Medical Industry
Rediscovering medical polymers Healthcare needs are becoming more sophisticated. Luckily, R&D in the medical industry has kept pace with advancements to spot new applications for materials, says Angelica Buan in this report.
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rovision for healthcare remains the top priority of individuals as well as nations. The Asia Pacific healthcare spending is projected to reach US$2.2 trillion by 2018 at 10.5% CAGR, as stated by Frost & Sullivan. Globally, per capita spending for healthcare is outpacing per capita income. By 2050, healthcare spending would have accounted for 20-30% of the GDPs of many countries. Industry analysis indicates that the trend is going towards simplified and frugal innovations. Even so, these require ongoing R&D for technologies to simplify healthcare processes and tools, such as the utilisation of polymers to reduce the weight and add on flexibility or a soft-feel coating for accessories, without compromising important features like durability and sterilisability Medical polymers have a healthy growth The market for medical polymers is projected to be valued at US$17.13 billion by 2020, reaching a CAGR of 8.3% from 2014, according to Transparency Market Research. Polymers, categorised as plastic resins/fibres and elastomers, are widely used in implants and devices, diagnostic systems, and hospital accessories. Medical devices and equipment lead in the area of applications, accounting for a share of over 47% of the overall volume in 2013, due to high demand for disposable medical equipment. Rapid growth is also expected in medical packaging, due to increasing demand for lightweight, safe, and easy to transport packaging. Capable of replacing metals or glass as primary material for a wide range of medical products, polymers’ unprecedented growth in this segment may be impeded by safety regulations becoming more stringent. Meanwhile, Nanomarkets in its research says that medical polymer manufacturers are required to follow stringent manufacturing technology processes in all stages of production, including storage. They must also control the quantity, quality, molecular characteristics, and leaching properties of all of the materials used to produce the polymers, as well as ensure biocompatibility and compliance with region-specific regulations. Furthermore, other impediments cited by Transparency Market Research include price fluctuation of raw materials (affected by crude oil prices), which impacts prices of polymers and that could lead to shortages and price increases. Nevertheless, new breakthroughs in polymers for medical applications continue to outweigh the stumbling blocks to its market growth, considering that polymers’ versatility stretches its applications beyond conventional medical devices. Exploring biocompatibility use In medical implants, biocompatibility of polymers is fundamental. A recent innovation on biocompatible polymers will be utilised to render efficiency in medical sensors. Dr Gang Cheng, Assistant Professor of Chemical Engineering at the University of Akron, has embarked on developing a polymer coating for medical sensors implanted in the body. The research has reportedly attracted a five-year grant amounting to US$499,995 from the National Science Foundation in the US. Cheng is studying the structure and function of water-soluble polymers that are safe to be put in the body and that also conduct electricity. The research involves polymer-coated sensors to monitor biomarkers, such as blood sugar, around the clock. The sensor, paired with a drug-delivery system, could trigger doses of medication when needed. The polymer also could be used on pacemakers and other more sophisticated implanted devices that must communicate with the body. The ongoing research is initially focused on constructing polymer-coated sensors to test in the laboratory. Other applications for biocompatible conducting polymers could include biofuel cells, which turn the sugars in the body into energy, and may be viable to replace batteries to power implanted medical devices. MAY 2015
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