Medical Plastics Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Global Medical Plastics Market size was valued at USD 25.3 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7% from 2022 to 2028.

Medical plastics are polymeric materials that can be molded into any shape. Medical plastics are usually made of thermoplastics. Thermoplastics can be easily molded by heating them. Medical grade plastics are temperature and chemical resistant. Commonly used medical plastics include polycarbonate, polypropylene, and polyethylene. It can be used to manufacture medical devices and equipment such as medical and surgical tubes.

Company Profile

SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), and Covestro (Germany) are some of the leading market players.

Market Segmentation

By Type:

• Engineering plastics
• High performance plastics (HPP)
• Standard plastics
• Silicone
• Others (TPE, TPU, Biodegradable Polymers, Synthetic Rubber, and Polymer Blends)

By Application:

• Medical disposables
• Prosthetics
• Medical instruments & tools
• Drug delivery
• Others (medical trays, sterilization trays, and lab wares)

Scope of the Report

The research study analyzes the global Medical Plastics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Medical Plastics Market Report

1. What was the Medical Plastics Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Medical Plastics Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Medical Plastics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.