Global Medical Plastics Market is expected to reach approximately US$ 60 billion by 2028: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Plastics made specifically for use in medical products are referred to as medical-grade plastics. Additionally, it is employed in the production of in vitro diagnostic devices and pharmaceutical packaging, which protects and contains medications to prevent tampering. Medical plastics are steadily replacing other materials used in the healthcare industry such as glass, ceramics, and metals. It becomes extremely essential for the manufacturers to meet the required standards and regulations along with maintaining the varying characteristics and properties of the medical-grade polymers. According to Ken Research Analysis, the Global Medical Plastics Market is expected to record a positive CAGR of ~7% during the forecast period (2022-2028) and is expected to reach approximately US$ 60 billion by 2028. Rising awareness regarding personal hygiene, technological advancement, and high investment by the players in the development of medical plastics is positively impacting the market. To Know More on this report, Download free Sample Report Technologies including device downsizing, multipurpose drug packaging, and point-of-care (POC) diagnostic tools have all contributed significantly to the rapid expansion of the medical plastics market. As an illustration, bespoke blow forming is a technical approach developed to produce thinner prescription bottles, enhance performance in terms of moisture transmission rate, and strengthen the twist caps. A simple biocompatibility test is made possible by the design of Unique Device Identification (UDI) and other device identification barcodes. Concerns about improper medical waste management as well as environmental concerns limit the market growth. The demand for medical plastics has grown as a result of the continually rising human population. Due to the constant rise in plastic production and waste creation caused by these items, environmental pollution levels are rising and the development of the medical plastics industry is being hampered. These are typically non-recyclable materials that receive separate treatments to prevent the spread of infection. The lack of medical waste management services is causing a variety of contamination, including land and water pollution. The COVID-19 pandemic has had a positive effect on some medical equipment markets. Polyethylene, polypropylene, and engineering plastics are just a few of the polymers that were highly demanded and are still in demand due to medical uses as well as due to the increased production of medical supplies and equipment during the pandemic, such as thermal scanners, ventilators, respirators, masks, and gloves. Additionally, increasing consumer awareness of good hygiene is promoting product consumption and fosters market expansion after COVID-19. Key Trends by Market Segment By Product: The polyphenylsulfone product segment held the largest market share in the Global Medical Plastics Market in 2021. Polyphenylsulfone resists heat and chemicals well, it is preferable for replacing metals in medical applications. The manufacturing of single- and multiple-use surgical instruments is made possible by these plastics’ strong flexural strength, impact resistance, and longevity. Medical devices that must be frequently steam sterilized adopt polyphenylsulfone because of its resilience to high temperatures. These plastics are increasingly being employed in the production of biopharmaceutical products and surgical robots. To Know More on this report, Download free Sample Report By Application: The medical components application segment held the largest share of the Global Medical Plastics Market in 2021. The demand is anticipated to be driven by the expanding range of applications for polypropylene in the production of diagnostic pans, tools, trays, implant trials, containers, syringes, and medical cover sheets. Polypropylene is anticipated to experience significant expansion in the application for medical components owing to its high level of microbiological and chemical resistance, low weight, and low price, and can be used in the production of a variety of medical disposables. It also has a high demand in the syringe manufacturing industry since it is simple to mold into the required dimensions. By Geography: North America accounted for the largest market share in 2021 within the total Global Medical Plastics Market. North America dominated the regional market and contributed a significant share of total sales in 2021. The growing older population in the USA and the rising need for home healthcare services are the main factors driving the market for medical plastics in North America. The regional market is also anticipated to be driven by increasing product demand for pharmaceutical packaging applications and the swift expansion of the pharmaceutical industries in Mexico and Canada. To more about industry trends, Request a free Expert call Competitive Landscape The Global Medical