Lucintel Forecasts Global Medical Plastics Market to Reach $46.9 billion by 2030.


Posted October 5, 2023 by Lucintel

According to a market report by Lucintel, the future of the global medical plastics market looks promising with opportunities in the medical device packaging, medical component, orthopedic implant packaging, orthopedic soft good,

 
According to a market report by Lucintel, the future of the global medical plastics market looks promising with opportunities in the medical device packaging, medical component, orthopedic implant packaging, orthopedic soft good, wound care, cleanroom supplies, biopharm device, and mobility aids markets. The global medical plastics market is expected to reach an estimated $46.9 billion by 2030 with a CAGR of 5.1% from 2024 to 2030.
The major drivers for this market are growing demand for advanced medical technology and devices, rising healthcare investments in the developing countries, and increasing inclination towards minimally invasive medical procedures.
A more than 150 – page report is developed to understand trends, opportunity and forecast in medical plastics to 2030 by product (polyethylene (PE), polypropylene (PP), polycarbonate (PC),liquid crystal polymer (LCP), polyphenylsulfone (PPSU), polyethersulfone (PES), polyethylenimine (PEI), polymethyl methacrylate (PMMA), and others), application (medical device packaging, medical components, orthopedic implant packaging, orthopedic soft goods, wound care, cleanroom supplies, biopharm devices, mobility aids, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, polyethylene (PE), polypropylene (PP), polycarbonate (PC), liquid crystal polymer (LCP), polyphenylsulfone (PPSU), polyethersulfone (PES), polyethylenimine (PEI), and polymethyl methacrylate (PMMA) are the major segments of medical plastics market by product.
Lucintel forecasts that polyphenylsulfone will remain the largest segment over the forecast period because it ensures good heat and chemical resistance thus making it ideal for the replacement of metals in medical applications.

Within this market, medical components will remain the largest segment due to the growing usage of PP in the manufacturing of diagnostic devices, trays, pans, containers, syringes, implant trials, and medical cover sheets.
APAC is expected to witness highest growth over the forecast period due to the robust digitization in the healthcare ecosystem and increasing awareness towards medical plastics.
Röchling, Nolato, Saint-Gobain, SABIC, Orthoplastics, Eastman Chemical, Celanese Corporation, Dow, Tekni-Plex, and Solvay are the major suppliers in the medical plastics market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
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Issued By Lucintel
Country United States
Categories Business
Tags medical plastics market
Last Updated October 5, 2023