Global Medical Plastics Market is expected to grow at a CAGR of 7% during the forecast period and is expected to reach US$ 50.69 Bn by 2029. The plastic materials sector are playing a key role in the design of medical devices. With their features like lightweight, low cost, ease of processing, flexibility, high biocompatibility, and non-ferrous properties, medical plastic materials are becoming an integral component in an extensive range of medical designs.To know about the Research Methodology :- Request Free Sample Report The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Medical Plastics Market Dynamics:
An aging population across the many regions is one of the key drivers in the global medical plastics market growth. The plastics materials are becoming the primary choice for many medical instruments and hygienic tools like examination gloves, sterile bandages, and gauze, syringes, which helps to prevent the infection against contamination. A shift to devices, which containing more plastics is pressuring on care providers to decrease the cost of instrumentation. It helps to push toward high volumes of the medical plastic material and wide usage of the plastic mass-production techniques. Additionally, the technological development in the healthcare sector, favourable reimbursement conditions, and the rapid expansion of the medical device industry’s across the globe are some of the driving factors behind the growth of the market. On the other hand, the time-consuming governing approval process is expected to limit the growth in the global medical plastics market. Furthermore, some of the regulations to navigate and continuously changing consumer demands are creating medical molding a difficult or key challenge to the growth.Global Medical Plastics Market Segment Insight:
The engineering plastics segment is expected to contribute US $ xx Mn share in the global medical plastics market. It provides many benefits over standard plastics like good malleability, rapid production time, low weight, superior resistance to high impact, shock, and chemicals, and enhanced friction reduction. Additionally, an increase in the adoption of some of the innovative technologies like robotic assistance, AI-driven procedures, 3D printing of implants and prosthetics are increasing the demand for engineering plastics. Injection molding is contributing the lion’s share in the medical plastics market, where precision parts are molded for usage in products like syringes, catheters, surgical instruments. Injection molding is used to manufacture number of identical parts with complex geometries. For this reason, plastics have substituted to the metal in an array of applications for the reduction of the high cost of metal fabrication.Regional Opportunities in the Global Medical Plastics Market:
Medical care and medical devices are essential for a human issue. North America region is estimated to hold the dominant position in the global medical plastics market. There are nearly more than 6,500 medical device companies present in the North America. The presence of the number of medical device companies in the states California, Florida, New York, Pennsylvania, Michigan, and Georgia is contributing significant growth in the market. The existence of robust hospital infrastructure is expected to boost the growth in the market. On the other hand, the Asia Pacific region is projected to contribute the US$ xx Mn share in the global medical plastics market. The medical devices industry is opening up to 100 percent foreign direct investment in the developing country India is expected to drive the market growth. Many medical device key players are progressively interested in tapping the potential of the market in developing countries.Global Medical Plastics Market Competitive Landscape:
Medical plastic key players are introducing innovative products and developing new trends to share steady growth in medical end-use applications. Designers are also focused on substituting metal parts with plastic, predominantly in applications where the cost of manufacturing metal parts is expensive over injection molded pieces. The medical device manufacturers are turning to use polymer components to drive down costs and increase product safety.Global Medical Plastics Market Research Scope:
The objective of the report is to present a comprehensive analysis of Global Medical Plastics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Medical Plastics Market dynamics, structure by analysing the market segments and project the size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Medical Plastics Market make the report investor’s guide.The Scope of the Report for Global Medical Plastics Market:Inquire before buying
Global Medical Plastics Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 31.56 Bn. Forecast Period 2023 to 2029 CAGR: 7% Market Size in 2029: US $ 50.69 Bn. Segments Covered: by Type Engineering plastics High performance plastics (HPP) Standard plastics Silicone Others (TPE, TPU, Biodegradable Polymers, Synthetic Rubber, and Polymer Blends) by Application Medical Disposables Prosthetics Medical Instruments & Tools Drug Delivery Others Global Medical Plastics Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Medical Plastics Market, Key Players are