Plastics Market is highly competitive with ~300 players, including globally diversified players, regional players, and many country-niche players. Large global players constitute ~5% while regional players constitute ~45% of the competition. Some of the major players in the market include Evonik Industries AG, Solvay S.A., Dow, Eastman Chemical Company, Röchling Group, DuPont de Nemours Inc., BASF SE, Celanese Corporation, Mitsubishi Chemical Corporation, Nolato AB, Saint-Gobain Performance Plastics, and others. To more about industry trends, Request a free Expert call Recent Developments Related to Major and Emerging Companies In January 2021, Custom plastic injection molded PTA Plastics reported investing more than US$2 million in property and capital equipment to accommodate demand from current and potential clients in the medical industry. In June 2021, Pawling Engineered Products, a New York-based manufacturer of specialized elastomeric inflated seals and extruded solutions, has been acquired by Minnesota Rubber and Plastics, a producer of highly engineered elastomer and thermoplastic solutions for the Medical, Water, and Industrial end industries. In December 2020, PeelMaster Medical Packaging Corporation was acquired by Spectrum Plastics Group, a market leader in specialized medical packaging, components, and contract manufacturing. PeelMaster will strengthen the business’s position as a flexible and specialized packaging provider for the medical device industry. Conclusion The Global Medical Plastics Industry is forecasted to continue a gradual growth. Key trends driving market expansion include the aging population’s demand for improved medical gadgets, rising healthcare spending in developing nations like China and India, and an increase in demand for inexpensive and effective healthcare systems. The market is highly competitive with ~300 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers. Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks. Ken Research has recently published report titled Global Medical Plastics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 That segment the Market by product and application. In addition, the report also covers market size and forecasts for the four major regions’ Medical Plastics Market. The revenue used to size and forecast the market for each segment is US$ billion. By Product Polyethylene Polypropylene Polycarbonate Liquid Crystal Polymer Polyphenylsulfone By Application Medical Device Packaging Medical Components Wound Care BioPharm Devices Tooth Implants Other By Geography North America (USA, Canada, and Mexico) Europe (Germany, UK, France, Spain, and Italy) Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia) LAMEA (Latin America, Middle East, and Africa) Key Players Evonik Industries AG Solvay S.A. Dow Eastman Chemical Company Röchling Group DuPont de Nemours Inc. BASF SE Celanese Corporation Mitsubishi Chemical Corporation Nolato AB Saint-Gobain Performance Plastics Post Views: 3 Tags: Africa Medical Plastics Market Forecast, Asia Pacific Medical Plastics Market Revenue, Celanese Medical Polymers Medical Plastics Market, Challenges in Growth of Medical Plastics Market, Competitors in Medical Plastics Market, Demand for Medical Plastics in Consumer Sector, Distributors of Medical Plastics, Dow Medical Plastics Market, DuPont de Nemours Medical Plastics Market, Eastman Medical Plastics Market, Elastollan BASF SE Medical Plastics Market, Emerging Companies in Medical Plastics Market, Europe Medical Plastics Market Forecast, Evonik Medical Plastics Market, Global Medical Devices & Equipment Market, Global Medical Plastics Industry, Global Medical Plastics Market, Global Medical Plastics Sector, Global Medical Polymers Market, Global Medical Polythene Market, Investment in Medical Equipment Startups, Investment in Medical Plastics Startups, Latin America Medical Plastics Market Forecast, Leading Players in Medical Plastics Market, Liquid Crystal Polymer Medical Plastics Market, Major Players in Medical Plastics Market, Medical Disposables Market, Medical Equipment PE/VC fund Investors, Medical Plastics Demand, Medical Plastics Industry Challenges, Medical Plastics Industry Outlook, Medical Plastics Market, Medical Plastics Market Trends, Medical Plastics Products Market, Medical Plastics Raw Material Suppliers, Medical-grade Materials Market, Medical-grade Plastics Market, Medical-grade Polymer Market, Middle East Medical Plastics Market Revenue, Mitsubishi Chemical Medical Plastics Market, Nolato Medical Plastics Market, North America Medical Plastics Market, Opportunities in Medical Plastics Market, Plastic Medical Device Market, Polycarbonate Medical Plastics Market, Polyethylene Medical Plastics Market, Polyphenylsulfone Medical Plastics Market, Polypropylene Medical Plastics Market, Polyvinyl Chloride Market, Röchling Medical Plastics Market, Saint-Gobain Performance Medical Plastics Market, Solvay's Specialty Medical Plastics Market, Top Medical Plastics Companies, USA Medical Plastics Market, VC Investors in Medical Plastics Industry