Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Outlook, 2024-2030 - A $4.16 Billion Industry Opportunity Dominated by Celanese, DSM Biomedical and Honeywell International

Medical Grade Ultra High Molecular Weight Polyethylene Monomer Market

Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The "Medical Grade Ultra High Molecular Weight Polyethylene Monomer Market Size, Share and Trends Analysis by Application (Knee Replacement, Hip Replacement), and Region 2024-2030" report has been added to ResearchAndMarkets.com's offering.The global medical grade ultra high molecular weight polyethylene monomer market size is expected to reach USD 4.16 billion by 2030, registering a CAGR of 9.5% from 2024 to 2030. The effectiveness of the material in medical implants due to its superior properties such as high impact strength, low reactivity, and good flexibility is expected to drive the demand over the forecast period.

UHMWPE is a material having long chains which enable it to efficiently transfer load, thus making it suitable for implantation applications. The material is extremely pliable and has good impact strength. The material has less weight as compared to metals. All these properties have increased the demand for UHMWPE for medical applications in the recent past, and this trend is expected to continue over the forecast period.Joint replacement surgeries use ultra high molecular weight polyethylene due to its effectiveness and versatility options. There has been a surge in demand for joint replacement surgeries across the globe. Rising geriatric population, changing lifestyle and lack of fitness are the contributing factors for this trend. This trend is expected to benefit the overall demand over next eight years.Major industry participants are trying to develop innovative implantable products which have a longer life, are more comfortable, and give a strong mechanical performance. The market is characterized by few companies occupying a dominant revenue share. Companies are taking steps to increase the product portfolio and production capacity to meet the rising demand.Medical Grade Ultra High Molecular Weight Polyethylene Monomer Market Report Highlights

Knee replacements have accounted for the dominant share of 40.9% in 2023 owing to the increasing prevalence of osteoarthritis and other joint-related conditions.

Total hip replacement surgeries are expected to emerge at the fastest-growing CAGR during the forecast period owing to the escalating prevalence of osteoarthritis and rheumatoid arthritis.

The medical grade ultra high molecular weight polyethylene monomers market in Asia Pacific registered 40.5% as the dominant market share in 2023.

The North America medical grade ultra high molecular weight polyethylene monomers market secured 26% of the market share in 2023 owing to the region's growing investment in the healthcare infrastructure.

The leading players in the Medical Grade Ultra High Molecular Weight Polyethylene Monomer market include:

Celanese Corporation

DSM Biomedical

Honeywell International Inc.

Mitsui Chemicals India Pvt. Ltd.

TEIJIN LIMITED

LyondellBasell Industries Holdings B.V.

Orthoplastics Ltd.

Tianyi Biomedical Tech Pte. Ltd.

Quadrant Engineering Plastic Products (Mitsubishi Chemical Advanced Materials)

Asahi Kasei Corporation

Why should you buy this report?

Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.

Competitive Landscape: Explore the market presence of key players worldwide.

Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.

Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

Market intelligence to enable effective decision-making

Market estimates and forecasts from 2018 to 2030

Growth opportunities and trend analyses

Segment and regional revenue forecasts for market assessment

Competition strategy and market share analysis

Product innovation listing for you to stay ahead of the curve

COVID-19's impact and how to sustain in these fast-evolving markets

Key Attributes

Report Attribute

Details

No. of Pages

100

Forecast Period

2023-2030

Estimated Market Value (USD) in 2023

$2.21 Billion

Forecasted Market Value (USD) by 2030

$4.16 Billion

Compound Annual Growth Rate

9.5%

Regions Covered

Global

Key Topics Covered

Chapter 1. Methodology and Scope1.1. Market Segmentation and Scope1.2. Market Definitions1.3. Research Methodology1.4. Research Scope and Assumptions

Chapter 2. Executive Summary2.1. Market Outlook2.2. Segment Outlook2.3. Competitive Insights

Chapter 3. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Variables, Trends, & Scope3.1. Market Introduction/Lineage Outlook3.2. Market Size and Growth Prospects (USD Million) (Volume in Kilotons)3.3. Market Dynamics3.4. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Analysis Tools

Chapter 4. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market: Application Estimates & Trend Analysis4.1. Segment Dashboard4.2. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market: Application Movement Analysis, USD Million, Volume in Kilotons, 2023 & 20304.3. Total Hip Replacement4.4. Knee Replacement4.5. Shoulder Replacement4.6. Ankle Replacement4.7. Small Joints

Chapter 5. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market: Regional Estimates & Trend Analysis5.1. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Share, by Region, 2023 & 2030, USD Million, Volume in Kilotons5.2. North America5.3. Europe5.4. Asia Pacific5.5. Latin America5.6. Middle East and Africa

Chapter 6. Competitive Landscape6.1. Recent Developments & Impact Analysis by Key Market Participants6.2. Company Categorization6.3. Company Heat Map Analysis6.4. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/iw348c

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Medical Grade Ultra High Molecular Weight Polyethylene Monomer Market