Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The "Medical Grade Ultra High Molecular Weight Polyethylene Monomer Market Size, Share and Trends Analysis by Application (Knee Replacement, Hip Replacement), and Region 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global medical grade ultra high molecular weight polyethylene monomer market size is expected to reach USD 4.16 billion by 2030, registering a CAGR of 9.5% from 2024 to 2030. 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. 
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.
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.
Medical Grade Ultra High Molecular Weight Polyethylene Monomer Market Report Highlights
- Knee replacements have accounted for the dominant share of 40.9% in 2023 owing to the increasing prevalence of osteoarthritis and other joint-related conditions.
- Total hip replacement surgeries are expected to emerge at the fastest-growing CAGR during the forecast period owing to the escalating prevalence of osteoarthritis and rheumatoid arthritis.
- The medical grade ultra high molecular weight polyethylene monomers market in Asia Pacific registered 40.5% as the dominant market share in 2023.
- The North America medical grade ultra high molecular weight polyethylene monomers market secured 26% of the market share in 2023 owing to the region's growing investment in the healthcare infrastructure.
The leading players in the Medical Grade Ultra High Molecular Weight Polyethylene Monomer market include:
- Celanese Corporation
- DSM Biomedical
- Honeywell International Inc.
- Mitsui Chemicals India Pvt. Ltd.
- TEIJIN LIMITED
- LyondellBasell Industries Holdings B.V.
- Orthoplastics Ltd.
- Tianyi Biomedical Tech Pte. Ltd.
- Quadrant Engineering Plastic Products (Mitsubishi Chemical Advanced Materials)
- Asahi Kasei Corporation
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Key Attributes
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $2.21 Billion |
| Forecasted Market Value (USD) by 2030 | $4.16 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
Key Topics Covered
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.4. Research Scope and Assumptions
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million) (Volume in Kilotons)
3.3. Market Dynamics
3.4. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Analysis Tools
Chapter 4. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market: Application Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market: Application Movement Analysis, USD Million, Volume in Kilotons, 2023 & 2030
4.3. Total Hip Replacement
4.4. Knee Replacement
4.5. Shoulder Replacement
4.6. Ankle Replacement
4.7. Small Joints
Chapter 5. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market: Regional Estimates & Trend Analysis
5.1. Medical Grade Ultra High Molecular Weight Polyethylene (UHMWPE) Monomer Market Share, by Region, 2023 & 2030, USD Million, Volume in Kilotons
5.2. North America
5.3. Europe
5.4. Asia Pacific
5.5. Latin America
5.6. Middle East and Africa
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/iw348c
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