The North American medical plastics market is anticipated to grow significantly at a CAGR of 6.1% over the forecast period (2021-2027). The US and Canada are among the major economies contributing to the growth of the North American medical plastics market over the forecast period. The key aspect that drives the growth of the North American medical plastics industry includes the well-established healthcare industry in the region. Besides, the presence of the major players operating in the market is also a major driving factor for the market growth over the forecast period. 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 are some of the players contributing to the market growth in the region.
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For instance, in March 2021, Lincotek Medical announced to continue the US expansion of its Bartlett plant in the greater Memphis area, for providing the facilities and aid the OEMs meet the rising demand for orthopedic implants globally through new technologies, automation, and workforce training. Further, in March 2021, Cardinal Health has signed a definitive agreement to sell its Cordis business to Hellman & Friedman (H&F) LLC for approximately $1 billion. This strategy adopted by the company is likely to more focus on the development of novel medical devices. Hence, such activities done by the healthcare companies are likely to create scope for the medical device market in the region.
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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- North America
· 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
North America 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.)
