Ocean View, Delaware, Aug. 11, 2016 (GLOBE NEWSWIRE) -- (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.
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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.
U.S. PMMA 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.
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.
Browse key industry insights spread across 93 pages with 93 market data tables &19 figures & charts from the report, “(Polymethyl Methacrylate) PMMA Market Size In Healthcare Applications (Medical Ware, Pharmaceutical Handling, Laboratory Ware), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Italy, Russia, China, India, South Korea, Malaysia, Thailand, Indonesia, Australia, Japan, Brazil, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/healthcare-PMMA-market
Key insights from the report include:
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Global Market Insights has segmented the PMMA industry for healthcare on the basis of application and region:
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.