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.
North American medical plastics market is estimated to increase from $10.8 billion in 2023 to reach $16.9 billion by 2028, at a CAGR of 9.5% from 2023 through 2028.
The European medical plastics market is estimated to increase from $8.2 billion in 2023 to reach $13.3 billion by 2028, at a CAGR of 10.1% from 2023 through 2028.
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 -
- Medical bags.
- Syringes.
- Tubing.
- Surgical textiles.
- Utensils.
- Face and body protection and medical kit.
- Catheters/IV.
- Gloves.
- Others (Trays, etc.).
Non-disposables -
- Surgical instruments.
- Testing/diagnostic equipment.
- Prostheses/implants.
- Dental/ophthalmic.
Based on resin, the market is segmented into -
- Commodity thermoplastics.
- Styrenics.
- Engineering resins.
- Thermosets.
- TPEs.
- Miscellaneous.
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