Medical Plastics Market: By Type, Polypropylene, Polycarbonate, Liquid Crystal Polymer, Polyphenylsulfone, Polyethersulfone, Polyethylenimine, Polyethylenimine, Others), By Application, and by Geography
Medical Plastics Market size was valued at US$ 51,064.4 million in 2023 and is expected to grow at a 7.9% CAGR from 2024 to 2030. Medical plastics are the grade of plastics that are resistant to heat and chemicals which are commonly referred to as thermoplastics. The most commonly used medical plastics are polycarbonate, polyethylene, and polypropylene. They are used in the manufacturing of medical devices and other equipment such as surgical tubings.
The increasing investments in healthcare sectors along with the increasing number of geriatric patients are expected to drive the growth of over the forecast period. In addition, the growing trend of in-home treatment in healthcare especially for geriatric patients in Europe, Asia Pacific, and North America region is expected to provide an opportunity for the market key players and new entrants in the growth. In addition, the increasing number of hospital infrastructures, surgeries, and out-patient procedures along with the growing medical tourism in developing countries is expected to boost the market growth over the forecast period.
Furthermore, the growing popularity of medical plastics owing to their versatility the increasing investment in health by the people and changes in people’s lifestyles are expected to further fuel the growth. However, the harmful conditions caused by the various viral infections and environmental concern regarding the disposal of medical plastic is expected to hinder the growth over the forecast years. Whereas on the other side, the cost-effectiveness of medical plastics has resulted in the innovation of disposable inhalation mass, catheters, and other surgical tools which are antimicrobial and decontaminants in nature and are expected to overcome the restraints.
Study Period
2024-2030Base Year
2023CAGR
7.90%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The medical plastics market is expected to grow over the forecast period owing to the increasing demand for healthcare treatments across the globe. The increasing number of hospitals, surgeries, and outpatient procedures is expected to increase the demand for medical plastics and drive the growth of the medical plastics market over the forecast period. For instance, the medical plastics market in the US has been significantly growing due to increasing healthcare activities in the region. In addition, increasing disposable income, and increasing investment in healthcare by the consumer along with growing medical tourism in developing countries are expected to increase the demand for medical plastics over the forecast period.
The North American medical plastics market is expected to have the highest CAGR in the medical plastics market over the forecast year. Well-established healthcare infrastructure along with the increasing trend of in-home treatment for geriatric patients is expected to drive the growth of the medical plastics market in this region. Asia Pacific region is expected to have steady growth in the medical plastics market over the forecast years owing to the increasing demand for medical devices along with the growing use of prosthetics in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 51,064.4 million |
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Market CAGR |
7.90% |
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By Type |
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By Application |
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By Region |
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The global medical plastics market size was valued at US$ 51,064.4 million in 2023 and is projected to grow at a CAGR of 7.9% from 2024-2030.
Increasing demand for healthcare treatments along with the increasing demand for medical devices is expected to drive the growth of the medical plastics market over the forecast period.
The leading players in the global Medical Plastics market are SABIC, Eastman Chemical Company, Orthoplastics Ltd., Celanese Corporation, Dow Inc., Solvay SA, Aran Biomedical Teoranta, Trinseo, HMC Polymers Thailand, Saint-Gobain Performance Plastics, Nolato AB, Evonik Industries AG, Avantor Inc.
Environmental concern regarding the disposal of medical plastics is expected to hold back the growth of the medical plastics market over the forecast period.
