Press release
Medical Plastics Market Is Expected To Reach US$ 27 Billion 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.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7606?PS
Wood has been replaced by engineering plastics in the manufacturing of surgical tool handles.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.
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
โข Winning Strategy
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.
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.
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐๐๐๐ข๐๐๐ฅ ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก
By Type :
Standard Plastics
Engineering Plastics
High Performance Plastics (HPP)
Silicone
Others
By 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
Others
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7606?PS
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).
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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