Rising adoption of PTFE in implantable prosthetic heart valve rings is expected to stimulate the market demand.
Polytetrafluoroethylene Market Size – USD 406.4 Million in 2020, Growth - CAGR of 3.84%, Trends –The use of PTFE in guided tissue regeneration process is a major factor for the growth in PTFE membrane market.
The global 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.
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Top Companies: Saint Gobain, W.L.Gore Associates Inc, Donaldson Company, Sumitomo Electric, Pall Corporation, Markel, Zeus Inc., Chukoh Chemical Industries Ltd. Donaldson Company
Further Key Finding from the Report Suggestion:
- 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.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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Key Features of Polytetrafluoroethylene (PTFE) Market:
The Polytetrafluoroethylene (PTFE) market is a growing sector within the medical industry, offering a range of benefits for medical devices and equipment. Here are some key features of the medical PTFE market:
- Increasing demand: The demand for medical PTFE is growing due to its unique properties that make it an ideal material for medical applications. Its biocompatibility, low friction, and resistance to high temperatures and chemicals make it a popular choice for medical device manufacturers.
- Versatility: Medical PTFE can be used in a wide range of medical applications, including vascular grafts, catheters, and implantable devices. Its versatility allows for the development of new and innovative medical devices that offer improved patient outcomes.
- Biocompatibility: Medical PTFE is a biocompatible material, which means it is not harmful to living tissue and can be safely implanted in the human body. This property makes it a popular choice for medical device manufacturers.
- Low friction: Medical PTFE has a low coefficient of friction, which makes it an ideal material for medical devices that require smooth movement or sliding, such as catheters or guidewires.
- Chemical resistance: Medical PTFE is highly resistant to chemicals, including acids and bases, which makes it suitable for use in harsh environments such as the human body.
- High temperature resistance: Medical PTFE can withstand high temperatures without melting or degrading, which makes it suitable for use in medical devices that require sterilization.
- Competition: The medical PTFE market is highly competitive, with a large number of players operating in the industry. This competition is leading to the development of new and innovative PTFE-based materials that offer improved properties and performance.
- Regulatory considerations: Medical PTFE is subject to regulatory requirements, including FDA approval, which can impact the development and commercialization of medical devices that use PTFE. Manufacturers must ensure their products meet regulatory requirements to ensure patient safety and compliance with regulations.
The global Polytetrafluoroethylene (PTFE) market is segmented into:
Form Type (Revenue, USD Million; 2020-2028)
- Pastes
- Tubes
- Sheets
- Fabric
Application Type (Revenue, USD Million; 2020-2028)
- Grafts
- Sutures
- Dental
- Pharmaceutical
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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