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Medical Plastics Market: Global Forecast until 2022

  • October 2017
  • 162 pages
  • ID: 5169956
In this report:
The use of plastics in implants is expected to register the highest CAGR of ##.##% between 2017 and 2022, in terms of value, to reach USD ##.## million, by 2022.
The market for medical plastics in Mexico is expected to grow at a CAGR of ##.##% and ##.##% between 2017 and 2022, in terms of volume, and value respectively.

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"Shift towards minimally invasive medical procedures is fueling the medical plastics market."

The market size of medical plastics is forecasted to reach ~$21.1B by 2022, at a compound annual growth rate of 7.30 percent between 2017 and 2022. Medical plastics have are lightweight and cost-effective and possess properties including durability, transparency, barrier properties, and compatibility with other materials. Nevertheless, government control over healthcare costs may restrain the increase of medical plastics, especially in emerging economies.

"Implants is anticipated to be the quickest increasing application segment of the medical plastics market during the estimate period."

An implant is a medical device that is manufactured to replace a missing natural structure, support a damaged biological structure, or enhance an existing biological structure. The surface of the implants that are in contact with the body might be made of a biomedical material including titanium, silicone, or apatite depending on what is most functional. The increase in aging population and technological developments are driving the medical plastics market for implants. The implants segment in Asia-Pac is anticipated to grow at an important rate over the next few years due to developing healthcare infrastructures, growing prevalence of chronic diseases, and increasing disposable income.

"Asia Pacific (APAC) is anticipated to be the quickest increasing market for medical plastics during the outlook period."

Asia-Pac (APAC) is anticipated to be the quickest developing market for medical plastics during the estimate period, due to the rising demand for medical devices from the aging population. Factors driving the rise of the medical plastics market in APAC contain Japan's increasing medical sector, growing aging population, increasing cosmetic and plastic surgeries in India (IN), rising cases of cardiovascular diseases, higher domestic demand, availability of raw materials, and cheap labor. The industry in Asia-Pac is more dynamic and competitive than other regions. These factors are forecast to steer the industry demand for medical plastics in the territory during the outlook period.

The breakdown of primary interviews is presented below:

• By Company category: Tier 1 - 46.0 percent, Tier 2 - 31.0 percent, and Tier 3 - 23.0 percent

• By Description: C-suite - 54.0 percent, D-suite - 31.0 percent, and Others - 15.0 percent

• By Area: North America continent - 23.0 percent, Europe (EU) - 31.0 percent, Asia Pacific (APAC) - 38.0 percent, and rest of the world - 8.0 percent

The analysis also offers company analysis and details competitive strategies approved by main market players including Lubrizol, Ensinger, Celanese, Trinseo, BASF, and Arkema.

Segment Research

The sector is divided on the basis of type, application, and area. This industry report includes the medical plastics market, in terms of quantity and value, and forecasts its market size until 2022. The market research also offers company descriptions and competitive landscape approved by the top players in the medical plastics market. The industry report affords exhaustive information on main Elements such as drivers, industry restraints, possibilities, market-specific challenges, and winning imperatives influencing the increase of the market.

Reasons to Buy the Report

This study will help the industry leaders (and new entrants) in the following points:

1. The document breaks down the medical plastics market comprehensively and offers closest approximations of the revenue for the global market and the sub-segments across several verticals and localities.

2. The analysis benefits partners distinguish the pulse of the sector and offers info on main market drivers, market restraints, alternatives, and opportunities.

3. The market research benefits partners comprehend their players better and acquire additional insights into the business sector. The competitive outlook section includes business developments, new industry product developments, alliances & collaborations, and mergers & acquisitions.

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