Global Medical Plastics Market Size, Share, Industry Growth, Price Analysis, Forecast, Report 2021-2026
According to the latest report by IMARC Group, titled “Medical Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global medical plastics market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Medical plastics are single-use polymeric materials formulated by heating and molding temperature-resistant polymers, including polypropylene, polyethylene, and polyvinyl chloride. These plastics are utilized across the healthcare industry in procedural and medical applications on account of their durability, safety, and sterilization properties. Medical plastics are also used in the production of medical equipment and devices, such as surgical tubing, drug delivery and diagnostic instruments.
The increasing utilization of advanced medical technologies, such as 3D printed implants, and the rising prevalence of chronic diseases and infections are prominently fueling the global medical plastics market growth. It is further supported by the escalating demand for efficient and cost-effective medical equipment. The increasing consciousness regarding personal hygiene amongst people and healthcare specialists amidst the coronavirus disease (COVID-19) pandemic has escalated the demand for high-quality disposable gloves, which is fueling the market growth. Moreover, the market is being positively influenced by rising research and development (R&D) activities by leading players to introduce environmentally sustainable materials and equipment across the globe.
Medical Plastics Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global medical plastics market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Arkema SA
- BASF SE
- Celanese Corporation
- Covestro AG
- Dow Inc
- DuPont de Nemours Inc
- Evonik Industries AG
- Exxon Mobil Corporation
- Solvay S.A.
- The Lubrizol Corporation (Berkshire Hathaway Inc.)
- Trinseo S.A.
Key Market Segmentation:
The report has segmented the global medical plastics market on the basis of material, application and region.
Breakup by Material:
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Engineering Plastics
- Polyethylene (PE)
- Polystyrene (PS)
Breakup by Application:
- Drug Delivery Devices
- Diagnostic Instruments
- Surgical Instruments
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/medical-plastics-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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