Global Medical Plastics Market 2024-2028
The medical plastics market is forecasted to grow by USD 11137.5 mn during 2023-2028, accelerating at a CAGR of 7.08% during the forecast period. The report on the medical plastics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in geriatric population, increasing surgical procedures, and strong demand from developing countries.
Technavio's medical plastics market is segmented as below:
By Automated Production System
- Medical components
- Mobility aids
- Medical device packaging
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Rest of World (ROW)
This study identifies the growing recycling techniques as one of the prime reasons driving the medical plastics market growth during the next few years. Also, geographical expansion by vendors and increasing merger and acquisitions (m and a) will lead to sizable demand in the market.
The report on the medical plastics market covers the following areas:
- Medical plastics market sizing
- Medical plastics market forecast
- Medical plastics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical plastics market vendors that include Avantor Inc., BASF SE, Celanese Corp., Compagnie de Saint Gobain, Covestro AG, Dow Inc., Eastman Chemical Co., Evonik Industries AG, HMC Polymers Co Ltd., Koninklijke DSM NV, Nolato AB, Orthoplastics Ltd., Rochling SE and Co. KG, Saudi Basic Industries Corp., Solvay SA, Tekni Plex Inc., Trelleborg AB, and Trinseo PLC. Also, the medical plastics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.