Enquiry before buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Global Medical Plastics Market
Global Medical Plastics Market to Reach US$ 36 Billion by 2027, Propelled by the Exponential Growth in the Medical Industry
November 18, 2022
The latest report by IMARC, titled “Medical Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global medical plastics market size reached US$ 24.0 Billion in 2021. Medical plastics refer to numerous polymeric materials produced especially for healthcare applications. They are generally used for vials, tamper-proof caps, beakers, bedpans, inhalations masks, intravenous (IV) tubes, surgical instruments, pill casings, prosthetics, and catheters. The most commonly used variants of medical plastics include synthetic rubber, silicon, polymer blends, and engineering plastics. They are manufactured using medical-grade polypropylene, polycarbonate materials, and hypoallergenic. They are non-permeable shatter-proof, and temperature, corrosion- and chemical resistant. In recent years, medical plastics have gained traction due to their extensive employment in transporting biohazardous materials, as they possess antimicrobial surfaces and can assist in preventing the spread of pathogens.
Global Medical Plastics Market Trends:
One of the primary factors driving the market is the exponential growth in the medical industry worldwide. Additionally, due to the sudden outbreak of the coronavirus disease (COVID-19), the demand for single-use medical plastics and consumables is constantly rising in healthcare centers, thereby creating a positive market outlook. Other than this, diagnostic centers, clinics, and hospitals are widely adopting ventilators, thermal scanners, respirators, gloves, and masks for the treatment of patients. This is increasing the enforcement and upgradation of infection prevention standards, which is propelling the market growth. Besides this, numerous product developments, such as the launch of medical plastics with improved biocompatibility, are propelling the market growth. Other growth-inducing factors include developments in the healthcare infrastructure and the increasing geriatric population. Looking forward, IMARC Group expects the market value to reach US$ 36 Billion by 2027, expanding at a CAGR of 6.9% during the forecast period (2022-2027).
Market Summary:
- Based on the material, the market has been divided into polyvinyl chloride (PVC), polypropylene (PP), engineering plastics, polyethylene (PE), polystyrene (PS), silicones, and others.
- On the basis of the application, the market has been segregated into disposables, drug delivery devices, diagnostic instruments, catheters, surgical instruments, and others.
- Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being Arkema SA, BASF SE, Celanese Corporation, Covestro AG, The Dow Chemical Company, DuPont de Nemours Inc., Evonik Industries AG, Exxon Mobil Corporation, Saudi Basic Industries Corporation (SABIC), Solvay S.A., The Lubrizol Corporation (Berkshire Hathaway Inc.), and Trinseo PLC.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Select Licence Type
Benefits of Customization
Personalize This Research
Triangulate with your Data
Get Data as per your Format and Definition
Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor
Any level of Personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
