The UK medical plastics market is anticipated to grow significantly at a CAGR of 5.7% over the forecast period (2021-2027). The key aspect that drives the growth of the UK medical plastics industry includes the well-established healthcare sector, which substantially invests in the medical devices in the country. As per export.gov, in 2018, The UK medical equipment market was valued at around $10.7 billion. Besides the growing healthcare industry, demand for advanced medical devices from the aging population and growing healthcare investments in the country by the government is also likely to substantially support the market growth over the forecast period.
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As per the British Plastics Federation, the UK healthcare industry is strongly driving growth in the UK plastics sector. As of 2020, there were nearly 6,200 firms engaged in the UK plastics industry among which, nearly 5,200 were the manufacturers of plastics products, including healthcare products. There is a wide presence of key market players operating in the country. Players such as BASF SE, Celanese Corp., Dow DuPont Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Royal DSM NV, Saint-Gobain S.A, Solvay SA, and Trinseo S.A. and among others are considerably contributing to the growth of the market by adopting various growth strategies.
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Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- By Plastic Type and Applications
· Country Covered- The UK
· Competitive Landscape- BASF SE, Celanese Corp., Dow DuPont Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Royal DSM NV, SABIC, Saint-Gobain S.A, Solvay SA, and Trinseo S.A and among others
UK Medical Plastics Market – Segmentation
By Plastic Type
Traditional Plastics
· Polyvinylchloride (PVC)
· Polyethylene (PE)
· Polystyrene (PS)
· Polypropylene (PP)
· Silicone
Engineered Plastics
· Nylon
· Polycarbonate (PC)
· Polyoxymethylene (POM)
· Acrylonitrile butadiene styrene (ABS)
· Polymethylmethacrylate (PMMA)
· Polyphenylene Oxide (PPO)
· Others (Polyetheretherketone (PEEK))
By Applications
· Disposables
· Diagnostic Instruments
· Catheters and Syringes
· Implants
· Dental Tools
· Surgical Instruments
· Medical Bags
· Drug Delivery Devices
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
