Annual U.S. Demand Growth For Implantable Medical Devices will be pushed by technological advances, next generation devices, and a lack of alternative treatments for many chronic disorders and injuries to 7.7%, with the total market reaching $52  billion in 2015.[2]

Virtually No Weight Powder Polymer material is invented for treating chronic and acute wounds. When exposed to body fluids, the powder transforms into a three-dimensional microporous film that contours to the shapes of wounds. Capillaries form in the microporous film, promoting a high moisture-vapor transpiration rate, which helps manage wound exudates and creates an appropriate moist environment for wound healing. The film’s small pore size enables oxygen transport to the wound bed while preventing bacteria penetration.[1]

Total U.S. Medical Plastics Market, which hit 3.5 billion lb in 2010, will grow to 4.4 billion lb by 2015 expanding at a compound annual growth rate (CAGR) of about 5%.[4]

India’s Medical Devices Market was worth $3 billion in 2011 and grew at roughly 15 per cent annually in that year. It is expected to grow at a 16 per cent compounded annual clip during the 2010-2015 period, far better than the 2-3 per cent growth  expected in this sector in the US and Europe. This has put India among the top three emerging markets for direct investment by large medical device multinational companies.

Nonwoven Disposables are rapidly making inroads into the medical sector, principally driven by growing consumer awareness against spread of infectious diseases. Diseases such as hepatitis and AIDS continue to further fuel demand from hospitals for clean, sanitary and disposable products for safeguarding patients and doctors from such infectious diseases. With hospitals looking at disposables as necessity, rather than luxury, nonwovens industry is witnessing developments in new manufacturing, compound and finishing processes.

Global Market For Plastics in healthcare and diagnostics application sector forecasts to reach at US$34.9 billion, growing at a Compounded Annual Growth Rate (CAGR) of 7.2% during the analysis period 2011-2016.

• Of Total Medical Device Packaging Market, Western Europe, the United States and Japan will continue to account for almost 60 percent.
• World demand for medical device packaging is projected to increase 5.9% annually to $25.7 billion in 2017.
• Fastest expanding markets : India, Mexico, China, and the more prosperous Africa and Middle-East countries[3]