1. Nypro Inc. 2. Phillips-Medisize Corp. 3. Plastikos Inc 4. Sonoco Plastics 5. Tech Group Inc. 6. Trelleborg Sealing Solutions 7. Placon Corp 8. Plastic Ingenuity Inc. 9. Tekni-Plex Inc. 10. SABIC 11. Proxy Biomedical Ltd. 12. Eastman Chemical Company 13. Celanese Corporation 14. Solvay S.A 15. Wilbert Plastic Services Inc. 16. Alpha Packaging Inc. 17. AptarGroup Inc. 18. Berry Plastics Corp. 19. GW Plastics Inc. 20. Mack Group Inc 21. MedPlast Inc. 22. Pexco Llc 23. Plastiflex Co. Inc. 24. Saint-Gobain Performance Plastics 25. Teel Plastics Inc. Frequently Asked Questions: 1. Which region has the largest share in Global Medical Plastics Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Medical Plastics Market? Ans: The Global Medical Plastics Market is growing at a CAGR of 7% during forecasting period 2023-2029. 3. What is scope of the Global Medical Plastics Market report? Ans: Global Medical Plastics Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Medical Plastics Market? Ans: The important key players in the Global Medical Plastics Market are – Nypro Inc., Phillips-Medisize Corp., Plastikos Inc, Sonoco Plastics, Tech Group Inc., Trelleborg Sealing Solutions, Placon Corp, Plastic Ingenuity Inc., Tekni-Plex Inc., SABIC, Proxy Biomedical Ltd., Eastman Chemical Company, Celanese Corporation, Solvay S.A, Wilbert Plastic Services Inc., Alpha Packaging Inc., AptarGroup Inc., Berry Plastics Corp., GW Plastics Inc., Mack Group Inc, MedPlast Inc., Pexco Llc, Plastiflex Co. Inc., Saint-Gobain Performance Plastics, Teel Plastics Inc. 5. What is the study period of this Market? Ans: The Global Medical Plastics Market is studied from 2022 to 2029.
1. Medical Plastics Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Medical Plastics Market: Dynamics 2.1. Medical Plastics Market Trends by Region 2.1.1. North America Medical Plastics Market Trends 2.1.2. Europe Medical Plastics Market Trends 2.1.3. Asia Pacific Medical Plastics Market Trends 2.1.4. Middle East and Africa Medical Plastics Market Trends 2.1.5. South America Medical Plastics Market Trends 2.2. Medical Plastics Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Medical Plastics Market Drivers 2.2.1.2. North America Medical Plastics Market Restraints 2.2.1.3. North America Medical Plastics Market Opportunities 2.2.1.4. North America Medical Plastics Market Challenges 2.2.2. Europe 2.2.2.1. Europe Medical Plastics Market Drivers 2.2.2.2. Europe Medical Plastics Market Restraints 2.2.2.3. Europe Medical Plastics Market Opportunities 2.2.2.4. Europe Medical Plastics Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Medical Plastics Market Drivers 2.2.3.2. Asia Pacific Medical Plastics Market Restraints 2.2.3.3. Asia Pacific Medical Plastics Market Opportunities 2.2.3.4. Asia Pacific Medical Plastics Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Medical Plastics Market Drivers 2.2.4.2. Middle East and Africa Medical Plastics Market Restraints 2.2.4.3. Middle East and Africa Medical Plastics Market Opportunities 2.2.4.4. Middle East and Africa Medical Plastics Market Challenges 2.2.5. South America 2.2.5.1. South America Medical Plastics Market Drivers 2.2.5.2. South America Medical Plastics Market Restraints 2.2.5.3. South America Medical Plastics Market Opportunities 2.2.5.4. South America Medical Plastics Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Medical Plastics Industry 2.8. Analysis of Government Schemes and Initiatives For Medical Plastics Industry 2.9. Medical Plastics Market Trade Analysis 2.10. The Global Pandemic Impact on Medical Plastics Market 3. Medical Plastics Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Medical Plastics Market Size and Forecast, by Type (2022-2029) 3.1.1. Engineering plastics 3.1.2. High performance plastics (HPP) 3.1.3. Standard plastics 3.1.4. Silicone 3.1.5. Others (TPE, TPU, Biodegradable Polymers, Synthetic Rubber, and Polymer Blends) 3.2. Medical Plastics Market Size and Forecast, by Application (2022-2029) 3.2.1. Medical Disposables 3.2.2. Prosthetics 3.2.3. Medical Instruments & Tools 3.2.4. Drug Delivery 3.2.5. Others 3.3. Medical Plastics Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Medical Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Medical Plastics Market Size and Forecast, by Type (2022-2029) 4.1.1. Engineering plastics 4.1.2. High performance plastics (HPP) 4.1.3. Standard plastics 4.1.4. Silicone 4.1.5. Others (TPE, TPU, Biodegradable Polymers, Synthetic Rubber, and Polymer Blends) 4.2. North America Medical Plastics Market Size and Forecast, by Application (2022-2029) 4.2.1. Medical Disposables 4.2.2. Prosthetics 4.2.3. Medical Instruments & Tools 4.2.4. Drug Delivery 4.2.5. Others 4.3. North America Medical Plastics Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Medical Plastics Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Engineering plastics 