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PMMA Healthcare Market Size: Demand, Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2024

Author : Rahul Varpe | Published Date : 2019-06-26 

Global Market Insights, Inc. has added a new report on PMMA Healthcare Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

Increasing medical expenditure in BRICS nations should favor polymethyl methacrylate market size growth. It possesses optical clarity & excellent transparency, surface hardness and UV resistance and chemical resistance. PMMA's biocompatibility, reliability, ease of manipulation makes it a preferred choice for dental applications such as cavity fillings.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/693

According to a new research report by Global Market Insights, Inc.  (Polymethyl Methacrylate) PMMA Healthcare Market size is expected to reach USD 235.9 million by 2024.

Medical ware applications accounted for a major chunk in the global PMMA healthcare market in 2015 and may register over 16 kilo tons by 2024. Medical ware products include dentures, incubators, bone cements, intraocular lens. Its increasing use as bone cement due increasing prevalence of osteoporotic fractures may drive PMMA market size growth in medical ware applications.

Key raw materials for MMA production include methanol, ammonia and acetone. Supply bottleneck for this particular monomer owing to political unrest in Gulf region may hamper PMMA market price trend in healthcare applications. Development of biobased PMMA may reduce reliance on product derived from petrochemicals and further may help in overcoming price and fulfill supply demand deficit.

U.S. PMMA Healthcare Market size dominates the global healthcare application space and may generate over USD 80 million by 2024. Stringent FDA norms to minimize the use of conventional polymers/plastics such as polycarbonate & PVC owing to hazardous contents (phthalates) which can be transferred to human may drive PMMA market share in healthcare applications.

Laboratory ware market share is set to grow at 6.2% in revenue terms. Growing global geriatric population base and the consequent rise in IV diagnostics globally may positively influence polymethyl methacrylate market size across healthcare applications.
 
APAC, led by India and China PMMA Healthcare Market size, is poised to grow at 8% CAGR by 2024. Regional government sanctions to aimed at increasing medical device purchasing budgets coupled with introduction of private and multinational healthcare providers may drive domestic growth.
 
Europe PMMA Healthcare Market may register over USD 70 million revenue by 2024. UK, Germany, Italy, Spain and France are major healthcare markets in this region. In most of Europe, especially Western Europe, the healthcare system primarily depends on government funding.
 
Pharmaceutical handling application in APAC is poised to surpass 1.4 kilo tons by 2024. Growing number of cases in chronic diseases and presence of untapped market opportunities in the region may drive industry growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/693

PMMA healthcare grade is available as sheets, beads or pellets. These are made available through numerous distribution chains via direct marketing, supply agreements and third party distribution.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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