Medical Polymers | Advent Of Advanced Medical DevicesPosted by Aparna P on September 22nd, 2022  Geriatric population is susceptible to chronic diseases such as osteoporosis, dementia, arthritis, hypertension, heart disease, and diabetes, which require continuous medical attention. At present, approximately 30% of individuals above the age of 65 years require consistent medical care, as reported by the American Geriatrics Society. It also revealed that this number is expected to increase as almost one-fifth of the U.S. population is projected to be above 65 years of age by the year 2030. This scenario is expected to bolster growth of the medical polymers market.
The growth of the medical polymers market is largely dependent on the growth of the pharmaceutical industry. At present, rising awareness and initiatives carried out by several governments around the world for health and well-being characterizes growth trends in the pharmaceutical industry. In particular, developing countries in Asia Pacific, the Middle East and Africa, and Latin America will display demand for pharmaceutical devices in the coming years.
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Key market participants include Evonik Industries, DuPont, Eastman Chemical, Bayer AG, Celanese, Dow Chemical, and Huntsman.
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