According to the latest report by IMARC Group, titled “Medical Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited moderate growth during 2015-2020. Medical plastics are single-use polymeric materials formulated by heating and molding temperature-resistant polymers, including polypropylene, polyethylene, and polyvinyl chloride. These plastics are utilized across the healthcare industry in procedural and medical applications on account of their durability, safety, and sterilization properties. Medical plastics are also used in the production of medical equipment and devices, such as surgical tubing, drug delivery and diagnostic instruments.

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The increasing utilization of advanced medical technologies, such as 3D printed implants, and the rising prevalence of chronic diseases and infections are prominently fueling the global medical plastics market growth. It is further supported by the escalating demand for efficient and cost-effective medical equipment. The increasing consciousness regarding personal hygiene amongst people and healthcare specialists amidst the coronavirus disease (COVID-19) pandemic has escalated the demand for high-quality disposable gloves, which is fueling the market growth. Moreover, the market is being positively influenced by rising research and development (R&D) activities by leading players to introduce environmentally sustainable materials and equipment across the globe. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. 

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Arkema SA
  • BASF SE
  • Celanese Corporation
  • Covestro AG
  • Dow Inc
  • DuPont de Nemours Inc
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • SABIC
  • Solvay S.A.
  • The Lubrizol Corporation (Berkshire Hathaway Inc.)
  • Trinseo S.A.

Key Highlights of the Market Segmentation:

Breakup by Material:

  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Engineering Plastics
  • Polyethylene (PE)
  • Polystyrene (PS)
  • Silicones

Breakup by Application:

  • Disposables
  • Drug Delivery Devices
  • Diagnostic Instruments
  • Catheters
  • Surgical Instruments
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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