Global Medical Plastics Strategic Research Report 2024-2030 – Pioneering New Frontiers in Medical Device Evolution

DUBLIN, Feb. 19, 2024 /PRNewswire/ — The “Medical Plastics – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Medical Plastics Market to Reach $50.5 Billion by 2030

The global market for Medical Plastics estimated at US$31 Billion in the year 2022, is projected to reach a revised size of US$50.5 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Engineering Plastics, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the High Performance Plastics (hpp) segment is estimated at 7.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 7.8% CAGR

The Medical Plastics market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2030.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Plastics in Healthcare: Pioneering New Frontiers in Medical Device EvolutionTrends Shaping the Medical Devices and Medical Plastics IndustriesMedical Plastics – A SWOT AnalysisGlobal Economic UpdateCOVID-19 Revives Interest in Plastics for Medical IndustryCompetitive Market Presence – Strong/Active/Niche/Trivial for 97 Players Worldwide in 2023 (E)Plastics Used in Medical DevicesTypes of Medical PlasticsRecent Market Activity

MARKET TRENDS & DRIVERS

Bioplastics in the Medical Sector: A Sustainable Innovation Gaining InterestGrowing Applications of Bioresorbable and Biodegradable PolymersBiodegradable Polymers in Nano Drugs: A Growing MarketRise in Importance of 3D Printing in Manufacturing of Medical DevicesMulti-Jet Fusion Technology: Revolutionizing Medical 3D PrintingPEEK Emerges as a Key Material for 3D Printing Medical DevicesMicro-Moulding Medical Plastics, an Essential Manufacturing Technique for Implants and other Medical DevicesSilicone Gains Increased Acceptance in Medical ApplicationsGrowing Prominence of Silicone in Surgical and Medical Device Bonding Drive Demand in Medical ApplicationsWearable Medical Devices: A Lucrative End-use Market for Medical SiliconeSilicone Elastomers Gain Attractive Penetration in Medical & Healthcare IndustryGrowing Adoption of Medical Robots Creates Demand for High Strength PlasticsAdvancements in Medical Plastics and Production Capabilities Drive Innovative ApplicationsGrowing Demand for Point of care Diagnostics Drive GainsPlastics Aid Artificial Organs Revolutionize Medical IndustryEngineered Resins Continue to EvolvePEEK Polymers Gain Importance in Orthopedic ImplantsThermoplastic Elastomers Find Growing Use in Medical IndustryRising Popularity of TPEs for Medical Tubing ApplicationsAntimicrobial Plastics for Medical Devices Gain ProminenceTrends in Decorating Techniques Used in Medical Device ManufactureDisposables Widen Demand for Advanced PolymersMedical Device Packaging: A Pivotal Aspect of Modern Healthcare SystemSterilization Techniques Play a Vital Role in Selection of Polymers for Medical ApplicationsSustainable Healing: Pioneering the Recycling Revolution in Medical PlasticsRise in Healthcare Expenditure to Drive GrowthDemographic Trends Push the Market Ahead

FOCUS ON SELECT PLAYERS (Total 97 Featured)

BASF SELanxess AGEastman Chemical CompanyKuraray Co., Ltd.Exxon Mobil CorporationCovestro AGChi Mei CorporationAdvanSource Biomaterials CorporationInvibio Ltd.Addiplast SAEngineered Polymers (India) Pvt., Ltd.Distrupol Ltd.Elix Polymers SLUKraton CorporationGW Plastics, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/mbi90b

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