Lucintel Forecasts The Global Medical Plastics Market To Reach $36 Billion By 2030

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According to a market report by Lucintel, the future of the global medical plastics market looks promising with opportunities in the medical device market. The global medical plastics market is expected to reach an estimated $36 billion by 2030 from $28 billion in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are increasing demand for development of patient-specific implants and 3D printed devices, increasing adoption of medical polymers due to low prices and versatility, growing healthcare investments in emerging economies, and increasing use of home healthcare and self-medication.
A more than 150 page report to understand trends, opportunity and forecast in medical plastics market to 2030 by technology (polyvinyl chloride, polyethylene, polypropylene, engineering plastics, polystyrene, polyester, polycarbonate, polyurethane, and acrylics), application (disposables, drug delivery system, diagnostic instruments, surgical instruments, catheters, medical bags, and implants), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that polyvinyl chloride ...
... will remain the largest segment over the forecast period as it is easily sterilized and re-used with steam, ethylene oxide, and radiation.
Within this market, disposables will remain the largest application over the forecast period due to developing prominence of the medical devices such as hypodermic needles and cleaning gloves.
Download sample by clicking on medical plastics market
North America will remain the largest region over the forecast period and APAC is expected to witness the highest growth over the forecast period due to robust growth of the medical industry coupled with rising healthcare expenditure.
Solvay, BASF SE, Covestro AG, Evonik Industries AG, Dow Chemical Corporation 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 helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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