PUBLISHER: Grand View Research | PRODUCT CODE: 1587532
PUBLISHER: Grand View Research | PRODUCT CODE: 1587532
India Medical Plastics Market Size, Share & Trends Analysis Report By Product (Rigid Plastics, Soft Plastics), By Application (Medical & Monitoring Equipment Housings, Wearables, Ventilators), And Segment Forecasts, 2025 - 2030
India Medical Plastics Market Growth & Trends:
The India medical plastics market size is anticipated to reach USD 38.20 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 17.4% from 2025 to 2030. Expanding healthcare expenditure in the country owing to the rising income level, increased prevalence of lifestyle diseases, growing health awareness, and improved access to insurance is expected to drive the medical devices and components market, thereby leading to an increase in the demand for medical plastics in the country.
India's medical device industry is highly import-driven and has posed various challenges during the COVID-19 outbreak. This is attributed to the disruption caused by the COVID-19 outbreak in the international supply chains, leading to a shortage of critical medical devices. Thus, the Government of India, through its 'Make in India' initiative, has increased reliance on domestic producers to meet the increasing demand for essential healthcare equipment, thereby encouraging the Indian medical devices industry to become self-reliant. Moreover, in May 2020, the government announced the 'Atma Nirbhar Bharat' campaign-a self-reliant India in order to boost the country's economy impacted by COVID-19. This, in turn, is expected to provide further fillip to the indigenous manufacturers of medical devices.
The growth of the medical plastics market in India is challenged by the growing concerns over waste management. The lack of healthcare waste management, especially hazardous waste, and the high risk of environmental pollution have turned into concerns for healthy living. The medical industry produces a broad range of wastes, such as pathological waste, infectious waste, chemical waste, and radioactive waste. These types of waste are generated from hospitals, laboratories, research centers, and autopsy centers, among others. These hazardous medical wastes are challenging the growth of the medical device industry, which, in turn, is expected to hamper the growth of the medical plastics market over the forecast period.
India Medical Plastics Market Report Highlights:
- The rigid plastics product segment held the largest revenue share of over 70.9% in 2024
- The soft plastics product segment is expected to exhibit the highest CAGR of 18.4% over the forecast period in terms of revenue. The significant CAGR is attributed to the rising demand for catheters, drug delivery systems, seals and gaskets, and pipe and tubing in various medical devices
- The medical and monitoring equipment housings application segment accounted for over 34.0% of the overall revenue in 2024. This is attributed to the rising demand for medical device housing for ventilators, oximeters, nasal dilators, and various other medical devices
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. India Medical Plastics Market Variables, Trends & Scope
- 3.1. India Medical Plastics Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Product Overview
- 3.4. Average Price Trend Analysis
- 3.5. Supply-Demand GAP Analysis, 2024
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. India Medical Plastics Market: Product Outlook Estimates & Forecasts
- 4.1. Medical Plastics Market: Product Movement Analysis, 2024 & 2030
- 4.1.1. Rigid Plastics
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.1.2. ABS
- 4.1.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.1.3. PC/ABS Blend
- 4.1.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.1.4. PC Blends
- 4.1.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.1.5. Polycarbonate
- 4.1.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.1.6. Polystryene
- 4.1.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.2. Soft Plastics
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.2.2. Thermoplastic Elastomer (TPE)
- 4.1.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.2.3. Thermoplastic Polyurethane (TPU)
- 4.1.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.2.4. Thermoplastic Polyolefin (TPO)
- 4.1.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 4.1.1. Rigid Plastics
