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Medical Plastics - Global Strategic Business Report

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    Report

  • 604 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 344103
The global market for Medical Plastics was valued at an estimated US$32.9 Billion in 2023 and is projected to reach US$50.5 Billion by 2030, growing at a CAGR of 6.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the medical plastics market is driven by several factors. The increasing demand for disposable medical devices and supplies, driven by the need for infection control and patient safety, is a significant driver. The expanding healthcare industry, particularly in emerging markets, is boosting demand for a wide range of medical devices and equipment.

Technological innovations in polymer chemistry and manufacturing processes are enhancing the performance and expanding the applications of medical plastics, driving market growth. The rising prevalence of chronic diseases and the aging population are increasing the demand for medical devices, further propelling market expansion. Additionally, the growing focus on sustainability and the development of biodegradable plastics are creating new opportunities in the market. Finally, regulatory trends emphasizing the safety and effectiveness of medical devices are encouraging the adoption of high-quality medical plastics, ensuring continued market growth.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Engineering Plastics segment, which is expected to reach US$6.3 Billion by 2030 with a CAGR of a 9.1%. The High Performance Plastics (HPP) segment is also set to grow at 7.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $8.7 Billion in 2023, and China, forecasted to grow at an impressive 7.8% CAGR to reach $8.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Medical Plastics Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Medical Plastics Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Medical Plastics Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as BASF SE, Celanese Corporation, Covestro AG, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 97 Featured):

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

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. 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
  • Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Global Inflation Rates (In %) for the Years 2019 through 2024
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • COVID-19 Revives Interest in Plastics for Medical Industry
  • Global Surgery Cancellation Rate (%) Feb to May 2020
  • Medical Plastics - Global Key Competitors Percentage Market Share in 2024 (E)
  • Medical Plastics Competitor Market Share Scenario Worldwide (in %): 2022E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Plastics Used in Medical Devices
  • Types of Medical Plastics
  • Recent Market Activity
  • INFLUENCER/PRODUCT/TECHNOLOGY INSIGHTS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Bioplastics in the Medical Sector: A Sustainable Innovation Gaining Interest
  • 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
  • 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
  • Potential Market for Medical Grade Silicone (2023E): Percentage Share Breakdown of Global Surgical Procedure Volume by Type
  • 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
  • Global Market for Wearable Medical Devices (2016-2024) (in US$ Million)
  • Silicone Elastomers Gain Attractive Penetration in Medical & Healthcare Industry
  • Growing Adoption of Medical Robots Creates Demand for High Strength Plastics
  • World Surgical Robots Market by Surgery Type: 2024E
  • Global Surgical Robots Market Estimates and Forecasts in US$ Billion: 2015-2025
  • Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications
  • Growing Demand for Point of care Diagnostics Drive Gains
  • Global Point-of-Care Diagnostics Devices Market in US$ billion: 2017-2025
  • Plastics Aid Artificial Organs Revolutionize Medical Industry
  • World 14-Year Perspective for Artificial Organs by Product Segment - Percentage Breakdown of Dollar Sales
  • 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
  • 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
  • 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
  • Table 1: World Medical Plastics Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Medical Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Medical Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Medical Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Engineering Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Engineering Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Engineering Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for High Performance Plastics (HPP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for High Performance Plastics (HPP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for High Performance Plastics (HPP) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Standard Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Standard Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Standard Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Silicone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Silicone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Silicone by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Medical Disposables by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Medical Disposables by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Medical Disposables by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Drug Delivery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Drug Delivery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Drug Delivery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Medical Instruments & Tools by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Medical Instruments & Tools by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Medical Instruments & Tools by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Prosthetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Prosthetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Prosthetics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Medical Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Analytics
  • Market Overview
  • US-based Medical Device OEMs Move towards Onshoring Services
  • Ageing Demographics: Major Driving Factor
  • US Population by Age Group: 2016, 2020, 2030 (in Million)
CANADA
JAPAN
  • Market Overview
  • Breakdown of Population by Age Group in Japan: 2010, 2020, and 2025
  • Market Analytics
CHINA
  • Market Overview
  • Market Analytics
EUROPE
  • Medical Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Analytics
  • Market Overview
  • Breakdown of Healthcare Expenditure in Europe by Category: 2019
  • Market Analytics
  • Growing Trend towards Outsourcing
FRANCE
  • Medical Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Medical Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
INDIA
  • Market Analytics
SOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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

Table Information