The Asia-Pacific medical plastics market is anticipated to grow significantly at a CAGR of 6.4% over the forecast period (2021-2027). China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific are among the major economies contributing to the growth of the Asia-Pacific medical plastics market over the forecast period. A growing number of players are opting for plastics as a substitute for metals, such as aluminum and steel, for the manufacturing of medical devices. The key aspect that drives the growth of the Asia-Pacific medical plastics industry includes the increasing consumption of plastics in various end-user industries including healthcare to curb the need for reducing gross weight and enhances the overall efficiency of any medical device.
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Besides, there is also an increased demand for the proper medical equipment including surgical instruments, disposables, medical bags, drug delivery devices, among others owing to the rising geriatric population in the key economies of the region such as China and Japan. With the increasing population especially the geriatric population, there is also an increased risk for diseases and infections; which further prompts the need for medical devices and other equipment, which is likely to drive the growth of the market over the forecast period.
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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
- Region Covered- Asia-Pacific
- 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
Asia-Pacific 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.)
