materials market is expected to grow from $14.71 billion in 2021 to $16.74 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The market is expected to grow to $27.90 billion in 2026 at a CAGR of 13.6%.

The medical engineered materials market consists of sales of medical engineered products by entities (organizations, sole traders, and partnerships) that are used to integrate key materials science modules with an understanding of medical design. 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 main types of medical engineered materials are medical plastics, medical foams, medical films, medical adhesives, and medical elastomers. Medical-grade plastic materials refer to plastics designed to make medical products. It is used for manufacturing products for in vitro diagnostics and primary packaging for pharmaceuticals, which preserves and contains medicines to avoid contamination. The various applications involved medical devices, medical disposables, medical wearables, and advanced wound care.

Asia-Pacific was the largest region in the medical engineered materials market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this medical engineered materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Increasing 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. For instance, in June 2020, according to the World Health Organization, a Switzerland-based government agency, chronic disease prevalence is expected to rise by 57% by the year 2020. Further, in June 2021, according to the World Health Organization (WHO), a Switzerland-based government agency, CVDs took the lives of 17.9 million individuals worldwide in 2019, accounting for 32% of all deaths. Heart attacks and strokes were responsible for 85% of these deaths. CVDs were responsible for 38% of the 17 million premature deaths (before the age of 70) caused by noncommunicable diseases in 2019. Therefore, the increasing instances of chronic diseases are driving the growth of the medical engineered materials market.

Productinnovationss are a key trend gaining popularity in the medical engineered materials market. Major companies operating in the market are introducing new innovative products such as polycarbonateresin,n which is based on certified renewablefeedstock,k to sustain their position in the market. For instance, in October 2019, SABIC, a Saudi-based chemical manufacturing company involved in medical engineered materialy, launched the first polycarbonate based on certified renewable feedstock that includes the company'sTRUCIRCLETM™ project of circular solutions and is suitable for usage in the healthcare industry. According to SABIC's PC cradle-to-gate LCA study, the manufacture of polycarbonate resin may result in considerable reductions in carbon footprint (up to 50%) and impacts on fossil fuel depletion (up to 35%)

In February 2022, Celanese Corporation, a US-based global chemical leader, acquired Dupont's resins and Advanced Solutions business lines for an amount of $11 billion. This acquisition is expected to help Celanese build a market-leading portfolio with unrivalled scale, production power, and technological experience to serve the automotive, consumer, and industrial markets. DuPont is a US-based company operating in medical engineered materials.

The countries covered in the medical engineered materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The medical engineered materials market research report is one of a series of new reports that provides medical engineered materials market statistics, including medical engineered materials industry global market size, regional shares, competitors with a medical engineered materials market share, detailed medical engineered materials market segments, market trends and opportunities, and any further data you may need to thrive in the medical engineered materials industry. This medical engineered materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



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Frequently Asked Questions about the Global Medical Engineered Materials Market

What is the estimated value of the Global Medical Engineered Materials Market?

The Global Medical Engineered Materials Market was estimated to be valued at $16.74 billion in 2022.

What is the growth rate of the Global Medical Engineered Materials Market?

The growth rate of the Global Medical Engineered Materials Market is 13.6%, with an estimated value of $27.9 billion by 2026.

What is the forecasted size of the Global Medical Engineered Materials Market?

The Global Medical Engineered Materials Market is estimated to be worth $27.9 billion by 2026.

Who are the key companies in the Global Medical Engineered Materials Market?

Key companies in the Global Medical Engineered Materials Market include Evonik Industries AG, Covestro AG, BASF SE, Solvay S.A, SABIC, Trelleborg AB, Koninklijke DSM N.V, Celanese Corporation and Ethicon Inc..

Table of Contents

1. Executive Summary2. Medical Engineered Materials Market Characteristics3. Medical Engineered Materials Market Trends And Strategies
4. Medical Engineered Materials Market - Macro Economic Scenario
4.1. COVID-19 Impact On Medical Engineered Materials Market
4.2. Ukraine-Russia War Impact On Medical Engineered Materials Market
4.3. Impact Of High Inflation On Medical Engineered Materials Market
5. Medical Engineered Materials Market Size And Growth
5.1. Global Medical Engineered Materials Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Medical Engineered Materials Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Medical Engineered Materials Market Segmentation
6.1. Global Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Medical Plastics
  • Medical Foams
  • Medical Films
  • Medical Adhesives
  • Medical Elastomer
6.2. Global Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Medical Devices
  • Medical Disposables
  • Medical Wearables
  • Advanced Woundcare
7. Medical Engineered Materials Market Regional And Country Analysis
7.1. Global Medical Engineered Materials Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Medical Engineered Materials Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Medical Engineered Materials Market
8.1. Asia-Pacific Medical Engineered Materials Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Medical Engineered Materials Market
9.1. China Medical Engineered Materials Market Overview
9.2. China Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Medical Engineered Materials Market
10.1. India Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Medical Engineered Materials Market
11.1. Japan Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Medical Engineered Materials Market
12.1. Australia Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Medical Engineered Materials Market
13.1. Indonesia Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Medical Engineered Materials Market
14.1. South Korea Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Medical Engineered Materials Market
15.1. Western Europe Medical Engineered Materials Market Overview
15.2. Western Europe Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Medical Engineered Materials Market
16.1. UK Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Medical Engineered Materials Market
17.1. Germany Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Medical Engineered Materials Market
18.1. France Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Medical Engineered Materials Market
19.1. Eastern Europe Medical Engineered Materials Market Overview
19.2. Eastern Europe Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Medical Engineered Materials Market
20.1. Russia Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Medical Engineered Materials Market
21.1. North America Medical Engineered Materials Market Overview
21.2. North America Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Medical Engineered Materials Market
22.1. USA Medical Engineered Materials Market Overview
22.2. USA Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Medical Engineered Materials Market
23.1. South America Medical Engineered Materials Market Overview
23.2. South America Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Medical Engineered Materials Market
24.1. Brazil Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Medical Engineered Materials Market
25.1. Middle East Medical Engineered Materials Market Overview
25.2. Middle East Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Medical Engineered Materials Market
26.1. Africa Medical Engineered Materials Market Overview
26.2. Africa Medical Engineered Materials Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Medical Engineered Materials Market, Segmentation By Application Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Medical Engineered Materials Market Competitive Landscape And Company Profiles
27.1. Medical Engineered Materials Market Competitive Landscape
27.2. Medical Engineered Materials Market Company Profiles
27.2.1. Evonik Industries AG
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Covestro AG
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. BASF SE
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Solvay S.A
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. SABIC
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Medical Engineered Materials Market29. Medical Engineered Materials Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Medical Engineered Materials Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global medical engineered materials market.

This report focuses on medical engineered materials market which is experiencing strong growth. The report gives a guide to the medical engineered materials market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the medical engineered materials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Medical Engineered Materials market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider medical engineered materials market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The medical engineered materials market section of the report gives context. It compares the medical engineered materials market with other segments of the medical engineered materials market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, medical engineered materials indicators comparison.

Scope

Markets Covered:

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

Companies Mentioned: Evonik Industries AG; Covestro AG; BASF SE; Solvay S.A; SABIC

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Evonik Industries AG
  • Covestro AG
  • BASF SE
  • Solvay S.A
  • SABIC
  • Trelleborg AB
  • Koninklijke DSM N.V
  • Celanese Corporation
  • DuPont de Nemours Inc.
  • Ethicon Inc.
  • Henkel AG & Co. KGaA
  • Huntsman Corporation
  • Momentive Performance Materials Inc.
  • Nitto Denko Corporation
  • Recticel

Methodology

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