Medical Plastics Market By Type (Polyethylene (PE), Polypropylene (PP), Polycarbonate (PC), Liquid Crystal Polymer (LCP), Polyphenylsulfone (PPSU), Polyethersulfone (PES), Polyethylenimine (PEI), Polyethylenimine (PEI), Others), By Application (Medical Devices, Diagnostics & Kits, Others), and by Geography 

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Medical Plastics Market was valued at USD 51,064.4 million in 2022 and is expected to grow at a 7.9% CAGR from 2023 to 2029. 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 the medical plastics market 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 medical plastics market key players and new entrants in the growth of the medical plastics market. 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 medical plastics market growth over the forecast period. Furthermore, the growing popularity of medical plastics owing to their versatility along with the increasing investment in health by the people and changes in people’s lifestyles is expected to further fuel the growth of the medical plastics market. 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 of the medical plastics market 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 is expected to overcome the medical plastics market restraints.  

Medical Plastics Market Key Developments:

  • In March 2022, Evonik Industries AG launched VESTAKEEP iC4800 3DF, an osteoconductive polyether ether ketone filament used in bone and implant fusions.

Medical Plastics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.90%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Medical Plastics Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029).
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.

Medical Plastics Market Segmentation

By Type
  • Polyethylene (PE),
  • Polypropylene (PP),
  • Polycarbonate (PC),
  • Liquid Crystal Polymer (LCP),
  • Polyphenylsulfone (PPSU),
  • Polyethersulfone (PES),
  • Polyethylenimine (PEI),
  • Polyethylenimine (PEI),
  • Others
By Application
  •  Medical Devices 
  • Diagnostics & Kits
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

Medical Plastics Market was valued at USD 51,064.4 million in 2022 and is expected to grow at a 7.9% CAGR from 2023 to 2029.

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, 2018-2022 and Forecast 2023-2029
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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 , 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Polyethylene (PE)
5.1.1. Market Analysis, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Medical Devices 
6.1.1. Market Analysis, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast,.2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2023-2029
8. North America Medical Plastics Market, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. Type Analysis, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. Type Analysis, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Type Analysis, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Type Analysis, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Type Analysis, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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, 2018-2022 and Forecast 2023-2029 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
  • SABIC
  • Celanese Corporation
  • Tekni-Plex
  • Saint-Gobain Performance Plastics
  • Eastman Chemical Company
  • Röchling
  • Klöckner Pentaplast
  • Orthoplastics Ltd.
  • GW Plastics, Inc.
  • Exxon Mobil Corporation

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