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Medical Plastics Market Anticipated to Increase at a Cagr of 5%
10 days ago
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Medical Plastics Market Anticipated to Increase at a Cagr of 5%

Global medical plastic sales reached US$ 22 billion in 2022 and are expected to grow at a 5% CAGR through 2026. As a result, the medical plastics market is expected to reach $27 billion by 2026. Between 2022 and 2026, the engineering plastics segment is expected to grow at a faster CAGR of 6%.

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Key Companies Profiled

  • Röchling SE & Co. KG

  • Nolato AB

  • Saint-Gobain Performance Plastics

  • SABIC

  • Orthoplastics Ltd.

  • Eastman Chemical Company

  • Celanese Corporation

  • Dow Inc

  • Tekni-Plex

  • Solvay S.A.

  • HMC Polymers Thailand

  • ARAN BIOMEDICAL TEORANTA

  • Trelleborg AB

  • Avantor Inc

  • Trinseo

  • Evonik Industries AG

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Competitive Landscape

Due to robust distribution networks and a diverse product offering by large and small-scale businesses in rising and developing economies, the global market for medical plastics is fragmented.

The main growth tactics used by market players to increase their regional presence and satisfy the rising demand for medical plastics in emerging nations include new product launches, agreements and collaborations, expansions and investments, and mergers and acquisitions.

Established players are developing new medical supplies through research and development.

Evonik Industries AG recently announced the release of VESTAKEEP iC4800 3DF, an osteoconductive polyether ether ketone (PEEK) filament that would enhance the fusion between bones and implants.

In January 2021, PTA Plastics invested more than US$ 2 Million in buildings and capital equipment. Products made of medical polymers will be employed using these machines and finishing equipment for injection moulding.

Key Segments Covered in Medical Plastics Industry Research

By Type :

  • Standard Plastics

  • Engineering Plastics

  • High Performance Plastics (HPP)

  • Silicone

  • Others

By Application :

  • Medical Device Packaging

  • Medical Components

  • Orthopedic Implant Packaging

  • Orthopedic Soft Goods

  • Wound Care

  • Cleanroom Supplies

  • BioPharm Devices

  • Mobility Aids

  • Sterilization & Infection Prevention

  • Tooth Implants

  • Denture Base Materials

  • Others

By Region :

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia & Oceania

  • MEA

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