Emerging Opportunities for Polymers in Medical Devices
 

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Emerging Opportunities for Polymers in Medical Devices Presentation Transcript

  • 1. Emerging Opportunities for Polymers in Medical Devices Increasing sophistication and spending on the healthcare industry drives the market. Tridisha Goswami, Research Analyst Chemicals and Materials 04-12-12© 2012 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property ofFrost & Sullivan. No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan.
  • 2. Today’s Presenter Tridisha Goswami, Research Analyst Chemicals and Materials, Frost & SullivanFunctional Expertise:Research and consulting experience in global chemicals and materials industry.Particular expertise in:• Market analysis• Competitive benchmarking• Growth opportunity analysis Industry Expertise Experience base covering a broad range of sectors, leveraging long-standing working relationships with leading industry participants’ Senior Executives • Polymers In Medical Devices/Polymers in Medical Implants • Materials In Sports And Leisure Equipment • Flexible Packaging Industry • Active Pharmaceutical Ingredients • Industrial Hand Hygiene/ Personnel Protective Equipment in Healthcare Industry 2
  • 3. Focus Points• Occasion for Analyst Briefing• Present and Future Trends• External Challenges: Drivers and Restraints in the Industry• Industry Dynamics• Industry Trends• Strategic Recommendations• Conclusion 3
  • 4. Occasion for the Analyst Briefing• Healthcare expenditure for United States in 2010 was nearly $2.600 trillion.• By 2020, even China’s healthcare spending will reach $ 1.000 trillion.• The healthcare industry is one of the largest growing industry. Plastic/polymer manufacturers should look into healthcare as a high growth opportunity. Investments in this application is sure to reap benefits for the companies across the value chain.• Participants will know about : o Key trends in the current industrial scenario o Understand the future of polymers in the medical device industry o Strategic recommendations to gain competitive edge 4
  • 5. Key TrendsCurrent:1. Increasing healthcare spending and degree of sophistication in the medical device industry, makes the use of polymers imperative2. Innovation and customization of materials to fit various applications3. Value addition to materials through enhancement of properties, like anti-microbial coatingsFuture:1. Integration of materials: metals, polymers, ceramics, etc.2. Companies become “one-stop” solution for materials needs, supplying myriad of polymers and also compounding and distributing.3.Sustainability and “green” products and manufacturing process Source: Frost & Sullivan. 5
  • 6. Overview of Medical Devices IndustryThe Global Medical Devices Market is value at $296.81 Billion in 2010 and is growing ataround 6.0 per cent Source: Frost & Sullivan. 6
  • 7. Emerging Markets for Medical Devices IndustryTop Emerging Markets CAGR (2005-2010)China 25.0-30.0 %Russia 20.0-25.0%Brazil 20.0-25.0%India 12.0-15.0%Taiwan 10.0-12.0%Argentina 7.0- 9.0% Source: Frost & Sullivan.7 9833-39
  • 8. Polymers in Medical Devices Industry Key Characteristics that Drive the Adoption of Polymers in MedicalMajor Polymers Used Devices • Polyethylene • Polypropylene • Flexibility • Polyvinyl Chloride • Biocompatibility • Silicone • Lubricity • Styrene • Precision • Thermoplastic Elastomers • Sterilizability • Polycarbonate • Chemical inertness • PEEK, PMMA • Resistance to physical forces • Polyamide • Ability to be modified using • Acrylics additives Source: Frost & Sullivan. 8 9833-39
  • 9. External Challenges: Drivers and Restraints— Polymers in Medical Devices Market
  • 10. Major Challenges (Current and Future)Current:• Tight regulatory framework which increases time and investment required to bring a new product to the market• Increasing cost of raw materials and dependency on volatile petroleum prices• Governmental pressures to control healthcare expendituresFuture• Keeping the pace of innovation going, to provide better performance characteristics of engineered polymers which can be applied to various applications• Advancements in nanotechnologies, and miniaturization of medical devices can be a restraint for the volume growth of polymers used in them. Source: Frost & Sullivan. 10
  • 11. Key Drivers Summary Aging population increases demand forAdvancements medical in medical procedures procedures lead to increased use Home-care treatment gaining Rising incidences increasing focus in health issues due to lifestyle changes Source: Frost & Sullivan. 11
  • 12. Key Restraints Summary Governmental pressures to Disposal and lower recycling healthcare concerns Time and costs Investment required for product development and approval Source: Frost & Sullivan. 12
  • 13. Global Market Scenario
  • 14. Global ScenarioKey Takeaway: Increasing healthcare demands from developing parts of the globe results in higher growth rates in Asia and Latin America. Europe is a considerably large market. Healthcare industry is North America represents the less affected by changes in the biggest market for polymers in economy and continue to grow medical device contributing strongly. 35.0 to 40.0 per cent of the global market. Asia Pacific is the fastest growing market for polymers in medical devices. The increased Fast growing market due to focus and modernization in increasing demand in sophisticated the healthcare industry medical devices and enhanced along with growing medical care. healthcare demands drives the industry. Source: Frost & Sullivan analysis 14
