Medical Plastics Market Report 2022-2030: Increasing Applications for Medical Devices Drive Growth – | Business Finance


Medical Plastics Market Growth and Trends

According to a new report, the global medical plastics market is expected to reach USD 88.40 billion by 2030, growing at a CAGR of 7.5% between 2022 and 2030. The market is mainly driven by the increasing demand for existing and new medical technologies , the aging of the population and the growth in applications of medical devices. Plastics are increasingly becoming an essential part of medical devices because they offer better biocompatibility, optical clarity and are economical to use.

Plastics show good chemical resistance, have good sterilization capacity and are biocompatible. However, a very selective number of polymers are eligible for use in this segment as medical plastics. There are now multiple regulatory frameworks worldwide that determine which types of plastics are eligible for medical applications after examining the effect of such plastics after coming into contact with bodily fluids, internal and external tissues, etc.

Highlights of the Medical Plastics Market Report:

  • The application of medical components is expected to witness the highest CAGR of 8.5% during the forecast period in terms of revenue. The significant CAGR growth is attributed to increasing home health services and growing health spending.
  • Polyphenylsulfone dominated the product segment, accounting for more than 51.0% of total sales in 2021. This high share is attributed to its properties of high chemical and heat resistance and suitable material for metal replacement in medical applications.
  • North America accounted for more than 33.0% of total sales in the market in 2021. From 2022 to 2030, a growth of 7.8% is expected.

Chapter 1 Methodology and scope

Chapter 2 Summary

Chapter 3 Medical Plastics Market Variables, Trends and Scope

3.1 Market Descent Outlook

3.1.1 Global Plastics Market

3.1.2 Market for medical plastics

3.2 Mapping penetration and growth prospects

3.3 Sectoral value chain analysis

3.3.1 Raw material trends

3.3.2 Production Trends

3.4.1 Production technology

3.5 Main purchasing criteria, per plastic

3.6 Analysis of supplier selection criteria

3.8 Market dynamics for medical plastics

3.8.1 Analysis of market factors

3.8.2 Market Restriction Analysis

3.8.3 Industry Challenges

3.9 Business Environment Analysis: Medical Plastics Market

3.9.1 Sector Analysis – Porter’s Analysis

3.10 Price Trend Analysis, by Resin, 2021 (Usd/Kg)

Chapter 4 Medical Plastics Market: Product Estimates and Trend Analysis

Chapter 5 Medical Plastics Market: Application Estimates and Trend Analysis

Chapter 6 Medical Plastics Market: Regions Estimates and Analysis

  • Rocheling SE & Co. KG
  • Nolato AB
  • Saint-Gobain Performance Plastics
  • Orthoplastics Ltd.
  • Eastman Chemical Company
  • Celanese Corporation
  • Dow Inc
  • Tekni-Plex
  • Solvay SA
  • HMC Polymers Thailand
  • Trelleborg AB
  • Avantor Inc
  • trinseo
  • Evonik Industries AG

Laura Wood, senior press manager

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SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 07/04/2022 06:25 AM/DISC: 07/04/2022 06:26 AM

Copyright Business Wire 2022.

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