| 1. Executive Summary |
| 2. Global Medical Plastics Market Introduction |
| 2.1. Global Medical Plastics Market - Taxonomy |
| 2.2. Global Medical Plastics Market - Definitions |
| 2.2.1. By Type |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3. Global Medical Plastics Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 3.8. USP |
| 3.9. Macro Trends |
| 4. Global Medical Plastics Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Medical Plastics Market By Type , 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Polyethylene (PE) |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polypropylene (PP) |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polycarbonate (PC) |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Liquid Crystal Polymer (LCP) |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Polyphenylsulfone (PPSU) |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Polyethersulfone (PES) |
| 5.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Polyethylenimine (PEI) |
| 5.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Polymethyl Methacrylate (PMMA) |
| 5.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Others |
| 5.9.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6. Global Medical Plastics Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Medical Devices |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Diagnostics & Kits |
| 6.2.1. In-Vitro Diagnostics |
| 6.2.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.1.3. Market Opportunity Analysis |
| 6.2.2. Point-of-Care Diagnostics |
| 6.2.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.2.3. Market Opportunity Analysis |
| 6.3. Others |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Medical Plastics Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.7. Global Medical Plastics Market - Opportunity Analysis Index, By Application, Type, and Region, 2024-2030 |
| 8. North America Medical Plastics Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Polyethylene (PE) |
| 8.1.2. Polypropylene (PP) |
| 8.1.3. Polycarbonate (PC) |
| 8.1.4. Liquid Crystal Polymer (LCP) |
| 8.1.5. Polyphenylsulfone (PPSU) |
| 8.1.6. Polyethersulfone (PES) |
| 8.1.8. Polyethylenimine (PEI) |
| 8.1.8. Polymethyl Methacrylate (PMMA) |
| 8.1.8. Others |
| 8.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Medical Devices |
| 8.2.2. Diagnostics & Kits |
| 8.2.2.1. In-Vitro Diagnostics |
| 8.2.2.2. Point-of-Care Diagnostics |
| 8.2.3. Others |
| 8.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1. United States of America (USA) |
| 8.3.2. Canada |
| 9. Europe Medical Plastics Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Polyethylene (PE) |
| 9.1.2. Polypropylene (PP) |
| 9.1.3. Polycarbonate (PC) |
| 9.1.4. Liquid Crystal Polymer (LCP) |
| 9.1.5. Polyphenylsulfone (PPSU) |
| 9.1.6. Polyethersulfone (PES) |
| 9.1.7. Polyethylenimine (PEI) |
| 9.1.9. Polymethyl Methacrylate (PMMA) |
| 9.1.9. Others |
| 9.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Medical Devices |
| 9.2.2. Diagnostics & Kits |
| 9.2.2.1. In-Vitro Diagnostics |
| 9.2.2.2. Point-of-Care Diagnostics |
| 9.2.3. Others |
| 9.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. France |
| 9.3.3. Italy |
| 9.3.4. United Kingdom (UK) |
| 9.3.5. Spain |
| 9.3.6. Rest of EU |
| 10. Asia Pacific (APAC) Medical Plastics Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Polyethylene (PE) |
| 10.1.2. Polypropylene (PP) |
| 10.1.3. Polycarbonate (PC) |
| 10.1.4. Liquid Crystal Polymer (LCP) |
| 10.1.5. Polyphenylsulfone (PPSU) |
| 10.1.6. Polyethersulfone (PES) |
| 10.1.7. Polyethylenimine (PEI) |
| 10.1.8. Polymethyl Methacrylate (PMMA) |
| 10.1.10. Others |
| 10.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Medical Devices |
| 10.2.2. Diagnostics & Kits |
| 10.2.2.1. In-Vitro Diagnostics |
| 10.2.2.2. Point-of-Care Diagnostics |
| 10.2.3. Others |
| 10.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Australia and New Zealand (ANZ) |
| 10.3.4. Japan |
| 10.3.5. Rest of APAC |
| 11. Middle East and Africa (MEA) Medical Plastics Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Polyethylene (PE) |
| 11.1.2. Polypropylene (PP) |
| 11.1.3. Polycarbonate (PC) |
| 11.1.4. Liquid Crystal Polymer (LCP) |
| 11.1.5. Polyphenylsulfone (PPSU) |
| 11.1.6. Polyethersulfone (PES) |
| 11.1.7. Polyethylenimine (PEI) |
| 11.1.8. Polymethyl Methacrylate (PMMA) |
| 11.1.9. Others |
| 11.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Medical Devices |
| 11.2.2. Diagnostics & Kits |
| 11.2.2.1. In-Vitro Diagnostics |
| 11.2.2.2. Point-of-Care Diagnostics |
| 11.2.3. Others |
| 11.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. GCC Countries |
| 11.3.2. South Africa |
| 11.3.3. Rest of MEA |
| 12. Latin America Medical Plastics Market, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Type Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Polyethylene (PE) |
| 12.1.2. Polypropylene (PP) |
| 12.1.3. Polycarbonate (PC) |
| 12.1.4. Liquid Crystal Polymer (LCP) |
| 12.1.5. Polyphenylsulfone (PPSU) |
| 12.1.6. Polyethersulfone (PES) |
| 12.1.7. Polyethylenimine (PEI) |
| 12.1.8. Polymethyl Methacrylate (PMMA) |
| 12.1.9. Others |
| 12.2. Application Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Medical Devices |
| 12.2.2. Diagnostics & Kits |
| 12.2.2.1. In-Vitro Diagnostics |
| 12.2.2.2. Point-of-Care Diagnostics |
| 12.2.3. Others |
| 12.3. Country Analysis, 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Brazil |
| 12.3.2. Mexico |
| 12.3.3. Rest of LA |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, By Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. BASF |
| 13.2.2. Covestro |
| 13.2.3. Eastman Chemical Company |
| 13.2.4. HMC Polymers |
| 13.2.5. INEOS Styrolution |
| 13.2.6. LyondellBasell |
| 13.2.7. Nolato AB |
| 13.2.8. Orthoplastics Ltd |
| 13.2.9. Röchling SE & Co. KG |
| 13.2.10. SABIC |
| 13.2.11. Saint-Gobain Performance Plastics |
| 13.2.13. Solvay |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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