Medical Plastics Market Size growing at 5.3% CAGR to hit USD 8 billion by 2028

By Sachin Pashte  | Date: November 02, 2022

Medical Plastics Market Size growing at 5.3% CAGR to hit USD 8 billion by 2028

The Medical Plastics Market report provides detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the Global Medical Plastics industry based on product segment, technology, end user segment and region.

The market size of the global medical plastics sector is expected to rise by USD 8 billion with a CAGR of 5.3% by the end of 2028.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global medical plastics market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the medical plastics industry.

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The report explores the recent developments and profiles of key vendors in the Global Medical Plastics Market, including  Arkema S.A., BASF SE, Borealis AG, CHIMEI Corporation, China Petroleum & Chemical Corporation (Sinopec), Covestro AG, Dow Inc., DuPont de Nemours, Inc., Evonik Industries AG, Exxon Mobil Corporation, Formosa Plastics Corporation, Kraton Corporation, Lanxess AG, LCY Chemical Corporation, LG Chem Ltd., LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Momentive Inc., Saudi Basic Industries Corporation (SABIC), Shin-Etsu Chemical Co., Ltd., Solvay S.A., The Chemours Company, Victrex plc, Westlake Corporation, Xinjiang Tianye Co., Ltd., Xinjiang Zhongtai Chemical Co., Ltd., among others.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the category, product, application, and region. The global market for medical plastics can be segmented by category: commodity thermoplastics, engineering thermoplastics, high performance plastic (HPP), thermosets, TPEs, miscellaneous. The commodity thermoplastics segment was the largest contributor to the global medical plastics market in 2021. Medical plastics market is further segmented by product: acrylonitrile butadiene styrene (ABS), poly(methyl methacrylate) (PMMA), polycarbonates (PC), polyesters, polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polysulfones, polyurethanes (PU), polyvinyl chloride (PVC), silicones, styrene acrylonitrile resin (SAN), styrene block copolymers (SBCs), others. Based on application, the medical plastics market is segmented into: diagnostic equipment, medical disposables, packaging, prostheses and implants, surgical instruments, others. On the basis of region, the medical plastics market also can be divided into: North America, Asia Pacific, Europe, Rest of the World (ROW).

By category:

- commodity thermoplastics

- engineering thermoplastics

- high performance plastic (HPP)

- thermosets

- TPEs

- miscellaneous

By product:

- acrylonitrile butadiene styrene (ABS)

- poly (methyl methacrylate) (PMMA)

- polycarbonates (PC)

- polyesters

- polyethylene (PE)

- polyethylene terephthalate (PET)

- polypropylene (PP)

- polystyrene (PS)

- polysulfones

- polyurethanes (PU)

- polyvinyl chloride (PVC)

- silicones

- styrene acrylonitrile resin (SAN)

- styrene block copolymers (SBCs)

- others

By application:

- diagnostic equipment

- medical disposables

- packaging

- prostheses and implants

- surgical instruments

- others

By region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

- To analyze and forecast the market size of the global Medical Plastics market.

- To classify and forecast the global Medical Plastics market based on product, application, end user, region.

- To identify drivers and challenges for the global Medical Plastics market.

- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global Medical Plastics market.

- To identify and analyze the profile of leading players operating in the global Medical Plastics market.

Questions And Answers: Global Medical Plastics Market

Q1. What is the CAGR that the Medical Plastics Market is expected to register through the projected duration?

Answer: The Medical Plastics Market is likely to register a CAGR of 5.3% over the forecast period.

Q2. How much is the Medical Plastics Market expected to be worth by the end of the year 2028?

Answer: Medical Plastics Market is likely to surpass a mammoth of USD 8 billion by the end of 2028.

Q3. Which Are the Key Players in Global Medical Plastics Market?

Answer: 3M Company, Barkey GmbH & Co. KG, Baxter International Inc., Belmont Instrument, LLC, Biegler GmbH, Estill Medical Technologies, Inc., Gentherm Incorporated, ICU Medical, Inc. (Smiths Medical, Inc.), Life Warmer Inc, among others are the leading players in worldwide Medical Plastics Market.

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About Author

Sachin Pashte

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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