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(Polymethyl Methacrylate) PMMA Market Analysis

Report ID: GMI693
Published Date: Aug 2016
Report Format: PDF

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Polymethyl Methacrylate Market Analysis

PMMA market size from medical ware applications should register over 15 kilo tons by 2024. Rising cataract and myopia occurrence due to increasing old aged population should encourage intraocular glass demand which would drive PMMA market size in medical ware application.

Rising osteoporotic fractures due to growing geriatric population has improved bone adhesive demand. Polymethyl methacrylate is mainly used as bone adhesive in orthopaedic applications. Also, its use in dentures would accompany PMMA market growth. Rising number of birth rate in China and India along with increasing expenditure in healthcare should drive incubators demand which would boost polymethyl methacrylate market size inn healthcare applications.

PMMA market size from laboratory application is estimated to grow at over 5.5%. Rise in ageing population and increase in diagnostics IV would boost polymethyl methacrylate market size. Technological advancement such as tissue and molecular diagnostics particularly in the U.S. should boost product market.

Polymethyl methacrylate market size form pharmaceutical handling applications should register over USD 30 million by 2024. Newly introduced RFID cabinets should boost product demand. Rising occurrence of numerous chronic diseases might increase pharmaceutical cabinet market demand positively, which can drive polymethyl methacrylate market size in healthcare applications.

APAC, dominated by India and China PMMA market size expects gains at above 10%. China and Japan are involved in technological innovation for manufacturing medical devices which should boosts polymethyl methacrylate market size.

Europe PMMA market size in healthcare applications, led by Germany, UK, France and Italy, was above USD 35 million in 2015. Increasing use of medical devices including desiccators, incubators and implants along growing health hazards concerns should drive Europe polymethyl methacrylate market growth across healthcare domain.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

As per estimates, healthcare PMMA industry would account a crcr of 7.5% through 2024.

As per estimates, healthcare PMMA market would record a revenue share of 235 Million (USD) in 2024.

Increasing inclination toward substituting traditional polymers in healthcare applications and rising medical expenditure will drive the product demand.

PMMA healthcare business will perform exceptionally well in APAC, aided mainly by China and India, both of which are making enormous strides in medical device production.

PMMA healthcare business will register substantial returns from medical ware applications owing to increasing prevalence of myopia and cataract in the expanding geriatric populace.

Laboratory applications will depict increased demand for PMMA given the rising elderly population and surge in n diagnostics IV.