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Wood has been replaced by engineering plastics in the manufacturing of surgical tool handles.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).
Contact:
Us Sales Office :
11140 Rockville Pike
Suite 400
Rockville, Md 20852
United States
Tel: +1 (628) 251-1583
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical Plastics Market Is Expected To Reach US$ 27 Billion By 2026 here
News-ID: 3171407 • Views: โฆ
More Releases from Fact.MR
Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
The latest report on the Bioinformatics Market, projecting robust growth driven by the increasing demand for genomic research, advancements in artificial intelligence (AI), and the rising adoption of precision medicine. Valued at USD 14.29 billion in 2024, the global market is forecast to expand at a compound annual growth rate (CAGR) of 13.4%, reaching USD 50.25 billion by 2034. This significant growth underscores the critical role of bioinformatics in decodingโฆ
Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Ke โฆ
Fact.MR today released its latest report on the Residential Robotic Vacuum Cleaner Market, projecting robust growth driven by increasing demand for automation, busy lifestyles, and advancements in smart home technologies. Valued at USD 3.0 billion in 2023, the global market is forecast to expand at a compound annual growth rate (CAGR) of 14.4%, reaching USD 11.6 billion by 2033. This significant growth highlights the rising adoption of robotic vacuum cleanersโฆ
Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
The global brain-computer interface (BCI) market was valued at USD 1.6 billion in 2022 and is projected to reach USD 6.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2033. This expansion reflects the increasing adoption of BCI technologies in medical applications, driven by advancements in neuroscience, AI, and sensor technologies. BCIs enable direct communication between the brain and external devices, offeringโฆ
Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2 โฆ
The global orally disintegrating tablet (ODT) market is valued at USD 24.45 billion in 2024 and is forecasted to expand at a compound annual growth rate (CAGR) of 11.5%, reaching USD 72.68 billion by 2034. This robust growth is driven by the increasing demand for patient-friendly dosage forms, particularly among the elderly, pediatric, and dysphagic populations, who benefit from ODTs' ease of administration without water and rapid dissolution. ODTs enhanceโฆ
More Releases for Plastics
Aircraft Plastics Market 2023 | Futuristic Trends- SABIC, Victrex, Drake Plastic โฆ
The Aircraft Plastics research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Aircraft Plastics research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7681883โฆ
Microcellular Plastics Proving More Beneficial than Conventional Plastics
The microcellular plastics market will reach USD 21,233.5 million by 2030, powering at a rate of 8.9% in the years to come, as stated by P&S Intelligence.
This has a lot to do with the growing preference for high-performance materials, and the increasing requirement from healthcare, packaging transportation, and electronics industries, as a result of their boosted and better properties as opposed to conventional materials.
Explore more about this report@ https://www.psmarketresearch.com/market-analysis/microcellular-plastic-market
PVCโฆ
Semiconductor Plastics Market Emerging Trends : Ensinger Inc., A&C Plastics, Inc โฆ
The newest market research study on Semiconductor Plastics Market 2023 now available at MarketsandResearch.biz shows concise facts about the industry size and revenue estimation of the business. The report includes a market overview, classification, industry value. It also covers types, enterprises, and applications. In the beginning, the report reveals comprehensive research upgrades and data linked to opportunities in the global Semiconductor Plastics market. The report helps in getting answers toโฆ
Plastics Extrusion Market to Possess a Surprising Revenue Growth of $7,930.4 mil โฆ
The global Plastics Extrusion Market size was valued at $6,303.0 million in 2022 and is projected to reach $7,930.4 million by 2030, registering a CAGR of +4% from 2023 to 2030.
The demand for plastic extrusion machines is soaring, as there is a growing need for extruded plastic products from several end-use segments, such as packaging, consumer goods, construction, and automotive. This primarily boosts the growth of the global plastic extrusionโฆ
Aerospace Plastics Market Demand and Technology Growth 2026 | 3P-Performance Pla โฆ
Allied Market Research published a report, titled, "Aerospace Plastics Market by Material Type (Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others), Type of Aircraft (Commercial, Military, Rotorcraft, and Space), and Application (Cabin Interior, Windows & Windshield, Airframe, and Propulsion System): Global Opportunity Analysis and Industry Forecast, 2019โ2026." According to the report, the global aerospace plastics industry garnered $744 millionโฆ
What's Driving the Aerospace Plastics Market Trends? SABIC, Solvay, Superior Pla โฆ
Asia Pacific will account for a substantial proportion of aerospace plastics market share in the years to come. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth. Europe aerospace plastics industry on the other hand, is also predicted to record a considerable growth rate over the coming timeframe, aided by France, Germany, and UK.
Increasingโฆ
