Press release
Medical Plastics Market Size, Top Key Players Analysis, Capital Investment, Industry Outlook, Growth Potential, Opportunities & Trends
Medical Plastics Market Report
Looking forward, IMARC Group expects the medical plastics market to grow at a CAGR of around 7% during 2021-2026.
Medical plastics are single-use polymeric materials formulated by heating and molding temperature-resistant polymers, including polypropylene, polyethylene, and polyvinyl chloride. These plastics are utilized across the healthcare industry in procedural and medical applications on account of their durability, safety, and sterilization properties. Medical plastics are also used in the production of medical equipment and devices, such as surgical tubing, drug delivery and diagnostic instruments.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Trends and Drivers:
The increasing utilization of advanced medical technologies, such as 3D printed implants, and the rising prevalence of chronic diseases and infections are prominently fueling the global medical plastics market growth. It is further supported by the escalating demand for efficient and cost-effective medical equipment.
The increasing consciousness regarding personal hygiene amongst people and healthcare specialists amidst the coronavirus disease (COVID-19) pandemic has escalated the demand for high-quality disposable gloves, which is fueling the market growth.
Moreover, the market is being positively influenced by rising research and development (R&D) activities by leading players to introduce environmentally sustainable materials and equipment across the globe.
Medical Plastics Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
• Arkema SA
• BASF SE
• Celanese Corporation
• Covestro AG
• Dow Inc
• DuPont de Nemours Inc
• Evonik Industries AG
• Exxon Mobil Corporation
• SABIC
• Solvay S.A.
• The Lubrizol Corporation (Berkshire Hathaway Inc.)
• Trinseo S.A.
Medical Plastics Industry Key Players:
The competitive landscape of the global medical plastics market has been studied in the report with the detailed profiles of the key players operating in the market.
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Market Segmentation:
Breakup by Material:
• Polyvinyl Chloride (PVC)
• Polypropylene (PP)
• Engineering Plastics
• Polyethylene (PE)
• Polystyrene (PS)
• Silicones
Breakup by Application:
• Disposables
• Drug Delivery Devices
• Diagnostic Instruments
• Catheters
• Surgical Instruments
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key Highlights of the Report:
• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
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