Europe Medical Plastics Market Size, Share & Trends Analysis Report By Application, By Process Technology (Injection Molding, Extrusion, and Blow Molding & Others), By Product, By Country and Growth Forecast, 2023 - 2030
The Europe Medical Plastics Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 2,154.5 Kilo Tonnes, showcasing a growth of 3.2% (2019-2022).
The growing proportion of the senior population is also driving the development of the medical plastics market. The aging population presents several challenges for healthcare systems. As a result, healthcare systems must adapt to meet the requirements of the aging population, which may require increased resources and specialized care. Medical plastics are often used in devices such as mobility aids, hearing aids, and prosthetic limbs, which are in high demand among the elderly.
The World Health Organization (WHO) projects that by 2030, one in every six individuals will be 60 years of age or older. It is expected that the percentage of individuals aged 60 (and above) will increase from 1 billion in 2020 to 1.4 billion. Worldwide, the population aged 60 (and above) is projected to increase by twofold to 2.1 billion by 2050. The population of individuals aged 80 or older is also projected to triple, amounting to 426 million between 2020 and 2050. WHO also highlights that although the phenomenon of population aging originated in high-income nations, the most significant transformation is currently taking place in low- and middle-income countries.
The demographic phenomenon of population aging is a substantial development in numerous European nations, carrying important ramifications for the economy, healthcare, social services, and labor markets. According to the report titled "Future of an Ageing Population," published by the United Kingdom government, by 2040, roughly one in seven people in the United Kingdom will be over 75. Thus, the aging population in European countries is driving the demand for medical plastics across a wide range of healthcare applications.
The Germany market dominated the Europe Medical Plastics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,446 million by 2030. The UK market is exhibiting a CAGR of 5.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.7% during (2023 - 2030).
Based on Application, the market is segmented into Medical Components, Medical Device Packaging, Orthopedic Soft Goods, Wound Care, Cleanroom Supplies, BioPharma Devices, Mobility Aids, Sterilization & Infection Prevention, Tooth Implants, Denture Base Material and Others. Based on Process Technology, the market is segmented into Injection Molding, Extrusion, and Blow Molding & Others. Based on Product, the market is segmented into Polyphenylsulfone (PPSU), Polypropylene (PP), Polycarbonate (PC), Liquid Crystal Polymer (LCP), Polyethersulfone (PES), Polymethyl Methacrylate (PMMA), Polyethylenimine (PEI), Polyethylene (PE), and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Röchling SE & Co. KG
- Saint-Gobain Group
- SABIC (Saudi Arabian Oil Company)
- Eastman Chemical Company
- Celanese Corporation
- The Dow Chemical Company
- Solvay SA
- Avantor, Inc.
- Trinseo PLC
- Evonik Industries AG (RAG-Stiftung)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Medical Components
- Medical Device Packaging
- Orthopedic Soft Goods
- Wound Care
- Cleanroom Supplies
- BioPharma Devices
- Mobility Aids
- Sterilization & Infection Prevention
- Tooth Implants
- Denture Base Material
- Others
- Injection Molding
- Extrusion
- Blow Molding & Others
- Polyphenylsulfone (PPSU)
- Polypropylene (PP)
- Polycarbonate (PC)
- Liquid Crystal Polymer (LCP)
- Polyethersulfone (PES)
- Polymethyl Methacrylate (PMMA)
- Polyethylenimine (PEI)
- Polyethylene (PE)
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Medical Plastics Market, by Application
- 1.4.2 Europe Medical Plastics Market, by Process Technology
- 1.4.3 Europe Medical Plastics Market, by Product
- 1.4.4 Europe Medical Plastics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2022, Jul – 2024, Jan) Leading Players
- 4.4 Porter’s Five Forces Analysis
- Chapter 5. Europe Medical Plastics Market by Application
- 5.1 Europe Medical Components Market by Country
