Global Medical Plastics Strategic Research Report 2024: Market to Surpass $50 Billion by 2030 - Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--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 sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Attributes:

Report Attribute	Details
No. of Pages	604
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$31 Billion
Forecasted Market Value (USD) by 2030	$50.5 Billion
Compound Annual Growth Rate	6.3%
Regions Covered	Global

MARKET OVERVIEW

• Plastics in Healthcare: Pioneering New Frontiers in Medical Device Evolution
• Trends Shaping the Medical Devices and Medical Plastics Industries
• Medical Plastics - A SWOT Analysis
• Global Economic Update
• COVID-19 Revives Interest in Plastics for Medical Industry
• Competitive Market Presence - Strong/Active/Niche/Trivial for 97 Players Worldwide in 2023 (E)
• Plastics Used in Medical Devices
• Types of Medical Plastics
• Recent Market Activity

MARKET TRENDS & DRIVERS

• Bioplastics in the Medical Sector: A Sustainable Innovation Gaining Interest
• Growing Applications of Bioresorbable and Biodegradable Polymers
• Biodegradable Polymers in Nano Drugs: A Growing Market
• Rise in Importance of 3D Printing in Manufacturing of Medical Devices
• Multi-Jet Fusion Technology: Revolutionizing Medical 3D Printing
• PEEK Emerges as a Key Material for 3D Printing Medical Devices
• Micro-Moulding Medical Plastics, an Essential Manufacturing Technique for Implants and other Medical Devices
• Silicone Gains Increased Acceptance in Medical Applications
• Growing Prominence of Silicone in Surgical and Medical Device Bonding Drive Demand in Medical Applications
• Wearable Medical Devices: A Lucrative End-use Market for Medical Silicone
• Silicone Elastomers Gain Attractive Penetration in Medical & Healthcare Industry
• Growing Adoption of Medical Robots Creates Demand for High Strength Plastics
• Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications
• Growing Demand for Point of care Diagnostics Drive Gains
• Plastics Aid Artificial Organs Revolutionize Medical Industry
• Engineered Resins Continue to Evolve
• PEEK Polymers Gain Importance in Orthopedic Implants
• Thermoplastic Elastomers Find Growing Use in Medical Industry
• Rising Popularity of TPEs for Medical Tubing Applications
• Antimicrobial Plastics for Medical Devices Gain Prominence
• Trends in Decorating Techniques Used in Medical Device Manufacture
• Disposables Widen Demand for Advanced Polymers
• Medical Device Packaging: A Pivotal Aspect of Modern Healthcare System
• Sterilization Techniques Play a Vital Role in Selection of Polymers for Medical Applications
• Sustainable Healing: Pioneering the Recycling Revolution in Medical Plastics
• Rise in Healthcare Expenditure to Drive Growth
• Demographic Trends Push the Market Ahead

FOCUS ON SELECT PLAYERS (Total 97 Featured)

• BASF SE
• Lanxess AG
• Eastman Chemical Company
• Kuraray Co., Ltd.
• Exxon Mobil Corporation
• Covestro AG
• Chi Mei Corporation
• AdvanSource Biomaterials Corporation
• Invibio Ltd.
• Addiplast SA
• Engineered Polymers (India) Pvt., Ltd.
• Distrupol Ltd.
• Elix Polymers SLU
• Kraton Corporation
• GW Plastics, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/kq5v44

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