Ocean View, DE -- (SBWIRE) -- 06/25/2020 -- U.S. Healthcare PMMA Market led the industry demand for North America. It was evaluated at more than $48.1 million for 2015. Large aging population in U.S. along with strict FDA (Food and Drug Administration) rules to reduce use of harmful plastics in medical sector is predicted to favorably influence industry expansion.

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Global Healthcare PMMA Market size which was evaluated at more than $116 million in 2015 is projected to register a CAGR of higher than 7.6% till the end of forecast period. Shift in trend towards substituting traditional medical polymers like polycarbonate and polyvinyl chloride with high performing harmless polymers is expected to propel industry demand in medical applications. Increasing spending on global healthcare applications coupled with heavy medical equipment sales will produce more avenues for global industry across healthcare segment.

Growth drivers

1. Emergence of PMMA as an alternative to conventional medical polymers
2. Rising prevalence of osteopenia and osteoporosis
3. Increasing application scope in medical devices

Medical ware was dominant application segment in 2015 and produced more than $52.1 million revenue during that year. Rising occurrence of cataract and myopia owing to rising old age population can promote demand of intraocular lenses fuelling industry demand in medical ware applications.

Pharmaceutical handling segment is projected to record a CAGR of more than 4.1% by 2024 and register maximum growth. Launch of RFID (Radio frequency identification)cabinets in pharmaceutical sector can increase product demand. Rising occurrence of different chronic ailments can favorably influence cabinets demand and propel industry growth in pharmaceutical handling applications.

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Table of Contents (ToC) of the report:

Chapter 3 PMMA Healthcare Industry Insights

3.1 Industry segmentation
3.2 Industry size and forecast, 2013-2024
3.3 Industry ecosystem analysis
3.3.1 Raw material insights
3.3.2 Major MMA and PMMA integrated suppliers
3.3.2.1 Evonik Industries A.G.
3.3.2.2 Lucite International
3.3.2.3 Altuglas International
3.3.2.4 Polyone Corporation
3.3.3 PMMA converters/processors
3.3.3.1 Major PMMA converters in North America
3.3.3.2 RTP Company
3.3.3.3 Ridout Plastics Company
3.3.3.4 Modern Plastics
3.3.3.5 Emco Industrial Plastics, Inc.
3.3.3.6 Everything Plastic
3.3.3.7 Tap Plastics
3.3.3.8 Reynolds Polymer Technology, Inc
3.4 Healthcare PMMA key buying criteria
3.4.1 Quality/grade/application development
3.4.2 Supplier's credibility/brand
Continue..

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Key Healthcare PMMA Market players profiled in report are Evonik Industries, Arkema, Aristech Surfaces, Kydex, Lucite International, Dow Chemical Company, Plaskolite Incorporation and Polyone Corporation.

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