The India medical plastics market is anticipated to grow significantly at a CAGR of 5.8% over the forecast period (2021-2027). The key aspect that drives the growth of the India medical plastics industry includes the rising medical tourism in the country. This trend is expected to grow significantly in the near future. Rising awareness, specialized treatment, quality care, and healthcare reforms are the major factors that boost the preference for medical tourism. As per the India Brand Equity Foundation (IBEF), the treatment for major surgeries in India costs nearly 20% of that in developed countries. The country is also attracting medical tourists from emerging nations owing to inadequate advanced medical facilities in many of those countries. Hence, this creates significant scope for the market over the forecast period.
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Besides, the rise in the prevalence of various chronic diseases is also creating a wide scope for market growth. Owing to the rapid surge in chronic disease conditions and growing aging population, there has been an increased investment made by the Indian government, which is further driving the growth of the Indian medical plastics market. Furthermore, the rising demand for disposable medical products is also likely to flourish the market growth 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
· Country Covered- India
· 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
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 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.)