  • 15. Growth Comparison by Region Note: All figures are rounded. The base year is 2011. Source: Frost & Sullivan analysis.15 9833-39
  • 16. Growth Opportunity Matrix Key Takeaway: Engineering polymers have higher growth potential due to their advanced performance properties. Polymers in Medical Device Industry: Opportunity Matrix, Global, 2012 High Polypropylene Thermoplastic Market Size Polyethylen e Elastomers PVC Engineering Polymers (Polycarbonate, PEEK, PMMA) Silicone Low Low High Growth Rate Source: Frost & Sullivan analysis.16 9833-39
  • 17. Market Potential for Polymers Polymer Type Application Potential Growth of Market Polyethylene Syringe plungers, Solution bags, caps, Low High medical tubing and catheters. Polypropylene Drug delivery systems, sutures, implants, Low High syringes, medical pouches Polyvinyl Chloride Medical pouches, Administration sets and Low High Catheters, respiratory equipmentThermoplastic Elastomer Medical tubing, Medical bags and pouches, Low High stoppers for syringes Source: Frost & Sullivan.17 9833-39
  • 18. Market Potential for PolymersPolymer Type Application Potential Growth of Market Silicone Adhesives, lubricants and wound care, catheters and medical tubing, seals, Low masks, valves, clips, etc.Polycarbonate portable diagnostic equipment, Low respiratory therapy devices, in-home dialysis equipment, and diagnostic equipmentPolyether Ether Medical tubing and Implants LowKetone (PEEK), Polymethyl Diagnostic equipment and implants Low Methacrylate (PMMA), Source: Frost & Sullivan. 18 9833-39
  • 19. Growth Opportunity by ApplicationApplication Potential Growth of MarketMedical Tubing Low HighWound Care Low HighMedical Bags and Pouches Low HighImplants Low HighMedical Equipment and Diagnostics Low High Source: Frost & Sullivan.9833-39 19
  • 20. Market Trends
  • 21. Market Trends Market Trends Influencing Polymers in Medical Devices Industry, Global, 2011 Innovation and Customization of Value Addition to Polymers Polymers (Biodegradability, Anti-Microbial) Sophistication of Medical Devices Polymers in Medical Industry Sustainability Devices Integration of Material One-Stop Solution Design and Equipment Design Source: Frost & Sullivan analysis 21
  • 22. Market Trends: ImpactTrend 1–2 Years 3–4 Years 5–7 YearsSophistication of Medical devices Industry H H MInnovation and Customization of Polymers M H HValue Addition to Polymers(Biodegradability, Anti-Microbial) M M HSustainable Edge to Products M H HIntegration of Material Design andEquipment design M M HOne-stop Solution to Material demands M H H Source: Frost & Sullivan.22 9833-39
  • 23. Polymers Replacing Metals?• Miniaturization of medical devices• Homecare medical treatments• Light weight alternatives• Metals: Metallic debris generated by friction• Need for Biodegradability, recyclability and disposable medical devices• Aesthetics• Ability to be engineered and customized• Example: PEEK replacing metals in orthopedic implants market Metals will not become obsolete. The future will see more of material integration, like metallic core and polymer coatings. Source: Frost & Sullivan. 23
  • 24. Strategic Recommendations
  • 25. Strategic Recommendations Innovation and customization: Closely working with OEM’s to optimize material and equipment designs to enhance quality and reduce costs and effective product innovationGeographical Broad Productexpansion or Portfolio to be a Polymerdistribution network to one-stop solution Manufacturersemerging countries for OEM’s material needs. Implementing sustainable manufacturing : Focus on reducing material use, degradability, recyclability and energy efficient production process 25
  • 26. Conclusion• The growth in medical devices industry is expected to continue with double digit growth rates in emerging countries. This provides high growth opportunities for the polymers used in them.• Compared to applications such as automotive and construction, healthcare offers higher profit margins and is less tied to GDP growth.• This presentation covered some key trends, drivers and challenges of the industry.• Frost and Sullivan covers markets for polymers in medical devices applications in detail. Some of the recent studies are as below:o Western European Market for Polymers in Medical Devices (M807-39)o Analysis of the Plastic Polymers in Medical Devices Market (NA67-39) 26
  • 27. Next StepsDevelop Your Visionary and Innovative Skills Growth Partnership Service Share your growth thought leadership and ideas or join our GIL Global Community Join our GIL Community Newsletter Keep abreast of innovative growth opportunities 27
  • 28. Your Feedback is Important to Us What would you like to see from Frost & Sullivan?Growth Forecasts?Competitive Structure?Emerging Trends?Strategic Recommendations?Other? Please inform us by “Rating” this presentation. 28
  • 29. Follow Frost & Sullivan on Facebook, LinkedIn,SlideShare, and Twitter http://www.facebook.com/FrostandSullivan http://www.linkedin.com/companies/4506 http://www.slideshare.net/FrostandSullivan http://twitter.com/frost_sullivan 29
  • 30. For Additional InformationAngie MontoyaGlobal Webinar Marketing Coordinator Tridisha GoswamiIndustry Research Analyst(210)-247-2435 Chemicals, Materials and Foodamontoya@frost.com tridishag@frost.comShomik Majumdar Deepan KannanResearch Manager Industry ManagerChemicals, Materials and Food Chemicals, Materials and FoodShomik.Majumdar@frost.com deepank@frost.com 30