Medical plastic is a type of material which is used for the production of medical devices and for primary packaging of pharmaceuticals.Rising Healthcare Expenses with Robust Growth in Medical Industry to Stimulate the Global Medical Plastics market
Global Medical Plastics Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Medical Plastics market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to this research report titled “Global Medical Plastics Market Analysis, 2020”, the Global Medical Plastics market is anticipated to grow at a CAGR of around 7.1% during 2020-25F. Based on material, engineering plastics segment captured the significant market share in the Global Medical Plastic market owing to the growing usage of these plastics in robotic assistance, AI-driven procedures, 3D printing of medical models, implants and prosthetics.
Moreover, the demand for standard plastic is also rising at a significant pace due to the outbreak of COVID-19. This has propelled the demand for standard plastic such as polypropylene (PP) and polyolefin (PE) from medical device manufacturers for the production of critical care systems such as ventilators.
Medical Disposable Segment Registered the Fastest Growth
Based on application, medical disposable segment acquired the majority market share in the global medical plastic market in 2019. The demand for medical plastics is increasing in the medical disposable products such as medical bags, syringes, catheters, masks, etc. due to features such as ease of disposal and advanced sterilization properties.
Moreover, the COVID-19 pandemic has bolstered the use of these medical disposable products such as masks and gloves in procedural applications. The requirement of PPEs and other medical disposables such as syringes, trays, etc., has also amplified at an exponential rate. However, the demand for these products also increased among the general public. Thus, it is anticipated to strongly contribute toward the growth of the Medical Plastics market globally in the near future as stated in the research report “Global Medical Plastics Market Analysis, 2020”.
According to the publisher, the key players with a considerable market share in the Global Medical Plastics market include SABIC, BASF, Eastman, Covestro, Saint-Gobain, Celanese, Tekni-Plex, Solvay, Arkema, Trinseo, DuPont, Lubrizol, Ensinger, GW Plastics, DSM etc. To gain a competitive edge in the market, these firms are launching new products in the market with the help of merger & acquisition, partnership, collaboration, etc.
Moreover, these companies are expanding their product portfolio in the Medical Plastics market so as to capture the majority market share.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Medical Plastics Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Medical Plastics Market?
4. Who are the key competitors or market players and how they perform in Global Medical Plastics Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Medical Plastics Market study?
Table of Contents
1. Introduction
7. Global Medical Plastic Market Outlook, 2015-2025F
8. North America Medical Plastic Market Outlook, 2015-2025F
9. South America Medical Plastic Market Outlook, 2015-2025F
10. Europe Medical Plastic Market Outlook, 2015-2025F
11. Asia Pacific Medical Plastic Market Outlook, 2015-2025F
12. Middle East & Africa Medical Plastic Market Outlook, 2015-2025F
13. Global Medical Plastic Market Dynamics
19. Competition Outlook
Companies Mentioned
- SABIC
- BASF
- Eastman
- Covestro
- Saint-Gobain
- Celanese
- Tekni-Plex
- Solvay
- Arkema
- Trinseo
- DuPont
- Lubrizol
- Ensinger
- GW Plastics
- DSM To gain a competitive edge in the market
- these firms are launching new products in the market with the help of merger & acquisition
- partnership
- collaboration
Methodology
LOADING...