Press release
Medical Plastics Market Is Anticipated To Increase At A CAGR Of 5% by 2026
Numerous macromolecules are used in the production of medical plastics. In the healthcare sector, these plastics are used to create reliable and secure devices and equipment. They are remarkably affordable, flexible, and long-lasting. Key drivers for market growth are the efficacy, sterility, and quality of these medical devices. Medical plastics are used in a wide variety of products, including catheters, disposables, syringes, implants, and drug delivery systems.
Wood has been replaced by engineering plastics in the manufacturing of surgical tool handles. These plastics can be used as a handle for surgical tools in place of wood or any other metal because they are non-hygroscopic materials.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:https://www.factmr.com/connectus/sample?flag=S&rep_id=7606?PJ
The simplicity of cleaning plastics is another benefit. It can also be shaped according to specific and accurate dimensions. Plastics can be utilized for surgical tool handles because of their strong impact resistance and heat stability. Additionally, this material requires minimal upkeep and less regular sterilization.
Engineering plastics such asโฏPOM are replacing metal and wood in manufacturing because of their low cost, improved performance, non-hygroscopicity, and good machinability.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โข Worldwide sales of medical plastics are expected to increase at a CAGR of 5% from 2020 to 2026.
โข The engineering plastics segment is expected to expand at a CAGR of 6% through 2026.
โข North America & Asia Pacific will be lucrative regional markets for medical plastic manufacturers.
โข Key market players are focusing on technological advancements to develop improved products
๐๐ข๐ง๐ง๐ข๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ
The medical plastics business is highly competitive, with a handful of firms holding a lion's share of the market. A majority of businesses are investing heavily in research and development, especially to produce high-quality medical plastics.
Key suppliers of medical plastics utilize mergers and acquisitions as well as product portfolio expansion as primary business strategies.
โข A highly innovative bio-circular medical polymer for the production of surgical instruments and plastics for medical devices was unveiled by Arkema on November 17, 2021.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:https://www.factmr.com/connectus/sample?flag=RC&rep_id=7606?PJ
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐๐๐๐ข๐๐๐ฅ ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก
โข By Type :
โข Standard Plastics
โข Engineering Plastics
โข High Performance Plastics (HPP)
โข Silicone
โข Others
โข By Application :
โข Medical Device Packaging
โข Medical Components
โข Orthopedic Implant Packaging
โข Orthopedic Soft Goods
โข Wound Care
โข Cleanroom Supplies
โข BioPharm Devices
โข Mobility Aids
โข Sterilization & Infection Prevention
โข Tooth Implants
โข Denture Base Materials
โข Others
โข By Region :
โข North America
โข Latin America
โข Europe
โข East Asia
โข South Asia & Oceania
โข MEA
๐๐จ๐ซ๐ ๐๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ง ๐๐๐๐๐ซ
Fact.MR, in its new offering, presents an unbiased analysis of the global medical plastics market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2026.
The study divulges essential insights on the market on the basis of type (standard plastics, engineering plastics, high performance plastics (HPP), silicone, and others), and application (medical device packaging, medical components, orthopedic implant packaging, orthopedic soft goods, wound care, cleanroom supplies, BioPharm devices, mobility aids, sterilization & infection prevention, tooth implants, denture base materials, and others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
๐๐๐ญ ๐๐จ๐ซ๐ ๐๐ง๐๐จ : https://www.factmr.com/report/medical-plastics-market
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