According to a market report by Lucintel, the future of the global medical plastics market looks promising with opportunities in the medical device market. The global medical plastics market is expected to reach an estimated $36 billion by 2030 from $28 billion in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are increasing demand for development of patient-specific implants and 3D printed devices, increasing adoption of medical polymers due to low prices and versatility, growing healthcare investments in emerging economies, and increasing use of home healthcare and self-medication.
A more than 150 page report to
understand trends, opportunity and
forecast in medical plastics market to 2030 by technology (polyvinyl chloride,
polyethylene, polypropylene, engineering plastics, polystyrene, polyester,
polycarbonate, polyurethane, and acrylics), application (disposables, drug
delivery system, diagnostic instruments, surgical instruments, catheters,
medical bags, and implants), and region (North America, Europe, Asia Pacific,
and the Rest of the World).
Lucintel
forecasts that polyvinyl chloride will remain the largest segment over the
forecast period as it is easily sterilized and re-used with steam, ethylene
oxide, and radiation.
Within
this market, disposables will remain the largest application over the forecast
period due to developing prominence of the medical devices such as hypodermic
needles and cleaning gloves.
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sample by clicking on medical plastics market
North America
will remain the largest region over the forecast period and APAC is expected to
witness the highest growth over the forecast period due to robust growth of the
medical industry coupled with rising healthcare expenditure.
Solvay,
BASF SE, Covestro AG, Evonik Industries AG, Dow Chemical Corporation are the
major suppliers in the medical plastics market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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