• Tue. May 28th, 2024

Global Medical Plastics Market 2023 Latest Advancements, Trends and Huge Business Opportunities- SABIC, Celanese Corporation, BASF SE, Evonik


Published July 28, 2023

Common thermoplastic materials used in the manufacturing of medical plastic products include polycarbonate, polypropylene, polyethylene, or the formulation of custom polymers to meet specific medical device applications.
Common thermoplastic materials used in the manufacturing of medical plastic products include polycarbonate, polypropylene, polyethylene, or the formulation of custom polymers to meet specific medical device applications.

Global Medical Plastics Market Research Report 2023 begins with an overview of the Market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Medical Plastics market scenario, and feasibility study are the vital aspects analysed in this report.

The global medical plastics market is expected to grow at 6% CAGR from 2020 to 2029. It is expected to reach above USD 35.54 billion by 2029 from USD 23.32 billion in 2020.

Get a free Sample Copy of this Report: https://exactitudeconsultancy.com/reports/16341/medical-plastics-market/#request-a-sample

Here are some of the main drivers influencing the Medical Plastics market:

  1. Rising demand for medical equipment and devices

The growing geriatric population, greater prevalence of chronic diseases, and increased demand for advanced healthcare services are all driving up demand for medical devices and equipment. Because of their exceptional biocompatibility and moldability, medical plastics are frequently utilised in the fabrication of medical devices such as catheters, IV bags, syringes, and surgical instruments.

  1. Increased use of environmentally friendly packing materials

To reduce plastic waste and promote environmental sustainability, the healthcare industry is moving to sustainable and eco-friendly packaging materials. Medical plastics are a great substitute for traditional packaging materials like as glass and metal. Because they are lightweight, resilient, and simple to sterilise, they are perfect for medical packaging applications.

  1. Technological improvements are propelling growth.

The advancement of modern plastics production processes like as injection moulding, extrusion, and blow moulding has considerably aided the expansion of the Medical Plastics market. These improvements have resulted in the production of Medical Plastics that are both cost-effective and efficient. Furthermore, the development of bio-based and biodegradable plastics is likely to fuel market expansion.

  1. Rising interest in biocompatible materials

The increased emphasis on patient safety and well-being is driving the demand for biocompatible materials. Biocompatible materials that are safe and compatible with human tissues and organs are widely produced using medical plastics. They have a wide range of applications in medical implants, prosthetics, and other medical applications.

Who is Winning?

Global Medical Plastics Market Segmentation by Manufacturers, this report covers, SABIC, Celanese Corporation, BASF SE, Evonik, Covestro AG, Solvay, Röchling, GW Plastics, Nolato AB, and Eastman Chemical Company, and others.

New product launches, mergers, acquisitions, partnerships, and investments in studies and development are key techniques adopted by using Global Medical Plastics companies.

Recent Developments

February 2023, SABIC launched M&M west 2023 new chemically resistant, thin-wall transparent LNP™ CRX copolymer resins that can help improve medical device durability & sustainability.

The Global Medical Plastics Market report also splitting the market by region: United States, Americas, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Middle East and Africa.

The study report offers a complete analysis of Global Medical Plastics Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Global Medical Plastics Market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Global Medical Plastics Market will be able to gain the upper hand as they use the report as a powerful resource.

Key Segments

Medical Plastics Market By Type,  (USD Billion), (Kilotons)

  • Engineering Plastics
  • High Performance Plastics (Hpp)
  • Standard Plastics
  • Silicone
  • Others

Medical Plastics Market By Application, (USD Billion), (Kilotons)

  • Medical Disposables
  • Prosthetics
  • Medical Instruments & Tools
  • Drug Delivery
  • Others

Download Sample Copy with Graphs & List of [email protected] https://exactitudeconsultancy.com/reports/16341/medical-plastics-market/#request-a-sample

Key Reasons to Purchase:

  • To comprehend the outlook and prospects for the market.
  • The definition, applications, and classifications in the report provide an in-depth insight of the market.
  • The study includes the SWOT analysis and business plans of each player in the industry.
  • The provides in-depth analyses of current market trends, trend forecasts, and growth factors.
  • The study offers a thorough analysis of the vendor landscape, a competitive landscape analysis, and significant market strategies.

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