Rising adoption of PTFE in implantable prosthetic heart valve rings is expected to stimulate the market demand.
The global Medical Polytetrafluoroethylene Market is expected to reach USD 546.8 Million by 2028, according to a new report by Reports and Data. There has been an impressive growth of fluoropolymers in the medical industry. Fluoropolymers such as PTFE are replacing plastics, metals, and ceramics used in clinical applications. A clinical report name ‘Biomaterials for periodontal regeneration’ reveals that e-PTFE is being widely used as an alternative to membrane positions made up of calcium sulfate in periodontal operations.
PTFE has witnessed an increased adoption in the medical industry mainly in the dental sector. In dental implants, the PTFE membrane acts as an obstruction and prevents the gums from growing inside the bone cavity. Dense PTFE membranes are used for preparing dental implants in post-extraction bone regeneration. According to the American Society for Prosthodontics, approximately 52 % of the U.S. adults suffer from some form of periodontal disorders, and around 190 million adults by 2025 in the U.S. will be facing a partial tooth loss problem. Increasing incidence of dental injuries is likely to increase the application of PTFE membrane barriers by dental surgeons.
Europe is projected to grow significantly in the forecasted period. The market is expected to grow at a CAGR of 3.4% in the coming years. In the European region, PTFE is being increasingly adopted in the medical sector. The increasing prevalence of periodontics is likely to drive demand for guided tissue regeneration for dental regeneration therapy. Based on 2013 statistics, over 50 percent of the European population suffers from some form of periodontitis, and over 10 percent have severe disease with prevalence increasing to 70-85 percent of the population aged 60-65 years of age.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Saint Gobain, W.L.Gore & Associates Inc, Donaldson Company, Sumitomo Electric, Pall Corporation, Markel, Zeus Inc., Chukoh Chemical Industries Ltd. Donaldson Company
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The Medical Polytetrafluoroethylene (PTFE) market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Form Type (Revenue, USD Million; 2020-2028)
Application Type (Revenue, USD Million; 2020-2028)
Key Regions Analyzed in the Report include:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Furthermore, it consists information about individual segment of the Medical Polytetrafluoroethylene (PTFE) market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- The rise in the occurrence of periodontal diseases is expected to boost the medical PTFE market. Based on a report by the Centers for Disease Control and Prevention, 47.2 of adults aged 30 years and older in the U.S. have some form of periodontal disease. Moreover, the incidence of periodontal disease is higher in men than women (56.4 vs. 38.4 respectively).
- The European market is forecasted to grow at a CAGR of 3.4% in the coming years. According to WHO, about 20% of the middle-aged population and about 40% of the older aged population has severe periodontal disease in Europe. Even though there is a vast population of people suffering from dental problems, it is not acknowledged much in Europe. Additionally, based on a report, the incidence of abdominal aortic aneurysm (AAA) in England and Wales has been increasing. The incidence of an AAA was 7.6 percent in men and 4.2 percent for women in 2013.
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