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Medical Plastics Market Surges with Technological Advancements, Top Companies, Emerging Applications, Future of Healthcare
Medical Plastics Market
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The market growth is underpinned by substantial investments in healthcare and increasing disposable incomes. However, challenges related to toxic elements in medical plastics pose a restraint to market growth.
Key Findings:
Regional Dominance: Asia-Pacific led the market in 2019, capturing the highest revenue share and is anticipated to maintain this dominance throughout the forecast period, growing at a CAGR of 6.0%.
Segment Insights:
Application Segment: Disposables accounted for the largest market share in 2019, while surgical instruments are expected to register the fastest CAGR of 7.30% from 2020 to 2027.
Type Segment: Polyvinyl Chloride (PVC) held around one-third of the market share in 2019 and is expected to continue leading, though polypropylene (PP) is forecasted to exhibit the fastest CAGR of 7.6% during the forecast period.
The report segments the global medical plastics market based on type (polyvinyl chloride (PVC), polypropylene (PP), engineering plastics, polyethylene (PE), polystyrene (PS), silicones, and others), application (disposables, drug delivery devices, diagnostic instruments, catheters, surgical instruments, and others), and region (North America, Europe, Asia-Pacific, and LAMEA).
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Key Benefits for Stakeholders:
Comprehensive analysis of major industry participants
Porter's five forces analysis for strategic insights
Mapping of major countries by revenue contribution
Detailed global medical plastics market forecast from 2020 to 2027
Exploration of current trends and future opportunities in the market
Leading Market Players:
• Arkema S.A.
• BASF SE
• Celanese Corporation
• Solvay SA
• Covestro AG
• Sabic
• Evonik Industries AG
• Ensinger
• DSM
• Lubrizol Corporation
Browse Full Summary Of Report: https://www.alliedmarketresearch.com/medical-plastics-market
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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