Global Medical Plastic market expected to record a CAGR of ~7% during the forecast period (2017-2028): Ken Research

What Is The Size Of Global Medical Plastic Industry?

Global Medical Plastic market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Medical Plastic Market is largely driven by rising awareness regarding personal hygiene, technological advancement, and high investment by the players in the development of medical plastics.

For more information, request a free sample: https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDk1

The demand for medical plastics has grown as a result of the continually rising human population. Due to the constant rise in plastic production and waste creation caused by these items, environmental pollution levels are rising and the development of the medical plastics industry is being hampered. These are typically non-recyclable materials that receive separate treatments to prevent the spread of infection.

The COVID-19 pandemic has had a positive effect on some medical equipment markets. Polyethylene, polypropylene, and engineering plastics are just a few of the polymers that were highly demanded and are still in demand due to medical uses as well as due to the increased production of medical supplies and equipment during the pandemic, such as thermal scanners, ventilators, respirators, masks, and gloves. Additionally, increasing consumer awareness of good hygiene is promoting product consumption and fosters market expansion after COVID-19.

Global Medical Plastic Market By Product

The Global Medical Plastic market is segmented by product into Polyethylene, Polypropylene, Polycarbonate, Liquid Crystal Polymer and Polyphenylsulfone.

The Polyphenylsulfone product segment held the largest market share in the Global Medical Plastics Market in 2022.

Polyphenylsulfone resists heat and chemicals well, it is preferable for replacing metals in medical applications. The manufacturing of single- and multiple-use surgical instruments is made possible by these plastics' strong flexural strength, impact resistance, and longevity.

Medical devices that must be frequently steam sterilized adopt Polyphenylsulfone because of its resilience to high temperatures. These plastics are increasingly being employed in the production of biopharmaceutical products and surgical robots.

Global Medical Plastic Market By Application

The Global Medical Plastic Market is segmented by Application into Medical Device Packaging, Medical Components, Wound Care, BioPharm Devices, Tooth Implants and Others.

The medical components application segment held the largest share of the Global Medical Plastics Market in 2022 and the demand is anticipated to be driven by the expanding range of applications for polypropylene in the production of diagnostic pans, tools, trays, implant trials, containers, syringes, and medical cover sheets.

Polypropylene is anticipated to experience significant expansion in the application for medical components owing to its high level of microbiological and chemical resistance, low weight, and low price, and can be used in the production of a variety of medical disposables.

Visit this Link Request for custom report: https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MDk1

Key Topics Covered in the Report

Snapshot of the Global Medical Plastics Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Medical Plastics Market
Historic Growth of the Overall Global Medical Plastics Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Medical Plastics Market
Overview, Product Offerings, and SWOT Analysis of Key Competitors
COVID-19 Impact on the Overall Global Medical Plastics Market
Future Market Forecast and Growth Rates of the Total Global Medical Plastics Market and by Segments
Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
Analysis of the Medical Plastics Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Country

Major Players Mentioned in the report

Evonik Industries AG
Solvay S.A.
Dow
Eastman Chemical Company
Röchling Group
DuPont de Nemours Inc.
BASF SE
Celanese Corporation
Mitsubishi Chemical Corporation
Nolato AB
Saint-Gobain Performance Plastics

Notable Emerging Companies Mentioned in the Report

Minnesota Rubber & Plastics
Advantech Plastics, LLC
Industrial Plastic Supply, Inc.
Somerset Plastics Co., Inc.
Total Plastics, Inc.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Medical Machine and Equipment Manufacturers
Plastics Manufacturers
Laboratory Equipment Dealers
Healthcare Products Manufacturers
Medical Device Packaging Manufacturers
Plastics Chemical Manufacturers
Organic Polymers Manufacturers
Implant Packaging Manufacturers
Medical Soft Goods Manufacturers
BioPharm Devices Manufacturers
Government Healthcare Departments
Environmental Protection Regulators
Chemical Products Suppliers

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-medical-plastics-market-outlook-to-2028/

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.