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PMMA Healthcare Market, Will Witness Tremendous Growth Over the Forecast Timeframe

Author : Rahul Varpe | Published Date : 2019-07-02 

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

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

Medical polymers have steadily gained penetration in healthcare applications over the past few years owing to shift in trend towards replacing metals. Technology innovation and change in perception towards adoption of high performance polymers has helped to drive PMMA market size growth in healthcare space.

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.

(Polymethyl methacrylate) PMMA market size in healthcare applications may register over 35 kilo tons by 2024.

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 industry 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.

MEA, led by South Africa may grow significantly by 2024. Increasing healthcare expenditure coupled with rise in medical devices industry may have a positive influence in healthcare industry and stimulate PMMA market demand.

Global PMMA Healthcare Market share in healthcare industry is competitive. Notable industry participants include Lucite International, Evonik Industries, Polyone Corp and Arkema.

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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