Transparency Market Research in its new report titled, “Blood Compatible Polymers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” provides key insights on the blood compatible polymers market. The new report anticipates that the increasing biomedical and pharmaceutical end-use industries will drive the blood compatible polymers market during the forecast period i.e, 2017-2025. As per the report, blood compatible polymers have various advantages over the other biomedical devices. They have been used extensively used over the last two decades.
Blood compatible polymers are used in various biomedical and blood contacting devices. They are used for tissue culture, tissue scaffolds, and wildlife vaccination. These polymers are needed for vascular prostheses, neurostimulators, heart pacemakers, heart valves, orthopedic joints, cochlear implants, ophthalmic implants, and many more. Blood compatible polymers are used for dental applications such as composites for teeth and crowning, repair of chipped tooth, replacement of teeth, etc. They are also used for drug delivery. Biodegradable polymers are injected into blood to release cancer fighting drugs.
The TMR report has segregated the blood compatible polymers market based on the type of polymer which are used. Polyvinylchloride, polytetrafluoroethylene, polyethersulfone, polyethylene, polyetheretherketone, polysulfone, and polypropalene are some of the blood compatible polymers. Polyvinylchloride is used in blood bags and blood tubing. Polytetrafluoroethylene has its application in endoscopes, synthetic blood vessels, surgical sutures, tubing, cannulas, catheter linings, etc. Polyethersulfone is used for tubing and catheters. Polyethylene is used for orthopedic sutures and artificial tendons. Polyetheretherketone is used in dentistry products and rigid tubing. Polysulfone is used in surgical and medical devices, clamps, artificial heart components, and heart valves. Polyprolene is used in heart valve devices.
Based on geographical perspective, the blood compatible polymers market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a prominent region of the blood compatible polymers market and is expected to continue leading the market during the forecast period, as per the report. Demand for blood compatible polymers is primarily driven by rising penetration of blood compatible polymers in various applications, such as wound management and cosmetic surgery, and advancements in biotechnology. Further, rising medical expenditure in the region and increasing awareness regarding health and fitness are expected to boost the blood compatible polymers market. Increasing investment in the medical sectors in countries such as India, China, and Indonesia in Asia Pacific and rise in disposable income of the middle class are expected to drive the blood compatible polymers market over the forecast period, according to TMR analyst.
Some of the prominent players in the global blood compatible polymers market are profiled in this report to give a better competitive landscape and these are AdvanSource Biomaterials Corporation, Sanofi S.A. , Baxter International Inc., ASM International, Biomaterial USA LLC., Eastman Chemical Company, Evonik Industries AG, The Dow Chemical Company, Jiangsu Senolo Medical Technology Co., Ltd., and TOPAS Advanced Polymers GmbH.
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