Global Medical Plastics Strategic Research Report 2024-2030 - Pioneering New Frontiers in Medical Device Evolution
Tuesday, February 27, 2024
DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Medical Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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
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/mbi90b
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