Medical Plastics Market 2018 To 2023: End-Use Industry Analysis | Worldwide Top Competitors | Röchling Group, Eastman Chemical Company, Dow Chemical, Saint-Gobain Performance Plastics, Solvay, BASF SE, NUSIL

Market Overview:

Medical plastics comprises of large number of macromolecules, which are used to design safe and reliable devices in the industry. It has various significant properties such as excellent flexibility, durability and it is also cost-effective. Furthermore it provide flexibility, strength, and sterility to the product.

The Global Medical Plastics Market has been driven by the scope of its application in various sectors such as disposables, implants, drug delivery devices, syringes, diagnostic instruments, catheters, surgical instruments, and others. Moreover, it is estimated that the disposables segment is set to witness the highest growth in the market due to the growing consumption of medical devices over the forecast period.

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Top Global Players:

Some of the major players functioning in the Global Medical Plastics Market are; Röchling Group (Germany), The Lubrizol Corporation (U.S.), Eastman Chemical Company (U.S.), The Dow Chemical Company (U.S.), Saint-Gobain Performance Plastics (France), Solvay (Belgium), BASF SE (Germany), NUSIL (U.S.), Tekni-Plex (U.S.), and Celanese Corporation (U.S.).

Market Segmentation:

The Global Medical Plastics Market is segregated into type and application.

On the basis of the type, the market is further categorized into polyvinyl chloride, polypropylene, engineering, plastics, polyethylene, polystyrene, and silicones. The polyvinyl chloride is the most widely used type in the market due to its growing consumption in flexible containers, medical sutures, and tubing. Moreover, exceptional chemical stability, inert, and versatility are the major factors behind the popularity of this segment. The polyethylene segment is set to drive the market on account of its extensive consumption in surgical cables and orthopaedic sutures during the assessment period.

On the basis of the application, the market is segmented into disposables, implants, drug delivery devices, syringes, diagnostic instruments, catheters, and surgical instruments. Between these, the disposables is the leading segment in the market and is anticipated to observe a rapid growth due to an increased demand for Medical Devices such as disposable enemas, dialysis disposables, medical and cleaning gloves, and others. Additionally, it is predicted that the extraordinary features offered by the product such as flexibility, transparency and resistance to the electromagnetic waves are set to drive the Medical Plastics Market during the assessment period.

Regional Analysis:

The Medical Plastics Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Among these, North America holds the major share of the market due to the growing demand for lightweight materials in manufacturing of medical devices such as hypodermic needles, disposable enemas, dialysis disposables, and others. Thus, the disposables segment is predicted to witness a rapid growth in the market during the forecast period. Therefore, countries such as the U.S., Canada, and Mexico are the major players in this market.

The Asia Pacific region is growing significantly due to an increased consumption of plastics in packaging, health care aid, medical instruments, and others. It is predicted that the rising awareness and regulations proposed by the government are likely to drive the market during the forecast period. The growing consumption of polyvinyl chloride and polyethylene segments in the medical industry has propelled the countries such as the China, Japan and India to achieve a stunning growth in the market.

List Of Figures:

FIGURE 1. Global Medical Plastics Market Segmentation
FIGURE 2. Forecast Methodology
FIGURE 3. Five Forces Analysis Of Global Medical Plastics Market
FIGURE 4. Value Chain Of Global Medical Plastics Market
FIGURE 5. Share Of Global Medical Plastics Market In 2017, By Country (In %)
FIGURE 6. Global Medical Plastics Market, 2017-2023,
FIGURE 7. Sub Segments Of Type
FIGURE 8. Global Medical Plastics Market Size By Type, 2017
FIGURE 9. Share Of Global Medical Plastics Market By Type, 2017 To 2023
FIGURE 10. Global Medical Plastics Market Size By Application, 2017
FIGURE 11. Share Of Global Medical Plastics Market By Application, 2017 To 2023

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