The Europe medical plastics market is anticipated to grow significantly at a CAGR of 6.3% over the forecast period (2021-2027). The UK, Germany, France, Italy, Spain, and the Rest of Europe are among the major economies contributing to the growth of the Europe medical plastics market over the forecast period. Among these major economies, Germany, France, and Italy are the key countries of the medical plastics market in Europe. The key aspect that drives the growth of the Europe medical plastics industry includes various government initiatives, low labor costs along with the use of disposable medical products; which is expected to substantially contribute to the market growth over the forecast period.
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Besides, the footprints of the key market players operating in the region is another major aspect that is driving the European medical plastics market over the forecast period. 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 substantially supporting the growth of the European market by adopting various growth strategies. For instance, In October 2019, Evonik Industries AG introduced bioresorbable PLA-PEG copolymers for medical devices under the brand name, RESOMER PLA-PEG. Through this product launch, the company aims to expand its portfolio for functional biomaterials.
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A full Report of Europe Medical Plastics Market is Available at: https://www.omrglobal.com/industry-reports/europe-medical-plastics-market
Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- By Plastic Type and Applications
· Region Covered- Europe
· Competitive Landscape- 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
Europe 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.)
