NEW YORK, Dec. 26, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Analysis of the Asia-Pacific Market for Plastics in Medical Devices
Commodity Plastics Will Continue to Dominate
The research service on Asia-Pacific market for plastics in medical devices analyses the PVC, polyethylene, polypropylene, silicone, polystyrene, thermoplastic elastomers, and engineering and high-performance polymers. The research service covers the SEA and ANZ regions. It provides the revenue and unit shipment forecast from 2009 to 2017 and also presents the country snapshot of each market specifically. Moreover, application and regional breakdowns have also been provided. The competitive structure and the factors that drive and restrain the market have also been provided.
•The Asia-Pacific (APAC) market for medical devices is in a growth stage and holds enormous opportunities for material suppliers. Currently, the volume of plastics here consumed is low when compared to other regions. However, improving regulations and increasing investments in medical technology will drive the consumption of medical device plastics within the APAC region.
•The total market for plastics in medical devices in the APAC region was estimated at $X million in 2012. The market is likely to grow at a CAGR of X% from 2012 to 2017.
•Commodity thermoplastics such as polyvinyl chloride (PVC), polyethylene (PE), polystyrene (PS), and polypropylene (PP) are the most commonly used plastics in medical devices. These plastics dominate the market, followed by silicones, thermoplastic elastomers (TPEs), and engineering plastics and high-performance polymers.
•PP, PE, and engineering plastics and high-performance polymers (HPP) are expected to experience higher demand during the forecast period compared to that of other polymers. The growing demand for polyolefins is driven by the demand for alternatives to PVC as well as by the growth of end applications.
•Medical device manufacturers are increasingly substituting conventional materials such as metal and glass with plastics because of their superior flexibility and fabrication process.
•Compared to other industries, the healthcare industry is more immune to the changes in the economy, and this allows for the continued growth of plastics in the medical device industry.
•The Australia and New Zealand (ANZ) and Southeast Asia (SEA) markets differ in nature. The ANZ market is technologically sophisticated and exports a significant volume of high-performance medical devices.
•The SEA countries are not as well developed and focus on the manufacturing of commodity medical devices such as medical consumables like medical gloves, surgical drapes and gowns, and other single-use devices.
•The SEA countries are trying to encourage foreign investments in medical technology and boost local manufacturing of medical devices.
•The countries are also working toward harmonizing medical device regulations to create a better and more coherent system. This will affect the medical device industry and its suppliers positively.
1. Technology and process improvement and optimization are important in achieving cost savings.
2. Cost is the overall determining factor, and balance between cost and performance is necessary.
3. Companies are looking at horizontal and vertical market integrations to strengthen their portfolio to serve local markets more efficiently. The market is further expected to witness consolidations, with participants acquiring or partnering with smaller regional material suppliers.
4. The medical device industry is based on strong relationships and partnerships with suppliers and distributors. Good customer service, price, and reliability will enhance customer loyalty.
5. The regulatory landscape for medical devices is evolving, and it is necessary for manufacturers to keep abreast of changes to standards and regulations.
Key Questions This Study Will Answer
What are the market figures, growth rates, and dynamics for plastic resins in medical devices?
What are the factors that drive or challenge the growth of the market?
What are the top categories of plastic resin used in medical devices? What are the best selling product types?
What are the key companies, and what is their relative standing?
What Mega Trends affect the medical plastic industry?
Table of Contents
1. Executive Summary
2. Market Overview
3. Total Plastics in Medical Devices Market
• External Challenges: Drivers and Restraints
• Forecast and Trends
• Competitive Analysis
4. Polyvinyl Chloride Segment Breakdown
5. Polypropylene Segment Breakdown
6. Polyethylene Segment Breakdown
7. Polystyrene Segment Breakdown
8. Silicones Segment Breakdown
9. Thermoplastic Elastomers Segment Breakdown
10. Engineering plastics and High-performance Plastics Segment Breakdown
11. The Last Word
To order this report: Analysis of the Asia-Pacific Market for Plastics in Medical Devices
Contact Clare: email@example.com
Intl: +1 339-368-6001