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The Worldwide Medical Engineered Materials Industry is Expected to Reach $29.1 Billion by 2025 at a CAGR of 13% from 2020

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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 ....

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