Medical Plastic Market Scenario & Industry Analysis 2019-2025| SABIC, BASF, Celanese, Evonik, Solvay, Covestro, Becton & Dickinson, Du Pont, Saint-Gobain Performance Plastics, Cyro Industries, TekniPlex Corporation, Dow Chemical, Bayer, Baxter Internation

In the current years, medical plastics applications have expanded for the usage in plastic disposable delivery devices, and development of artificial limbs, which in turn have reduced the infection risk to patients. It is further used in plastic medical disposables and sterile plastic packaging. In addition, these plastics find application in the production of lenses, contact lenses, and frames to limit weight of the final product and enhance overall safety.

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Shifting focus to enhance health care capabilities is driving the industry growth

Medical plastics possess the ability to cure various diseases. The product is capable of imparting the effect of drug delivery at targeted area and controls release of polymers across critical areas such as brain to efficiently release drugs for Alzheimer's disease, Parkinson's disease, and brain cancer. The cost-effectiveness of medical plastics have further expanded their usage for the production of multiple disposable devices including catheters, inhalation masks, syringes, and other surgical tools. Furthermore, antimicrobial functioning, cost competency and improved safety are some of the key parameters which have positively impacted the industry growth.

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Medical plastics is witnessing upsurge in its usage across packaging industries for layering of several medical devices, equipment, and tools. This in turn enhances safety against the hospital-acquired infections and limits the spread of any health risk to the medical team as well as patients. In the current scenario, medical plastics market have witnessed robust demand from healthcare sector on account of rising demand for containment of diagnostic samples and ability to prevent decontamination.

Medical disposables segment to escalate the growth of medical plastic market

In the coming years, medical disposables segment is anticipated to witness the highest growth rate. Rising versatility of the product has significantly proliferated the industry outlook over the years. Medical disposables is a products which are used for surgical and medical procedural applications. The growth of medical disposables is attributed to the rise in general medical check-up and procedural applications. Moreover, multiple associations including Europe FDA and USFDA have favoured the utilisation of medical disposables, which in turn is augmenting the product demand. Moreover, changing lifestyle, rising incidences of chronic diseases, increasing aging population, and growing demand for better healthcare facilities, are some the factors stimulating the industry landscape.

Asia-Pacific to dominate the regional share

Asia Pacific region is expected to hold major market share across the medical plastics industry. Rising industrialization along with increasing sub urban population in the region is boosting the product demand. In addition, the region holds high growth potential owing to growing demand for improved healthcare system. Asia Pacific comprises of emerging nations including China, India, Thailand, Malaysia, and Vietnam. These economies have shifted focus toward reforming norms across numerous field including advanced materials, IT integration, associated with healthcare industry to improve the efficiency of medical devices. Ongoing reforms related to value-based care across existing systems, effective ecosystem partnership across entire value-chain, rising research & developments, and growing digitalization are anticipated to fuel the industry growth in the coming years.

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Market Segments: Medical Plastics Market

By Type:
Engineering Plastics
HPP
Standard Plastics
Silicone
Others

By Application
Medical Disposables
Prosthetics
Medical Instruments & Tools
Drug Delivery
Others

By Region
North America
US
Canada
Europe
Germany
France
UK
Russia
Asia Pacific
China
India
South Korea
Japan
South-East Asia
Middle East and Africa
Saudi Arabia
South America
Brazil
Key Sources

o Industry Associations
o Patent Websites
o Company Annual Reports
o Company Websites
o Key industry leaders
o Technology consultants
o National Chemical Laboratory (NCL)
o Plastic Industry Association (PLASTICS)
o Plastics Europe, Research and Statistics group (PEMRG)
o Asociaci?n Nacional de Industrias del Pl?stico A.C. (ANIPAC)
o Canadian Plastics Industry Association (CPIA)
o Others

Key Questions Answered

o What are the key growth regions and countries?
o What are the important types and technologies being used?
o What are the market players doing, in terms of research and development?
o Which are the new applications for this market?
o What are the integrations happening?
o What are the recent news, developments, mergers, or large value deals?

Key Stakeholders

o Raw material suppliers
o Part suppliers
o Tier 1 suppliers
o Regulatory Authorities
o Research and Innovation Organizations
o Technocrats
o Suppliers and Distributors
o Other Channel Partners
o Quality Control Organizations
o Environmental Authorities

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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