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The global pharmaceutical polymers / medical polymers market is estimated to be worth USD 20 billion in 2023 and is expected to grow at compounded annual growth rate (CAGR) of 7.3% during the forecast period 2023-2035.

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Polymers represent a versatile class of materials composed of multiple simple chemical units, commonly known as monomers. Polymers are classified as natural and synthetic polymers based on raw materials. Some examples of synthetic polymers include thermoplastic polymers, elastomers, and fibers, whereas naturally occurring polymers include natural rubber, bio-based polymer and wood. It is worth highlighting that polymers are economical, highly durable, resistant to chemicals, possess considerable strength and light-weight in nature.

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