Medical Plastics Market to Reach $33.51 billion by 2025
From prosthetic parts to heart valves, syringes, gloves, surgical equipment, and MRI casings, plastics have played a huge role in revolutionizing the medical industry. They have time and again proven to meet the advancements of the medical industry and adapt to its dynamic nature. For instance, plastics are used to produce numerous disposable medical devices that thrive in mitigating contamination. The sterility accompanied by cost-effectiveness and performance is significantly contributing to the growth of the market.
According to a research study, the global medical plastics market is anticipated to reach $33.51 billion at a CAGR of 6.1% by 2025. The market is segmented by applications and types. Listed below is the market divided into types.
- Engineering plastics
- Polyethylene
- Silicon
- Polypropylene
- PVC
Due to the multipurpose nature and chemical solidity, the PVC sector is predicted to be the biggest segment in the upcoming years. The polyethylene segment is also anticipated to grow owing to its demand in orthopedic sutures, surgical cables, and tubing. Another reason for market growth is the rising need to upgrade to various infection prevention standards combined with the hospital, surgical and outpatient procedures.
There has been a rising demand for medical equipment with a better shelf life and disposable sterilized instruments. Furthermore, the increasing need for advanced prosthetic and non-magnetic instruments around devices like the MRI are driving the market. The rising need for medical devices at economical prices is also fueling market growth. The market is also witnessing a noteworthy boost due to an increasing number of insured individuals.
Moving onto the application, the global market is divided into implants, syringes, diagnostic instruments, catheters, and disposables. Due to the growing demand for medical instruments such as cleaning gloves, dialysis disposables, and disposable enemas, the disposable segment is bound to witness a substantial boost in the next few years.
The North American market is expected to witness a market surge owing to the rising number of insured people and the growing demand for medical devices. The Asia-Pacific region, on the other hand, is anticipated to dominate the market. This is owing to the early analysis and treatment of illnesses accompanied by developing technologies to create improved medical equipment.
If you are in the medical plastic industry, then Plastivision is a great platform for you to showcase your product range and network with industry professionals. Book your booth today!
Leave a Reply Cancel reply
Recent Posts
- Exploring The Impact of Digitalisation In The Plastics Industry
- Aiming for Sustainable Construction with Plastics
- Exploring Innovation In The Plastic Manufacturing Process
- Exploring The Role Of Plastics In The Healthcare Industry
- Understanding The Value Of Design and Engineering In The Plastics Industry
Categories
- 3D Printing
- AIPMA
- Automation
- Automobile Sector
- Bio Plastics
- Environment
- Innovations In Recycling
- Latest Innovations
- Molds & Dies
- News
- Packaging Industry
- Plastic
- Plastic Application
- Plastic Industry
- Plastic Market
- Plastic Myths
- Plastic News From The World
- Plastic Packaging
- Plastic Products
- Plastic Recycling
- Plastic Solar Cells
- Plastic Waste
- Plastic World
- Plastics
- Plastics And Their Applications
- Plastics In Agriculture
- Plastics In Healthcare
- Plastics In Medical Industry
- Plasticulture
- Processing Machinery
- Recycling Machines
- Robotics
- Uncategorized
- Virtual Reality
Archives
- September 2023 (3)
- August 2023 (3)
- July 2023 (3)
- June 2023 (3)
- May 2023 (2)
- April 2023 (2)
- March 2023 (2)
- February 2023 (2)
- January 2023 (2)
- December 2022 (3)
- November 2022 (1)
- October 2022 (1)
- September 2022 (2)
- August 2022 (1)
- July 2022 (3)
- May 2022 (3)
- March 2022 (2)
- February 2022 (1)
- January 2022 (1)
- September 2021 (2)
- August 2021 (3)
- July 2021 (4)
- June 2021 (4)
- May 2021 (3)
- April 2021 (2)
- March 2021 (4)
- November 2019 (8)
- October 2019 (8)
- September 2019 (8)
- August 2019 (8)
- July 2019 (8)
- June 2019 (8)
- May 2019 (8)
- April 2019 (8)
- March 2019 (8)
- February 2019 (12)
- January 2019 (8)
- December 2018 (8)
- November 2018 (12)
- October 2018 (12)