Medical Plastics Market Research Report - Global Forecast till 2027

Global Medical Plastics Market: Information by Type (Polyvinyl Chloride (PVC), Polypropylene (PP), Engineering Plastics, Polyethylene (PE), Polystyrene (PS), Silicones, and Other), Application (Disposables, Drug Delivery Devices, Diagnostic Instruments, Catheters, Surgical Instruments, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2027

ID: MRFR/CnM/3393-HCR | February 2021 | Region: Global | 137 pages

Please note that the assessment period of report has been updated from 2018-2025 to 2020-2027. Cordially fill the sample form for updated data.

The global medical plastic market was valued at USD 22.34 billion in 2018 and is expected to register a CAGR of around 5.9% during the forecast period, 2019–2025. Medical plastics are polymers made from polyvinyl chloride (PVC), polypropylene (PP), polyethylene(PE), etc., which are resistant to temperature, chemicals, and corrosion. These plastics are transforming the healthcare industry owing to properties such as versatility, easy sterilization, greater safety, and durability.  Additionally, these plastics are environmentally friendly and cost-efficient. Hence, medical plastics are commonly used for making disposables products, drug delivery devices, and diagnostic instruments. Furthermore, the high investment in the healthcare sector due to increasing concern among individuals for their health and hygiene has been the foremost reason for the propelling growth of the medical plastics during the forecast period.

Global Medical Plastics Market Share, by Application, 2018 (%) Source: MRFR Analysis medical plastics
Segmentation
The global medical plastics market has been bifurcated into type, application, and region. By type, the global plastics market has been categorized as polyvinyl chloride (PVC), polypropylene (PP), engineering plastics, polyethylene (PE), polystyrene (PS), silicones, and others. Among which PP holds the largest market share and expected to witness the fastest growth during the forecast period. This is owing to PP being the most neutral plastic over others in the segment consisting only carbon and hydrogen. It is followed by PVC, which can be easily sterilized and re-used with steam, ethylene oxide, and radiation, but its usage is falling due to safety risk and environmental issues. Based on application, the global medical plastics market has been segregated into disposables, drug delivery devices, diagnostic instruments, catheters, surgical instruments, and others. Among which the disposable segment accounts for the significant market share owing to the developing prominence of the medical devices such as hypodermic needles, cleaning gloves, and disposable enemas bags.

Regional Analysis
The global medical plastics market has been categorized as five regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-pacific is expected to be the largest and the fastest-growing region in the global medical plastics market during the review period. The countries such as China and India are investing in their healthcare sector, which is attributed to the increase in population, GDP growth has improved the living standard of the individuals and awareness about early diagnosis and treatment. Furthermore, a high number of geriatric population in the region is adding to the overall growth of medical plastics in the regional market. North America holds the second-largest share in the global medical plastics market owing to the stringent government policies over usage of plastic in different segments, the medical sector in the region is shifting towards the disposable plastics as they have a high use in the field with applications in product such as surgical cables, tubing, orthopedic sutures, inhalation masks, catheters, among others. Moreover, high investment in the R&D sector, innovating in medical plastics for more considerable aids to the healthcare industry. For instance, researchers are working on temporary artificial hearts, dummy organs for practice procedures. Hence, fueling the overall growth of the global medical plastic in the regional market. Europe has a prominent share in the global medical plastic market attributing to the fact that the healthcare sector is improvising continuously for improving the quality of life of the amputees and making their life more comfortable and easier. Medical plastic can be personalized from the process like injection molding, which plays a crucial role in the generation of prosthetics, also making them durable and lightweight. The Middle East & Africa is expected to witness steady growth in the global medical plastic market because of high private sector investment in the healthcare industry and increasing reforms such as mandatory insurance. The global medical plastic market in Latin America is growing at a gradual rate with its growing healthcare industry.  

