Medical Plastics: Global Markets to 2022

The global market for medical plastics reached nearly 12.0 billion pounds in 2015. This market is expected to increase from nearly 12.7 billion pounds in 2016 to nearly 17.2 billion pounds in 2021 at a compound annual growth rate (CAGR) of 6.2% for 2016-2021. 

Report Includes

• An overview of the global markets for medical plastics.
• Analyses of the market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
• Information on new medical devices, new products, technologies related to medical devices, sterilization techniques, and medical plastic product lines.
• A look at key resins used to make medical devices, and new products and technologies related to these devices.
• Examination of the market's dynamics, including growth drivers, restraints, and opportunities.
• Evaluation of the environmental, and legislative and regulatory impacts on the market.
• Profiles of major players in the medical plastics industry.

The U.S. medical plastics market totaled nearly 4.4 billion pounds in 2014. This market should reach nearly 4.6 billion pounds in 2015 and 5.8 billion pounds by 2020 increasing at a compound annual growth rate (CAGR) of 4.8% between 2015 and 2020.

Report Includes

• An overview of the global markets for medical plastics with detailed coverage of North American markets, and broad-based estimates for European and Asian regions.
• Analyses of the market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
• Information on new medical devices, new products, technologies related to medical devices, sterilization techniques, and medical plastic product lines.
• Examination of the market's dynamics, including growth drivers, restraints, and opportunities.
• Evaluation of the environmental, and legislative and regulatory impacts on the market.
• Comprehensive profiles of major players in the medical plastics industry.

• The U.S. medical plastics market is expected to reach almost 3.5 billion pounds by the end of 2010 and will grow at a compound annual growth rate (CAGR) of about 5%, consuming about 4.4 billion pounds by 2015.
  
• Commodity thermoplastics dominate the market with a little more than 55% of total volume. This sector is estimated at nearly 2 billion pounds in 2010 and should increase at a compound annual growth rate (CAGR) of 4.8% to reach 2.5 billion pounds in 2015.
  
• TPEs, engineering resins, and thermosets will show the most significant growth rates over the next 5 years although they only constitute about 20% of total volume. Of these, TPEs will experience the highest compound annual growth rate (CAGR) of 6.2%, from 68 million pounds in 2010 to 92 million pounds in 2015.

• The U.S. medical plastics market will reach almost 2.7 billion pounds by the end of 2006 and will grow at an average annual growth rate (AAGR) of 4.4%, consuming over 3.3 billion pounds by 2011.
• Commodity thermoplastics dominate the market with a little over 50% of total volume. This sector of the market should consume 1.7 billion pounds by the end of 2011, an AAGR of 4.2%.
• TPEs represent the highest growth rate through the forecast period. In 2006, 137 million pounds were consumed. By the end of 2011, consumption will reach 181 million pounds, a 5.7% AAGR.

• The medical plastics market will rise at an average annual growth rate (AAGR) of 4.3% through 2008, from 2.2 billion pounds in 2002 to almost 2.9 billion pounds.
• Disposable medical devices comprise about 60% of the total application volume.
• Commodity thermoplastics represent just 50% of total product volume.
• A slight shift to engineering resins, styrenics, thermosets and TPEs is forecast at the expense of commodity thermoplastics.

• The medical plastics market will reach almost 1.98 billion pounds by the end of 1999 and will grow at an annual rate of about 6%, consuming more than 2.6 billion pounds by 2004. Nondisposables comprise slightly more than 50% of total volume.
• Commodity thermoplastics dominate the market with a little under 50% of total volume.
• The Engineering resins market will grow at an annual rate of about 6.5%, consuming more than 0.3 billion pounds by 2004.