The global medical plastics market is anticipated to grow significantly at a CAGR of 6.5% over the forecast period (2021-2027). The key aspect that drives the growth of the global medical plastics market includes the increased demand for medical devices across the globe. The tremendous growth in the healthcare sector along with the rising healthcare expenditure across the globe are also among some of the key aspects that are anticipated to drive the market growth over the forecast period. The market is also likely to witness substantial growth owing to the high adoption of plastics for implants on account of their chemical inertness and superior fatigue resistance. Besides, with the various R&D of various disposable medical plastics, the market is likely to witness substantial growth over the forecast period.
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Besides, the presence of the key market players such as 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. among others are contributing to the growth of the market. For instance, in October 2019, Evonik introduces a commercial line of bioresorbable PLA-PEG copolymers under the brand name RESOMER PLA-PEG, especially for medical devices. Through this product launch, the company enhances its portfolio for functional biomaterials and thus sustain itself in the competitive market.
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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
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- 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
Global 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.)