Key Players
Some of the prominent players in the field of global medical plastic market are Exxon Mobil Corporation (US), BASF SE (Germany), DuPont de Nemours, Inc. (US), Evonik Industries AG (Germany), Celanese Corporation (US), Covestro AG (Germany), Solvay (Belgium), The Lubrizol Corporation (US), Röchling Group (Germany), Tekni-Plex (US), Eastman Chemical Company (US), Saint-Gobain Performance Plastics (France), Trinseo (US), Ensinger (Germany), and Fortune Medical Plastic Products Company (China).

Intended Audience:


  • Medical plastic producers

  • Medical equipment producers

  • Healthcare sector

  • R&D sectors

  • Traders and distributors of plastics

  • Raw material suppliers

  • Potential investors



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   5.9%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Exxon Mobil Corporation (US), BASF SE (Germany), DuPont de Nemours, Inc. (US), Evonik Industries AG (Germany), Celanese Corporation (US), Covestro AG (Germany), Solvay (Belgium), The Lubrizol Corporation (US), Röchling Group (Germany), Tekni-Plex (US), Eastman Chemical Company (US), Saint-Gobain Performance Plastics (France), Trinseo (US), Ensinger (Germany), and Fortune Medical Plastic Products Company (China)
  Key Market Opportunities   Advancing research & development of product in the market has propelled regions to witness a significant growth.
  Key Market Drivers

  • Growing consumption of medical devices.
  • Rising demand for Medical Plastics Market in various applications.


  • Frequently Asked Questions (FAQ) :


    The global medical plastics market was valued at USD 22.34 billion in 2018.

    The global medical plastics market is expected to exhibit a strong 5.9% over the forecast period from 2019 to 2025.

    The leading end uses of medical plastics are in disposables, drug delivery devices, and diagnostics.

    Asia Pacific is expected to be the largest and fastest growing market for medical plastics due to steady growth of the healthcare sector in India, China, and other emerging countries in the region.

    Leading players in the medical plastics market include ExxonMobil, BASF SE, DuPont, Evonik, Celanese Corporation, Covestro, Solvay, Lubrizol, and Eastman Chemical.


    TABLE OF CONTENTS

    1 Executive Summary

    2 Market Introduction

    2.1 Market Definition

    2.2 Scope of the Study

    2.3 List of Assumptions

    2.4 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    3.5 Forecast Model

    4 Market Dynamics of the Global Medical Plastics Market

    4.1 Introduction

    4.2 Drivers

    4.3 Restraints

    4.4 Opportunities

    4.5 Challenges

    4.6 Trends/Technology

    5 Market Factor Analysis of the Global Medical Plastics Market

    5.1 Supply Chain Analysis

    5.1.1 Raw Material Suppliers

    5.1.2 Manufacturers/Producers

    5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

    5.1.4 End User

    5.2 Porter’s Five Forces Analysis

    5.2.1 Threat of New Entrants

    5.2.2 Bargaining Power of Buyers

    5.2.3 Bargaining Power of Suppliers

    5.2.4 Threat of Substitutes

    5.2.5 Intensity of Competitive Rivalry

    6. Global Medical Plastics Market, by Type

    6.1 Introduction

    6.2 Polyvinyl Chloride (PVC)

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast, by Region, 2020-2027

    6.3 Polypropylene (PP)

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast, by Region, 2020-2027

    6.4 Engineering Plastics

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.4.2 Market Estimates & Forecast, by Region, 2020-2027

