Medical Plastics market is projected to grow at a modest CAGR of 6.5% during the forecast period. The major aspect that drives the growth of the market includes the increasing demand for the plastics in the medical field, such as, the increased demand for medical plastics in the manufacture of disposable medical products such as bed pans, inhalation masks, and IV tubes among many others. Manufacturing medical devices and components with plastics possess various benefits such as superior flexibility, light-weighted, bio-compatible, and low production cost among many others. Medical plastics are used in areas where metal parts are to be used in medical devices. Key applications of medical plastics include catheters and syringes, dental tools, diagnostic instruments, drug delivery devices, implants, medical bags, and surgical instruments.
The advent of novel, cost-effective, and disposable medical plastics by the key players is one of the major aspects that creates ample opportunities for market growth. As an alternative to conventional raw materials, disposable plastics provide more safety and antimicrobial functioning. Hence, these disposable medical plastics are in the trends and are widely accepted by the market players and acquires huge demand from the healthcare sector owing to decontamination and secured containment of diagnostic samples. Hence, this further drives the growth of the global medical plastics market over the forecast period.
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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 Application
- Disposables
- Diagnostic Instruments
- Catheters and Syringes
- Implants
- Dental Tools
- Surgical Instruments
- Medical Bags
- Drug Delivery Devices
- Others (Sterilization Trays, Wound Care, Anesthetic and Imaging Equipment &Other Medical Devices)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Arkema S.A
- BASF SE
- Celanese Corp.
- Covestro AG
- Dow DuPont Inc.
- Eastman Chemical Co.
- Ensinger GmbH
- Evonik Industries AG
- Exxon Mobil Corp.
- HMC Polymers
- Mitsubishi Chemical Corp.
- Nolato AB
- Orthoplastics Ltd.
- Röchling SE & Co. KG
- Royal DSM NV
- SABIC
- Saint-Gobain S.A
- Solvay SA
- Tekni-Plex, Inc.
- Trelleborg AB
- Trinseo S.A
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