4.3.1.1.2. High performance plastics (HPP) 4.3.1.1.3. Standard plastics 4.3.1.1.4. Silicone 4.3.1.1.5. Others (TPE, TPU, Biodegradable Polymers, Synthetic Rubber, and Polymer Blends) 4.3.1.2. United States Medical Plastics Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Medical Disposables 4.3.1.2.2. Prosthetics 4.3.1.2.3. Medical Instruments & Tools 4.3.1.2.4. Drug Delivery 4.3.1.2.5. Others 4.3.2. Canada 4.3.2.1. Canada Medical Plastics Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Engineering plastics 4.3.2.1.2. High performance plastics (HPP) 4.3.2.1.3. Standard plastics 4.3.2.1.4. Silicone 4.3.2.1.5. Others (TPE, TPU, Biodegradable Polymers, Synthetic Rubber, and Polymer Blends) 4.3.2.2. Canada Medical Plastics Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Medical Disposables 4.3.2.2.2. Prosthetics 4.3.2.2.3. Medical Instruments & Tools 4.3.2.2.4. Drug Delivery 4.3.2.2.5. Others 4.3.3. Mexico 4.3.3.1. Mexico Medical Plastics Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Engineering plastics 4.3.3.1.2. High performance plastics (HPP) 4.3.3.1.3. Standard plastics 4.3.3.1.4. Silicone 4.3.3.1.5. Others (TPE, TPU, Biodegradable Polymers, Synthetic Rubber, and Polymer Blends) 4.3.3.2. Mexico Medical Plastics Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Medical Disposables 4.3.3.2.2. Prosthetics 4.3.3.2.3. Medical Instruments & Tools 4.3.3.2.4. Drug Delivery 4.3.3.2.5. Others 5. Europe Medical Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.2. Europe Medical Plastics Market Size and Forecast, by Application (2022-2029) 5.3. Europe Medical Plastics Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Medical Plastics Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Medical Plastics Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Medical Plastics Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Medical Plastics Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Medical Plastics Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Medical Plastics Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Medical Plastics Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Medical Plastics Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Medical Plastics Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Medical Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Medical Plastics Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Medical Plastics Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Medical Plastics Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Medical Plastics Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Medical Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Medical Plastics Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Medical Plastics Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Medical Plastics Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Medical Plastics Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Medical Plastics Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Medical Plastics Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Medical Plastics Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Medical Plastics Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Medical Plastics Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Medical Plastics Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Medical Plastics Market Size and Forecast, by Application (2022-2029) 8. South America Medical Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Medical Plastics Market Size and Forecast, by Type (2022-2029) 8.2. South America Medical Plastics Market Size and Forecast, by Application (2022-2029) 8.3. South America Medical Plastics Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Medical Plastics Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Medical Plastics Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Medical Plastics Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Medical Plastics Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Medical Plastics Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Medical Plastics Market Size and Forecast, by Application (2022-2029) 9. Global Medical Plastics Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Medical Plastics Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Nypro Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Phillips-Medisize Corp. 10.3. Plastikos Inc 10.4. Sonoco Plastics 10.5. Tech Group Inc. 10.6. Trelleborg Sealing Solutions 10.7. Placon Corp 10.8. Plastic Ingenuity Inc. 10.9. Tekni-Plex Inc. 10.10. SABIC 10.11. Proxy Biomedical Ltd. 10.12. Eastman Chemical Company 10.13. Celanese Corporation 10.14. Solvay S.A 10.15. Wilbert Plastic Services Inc. 10.16. Alpha Packaging Inc. 10.17. AptarGroup Inc. 10.18. Berry Plastics Corp. 10.19. GW Plastics Inc. 10.20. Mack Group Inc 10.21. MedPlast Inc. 10.22. Pexco Llc 10.23. Plastiflex Co. Inc. 10.24. Saint-Gobain Performance Plastics 10.25. Teel Plastics Inc. 11. Key Findings 12. Industry Recommendations 13. Medical Plastics Market: Research Methodology 14. Terms and Glossary