    6.5 Polystyrene (PS)

    6.5.1 Market Estimates & Forecast, 2020-2027

    6.5.2 Market Estimates & Forecast, by Region, 2020-2027

    6.6 Polyethylene (PE)

    6.6.1 Market Estimates & Forecast, 2020-2027

    6.6.2 Market Estimates & Forecast, by Region, 2020-2027

    6.7 Silicones

    6.7.1 Market Estimates & Forecast, 2020-2027

    6.7.2 Market Estimates & Forecast, by Region, 2020-2027

    6.8 Others

    6.8.1 Market Estimates & Forecast, 2020-2027

    6.8.2 Market Estimates & Forecast, by Region, 2020-2027

    7. Global Medical Plastics Market, by Application

    7.1 Introduction

    7.2 Disposables

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast, by Region, 2020-2027

    7.3 Drug Delivery Devices

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast, by Region, 2020-2027

    7.4 Diagnostic Instruments

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast, by Region, 2020-2027

    7.5 Surgical Instruments

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast, by Region, 2020-2027

    7.6 Catheters

    7.6.1 Market Estimates & Forecast, 2020-2027

    7.6.2 Market Estimates & Forecast, by Region, 2020-2027

    7.7 Others

    7.7.1 Market Estimates & Forecast, 2020-2027

    7.7.2 Market Estimates & Forecast, by Region, 2020-2027

    8. Global Medical Plastics Market, by Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast, by Type, 2020-2027

    8.2.3 Market Estimates & Forecast, by Application, 2020-2027

    8.2.4 US

    8.2.4.1 Market Estimates & Forecast, 2020-2027

    8.2.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.2.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.2.5 Canada

    8.2.5.1 Market Estimates & Forecast, 2020-2027

    8.2.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.4 Germany

    8.3.4.1 Market Estimates & Forecast, 2020-2027

    8.3.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.5 France

    8.3.5.1 Market Estimates & Forecast, 2020-2027

    8.3.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.6 Italy

    8.3.6.1 Market Estimates & Forecast, 2020-2027

    8.3.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.7 Spain

    8.3.7.1 Market Estimates & Forecast, 2020-2027

    8.3.7.2 Market Estimates & Forecast, by Type,2020-2027

    8.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.8 UK

    8.3.8.1 Market Estimates & Forecast, 2020-2027

    8.3.8.2 Market Estimates & Forecast, by Type,2020-2027

    8.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.9 Russia

    8.3.9.1 Market Estimates & Forecast, 2020-2027

    8.3.9.2 Market Estimates & Forecast, by Type,2020-2027

    8.3.9.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.10 Poland

    8.3.10.1 Market Estimates & Forecast, 2020-2027

    8.3.10.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.10.3 Market Estimates & Forecast, by Application, 2020-2027

    8.3.11 Rest of Europe

    8.3.11.1 Market Estimates & Forecast, 2020-2027

    8.3.11.2 Market Estimates & Forecast, by Type, 2020-2027

    8.3.11.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4 Asia-Pacific

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.4 China

    8.4.4.1 Market Estimates & Forecast, 2020-2027

    8.4.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.5 India

    8.4.5.1 Market Estimates & Forecast, 2020-2027

    8.4.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.6 Japan

    8.4.6.1 Market Estimates & Forecast, 2020-2027

    8.4.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.7 Australia & New Zealand

    8.4.7.1 Market Estimates & Forecast, 2020-2027

    8.4.7.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

    8.4.8 Rest of Asia-Pacific

    8.4.8.1 Market Estimates & Forecast, 2020-2027

    8.4.8.2 Market Estimates & Forecast, by Type, 2020-2027

    8.4.8.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5 Middle East & Africa

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.4 GCC

    8.5.4.1 Market Estimates & Forecast, 2020-2027

    8.5.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.5 Israel

    8.5.5.1 Market Estimates & Forecast, 2020-2027

    8.5.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.6 North Africa

    8.5.6.1 Market Estimates & Forecast, 2020-2027

    8.5.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.7 Turkey

    8.5.7.1 Market Estimates & Forecast, 2020-2027

    8.5.7.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.7.3 Market Estimates & Forecast, by Application, 2020-2027

    8.5.8 Rest of Middle East & Africa

    8.5.8.1 Market Estimates & Forecast, 2020-2027

    8.5.8.2 Market Estimates & Forecast, by Type, 2020-2027

    8.5.8.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6 Latin America

    8.6.1 Market Estimates & Forecast, 2020-2027

    8.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6.4 Brazil

    8.6.4.1 Market Estimates & Forecast, 2020-2027

    8.6.4.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.4.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6.5 Argentina

    8.6.5.1 Market Estimates & Forecast, 2020-2027

    8.6.5.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.5.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6.6 Mexico

