2021 Medical Styrenic Block Copolymer (SBC) Market Growth | Trends Analysis Report 2027

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Medical Styrenic Block Copolymer (SBC) Market to
at over 8 CAGR from 2021 to 2027 Global Market
Insights, Inc.
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Overview of Medical Styrenic Block Copolymer
(SBC) Market

• 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.

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• 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.
• Based on a recent report by Global Market
  Insights Inc., the global medical styrenic block
  copolymer market size may surpass a valuation of
  USD 920 million by 2027.
• 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. 

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• 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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• Government regulations in several economies to
  promote the invariant implementation of
  consistency and standards in the safety and
  quality of blood and blood products will augment
  the SBC industry forecast in the future.
• With a view to providing their customers with a
  broader spectrum of innovative products while
  adding the capability to serve a myriad range of
  end markets, industry players are pouring in
  efforts and are adopting strategies to strengthen
  their market position.
• As part of this, in December 2021, DL Chemical
  Co. Ltd completed the acquisition of Kraton
  Corp.'s 100 stake worth USD 1.6 billion to
  cement its leading role in the global
  petrochemical industry. The deal will expand the
  reach of Kraton Corp.'s product offerings. and
  provide a wide forum for further investment.

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