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Global Medical Plastics Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Products made of plastic that are designated for use in the healthcare sector are known as medical plastics. They are immune to corrosion, temperature changes, and chemicals. This enables efficient storage of other medical fluids and makes them simple to sterilize on a regular basis. Polypropylene and polycarbonate are the two most commonly used polymers for medical applications. These materials are used in products like MRI casings and surgical tools.
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Over the forecast period, Asia Pacific is expected to witness lucrative growth. This is attributed to the expanding use of medical plastics in developing nations like South Korea, China, and India. This growth is also largely due to urbanization and industrialization in the area. APAC also has a huge potential for growth as a result of the rising demand for better healthcare. China, India, Malaysia, Indonesia, Vietnam, and Thailand are just a few of the APAC nations with sizable and swiftly expanding economies. Moreover, the medical device industry in Asia Pacific is being driven by evolving reforms concerning value-based care in the current systems, ecosystem partnerships across the various value chains, an increase in R&D, and the digitization of the healthcare system throughout the region.
Some of the key players profiled in the Medical Plastics Market include Arkema SA, BASF SE, Celanese Corporation, Covestro AG, Daicel Corporation, DuPont de Nemours, Inc., Eastman Chemical Company, Ensinger Group, Evonik Industries AG, Exxon Mobil Corporation, Fortune Medical Plastic Products Company, GW Plastics, Lubrizol Corp., Mitsubishi Chemical Corporation, Nolato AB, Orthoplastics Ltd, Röchling SE & Co. KG, SABIC, Saint Gobain SA, Solvay SA, Tekni-Plex, Teknor Apex, The Lubrizol Corporation, Trinseo, Wacker Chemie AG and Westlake Plastics.
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