    8.6.6.1 Market Estimates & Forecast, 2020-2027

    8.6.6.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.6.3 Market Estimates & Forecast, by Application, 2020-2027

    8.6.7 Rest of Latin America

    8.6.7.1 Market Estimates & Forecast, 2020-2027

    8.6.7.2 Market Estimates & Forecast, by Type, 2020-2027

    8.6.7.3 Market Estimates & Forecast, by Application, 2020-2027

    9. Company Landscape

    9.1 Introduction

    9.2 Market Strategy

    9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

    10. Company Profiles

    10.1 Exxon Mobil Corporation

    10.1.1 Company Overview

    10.1.2 Financial Updates

    10.1.3 Product/Business Segment Overview

    10.1.4 Strategy

    10.1.5 Key Developments

    10.1.6 SWOT Analysis

    10.2 BASF SE

    10.2.1 Company Overview

    10.2.2 Financial Updates

    10.2.3 Product/Business Segment Overview

    10.2.4 Strategy

    10.2.5 Key Developments

    10.2.6 SWOT Analysis

    10.3 DuPont de Nemours, Inc.

    10.3.1 Company Overview

    10.3.2 Financial Updates

    10.3.3 Product/Business Segment Overview

    10.3.4 Strategy

    10.3.5 Key Developments

    10.3.6 SWOT Analysis

    10.4 Evonik Industries AG

    10.4.1 Company Overview

    10.4.2 Financial Updates

    10.4.3 Product/Business Segment Overview

    10.4.4 Strategy

    10.4.5 Key Developments

    10.4.6 SWOT Analysis

    10.5 Celanese Corporation

    10.5.1 Company Overview

    10.5.2 Financial Updates

    10.5.3 Product/Business Segment Overview

    10.5.4 Strategy

    10.5.5 Key Developments

    10.5.6 SWOT Analysis

    10.6 Covestro AG

    10.6.1 Company Overview

    10.6.2 Financial Updates

    10.6.3 Product/Business Segment Overview

    10.6.4 Strategy

    10.6.5 Key Developments

    10.6.6 SWOT Analysis

    10.7 Solvay

    10.7.1 Company Overview

    10.7.2 Financial Updates

    10.7.3 Product/Business Segment Overview

    10.7.4 Strategy

    10.7.5 Key Developments

    10.7.6 SWOT Analysis

    10.8 Röchling Group

    10.8.1 Company Overview

    10.8.2 Financial Updates

    10.8.3 Product/Business Segment Overview

    10.8.4 Strategy

    10.8.5 Key Developments

    10.8.6 SWOT Analysis

    10.9 The Lubrizol Corporation

    10.9.1 Company Overview

    10.9.2 Financial Updates

    10.9.3 Product/Business Segment Overview

    10.9.4 Strategy

    10.9.5 Key Developments

    10.9.6 SWOT Analysis

    10.10 Tekni-Plex

    10.10.1 Company Overview

    10.10.2 Financial Updates

    10.10.3 Product/Business Segment Overview

    10.10.4 Strategy

    10.10.5 Key Developments

    10.10.6 SWOT Analysis

    10.11 Eastman Chemical Company

    10.11.1 Company Overview

    10.11.2 Financial Updates

    10.11.3 Product/Business Segment Overview

    10.11.4 Strategy

    10.11.5 Key Developments

    10.11.6 SWOT Analysis

    10.12 Saint-Gobain Performance Plastics

    10.12.1 Company Overview

    10.12.2 Financial Updates

    10.12.3 Product/Business Segment Overview

    10.12.4 Strategy

    10.12.5 Key Developments

    10.12.6 SWOT Analysis

    10.13 Trinseo

    10.13.1 Company Overview

    10.13.2 Financial Updates

    10.13.3 Product/Business Segment Overview

    10.13.4 Strategy

    10.13.5 Key Developments

    10.13.6 SWOT Analysis

    10.14 Ensinger

    10.14.1 Company Overview

    10.14.2 Financial Updates

    10.14.3 Product/Business Segment Overview

    10.14.4 Strategy

    10.14.5 Key Developments

    10.14.6 SWOT Analysis

    10.15 Fortune Medical Plastic Products Company