- 5.2 Europe Medical Device Packaging Market by Country
- 5.3 Europe Orthopedic Soft Goods Market by Country
- 5.4 Europe Wound Care Market by Country
- 5.5 Europe Cleanroom Supplies Market by Country
- 5.6 Europe BioPharma Devices Market by Country
- 5.7 Europe Mobility Aids Market by Country
- 5.8 Europe Sterilization & Infection Prevention Market by Country
- 5.9 Europe Tooth Implants Market by Country
- 5.1 Europe Denture Base Material Market by Country
- 5.11 Europe Others Market by Country
- Chapter 6. Europe Medical Plastics Market by Process Technology
- 6.1 Europe Injection Molding Market by Country
- 6.2 Europe Extrusion Market by Country
- 6.3 Europe Blow Molding & Others Market by Country
- Chapter 7. Europe Medical Plastics Market by Product
- 7.1 Europe Polyphenylsulfone (PPSU) Market by Country
- 7.2 Europe Polypropylene (PP) Market by Country
- 7.3 Europe Polycarbonate (PC) Market by Country
- 7.4 Europe Liquid Crystal Polymer (LCP) Market by Country
- 7.5 Europe Polyethersulfone (PES) Market by Country
- 7.6 Europe Polymethyl Methacrylate (PMMA) Market by Country
- 7.7 Europe Polyethylenimine (PEI) Market by Country
- 7.8 Europe Polyethylene (PE) Market by Country
- 7.9 Europe Others Market by Country
- Chapter 8. Europe Medical Plastics Market by Country
- 8.1 Germany Medical Plastics Market
- 8.1.1 Germany Medical Plastics Market by Application
- 8.1.2 Germany Medical Plastics Market by Process Technology
- 8.1.3 Germany Medical Plastics Market by Product
- 8.2 UK Medical Plastics Market
- 8.2.1 UK Medical Plastics Market by Application
- 8.2.2 UK Medical Plastics Market by Process Technology
- 8.2.3 UK Medical Plastics Market by Product
- 8.3 France Medical Plastics Market
- 8.3.1 France Medical Plastics Market by Application
- 8.3.2 France Medical Plastics Market by Process Technology
- 8.3.3 France Medical Plastics Market by Product
- 8.4 Russia Medical Plastics Market
- 8.4.1 Russia Medical Plastics Market by Application
- 8.4.2 Russia Medical Plastics Market by Process Technology
- 8.4.3 Russia Medical Plastics Market by Product
- 8.5 Spain Medical Plastics Market
- 8.5.1 Spain Medical Plastics Market by Application
- 8.5.2 Spain Medical Plastics Market by Process Technology
- 8.5.3 Spain Medical Plastics Market by Product
- 8.6 Italy Medical Plastics Market
- 8.6.1 Italy Medical Plastics Market by Application
- 8.6.2 Italy Medical Plastics Market by Process Technology
- 8.6.3 Italy Medical Plastics Market by Product
- 8.7 Rest of Europe Medical Plastics Market
- 8.7.1 Rest of Europe Medical Plastics Market by Application
- 8.7.2 Rest of Europe Medical Plastics Market by Process Technology
- 8.7.3 Rest of Europe Medical Plastics Market by Product
- Chapter 9. Company Profiles
- 9.1 Röchling SE & Co. KG
- 9.1.1 Company Overview
- 9.1.2 Recent strategies and developments:
- 9.1.2.1 Acquisition and Mergers:
- 9.1.3 SWOT Analysis
- 9.2 Saint-Gobain Group
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 SABIC (Saudi Arabian Oil Company)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Recent strategies and developments:
- 9.3.4.1 Partnerships, Collaborations, and Agreements:
- 9.3.4.2 Product Launches and Product Expansions:
- 9.3.5 SWOT Analysis
- 9.4 Eastman Chemical Company
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 Celanese Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.5.3 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 The Dow Chemical Company
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.6 SWOT Analysis
- 9.7 Solvay SA
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Product Launches and Product Expansions:
- 9.7.5.3 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 Avantor, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Regional Analysis
- 9.8.4 Recent strategies and developments:
- 9.8.4.1 Partnerships, Collaborations, and Agreements:
- 9.8.4.2 Acquisition and Mergers:
- 9.8.5 SWOT Analysis
- 9.9 Trinseo PLC
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.9.6 SWOT Analysis
- 9.10. Evonik Industries AG (RAG-Stiftung)
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Acquisition and Mergers:
- 9.10.6 SWOT Analysis
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