Rising Scope of Application across Medical Waste Management, Enabling Medical Superabsorbent Polymers Sale to Exceed US$ 5.66 Bn by 2031
The latest study by Fact.MR conducted on the medical superabsorbent polymers market offers comprehensive insights into key factors driving growth. It also study the market across various segments in terms of product type, application, technology, and end user. The report offers detailed analysis of the scope for expansion in developed and developing markets through 2032.
Fact.MR, a market research and competitive intelligence provider: Sales in the global medical superabsorbent polymers market are expected to surpass US$ 5.66 Bn by 2032, as per a detailed study published by Fact.MR.
Rising application of medical superabsorbent polymers in wound care dressings for cleaning the injuries, absorbing excess fluids, and wrapping the wound is propelling the demand in the market.
Hence, growing demand for surgical tapes, emergency bandages, medical dressing materials, and others is anticipated to propel the demand in the market. On account of this, the market is estimated to account for 28.4% of the total superabsorbent polymers sales.
Increasing baby births across the globe have resulted in propelling the demand for baby hygiene products. According to Our World in Data, nearly 140 million baby births were reported worldwide. As medical superabsorbent polymers are extensively used in production of child diapers, nappies, and others, growing demand for baby products is expected to spur the sales at 6.8% CAGR over the forecast period 2022-2032.
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In addition, increasing awareness regarding hygiene is propelling the demand for female hygiene and adult incontinence products, which is in turn, facilitating the sales of medical superabsorbent polymers. This is estimated to augment the growth in the market by 1.9X through 2031.
Among the application verticals, the medical waste management segment is projected to account for a significant share in the market between 2022 and 2032. Increasing use to capture and immobilize liquid blood, infectious waste, and other bodily fluids during and post surgeries is augmenting the growth in the segment.
“Key manufacturers are focusing on research and development (R&D) activities for developing bio-based superabsorbent polymers comprising of renewable materials to meet the demand for petrochemical-based polymers alternatives. This is expected to bolster the growth in the market,” says a Fact.MR analyst.
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Key Takeaways from the Medical Superabsorbent Polymers Market Study
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As per Fact.MR, top five companies in the global medical superabsorbent polymers are BASF SE, Evonik Industries, Nippon Shokubai Co. Ltd, LG Chem, and SDP Global Co. Ltd.
Key participants are aiming at adopting strategies such as bio-based product development and production capacity expansion to increase their market share. Besides this, manufacturers are also engaging into agreements, collaborations, merger, and acquisitions to expand their global footprint. For instance,
Some of the key players in the market profiled by Fact.MR are:
More Valuable Insights on Medical Superabsorbent Polymers Market
Fact.MR, in its new report, offers an unbiased analysis of the global medical superabsorbent polymers market, analyzing forecast statistics through 2022 and beyond. The survey reveals growth projections on in medical superabsorbent polymers market with detailed segmentation:
Key Questions Covered in the Medical Superabsorbent Polymers Market Report
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