    10.15.1 Company Overview

    10.15.2 Financial Updates

    10.15.3 Product/Business Segment Overview

    10.15.4 Strategy

    10.15.5 Key Developments

    10.15.6 SWOT Analysis

    11. Conclusion

    LIST OF TABLES


    Table 1 Global Medical Plastics Market: by Region, 2020-2027

    Table 2 North America: Medical Plastics Market, by Country, 2020-2027

    Table 3 Europe: Medical Plastics Market, by Country, 2020-2027

    Table 4 Asia-Pacific: Medical Plastics Market. by Country, 2020-2027

    Table 5 Middle East & Africa: Medical Plastics Market, by Country, 2020-2027

    Table 6 Latin America: Medical Plastics Market, by Country, 2020-2027

    Table 7 Global Medical Plastics Type Market, by Regions, 2020-2027

    Table 8 North America: Medical Plastics Type Market, by Country, 2020-2027

    Table 9 Europe: Medical Plastics Type Market, by Country, 2020-2027

    Table10 Asia-Pacific: Medical Plastics Type Market, by Country, 2020-2027

    Table11 Middle East & Africa: Medical Plastics Type Market, by Country, 2020-2027

    Table12 Latin America: Medical Plastics Type Market, by Country, 2020-2027

    Table 13 Global Medical Plastics Application Market, by Regions, 2020-2027

    Table14 North America: Medical Plastics Application Market, by Country, 2020-2027

    Table15 Europe: Medical Plastics Application Market, by Country, 2020-2027

    Table16 Asia-Pacific: Medical Plastics Application Market, by Country, 2020-2027

    Table17 Middle East & Africa: Medical Plastics Application Market, by Country, 2020-2027

    Table18 Latin America: Medical Plastics by Application Market, by Country, 2020-2027

    Table19 Global Type Market, by Region, 2020-2027

    Table20 Global Application Market, by Region, 2020-2027

    Table21 North America: Medical Plastics Market, by Country, 2020-2027

    Table22 North America: Medical Plastics Market, by Type, 2020-2027

    Table23 North America: Medical Plastics Market, by Application, 2020-2027

    Table24 Europe: Medical Plastics Market, by Country, 2020-2027

    Table25 Europe: Medical Plastics Market, by Type, 2020-2027

    Table26 Europe: Medical Plastics Market, by Application, 2020-2027

    Table27 Asia-Pacific: Medical Plastics Market, by Country, 2020-2027

    Table28 Asia-Pacific: Medical Plastics Market, by Type, 2020-2027

    Table29 Asia-Pacific: Medical Plastics Market, by Application, 2020-2027

    Table30 Middle East & Africa: Medical Plastics Market, by Country, 2020-2027

    Table31 Middle East & Africa: Medical Plastics Market, by Type, 2020-2027

    Table32 Middle East & Africa: Medical Plastics Market, by Application, 2020-2027

    Table33 Latin America: Medical Plastics Market, by Country, 2020-2027

    Table34 Latin America: Medical Plastics Market, by Type, 2020-2027

    Table35 Latin America: Medical Plastics Market, by Application, 2020-2027

    LIST OF FIGURES

    FIGURE 1 Global Medical Plastics Market Segmentation

    FIGURE 2 Forecast Research Methodology

    FIGURE 3 Five Forces Analysis of Global Medical Plastics Market

    FIGURE 4 Value Chain of Global Medical Plastics Market

    FIGURE 5 Share of Global Medical Plastics Market in 2020, by Country

    FIGURE 6 Global Medical Plastics Market, 2020-2027,

    FIGURE 7 Global Medical Plastics Market Size, by Type, 2020

    FIGURE 8 Share of Global Medical Plastics Market, by Type, 2020-2027

    FIGURE 9 Global Medical Plastics Market Size, by Application, 2020

    FIGURE10 Share of Global Medical Plastics Market, by Application, 2020-2027