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High-Performance Medical Plastics Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21288

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Published on

July 2021

Total pages

132

Table of Content

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About the Report

About the Report

Medical plastics mainly consist of a large number of macromolecules for the production of safe and consistent instruments in the healthcare industry. The benefit of using these medical plastics is their long-lasting capacity, high performance & quality, and economical nature. The major applications of medical plastics include Medical Equipment & Tools, Medical Supplies, Drug Delivery, prostheses & Implants, Therapeutic Systems, and Others.

The demand for High-Performance Medical Plastics is increasing on account of the rising demand for advanced medical technology in implants, growing demand for artificial organs, smart inhalers, precision medicines, rising preference for the minimally invasive devices or surgical procedures, and rise in the need for robotic assistance in surgical procedures. Moreover, the rise in the geriatric population coupled with overspreading of infectious diseases, and the rising prevalence of cancer, arthritis, and cardiovascular diseases, which require complex surgical treatments also propels the market growth. In the recent few years, the number of injuries due to accidents is also increasing which high demands the use of prosthetics products, further boosting the growth of the high-performance medical plastics market. As per the WHO 2021, around 1.3 million people die each year due to road traffic crashes and around 20 to 50 million more people suffer non-fatal injuries, with many experiencing a disability due to their injury. These high-performance medical plastics are highly used in prosthetics, providing a life-changing solution for physically disabled people.

However, some of the restraints in the market include a time-consuming regulatory approval process and the rising incidents of COVID-19.

Based on Type, the market is fragmented into Fluoropolymers (FP), High-Performance Polyamides (HPPA), Polyaryletherketones (PAEK), Polyphenylene Sulfides (PPS), Polyetherimide (PEI), and Others (PAI, PFA, ETFE, and PEK). Fluoropolymers (FP) accounted for the largest share in 2020 is anticipated to register a lucrative CAGR during the forecast period owing to the high use of several types of FP such as Polytetrafluoroethylene (PTFE), Polyvinylidene Fluoride (PVDF), and Fluorinated Ethylene Propylene (FEP) in the eyepieces, sizing trials for knee and hip replacement, Surgical equipment, such as handles and grips for instrumentation, fixation devices, and endoscopic housings. Also, due to their high chemical resistance, high thermal stability, and temperature resistance property, FP is highly employed in X-ray and Magnetic Resonance Imaging (MRI) devices. In 2018, Fermatex Vascular Technologies Inc. a supplier of reinforced medical tubing and catheter subassemblies expanded its fluoropolymer extrusion capabilities following industry trends and customer needs including co-extruded tubing and FEP sheath extrusions. The upgrade will allow Fermatex to offer micro-bore and thin-wall fluoropolymer tubing.

Based on Applications, the market is fragmented into Medical Equipment & Tools, Medical Supplies, Drug Delivery, Prosthesis & Implants, Therapeutic Systems, and Others. Medical Equipment & Tools accounted for the largest share in 2020 is anticipated to register a lucrative CAGR during the forecast period owing to rise in demand for 3D printing high-performance plastics in several medical devices such as dental tools, medical equipment & tools, such as components of medical devices, handles, and grips for instrumentation, fixation devices, sizing trials for knee and hip replacement, key parts for dialysis machine and cardiovascular surgery and endoscopic housings. As per the Fracktal works, in 2019, it is estimated that over 600,000 implants have been produced using 3D printing technology. By 2027, this number expected to increase to over 4 million.

For a better understanding of the market adoption of High-Performance Medical Plastics, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America will dominate the High-Performance Medical Plastics market on account of the presence of highly diversified medical devices market and it offers a wide range of products for the diagnosis and treatment of patients, ranging from medical catheters to implants and vascular grafts. Moreover, the high investment in R&D and the development of high-quality products using advanced technology also propel market growth. The innovations, for example, stent technologies, biomarkers, neuro-stimulators, robotic assistance, and implantable electronic devices in the medical device, further drives the market growth. Some of the major players operating in the market include Solvay Sa, SABIC, Mitsubishi Chemical Corporation, Evonik Industries AG, Arkema SA, Ensinger, Victrex PLC, Rochling SE & Co. AG, Raumedic AG, and The Chemours Company. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

Solvay Sa, SABIC, Mitsubishi Chemical Corporation, Evonik Industries AG, Arkema SA, Ensinger, Victrex PLC, Rochling SE & Co. AG, Raumedic AG, and The Chemours Company

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitations

1.3. Stake Holders

1.4. Currency Used in Report

2 RESEARCH PROCESS & RESEARCH METHODOLOGY

2.1. Research Process of the High-Performance Medical Plastics Market

2.2. Research Methodology of the High-Performance Medical Plastics Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the High-Performance Medical Plastics Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL HIGH-PERFORMANCE MEDICAL PLASTICS MARKET ANALYSIS 2019-27F

6 MARKET INSIGHTS BY TYPE

6.1. Fluoropolymers (FP)

6.2. High-Performance Polyamides (HPPA)

6.3. Polyaryletherketones (PAEK)

6.4. Polyphenylene Sulfides (PPS)

6.5. Polyetherimide (PEI)

6.6. Others (PAI, PFA, ETFE, and PEK)

7 MARKET INSIGHTS BY APPLICATION

7.1. Medical Equipment & Tools

7.2. Medical Supplies

7.3. Drug Delivery

7.4. Prosthesis & Implants

7.5. Therapeutic System

7.6. Others

8 MARKET INSIGHTS BY REGION

8.1. NORTH AMERICA HIGH-PERFORMANCE MEDICAL PLASTICS MARKET

8.1.1. United States

8.1.2. Canada

8.1.3. Rest of North America

8.2. EUROPE HIGH-PERFORMANCE MEDICAL PLASTICS MARKET

8.2.1. Germany

8.2.2. France

8.2.3. United Kingdom

8.2.4. Italy

8.2.5. Spain

8.2.6. Rest of Europe

8.3. ASIA PACIFIC HIGH-PERFORMANCE MEDICAL PLASTICS MARKET

8.3.1. China

8.3.2. Japan

8.3.3. India

8.3.4. Australia

8.3.5. Rest of Asia Pacific

8.4. REST OF WORLD HIGH-PERFORMANCE MEDICAL PLASTICS MARKET

9 Demand and Supply Side Analysis

10 Value Chain Analysis

11 Global High-Performance Medical Plastics Market Trends & Insights

12 Global High-Performance Medical Plastics Market Dynamics

12.1. Drivers

12.2. Challenges

12.3. Impact Analysis

13 Global High-Performance Medical Plastics Market Opportunities

14 Competitive Scenario

15 Company profiled

15.1. Solvay Sa

15.2. SABIC

15.3. Mitsubishi Chemical Corporation

15.4. Evonik Industries AG

15.5. Arkema SA

15.6. Ensinger

15.7. Victrex PLC

15.8. Rochling SE & Co. AG

15.9. Raumedic AG

15.10. The Chemours Company

16 Disclaimer

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