Medical Styrenic Block Copolymers (SBC) Market Size & Share 2032

1. Medical Styrenic Block Copolymers Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2032

2. The explosive growth of the global population and their changing lifestyles have considerably increased the prevalence of cardiovascular disorders, lifestyle diseases like diabetes and hypertension, and other chronic ailments in the last few years. According to research by the Center for Disease Control and Prevention, every 6 in 10 adults in the United States have a chronic disease. It is one of the leading causes of death and disability in adults and contributes nearly USD 3.8 Trillion to the nation's annual health care costs. • This alarming growth of the global disease burden has significantly pushed the demand for well-established healthcare infrastructure, which will passively influence the expansion of the medical styrenic block copolymer (SBC) industry in the forthcoming years. • A notable surge in the number of medical interventions and the shifting trends towards remote monitoring over the previous decade have accelerated the use of medical SBCs. These products are deployed in several surgical instruments, blood bags, connector tubes, and portable medical devices. This can be credited to their superior properties like dimensional stability, high abrasion resistance, and better processing timeline than other plastics.

3. It is worth noting that some of the major economies have imposed bans or stringent regulations on the use of PVC, which will help elevate the styrenic block copolymer market outlook in the future. • Mentioned ahead are some prominent factors likely to foster the industry expansion during the projected timeframe. • As per the data by the World Health Organization, nearly 235 million people across the globe suffer from asthma, while over 3 million people die from COPD each year, constituting almost 6% of the total deaths. Out of which, more than 90% of deaths occur in middle or low-income countries. • Data by CDC depicts nearly 5% of adults in the US have been diagnosed with chronic bronchitis, emphysema, or COPD sometime in their life. • Since styrenic polymers are used in respiratory devices, oxygen masks, ventilators, and other specialized medical equipment associated with the treatment, the prevalence of these diseases will propel the industry outlook in the coming years. • Over the years, there has been a substantial rise in the incidences of blood transfusion and diagnostic procedures worldwide. According to the World Health Organization, around 118.4 million blood donations are collected each year worldwide. • These require blood bags that keep the sample properly sterilized, prevent any leakage and disease spread, and eliminate any risk of infection in the premises.

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