Report Highlights
The global market for medical plastics is estimated to increase from $25.6 billion in 2023 to reach $41.2 billion by 2028, at a compound annual growth rate (CAGR) of 10.0% from 2023 through 2028.
Report Includes
- 206 data tables and 65 additional tables
- An overview and analysis of the global markets for medical plastics
- Analyses of the global market trends, with historical market revenue data (sales figures) from 2022, estimates for 2023, forecasts for 2024, and projections of compound annual growth rates (CAGRs) through 2028
- Estimates of the current actual market size and future consumption of medical plastics, their revenue forecast, correlated growth rates and market share analysis based on the resin types and sub-segments, applications and regions/countries
- Information on new products and technologies related to medical plastics, sterilization techniques, medical plastic product lines, environmental and regulatory updates, and other macroeconomic trends and factors shaping the industry.
- Overview of the market drivers and challenges
- Analysis of market growth opportunities with a holistic review of Porter’s Five Forces and PESTLE analyses, taking into account the prevailing micro- and macroeconomic factors in the market
- Discussion of sustainability trends and factors in the market for medical plastics, with emphasis on consumer attitudes, ESG scores, case studies and the ESG practices of leading companies
- Review of the emerging new technologies and patents in the medical plastics industry
- An overview of the vendor landscape and the industry structure, including company market shares, recent M&A activity and venture funding
- Profiles of the leading companies, including Avient, Celanese, Eastman, Evonik, Neste Oyj, and Sumitomoto
Report Scope
The report analyses the global medical plastics market based on application and resin type. These segmentations are further analyzed at the global and regional levels.
The base year considered for analysis is 2022, and the market estimates and forecasts are given from 2023 to 2028. The market estimates are provided in terms of volume (kilotons) and revenue (U.S. dollars, million).
The scope for the medical plastics market is segmented into application and resin type.
Based on application, the market is segmented into:
• Disposables:
o Medical bags.
o Syringes.
o Tubing.
o Surgical textiles.
o Utensils.
o Face and body protection and medical kit.
o Catheters/IV.
o Gloves.
o Others (Trays, etc.).
• Non-disposables:
o Surgical instruments.
o Testing/diagnostic equipment.
o Prostheses/implants.
o Dental/ophthalmic.
Based on resin, the market is segmented into:
• Commodity thermoplastics.
• Styrenics.
• Engineering resins.
• Thermosets.
• TPEs.
• Miscellaneous.
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||
| Forecast period considered | 2023-2028 | ||||||||||
| Base year market size | $24.0 billion | ||||||||||
| Market size forecast | $41.2 billion | ||||||||||
| Growth rate | CAGR of 10.0% for the forecast period of 2023-2028 | ||||||||||
| Units considered | $ Millions and Kilotons | ||||||||||
| Segments covered | Type, Application, Resin, and Geographic Region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World | ||||||||||
| Key Market Drivers |
|
||||||||||
| Companies studied |
|
Frequently Asked Questions (FAQs)
- Growing medical device industry
- Increasing investment in the healthcare sector.
Analyst Credentials
Noopur Deshmukh– Associate Consultant-Advanced Materials Research
Noopur Deshmukh has over six years of industry experience in market research and analysis, specializing in advanced materials. She has experience in several domains, such as chemicals, materials, polymers, packaging, technology, and others. She works majorly on research studies, data gathering, market estimation & forecast, and competitive analysis, and providing clients with custom reports based on their business requirements. Academically, Noopur holds a master’s degree in Marketing and a bachelor’s degree in Engineering.
Report Highlights
The global market for medical plastics should grow from $17.6 billion pounds in 2020 to $29.4 billion pounds by 2025, at compound annual growth rate (CAGR) of 10.8% for the period of 2020-2025.
Report Highlights
The global market for medical plastics reached nearly 12.8 billion pounds in 2016. This market is estimated to reach 18.3 billion pounds in 2022 from 13.6 billion pounds in 2017 at a compound annual growth rate (CAGR) of 6.2% for 2017-2022.
Report Highlights
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 Highlights
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 Highlights
-
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.
Report Highlights
-
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.
Report Highlights
-
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.
Report Highlights
-
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.
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