Medical Plastics Market By Type, By Application and By Region – Global Opportunities & Forecast, 2021-2028
Medical Plastics Market, By Type (Traditional Plastics, Engineering Plastics, and Others), By Application (Surgical instruments, Disposables, Diagnosis Instruments, Sterilization Trays, Anesthetic and Imaging Equipment, and Others), and By Region – Global Opportunities & Forecast, 2021-2028
Medical Plastics Market Overview
Medical plastics refer to the plastics that are used to make medical products including sensitive medical equipment, devices and supplies used every day in hospitals. Medical grade plastics are designed to be high wear, temperature resistant, durable, light weight, chemical and corrosion resistant and they can handle frequent sterilization cycles owing to which they are used in a wide range of products that include internal implants, catheters, joint replacements, vials, beakers, surgical instruments, and others.
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Major Medical Plastics Market Drivers
Rise in healthcare expenditure for the development of safe devices, medicines, and surgical equipment; growth in the healthcare industry owing to the outbreak of COVID 19 pandemic, and growing availability of home healthcare service are some of the major factors expected to drive the growth of the medical plastics market size. In addition, diverse applications of medical plastics that includes surgical instruments, dental instruments, sterilization trays, anaesthetic, diagnostic and imaging equipment owing to the product durability, strength, and biocompatibility is further augmenting the market growth.
Moreover, according to the World Bank, the healthcare expenditure is around 9.8% of the world GDP in 2018 owing to the increasing focus towards the advancements of medical products and devices. According to the Plastic Oceans International, over 380 million of plastic is manufactured every year. This is expected to contribute to the increase in the demand for medical plastics over the forecast period. Furthermore, increasing use of advanced medical technologies, including 3D printed implants and the use of biodegradable plastics in tissue engineering, drug delivery systems and surgical applications, including bone defect fillers, joint replacements is expected to provide huge growth opportunities to the medical plastic market.
Restraint in the Medical Plastics Market
However, volatility in the price of raw materials and the complex process of plastic polymer synthesis is expected to hamper the growth of the market. Moreover, the time consuming and lengthy process for obtaining certification including EU Regulation 2017/745 (MDR) and ISO 10993 by medical grade plastics manufacturers is further expected to restraint the market growth.
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Type – Segment Analysis
Based on the type, traditional plastics is expected to account for a major share in the market owing to the huge utilization of Polyethylene (PE), Polypropylene (PP), Polystyrene(PS),and Polyvinylchloride(PVC) in the medical field due to their high chemical resistance, flexibility, good stability, heat resistivity, and high density. Additionally, wide range of application of PVC in disposable medical articles, haemodialysis, blood tubing line, cardiac catheters, blood bags, and artificial limb materials; and use of polystyrene in test tubes, protective packaging, and disposable plastic cutlery is further contributing to the market growth.
Application – Segment Analysis
Based on the application, disposables is projected to witness high CAGR over the forecast period primarily due to the rise in the use of plastics for the manufacturing of disposable medical products including bed pans, inhalation masks, IV tubes, insulin pens, tube fittings, plastic cups and pitchers, eye patches, surgical gloves, inflatable splints, dialysis tubes, disposable gowns, wipes and droppers, urine continence and ostomy products, and many more.
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Regional – Segment Analysis:
North America is expected to account for a notable share in the medical plastics market. This can be attributed to the economic development, high disposable income of consumers coupled with the rise in the demand for better healthcare facilities, and high investment in the medical industry by the government. Additionally, according to the U.S. Centres for Medicare & Medicaid Services (CMS), U.S. health care spending accounted for 17.7% of the nation’s Gross Domestic Product and the national health spending is projected to grow at an average annual rate of 5.4% for 2019-28 and to reach $6.2 trillion by 2028. This is expected to further support the growth of the medical plastics market in North America in the coming years.
Top Market Players
Several leading Medical Plastics companies operating in the market, include, BASF SE, Evonik Industries AG, Celanese Corporation, Solvay SA, Covestro AG, Röchling SE & Co. KG, Nolato AB, Trinseo S.A., Saint-Gobain, and Dow Inc. among others.
Key Developments:
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- In 2020, BASF SE partnered with the multinational IT Company, HP to develop a new 3D high reusability PolyPropylene (PP)pr with the same charracteristics as existing PPs used in injection molding, piping, fluid systems, and medical containers.
Segments covered in the Report:
The global Medical Plastics market has been segmented on the basis of type, application, and key regions. Based on the type, the market is segmented into traditional plastics, engineering plastics, and others. Based on the application, the market is segmented into surgical instruments, disposables, diagnosis instruments, sterilization trays, anaesthetic and imaging equipment, and others.
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Report Coverage |
Details |
Market Base Year |
2020 |
Market Forecast Period |
2021-2028 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Type, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | BASF SE, Evonik Industries AG, Celanese Corporation, Solvay SA, Covestro AG, Röchling SE & Co. KG, Nolato AB, Trinseo S.A., Saint-Gobain, and Dow Inc. among others; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Medical Plastics Market by Type
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- Traditional Plastics
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene(PS)
- Polyvinylchloride(PVC)
- Engineering Plastics
- Acrylonitrile butadiene styrene (ABS)
- Polycarbonate (PC)
- Polymethylmethacrylate (PMMA)
- Polyetheretherketone (PEEK)
- Polyoxymethylene (POM)
- Polyphenylene Oxide (PPO)
- Others
- Others
- Traditional Plastics
Global Medical Plastics Market by Application
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- Surgical Instruments
- Disposables
- Diagnosis Instruments
- Sterilization Trays
- Anaesthetic and Imaging Equipment
- Others
Global Medical Plastics Market by Region
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North America Medical Plastics Market (Option 1: As a part of the free 25% customization)
- North America Medical Plastics Market by Type
- North America Medical Plastics Market by Application
- US Medical Plastics Market All-Up
- Canada Medical Plastics Market All-Up
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Europe Medical Plastics Market (Option 2: As a part of the free 25% customization)
- Europe Medical Plastics Market by Type
- Europe Medical Plastics Market by Application
- UK Medical Plastics Market All-Up
- Germany Medical Plastics Market All-Up
- France Medical Plastics Market All-Up
- Spain Medical Plastics Market All-Up
- Rest of Europe Medical Plastics Market All-Up
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Asia-Pacific Medical Plastics Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Medical Plastics Market by Type
- Asia-Pacific Medical Plastics Market by Application
- China Medical Plastics Market All-Up
- India Medical Plastics Market All-Up
- Japan Medical Plastics Market All-Up
- Rest of APAC Medical Plastics Market All-Up
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RoW Medical Plastics Market (Option 4: As a part of the free 25% customization)
- RoW Medical Plastics Market by Type
- RoW Medical Plastics Market by Application
- Brazil Medical Plastics Market All-Up
- South Africa Medical Plastics Market All-Up
- Saudi Arabia Medical Plastics Market All-Up
- UAE Medical Plastics Market All-Up
- Rest of world (remaining countries of the LAMEA region) Medical Plastics Market All-Up
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Major Players Operating in the Medical Plastics Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- BASF SE
- Evonik Industries AG
- Celanese Corporation
- Solvay SA
- Covestro AG
- Röchling SE & Co. KG
- Nolato AB
- Trinseo S.A.
- Saint-Gobain
- Dow Inc.
- Published Date: Nov - 2021
- Report Format: Excel/PPT
- Report Code: UP2391-001001
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The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
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Report is shared with unlimited user (employees) of the purchasing corporation only
Medical Plastics Market By Type, By Application and By Region – Global Opportunities & Forecast, 2021-2028
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