Dallas, Texas, Dec. 03, 2020 (GLOBE NEWSWIRE) -- The global medical plastics market size is projected to gather a CAGR of above 9.0% over the forecast years 2020-2028 Medical devices range from simple devices, to test equipment, to implants. For weight, cost, and performance purposes, plastics are used more and more in these devices. Examples of medical devices include operating instruments, catheters, coronary stents, pacemakers, MRI machines, x-ray machines, prosthetic limbs, hip/knee artificial, operative gloves, and bandages.

Request for Sample Report: https://www.adroitmarketresearch.com/contacts/request-sample/1396

Plastic demand is growing, as it is an essential ingredient in the production of medical instruments, equipment, and packaging. In recent years this has led to steady market growth. Factors such as increased demand for medical devices, increasing aging population and the growth of the home healthcare sector in North America and Europe are expected to drive demand for polymers of medical-grade over the forecast period.

In combination with the resulting demand for medical devices, the increasing number of insured individuals in the US is expected to have positive consequences for growth in the industry in the projected years. The presence of numerous companies involved in producing state-of-the-art plastics for the industry is also a characteristic of the market. A large integration through various phases of the value chain marks the medical plastics market. All four phases of the HELM AG value chain are integrated, from raw material production through plastic production through the manufacture of final products for hospitals and hospitals including private customers.

Read the complete report: https://www.adroitmarketresearch.com/industry-reports/medical-plastic-market

The report also outlines the various characteristics of the global medical plastics industry by assessing the market from value chain analysis. Moreover, the medical plastics market report comprises various qualitative parts of the medical plastics industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.

The medical plastics market has solid competition amongst the already well-known and new market players. Also, the medical plastics industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.

By application, the medical plastics market is bifurcated into medical components, wound care, cleanroom supplies, biopharma devices, mobility aids, and tooth implants. Single-use products used in both surgical and procedural applications could be defined as medical devices. These medicinal products are increasingly used in procedural applications and in general checks. Moreover, as instructed by different agencies, such as the USFDA and Europe FDA, the use of those devices drives global demand for medical plastics. The main drivers on the market are increasing incidences of chronic diseases, changing the middle-income group's lifestyle, demand for improved health facilities, and an increase in the elderly population.

North America expected to account for over 30% share of the total medical plastics market is expected to grow in the coming years.  The increase of per capita health spending in the US is expected to significantly increase demand for medical devices in future years. This can increase the regional demand for products. In addition, the presence of key fabricators such as Dow Inc., DuPont, Celanese Corporation, and Eastman Chemical Co. in the area is expected to have a positive impact over the forecast period on overall market growth.

Medical plastics are being used increasingly because of their flexibility. Medical disposables can be characterized as products of single-use which are used in both surgical and procedural applications. The use of these medical products in clinical and general inspection applications is growing. Moreover, the use of these disposables as advised by various agencies, such as USFDA and Europe FDA, is propelling global demand for medical plastics. The major drivers for the sector are rising incidences of chronic diseases, evolving middle-income community lifestyle, demand for better health facilities, and an increase in the aging population.

Interested to Procure The Data? Inquire here at: https://www.adroitmarketresearch.com/researchreport/purchase/1396

Segment Overview of Global Medical Plastics Market

Application Overview, 2018-2028 (USD Million) (Kilo Tons)

  • Medical components
  • Wound care
  • Cleanroom supplies
  • BioPharma Devices
  • Mobility Aids
  • Tooth implants

Type Overview, 2018-2028 (USD Million) (Kilo Tons)

  • Engineering Plastics
  • HPP
  • Standard Plastics
  • Silicone
  • Others

Schedule a Free Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at: https://www.adroitmarketresearch.com/contacts/speak-to-analyst/1396

Table of Contents

Chapter 1    Introduction

Chapter 2    Research Methodology

Chapter 3    Executive Summary

Chapter 4    Market Outlook

Chapter 5    Medical Plastics Market by Application

Chapter 6    Medical Plastics Market by Type

Chapter 7    Medical Plastics Market By Region

Chapter 8    Competitive Landscape

Chapter 9    Company Profiles

Have a Look at Related Reports:

Engineering Plastics Market by Type (Acrylonitrile Butadiene Styrene (ABS), Polyamides, Polycarbonates, Thermoplastic Polyesters, Polyacetals (POM), Fluoropolymers, Polyphenylene Sulfide (PPS), Polymethyl Methacrylate (PMMA), Polyphenylene Oxide (PPO), Polyetheretherketone (PEEK), Others), by End-Use (Automotive & Transportation, Consumer Appliances, Electrical & Electronics, Industrial & Machinery, Packaging, Medical, Other) and by Region, Global Forecasts 2020 to 2025

Lightweight Materials Market by Material Type (Metals & Alloys (High strength steel, Aluminium, Magnesium, Titanium, Others)) (Composites (Carbon Fiber Reinforced, Glass Fiber Reinforced), Plastic (Polycarbonate, Polypropylene, Others), and Others, By Application (Aerospace and Defense, Automotive, Energy Sector, Electronic and Electrical industry, Construction Industry, Consumer Goods) and by Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) and Global Forecasts 2018 to 2028

Polypropylene Market by Type (Homopolymer, Copolymer, Others), End-user (Packaging, Automotive, Building & Construction, Medical, Electrical & Electronics, and Others) and Region, Global Forecasts 2018 to 2025

Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html

About Us:

Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Us:
Ryan Johnson
Account Manager - Global
3131 McKinney Ave Ste 600
Dallas, TX 75204
Email ID: sales@adroitmarketresearch.com
Phone No.: +1 972-362 -8199
Connect with us: Facebook | Twitter | LinkedIn