The Medical Plastic Market report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Medical Plastic Market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Medical Plastic Market landscape.

The global medical plastic market size reached USD 44.84 Billion in 2021 and is expected to register a revenue CAGR of 7.5% during the forecast period, according to a latest analysis by Emergen Research. Rising high-value investments in the healthcare sector along with increasing Research Development (RD) initiatives by various major companies are few of the key factors driving market revenue growth. Surging demand for point-of-care diagnostic tools, multi-purpose drug packaging, miniaturization of devices, and surgical instruments are contributing to revenue growth of the market.

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Some Key Highlights From the Report

• The polyphenylsulfone (PPSU) segment accounted for a significant revenue share in 2021. High-temperature and chemical resistance properties of PPSU enable increasing utilization as an alternative of metals in various medical applications which is one of the key factors driving revenue growth of the segment. Moreover, owing to high-temperature resistance capability enable easy steam sterilization of medical devices made from PPSU. Versatility, good flexural modulus, high tensile strength, shatterproof and high durability of PPSU makes it ideal for production of single-use as well as multi-use surgical instruments. Resistance to cleaning agents and various solvents and low moisture absorption are some of the major factors driving revenue growth of the segment.
• The medical disposables segment accounted for largest revenue share in 2021. Surging demand for single-use surgical products as well as procedural applications in addition to growing preference for at-home healthcare for increasing elderly population are few of the key factors boosting revenue growth of the segment. Medical disposables enable prevention of cross contamination between patients and reduce risk of surgical site infection which are some of the major factors increasing demand for medical disposables.
• The market in Europe is expected to register significant growth rate during the forecast period. Presence of various large-scale medical grade plastics manufacturers, especially in Germany and France, as well as increasing technological innovations along with medical advancements are some of the major factors driving revenue growth of the market in the region. Furthermore, increasing support by governments and various regulatory changes in support of robust and sustainable medical devices is contributing to revenue growth of the market in Europe.

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The report offers a complete analysis of the global Medical Plastic market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.

Key companies profiled in the Medical Plastic report include:

SABIC (Saudi Basic Industries Corporation), Saint-Gobain Performance Plastics, Celanese Corporation, Evonik Industries AG, BASF SE, Röchling SE Co. KG, Orthoplastics Ltd, Solvay S.A., Nolato AB, and Eastman Chemical Company.

The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.

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Emergen Research has segmented the global medical plastic market on the basis of product, application, end-use, and region:

• Product Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
• Polypropylene (PP)
• Polyethylene (PE)
• Polycarbonate (PC)
• Liquid Crystal Polymer (LCP)
• Polyethersulfone (PES)
• Polyethylenimine (PEI)
• Polyphenylsulfone (PPSU)
• Polymethyl Methacrylate (PMMA)
• Others

• Application Outlook (Revenue, USD Billion, Volume (Kilo Tons); 2019-2030)
• Medical instruments
• Medical disposables
• Drugs packaging
• Prosthetics implants
• Others

Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

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ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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