Chapter 5. India Medical Plastics Market: Application Outlook Estimates & Forecasts
- 5.1. Medical Plastics Market: Application Movement Analysis, 2024 & 2030
- 5.1.1. Medical & Monitoring Equipment Housings
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.2. Drug Delivery Devices
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.3. Surgical Tools/Devices
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.4. Oxygen Mask
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.5. IV System, Cannula & Stop Cock
- 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.6. Wearables
- 5.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.7. Ventilators
- 5.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.8. Oxygentaed Caps
- 5.1.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.9. Water Trap Gaskets
- 5.1.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.10. Test Tube Cap
- 5.1.10.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.11. Nasal Dilator
- 5.1.11.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.12. Others
- 5.1.12.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Tons)
- 5.1.1. Medical & Monitoring Equipment Housings
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Vendor Landscape
- 6.2.1. Company categorization
- 6.2.2. List of Key Distributors and Channel Partners
- 6.2.3. List of Potential Customers/End Users
- 6.3. Competitive Dynamics
- 6.3.1. Competitive Benchmarking
- 6.3.2. Strategy Mapping
- 6.3.3. Heat Map Analysis
- 6.4. Company Profiles/Listing
- 6.4.1. FORGING Covestro AG
- 6.4.1.1. Participant's overview
- 6.4.1.2. Financial performance
- 6.4.1.3. Product benchmarking
- 6.4.1.4. Strategic initiatives
- 6.4.2. SABIC
- 6.4.2.1. Participant's overview
- 6.4.2.2. Financial performance
- 6.4.2.3. Product benchmarking
- 6.4.2.4. Strategic initiatives
- 6.4.3. Celanese Corporation
- 6.4.3.1. Participant's overview
- 6.4.3.2. Financial performance
- 6.4.3.3. Product benchmarking
- 6.4.3.4. Strategic initiatives
- 6.4.4. Avient Corporation
- 6.4.4.1. Participant's overview
- 6.4.4.2. Financial performance
- 6.4.4.3. Product benchmarking
- 6.4.4.4. Strategic initiatives
- 6.4.5. ATV Projects India Pvt. Ltd.
- 6.4.5.1. Participant's overview
- 6.4.5.2. Financial performance
- 6.4.5.3. Product benchmarking
- 6.4.5.4. Strategic initiatives
- 6.4.1. FORGING Covestro AG
List of Tables
- Table 1. List of abbreviations
- Table 2. India medical plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Tons)
- Table 3. India medical plastics market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Tons)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook- Product and application
- Fig. 7 Competitive outlook
- Fig. 8 Value chain analysis
- Fig. 9 Market dynamics
- Fig. 10 Porter's analysis
- Fig. 11 PESTEL analysis
- Fig. 12 India medical plastics market, by product: Key takeaways
- Fig. 13 India medical plastics market, by product: Market share, 2024 & 2030
- Fig. 14 Rigid plastics market, 2018 - 2030 (USD Million)
- Fig. 15 ABS market, 2018 - 2030 (USD Million)
- Fig. 16 PC/ABS Blend market, 2018 - 2030 (USD Million)
- Fig. 17 PC Blends market, 2018 - 2030 (USD Million)
- Fig. 18 Polycarbonate market, 2018 - 2030 (USD Million)
- Fig. 19 Polystryene market, 2018 - 2030 (USD Million)
- Fig. 20 Soft plastics market, 2018 - 2030 (USD Million)
- Fig. 21 Thermoplastic Elastomer (TPE) market, 2018 - 2030 (USD Million)
- Fig. 22 Thermoplastic Polyurethane (TPU) market, 2018 - 2030 (USD Million)
- Fig. 23 Thermoplastic Polyolefin (TPO) market, 2018 - 2030 (USD Million)
- Fig. 24 India medical plastics market, by application: Key takeaways
- Fig. 25 India medical plastics market, by application: Market share, 2024 & 2030
- Fig. 26 Medical & monitoring equipment housings market, 2018 - 2030 (USD Million)
- Fig. 27 Drug delivery devices market, 2018 - 2030 (USD Million)
- Fig. 28 Surgical tools/devices market, 2018 - 2030 (USD Million)
- Fig. 29 Oxygen mask market, 2018 - 2030 (USD Million)
- Fig. 30 IV System, cannula & stop cock market, 2018 - 2030 (USD Million)
- Fig. 31 Wearables market, 2018 - 2030 (USD Million)
- Fig. 32 Ventilators market, 2018 - 2030 (USD Million)
- Fig. 33 Oxygentaed caps market, 2018 - 2030 (USD Million)
- Fig. 34 Water trap gaskets market, 2018 - 2030 (USD Million)
- Fig. 35 Test tube cap market, 2018 - 2030 (USD Million)
- Fig. 36 Nasal dilator market, 2018 - 2030 (USD Million)
- Fig. 37 Others market, 2018 - 2030 (USD Million)
