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Medical Plastics Market is Anticipated to Grow US$ 51.3 Bn By 2030

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The Medical Plastics market is projected to grow from USD 28.3 billion in 2020 to reach USD 51.3 billion by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.5% from 2021 to 2030.

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Growth Factors

 Robust growth in the medical industry coupled with rising healthcare expenditure across the world are anticipated to drive the global market over the forecast period. The market is expected to register significant growth owing to the high adoption of plastics for implants on account of their chemical inertness and superior fatigue resistance.

growing volume of surgical, hospital, and outpatient procedures are anticipated to drive the market growth over the forecast period. Fluctuation in oil prices has been a major factor responsible for volatility in the prices of Polyvinyl Chloride (PVC), Polyethylene (PE), Polypropylene (PP), and Polystyrene (PS). Capacity expansion and contraction have also contributed to price volatility in the market. In addition, rising overproduction in the Chinese market is expected to impact the raw material price.

Report Coverage

Report Scope Details
Market Size USD 51.3 billion by 2030
Growth Rate CAGR of 9.5% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Rochling Group; Nolato AB; GW Plastics, Inc.; Saint-Gobain Performance Plastics; SABIC; Eastman Chemical Company; Celanese Corp.; Dow, Inc.; Solvay S.A.; Trelleborg Sealing Solutions; Trinseo S.A.

Report Highlights

The medical components segment dominated for the largest revenue share of over 41% in 2020. The growing application scope of PP in the manufacturing of diagnostic devices, trays, pans, containers, syringes, implant trials, and medical cover sheets is expected to drive the demand. Polypropylene is expected to witness substantial growth in medical components application owing to its low weight, high bacterial and chemical resistance, and low cost.

In Europe, PVC is primarily used in the manufacturing of blood storage bags. European Pharmacopoeia has approved the use of PVC for this particular purpose owing to its property to help store blood in a safe condition over a longer duration.

North America region led the global market in 2020 dominating for the largest revenue share of over 36% and is expected to continue its dominance over the forecast period. With the rising per capita health expenditure in the U.S., the demand for medical devices is expected to increase significantly over the coming years.

Rising product demand in pharmaceutical packaging applications and rapid growth of pharmaceutical industries in Mexico and Canada are further expected to drive the regional market. For instance, the elimination of stringent, In addition, rising cases of COVID-19 in the region are expected to result in an increased demand for generic drugs and medical devices, thereby positively influencing the overall market growth.

Key Players

  • Rochling Group
  • Nolato AB
  • GW Plastics, Inc.
  • Saint-Gobain Performance Plastics
  • SABIC
  • Eastman Chemical Company
  • Celanese Corporation
  • Dow Inc.
  • Solvay S.A.
  • Trelleborg Sealing Solutions,
  • Trinseo S.A.

Market Segmentation

  • Application
    • Medical Device Packaging
    • Medical Components
    • Orthopedic Implant Packaging
    • Orthopedic Soft Goods
    • Wound Care
    • Cleanroom Supplies
    • BioPharm Devices
    • Mobility Aids
    • Sterilization & Infection Prevention
    • Tooth Implants
    • Denture Base Material
    • Other Implants
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • Italy
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Medical Plastics Market, By Application

7.1.  Medical Plastics Market, by Application, 2020-2030

7.1.1.    Medical Device Packaging

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Medical Components

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Orthopedic Implant Packaging

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Orthopedic Soft Goods

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Wound Care

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Cleanroom Supplies

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    BioPharm Devices

7.1.7.1.        Market Revenue and Forecast (2017-2030)

7.1.8.    Mobility Aids

7.1.8.1.        Market Revenue and Forecast (2017-2030)

7.1.9.    Sterilization & Infection Prevention

7.1.9.1.        Market Revenue and Forecast (2017-2030)

7.1.10.  Tooth Implants

7.1.10.1.      Market Revenue and Forecast (2017-2030)

7.1.11.  Denture Base Material

7.1.11.1.      Market Revenue and Forecast (2017-2030)

7.1.12.  Other Implants

7.1.12.1.      Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Medical Plastics Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  Rochling Group

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Nolato AB

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  GW Plastics, Inc.

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Saint-Gobain Performance Plastics

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  SABIC

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Eastman Chemical Company

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Celanese Corporation

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Dow Inc.

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

9.9.  Solvay S.A.

9.9.1.    Company Overview

9.9.2.    Product Offerings

9.9.3.    Financial Performance

9.9.4.    Recent Initiatives

9.10.              Trelleborg Sealing Solutions

9.10.1.  Company Overview

9.10.2.  Product Offerings

9.10.3.  Financial Performance

9.10.4.  Recent Initiatives

9.11.              Trinseo S.A.

9.11.1.  Company Overview

9.11.2.  Product Offerings

9.11.3.  Financial Performance

9.11.4.  Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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