Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The "Biopharma Plastics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
In the realm of healthcare innovation, the Biopharma Plastics Market is poised to undergo substantial expansion up to the year 2028, driven by a burgeoning demand emanating from the healthcare sector.
The inherent attributes of biopharma plastics, characterized by their low chemical reactivity, thermal stability, and remarkable resistivity, have positioned them as a cornerstone in the production of diverse healthcare products. From protective clothing to containers, syringes, disposable connections, and even bioreactor bags, the versatility of these plastics is paramount.
Notably, the mounting global healthcare expenditures and the escalating prevalence of cancer cases worldwide have generated an upsurge in demand for single-use plastics, particularly in the creation of containers and syringes.
This collective surge in demand forms the bedrock for the projected growth of the Global Biopharma Plastics Market in the forthcoming period.
Ongoing Technological Advancement in Healthcare
Systems for the controlled release and targeted delivery of medicinal drugs using nanoparticles are known as nano-drug delivery systems.
These are brand-new yet emerging technologies for treating microbiological, cardiovascular, inflammatory, autoimmune, and cancerous disorders. Due to the site-specific and target-oriented medication delivery capabilities of nanotechnology, treating chronic illnesses like cardiovascular diseases (CVDs) is made much easier. The special type of packaging kits is manufactured in the prevention of these drugs from the environment.
For instance, according to the ETHealthWorld, Nanotechnology is poised to shape the future of healthcare, and The space where nanotechnology meets healthcare is called nanomedicine. Therefore, an increase in healthcare facilities and advancement in technology anticipates market growth in the upcoming years.
Syringe Applicability Dominates the Market
For injecting & withdrawing liquid from the body, syringes are a prominent healthcare product. The increase in demand for prefilled syringes is due to their ease of use, low cost, minimum microbiological contamination, low injection mistakes, and low dilution errors. Pre-filled syringes reduce the number of steps for injection, offer higher dose accuracy, and lower the risk of injury and cross-contamination.
Moreover, Pre-filled syringes are now a commonplace component of the medication life cycle and are frequently taken into consideration as early as Phase II of the drug development process.
For Instance, according to Drug Development & Delivery, Prefilled syringes and autoinjectors are manufactured focusing on the needs of the patient by providing a variety of parenteral medication quantities and allowing variable dosing regimens.
Thus, the increasing focus on prefilled syringes will lead to the growth of the Global Biopharma Plastic Market in the forecast period.
Polyvinyl chloride (PVC) will be the Key Polymer Type.
The versatility of polyvinyl chloride in the market is due to its capacity to withstand a variety of operations without breaking or cracking. It is ideal for creating syringes, disposable connections, depth filters, and other biopharma plastic products since it is flexible, UV and chemical resistant, and can readily manage high temperatures.
Along with having outstanding mechanical properties, they have oxidation resistance capacity, water repellency with simultaneous vapor permeability, and water repellency. As a result, the product is long-lasting, sustainable, and cost-effective, which has increased the use of biopharma plastics in protective wear in the healthcare sector.
In addition, polytetrafluoroethylene and polyethylene are used in various applications due to their properties, such as durability, gloss, and detergent resistance.
Recent Developments
- In November 2022, Avantor Inc. opened New Distribution Center in Dublin, Ireland, to support the Biopharma market.
- Solvay signed MOUs with French start-up Ostiumin to enable the mechanical recycling of end-of-life single-use surgical instruments molded in glass-fiber reinforced in November 2022.
- In September 2022, Hanwha Solutions Corporation started using the LyondellBasell Lupotech T high-pressure polyethylene technology in Yeosu, South Korea.
- DuPont Liveo, a healthcare solutions manufacturing facility started at the Cooper River Site in South Carolina, opened by DuPont in July 2022.
Competitive landscape
Company Profiles: Detailed analysis of the major companies present in Global Biopharma Plastics market.
- BASF SE
- Spectrum Plastics Group
- Celanese Corporation
- LyondellBasell Industries Holdings B.V.
- DuPont de Nemours, Inc.
- Tekni-Plex, Inc.
- Solvay SA
- Avantor, Inc.
- Bormioli Pharma S.p.A.
- Saudi Basic Industries Corporation
Executive Summary
- Overview of the Market
- Overview of Key Market Segmentations
- Overview of Key Market Players
- Overview of Key Regions/Countries
- Overview of Market Drivers, Challenges, Trends
Market Dynamics
Drivers
- Increase in healthcare expenditure
- Rising cases of cancerous patients
- Technological advancement in healthcare
Market Trends & Developments
- Product Launches
- Mergers & Acquisitions
- Technological Advancements
Challenges
- Fluctuation in Raw Material prices
- Stringent Government regulations
Report Scope
Biopharma Plastics Market, By Polymer Type:
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Others
Biopharma Plastics Market, By Application:
- Protective Wear
- Containers
- Bioreactor Bags
- Syringes
- Others
Biopharma Plastics Market, By Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/lrim6w
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