Medical Plastics Global Market is Projected to Reach $35.5 Billion by 2030: Rise in use of Bioresorbable Polymers in the Healthcare Space Drives Growth

DUBLIN, July 12, 2023 /PRNewswire/ -- The "Medical Plastics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Medical Plastics estimated at US$22.4 Billion in the year 2022, is projected to reach a revised size of US$35.5 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.

Engineering Plastics, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the High Performance Plastics (HPP) segment is readjusted to a revised 5.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6 Billion, While China is Forecast to Grow at 7.1% CAGR

The Medical Plastics market in the U.S. is estimated at US$6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.1% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 5.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.5 Billion by the year 2030.

Select Competitors (Total 77 Featured) -

• BASF SE
• Celanese Corporation
• Covestro AG
• DuPont de Nemours, Inc.
• Eastman Chemical Company
• Ensinger
• Evonik Industries AG
• GW Plastics, Inc.
• HMC Polymers Co., Ltd.
• NOLATO AB
• Avantor, Inc
• Orthoplastics Ltd.
• SABIC
• Saint-Gobain Performance Plastics
• Solvay
• TekniPlex Corporation
• The Lubrizol Corporation
• Trelleborg Sealing Solutions
• Trinseo

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• COVID-19 Revives Interest in Plastics for Medical Industry
• COVID-19 Lays Emphasis on Materials with Superior Performance
• Going Forwards
• Global Surgery Cancellation Rate (%) Feb to May 2020
• Medical Plastics - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• MEDICAL PLASTICS: AN Introduction
• Plastics Used in Medical Devices
• Medical Plastics - A SWOT Analysis
• Types of Medical Plastics
• Outlook
• Market Limitations
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Medical Device Development Drives Opportunities in Plastics Market
• Growing Demand for Point of care Diagnostics Drive Gains
• Global Point-of-Care Diagnostics Devices Market in US$ billion: 2017-2025
• Material Mix of the Global Microfluidics Market: 2020
• Plastics Aid Artificial Organs Revolutionize Medical Industry
• Engineered Resins Continue to Evolve
• PEEK Polymers Gain Importance in Orthopedic Implants
• Global Orthopedic Implants Market in US$ billion: 2017-2025
• Thermoplastic Elastomers Find Growing Use in Medical Industry
• Rising Popularity of TPEs for Medical Tubing Applications
• Global Medical Tubing Market Revenues in US$ Billion for the Years 2018, 2020 and 2022
• Antimicrobial Plastics for Medical Devices Gain Prominence
• Hospital-acquired infections (HAIs) by Site in the US
• Rise in Use of Bioresorbable Polymers in the Healthcare Space
• Growing Applications of Bioresorbable and Biodegradable Polymers
• Percentage Share of Bio-Based Plastics in Global Plastic Production for the Years 2010, 2015 and 2020
• Biodegradable Polymers in Nano Drugs: A Growing Market
• 3D and 4D Printing Technologies Unfurls Importance of Plastics
• 3D Printing Comes to Aid in Times of COVID-19 Crisis
• Growing Adoption of Medical Robots Creates Demand for High Strength Plastics
• World Surgical Robots Market by Component Type: 2020E
• World Surgical Robots Market by Surgery Type: 2020E
• Global Surgical Robots Market Estimates and Forecasts in US$ Billion: 2015-2025
• Plastics Render Introduction of Medical Devices in Different Color Variants
• Disposables Widen Demand for Advanced Polymers
• World 14-Year Perspective for Artificial Organs by Product Segment - Percentage Breakdown of Dollar Sales for Artificial Heart, Artificial Kidneys,
• Total Number of People on the Waiting List for Organ Transplantation in the US by Type: 2018
• Use of Plastics as a Skin Graft: A Novel Application
• Select Innovations
• Rise in Healthcare Expenditure to Drive Growth
• World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
• Demographic Trends Push the Market Ahead
• Global Aging Population: Population of 65+ Individuals (in Thousands) by Region for 2019 and 2030

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/1ns743

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