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Sleep Apnea Device Market worth $ 10 63 Billion, Globally, by 2028 at 10 43% CAGR: Verified Market Research
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Sleep Apnea Device Market worth $ 10 63 Billion, Globally, by 2028 at 10 43% CAGR: Verified Market Research™
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Medical Elastomers Market Size Forecast to Reach $11 2 Billion by 2026
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to
reach a value of USD 27.75 billion by the end of the forecast period in 2028, as per a new market study by Grand View Research, Inc. It is projected
to expand at a CAGR of 8.0% from 2021 to 2028. Growing demand for medical and pharmaceutical packaging, especially flexible packaging for medicines, blood bags, surgical gloves, and medical drapes, has been driving the market growth over the last few years. The growing importance of medical polymers in hip and joint replacement applications, and spinal and cranial implants, is gaining popularity and is expected to significantly impact the market growth.
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The global medical engineered materials market size is projected to reach USD 29.1 billion by 2025 from USD 15.8 billion in 2020, at a CAGR of 13.0%.
This growth is attributed to the increasing healthcare expenses in emerging economies, and rising geriatric population increasing need of advanced medical technologies and devices. Also, innovations for minimally invasive surgical procedures is increasing demand for medical engineered materials globally. Advancements in the designing of medical electronic components is also among the major drivers of the medical engineered materials consumption.
Medical Plastics accounted for the largest share in total medical engineered materials market