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.
The Global Medical Grade Ultra-High Molecular Weight Polyethylene (UHMWPE) Market is expected to reach USD 1.36 billion by 2024, according to a new report by Grand View Research, Inc.
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.
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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.
Top players of Medical Grade UHMWPE Market:
Major market participants include Honeywell, DSM N.V., LyondellBasell, Celanese Corporation, Quadrant, Braskem, and Asahi Kasei Chemicals Corporation.
Market Segmentation of Medical Grade UHMWPE Market:
The Medical Grade Ultra High Molecular Weight Polyethylene Market segmented on the basis of Application and Region.
By Application:
Total hip replacement
Knee replacement
Shoulder replacement
Ankle replacement
Small Joints
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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