In the near future, the expanding usage of biodegradable materials in the production of medical implants is projected to generate attractive market prospects. This is due to increased environmental concerns, as well as rigorous regulatory rules for Medical Polymer used in the medical business. Biodegradable medical implants are also a low-cost and effective alternative to typical medical implant materials. The growing importance of medical elastomers like styrene block copolymer and rubber latex in the healthcare industry is expected to open up new opportunities. Additionally, increased usage of fibers and resins in hip and joint replacements and spinal implants due to their improved biocompatibility and cheaper cost compared to traditional materials is expected to drive growth.
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