Global Medical Plastic Compounds Market by Product (PP, PC, PE, PS, PVC, PU), by Application (Disposables, Implants, Catheters, Drug Delivery System) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2017, the global market for medical plastic compounds was valued at USD 53.32 million. The market is expected to grow at a 5.2% CAGR over the forecast period. Future growth is expected to be influenced by increased awareness about health issues and changes in regulations regarding plastics usage. Growth will be further fueled by the increasing use of disposable and sterilized devices, and the increased shelf-life requirements for medical devices. Over the forecast period, the demand will be driven by increasing prosthetics use and lightweight plastics.

The demand for plastic devices is increasing due to technological advancements and innovations in polymers, as well as evolved decontamination devices. Market growth is expected to be stimulated by the rising demand for polymers in the end-use industry, including disposables and catheters, surgical tools, implants and drug delivery systems.

Polymers have superior properties like surface control, flexibility and strength, lightness, rigidity, easy of fabrication, and the ability withstand prolonged exposure to the human body. There is a growing demand for medical technology in countries like Thailand, India, Japan, Japan and China due to the aging population.

The rising prevalence of chronic diseases such as heart disease, diabetes, arthritis and respiratory diseases, especially among the elderly, will drive the market for medical devices. This in turn is expected to open up new opportunities for market players. The market's growth will be influenced by the growing home healthcare sector and the boom in medical tourism.

Over the past few years, crude oil prices have experienced significant fluctuations. Political instability in the major oil-producing countries like Iran, Venezuela, Nigeria and Libya has adversely affected crude oil supplies, causing inelasticity in the supply and demand balances for polymer raw materials.

Product Insights

PVC accounted for more than 30% of the global medical plastic compounds market in 2015. PVC is a rigid, flexible, or fixed material that is widely used in medical applications. It accounted for more than 30% of the overall market for medical plastic compounds in 2015. The forecast period will see an increase in demand for HTML3_ PVC HTML3_ for the production of disposables, surgical gloves, pressure monitoring, feeding and tubing for dialysis.

Polypropylene's 2015 revenue was more than USD 5 billion. Because of its high chemical and bacterial resistance, polypropylene is used extensively in the heart valve structure, catheters and disposable syringes.

From 2016 to 2025, polycarbonate will grow at 6.1% annual growth rate. Polycarbonate has superior properties such as greater inherent strength, optical clarity and dimensional stability. It also exhibits high heat distortion temperatures. In the healthcare industry, polystyrene is used to make plastic cups and boxes.

Application Insights

In 2015, the disposables market was worth more than USD 10 billion. The increasing use of disposable and sterilized syringes in the healthcare sector in countries such as Germany and India has resulted in a large market share for this segment.

Due to its growing use in the medical industry, where it has a wide range of applications in angiography and cardiac electrophysiology as well as angioplasty, the segment of catheters is expected to grow at a steady CAGR 5.4% between 2016-2025.

Polymers used in the manufacture of implants include polyurethane and polyethylene, Polyethylene Terephthalate(PET), Polymethyl MethacrylateTM (PMMA),, as well as fluoropolymers. Technology such as CAM/CAD dentistry is expected to drive growth in the implants market.

Regional Insights

North America will be the dominant market, accounting for more than 35% of the total market in 2015. The rising incidence of lifestyle diseases, and government initiatives to improve the healthcare sector are driving the regional market.

Device demand is expected to rise due to increased medical tourism, especially in France, the U.K. and Germany. Over the forecast period, industry growth is expected to be driven by increased demand for home healthcare devices and self medication in Europe.

The Asia Pacific healthcare market is expected to increase at a 5.8% CAGR between 2016 and 2025. Homecare health devices will be a key component in reducing hospital stays costs. This will also increase demand for dialysis and diabetes control equipment.

Market Share in Medical Plastic Compounds

GW Plastics, Baxter International, Cyro Industries and Becton & Dickinson are some of the major players in this market. Du Pont; Freudenberg Medical LLC; ExxonMobil Corporation. ; Medplast Inc., Rochling Group; Orthoplastics Limited.; Nolato AB and Saint Gobain Performance Plastics.

Report Scope

The Report Covers Certain Segments

This report forecasts revenue growth and volume at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014-2025. Up Market Research divided the report on global medical plastic compounds market based on product, region, and application.

• Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Polyvinylchloride

  • Polyethylene

  • Polypropylene

  • Polystyrene

  • Polyester

  • Polycarbonate

  • Polyurethane

  • Acrylics

  • Other

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Disposables

  • Catheters

  • Surgical Instruments

  • Medical bags

  • Implants

  • Drug Delivery System

  • Other

• Regional Outlook (Volume of Kilo Tons; Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • CSA

    • Brazil

  • MEA

    • Saudi Arabia

Up Market Research published a new report titled “Medical Plastic Compounds Market research report which is segmented by Product (PP, PC, PE, PS, PVC, PU), by Application (Disposables, Implants, Catheters, Drug Delivery System), By Players/Companies GW Plastics; Baxter International; Cyro Industries; Becton & Dickinson; Dow Chemical; ExxonMobil Corporation; Du Pont; Freudenberg Medical LLC; Medplast Inc; Rochling Group; Orthoplastics Ltd; Nolato AB; and Saint Gobain Performance Plastics”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Medical Plastic Compounds Market Report Segments:

The market is segmented by Product (PP, PC, PE, PS, PVC, PU), by Application (Disposables, Implants, Catheters, Drug Delivery System).

Medical Plastic Compounds Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Medical Plastic Compounds Market

Overview of the regional outlook of the Medical Plastic Compounds Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Medical Plastic Compounds Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Medical Plastic Compounds Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. PP

                2. PC

                3. PE

                4. PS

                5. PVC

                6. PU

                1. Disposables

                2. Implants

                3. Catheters

                4. Drug Delivery System

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Medical Plastic Compounds Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Medical Plastic Compounds Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.