India Medical Plastics market is projected to grow at a modest CAGR of 5.8% during the forecast period. The major aspect that drives the growth of the market includes the rapidly changing lifestyle, rise in disposable income growing healthcare investments in India, and increased demand for affordable and efficient healthcare systems. Besides, the rising medical tourism in India is also one of the major factors that propel the growth of the India medical plastics market over the forecast period. Further, the rising medical devices industry in the country is also flourishing the growth of the market, as per the Indian Brand Equity Foundation (IBEF), the Indian medical devices industry stood at $11 billion in 2020 and is likely to grow substantially in the upcoming years.
The Indian medical plastic market is segmented on the basis of plastic type and applications. Based on the plastic type, the market is segmented as traditional plastics and engineered plastics. The traditional plastics include Polyvinylchloride (PVC), Polyethylene (PE), Polystyrene (PS), Polypropylene (PP), and Silicone. Whereas, the engineered plastics segment includes Nylon, Polycarbonate (PC), Polyoxymethylene (POM), Acrylonitrile butadiene styrene (ABS), Polymethylmethacrylate (PMMA), Polyphenylene Oxide (PPO), and others. Based on the applications, the market is segmented as disposables, diagnostic instruments, catheters and syringes, implants, dental tools, surgical instruments, medical bags, drug delivery devices, and others.
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India 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 Application
- Disposables
- Diagnostic Instruments
- Catheters and Syringes
- Implants
- Dental Tools
- Surgical Instruments
- Medical Bags
- Drug Delivery Devices
- Others (Sterilization Trays, Wound Care, Anesthetic and Imaging Equipment &Other Medical Devices)
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Company Profiles
- Arkema S.A.
- BASF SE
- Covestro AG
- Dow DuPont Inc.
- Eastman Chemical Co.
- Evonik Industries AG
- Exxon Mobil Corp.
- Mitsubishi Chemical Corp.
- Royal DSM NV
- SABIC
- Saint-Gobain S.A
- Solvay SA
- Trelleborg AB
- Trinseo S.A.
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