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20-Feb-2024

Global Medical Plastics Strategic Research Report 2024: Market to Surpass $50 Billion by 2030 - Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Medical Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.



Global Medical Plastics Market to Reach $50.5 Billion by 2030

The global market for Medical Plastics estimated at US$31 Billion in the year 2022, is projected to reach a revised size of US$50.5 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Engineering Plastics, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the High Performance Plastics (hpp) segment is estimated at 7.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 7.8% CAGR

The Medical Plastics market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2030.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Attributes:

Report Attribute Details
No. of Pages 604
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $31 Billion
Forecasted Market Value (USD) by 2030 $50.5 Billion
Compound Annual Growth Rate 6.3%
Regions Covered Global

MARKET OVERVIEW

  • Plastics in Healthcare: Pioneering New Frontiers in Medical Device Evolution
  • Trends Shaping the Medical Devices and Medical Plastics Industries
  • Medical Plastics - A SWOT Analysis
  • Global Economic Update
  • COVID-19 Revives Interest in Plastics for Medical Industry
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 97 Players Worldwide in 2023 (E)
  • Plastics Used in Medical Devices
  • Types of Medical Plastics
  • Recent Market Activity

MARKET TRENDS & DRIVERS

  • Bioplastics in the Medical Sector: A Sustainable Innovation Gaining Interest
  • Growing Applications of Bioresorbable and Biodegradable Polymers
  • Biodegradable Polymers in Nano Drugs: A Growing Market
  • Rise in Importance of 3D Printing in Manufacturing of Medical Devices
  • Multi-Jet Fusion Technology: Revolutionizing Medical 3D Printing
  • PEEK Emerges as a Key Material for 3D Printing Medical Devices
  • Micro-Moulding Medical Plastics, an Essential Manufacturing Technique for Implants and other Medical Devices
  • Silicone Gains Increased Acceptance in Medical Applications
  • Growing Prominence of Silicone in Surgical and Medical Device Bonding Drive Demand in Medical Applications
  • Wearable Medical Devices: A Lucrative End-use Market for Medical Silicone
  • Silicone Elastomers Gain Attractive Penetration in Medical & Healthcare Industry
  • Growing Adoption of Medical Robots Creates Demand for High Strength Plastics
  • Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications
  • Growing Demand for Point of care Diagnostics Drive Gains
  • Plastics Aid Artificial Organs Revolutionize Medical Industry
  • Engineered Resins Continue to Evolve
  • PEEK Polymers Gain Importance in Orthopedic Implants
  • Thermoplastic Elastomers Find Growing Use in Medical Industry
  • Rising Popularity of TPEs for Medical Tubing Applications
  • Antimicrobial Plastics for Medical Devices Gain Prominence
  • Trends in Decorating Techniques Used in Medical Device Manufacture
  • Disposables Widen Demand for Advanced Polymers
  • Medical Device Packaging: A Pivotal Aspect of Modern Healthcare System
  • Sterilization Techniques Play a Vital Role in Selection of Polymers for Medical Applications
  • Sustainable Healing: Pioneering the Recycling Revolution in Medical Plastics
  • Rise in Healthcare Expenditure to Drive Growth
  • Demographic Trends Push the Market Ahead

FOCUS ON SELECT PLAYERS (Total 97 Featured)

  • BASF SE
  • Lanxess AG
  • Eastman Chemical Company
  • Kuraray Co., Ltd.
  • Exxon Mobil Corporation
  • Covestro AG
  • Chi Mei Corporation
  • AdvanSource Biomaterials Corporation
  • Invibio Ltd.
  • Addiplast SA
  • Engineered Polymers (India) Pvt., Ltd.
  • Distrupol Ltd.
  • Elix Polymers SLU
  • Kraton Corporation
  • GW Plastics, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/kq5v44

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Last Updated: 20-Feb-2024