The global medical plastic market size is expected to reach USD 33.6
billion by 2025, according to a new report by Grand View Research, Inc. Rising
demand for sterilized plastics for use in the medical industry is expected to
emerge as the major factor driving market growth.
The market exhibits an abundance of raw material supply with a large
volume of raw material production across North America, Europe, and Asia
Pacific. The industry is characterized by the consumption of premium quality
high priced products used in the manufacture of healthcare products such as
catheters, surgical instruments, and syringes.
The industry is driven by the global population growth, increasing
access to the consumers towards healthcare services, primarily in the
developing economies, and growing substitution of the metal parts in surgical
components. In addition, development of advanced materials with improved
strength and performance is expected to benefit the market growth
The industry is characterized by extensive regulations enforced
regarding the performance of the products in medical devices. In addition, the
industry is expected to be affected by the rejection of Polyvinyl chloride due
to concerns regarding the effects the product usage on human health.
Price volatility triggered by spike and decline in the price levels of
crude oil is major factor impacting market growth. In addition, increasing
demand for the product in alternate applications is expected to pose a threat
to the growth, though the effect is likely to be subdued by the growing product
adoption over the forecast period.
Full research report on medical plastic market analysis:
http://www.grandviewresearch.com/industry-analysis/medical-plastics-market
http://www.grandviewresearch.com/industry-analysis/medical-plastics-market
Further key findings from the report suggest:
·
The demand for the product in medical
components such as syringes, surgical device components, gloves, and catheter
tubing is likely to drive the segment growth at a CAGR of 6.9% by revenue from
2017 to 2025
·
Polypropylene is expected to emerge as the
fastest growing plastic for medical packaging, registering a CAGR of 9.2% from
2017 to 2025 driven by superior barrier properties and ease of sterilization
·
The industry in Asia Pacific was estimated
to account for 24.5% of the global revenue in 2016 driven by the growth in
consumer healthcare spending coupled with high levels of medical tourism
primarily in China and India
·
The companies in the industry are involved
in the production premium quality plastic composites used for specialized
applications in order to achieve a high degree of product differentiation
·
The industry is witnesses a large number of
investments in research and development for the production of advanced
plastics. The development of premium engineered plastics is expected to drive
the market growth
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has segmented the global medical plastic market by
product, application, and region:
Application Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Medical Device Packaging
o Polyvinyl Chloride
o Polypropylene
o PETG
o HDPE
o Polystyrene
o PEEK
o Others
·
Medical Components
o Polyvinyl Chloride
o Polypropylene
o Polyethylene
o Polycarbonate
o PEEK
o ABS
o Polystyrene
o Engineering Plastics
o Others
·
Orthopedic Implant Packaging
o Polyvinyl Chloride
o ABS
o PETG
o Polycarbonate
o Others
·
Orthopedic Soft Goods
o Polypropylene
o Silicone
o ABS
o Polycarbonate
o PEEK
o Engineering Plastics
·
Wound Care
o Polypropylene
o Thermoplastic Polyurethanes
o Others
·
Cleanroom Supplies
o Polyvinyl Chloride
o Polypropylene
o PETG
o Polycarbonate
o PEEK
o ABS
o Polystyrene
o Engineering Plastics
o Others
·
BioPharma Devices
o Polycarbonate
o Silicone
o Engineering plastic
o Others
·
Mobility Aids
o ABS
o Polycarbonate
o PEEK
o Engineering plastic
·
Sterilization and Infection Prevention
o Polypropylene
o Silicone
o ABS
o Polycarbonate
o PEEK
o Engineering plastic
·
Tooth Implants
o Polycarbonate
o PEEK
o Others
·
Denture Base Material
o PMMA
o Polycarbonate
o Polyamide
o Others
·
Other Implants
o Polypropylene
o Silicone
o Polycarbonate
o PEEK
o Engineering Plastics
·
Others
o Polyvinyl Chloride
o Polypropylene
o Polystyrene
o Silicone
o ABS
o Polycarbonate
o PEEK
o Engineering plastic
Region Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
o Italy
o France
·
Asia Pacific
o China
o India
o Japan
·
Central & South America
o Brazil
·
Middle East & Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-medical-plastics-market
https://www.grandviewresearch.com/press-release/global-medical-plastics-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
