HOME Top Market Reports Medical Plastics Market by Type (PVC, PP, Engg Plastics, PE, PS, Silicones & Others), by Application (Implants, Disposables, Drug delivery devices, Syringes, Diagnostic instruments, Surgical instruments, Catheters, & Others) and by Region - Forecast to 2020

Medical Plastics Market by Type (PVC, PP, Engg Plastics, PE, PS, Silicones & Others), by Application (Implants, Disposables, Drug delivery devices, Syringes, Diagnostic instruments, Surgical instruments, Catheters, & Others) and by Region - Forecast to 2020

By: marketsandmarkets.com
Publishing Date: November 2015
Report Code: CH 3892

 

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The global medical plastics market was worth USD 4,644.46 Million in 2014, registering a CAGR of 7.12% between 2015 and 2020. In our study, 2013 has been considered as the historical year and 2014 as the base year for estimating market size of medical plastics. Medical plastics are widely used in the manufacture and assembly of medical devices and products.

Different secondary sources such as company websites, encyclopedia, directories, and databases have been used to identify and collect information that is useful for this extensive commercial study of the global market. The primary sources, which include experts from related industries, have been interviewed to verify and collect critical information as well as to assess the future prospects of the medical plastics market. The top-down approach has been implemented to validate the market size in terms of value and volume. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

Medical Plastics Market

The medical plastics market has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end users, and government organizations. The major raw material suppliers are Evonik (Germany), DuPont (U.S.), and Eastman (U.S.) that supply raw material such as polyvinyl chloride, polypropylene, engineering plastics, and additives to the medical plastics manufacturers such as Phillips-Medisize Corporation (U.S.), Freudenberg Medical (U.S.), Nolato AB (Sweden), Roechling Engineering Plastics (Germany), among others.

This study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments. These stakeholders include the medical plastics manufacturers such as the West Pharmaceutical Services, Inc. (U.S.), Parker Hannifin Corporation (U.S.), MedPlast Inc. (U.S.), and GW Plastics (U.S.), among others.

Scope of the Report:

This research report categorizes the medical plastics market on the basis of type, application, and region and forecasts revenue growth and analysis of trends in each of the submarkets.

On the Basis of Type: The market is segmented on the basis of type, such as, polyvinyl chloride, polypropylene, polyethylene, polystyrene, silicones, engineering plastics, and others. Each type is further described in detail in the report with value and volume forecasts till 2020.

On the Basis of Application: The medical plastics market is segmented on the basis of applications that include syringes, medical bags, catheters, surgical instruments, diagnostic instruments, dental tools, ligatures, implants, drug delivery devices, and others. Each application segment is further described in detail in the report with value and volume forecasts till 2020.

On the Basis of Region: The market is segmented by region as Asia-Pacific, North America, Europe, and RoW. Each region is further segmented by key countries such as China, Japan, India, the U.S., Mexico, Canada, Germany, France, the U.K., Italy, Brazil, and Argentina.

Available Customizations: The following customization options are available in the report:

  1. Country-level, by form, analysis and forecast

Analysis of medical plastics, by form market at country-level of every region

  1. Company Information

Analysis and profiling of additional global as well as regional market players (Up to 3)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Report
    1.1 Years Considered in the Report
    1.2 Currency
    1.3 Limitations
    1.4 Stakeholders

2 Research Methodology (Page No. - 18)
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
                    2.2.1.1 Bottom-Up Approach
                    2.2.1.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Medical Plastics Market
    4.2 Medical Plastics Market By Type
    4.3 Medical Plastics Market By Application
    4.4 Medical Plastics Market By Region
    4.5 Medical Plastics Market in Asia-Pacific
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Medical Plastics Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By Region
    5.3 Medical Plastics Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Aging Population Increasing the Demand for Existing and New Medical Technologies
                    5.3.1.2 Growing Awareness About Healthcare Issues
                    5.3.1.3 Rising Usage of Home Healthcare and Self-Medication
                    5.3.1.4 Government Initiatives to Provide Quality Healthcare Facilities
           5.3.2 Restraints
                    5.3.2.1 Governmental Control Over Healthcare Costs
                    5.3.2.2 Significant Investment and Time Required for Product Development
           5.3.3 Opportunities
                    5.3.3.1 Emerging Markets
                    5.3.3.2 Innovation and Customization of Polymers
                    5.3.3.3 Plastics Increasingly Replacing Metals
           5.3.4 Challenges
                    5.3.4.1 Waste Management Concerns
                    5.3.4.2 Stringent and Time-Consuming Regulatory Policies
                    5.3.4.3 Inadequate Training for Healthcare Staffs

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of Substitutes
           6.3.4 Threat of New Entrants
           6.3.5 Intensity of Rivalry

7 Medical Plastics Market, by Type (Page No. - 58)
    7.1 Introduction
    7.2 Polyvinyl Chloride
    7.3 Polypropylene
    7.4 Polyethylene
    7.5 Polystryene
    7.6 Silicones
    7.7 Engineering Plastics
    7.8 Others

8 Medical Plastics Market, by Application (Page No. - 74)
    8.1 Introduction
    8.2 Disposables
    8.3 Medical Bags
    8.4 Catheters
    8.5 Syringes
    8.6 Implants
    8.7 Surgical Instruments
    8.8 Diagnostic Instruments
    8.9 Dental Tools
    8.10 Drug Delivery Devices
    8.11 Others

9 Medical Plastics Market, by Region (Page No. - 93)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 U.K.
           9.3.3 France
           9.3.4 Italy
           9.3.5 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Others
    9.5 RoW
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Others

10 Competitive Landscape (Page No. - 150)
     10.1 Overview
     10.2 Medical Plastics Products Market: Development Analysis
     10.3 Competitive Situations & Trends
              10.3.1 Acquisitions
              10.3.2 Expansions
              10.3.3 Collaborations
              10.3.4 New Product Launches

11 Company Profiles (Page No. - 158)
     11.1 Introduction
     11.2 Röchling Group
              11.2.1 Business Overview
              11.2.2 Products Offered
              11.2.3 Recent Developments
              11.2.4 SWOT Analysis
              11.2.5 MnM View
     11.3 Freudenberg Medical, Llc.
              11.3.1 Business Overview
              11.3.2 Products Offered
              11.3.3 Recent Development
              11.3.4 SWOT Analysis
              11.3.5 MnM View
     11.4 Nolato AB
              11.4.1 Business Overview
              11.4.2 Products Offered
              11.4.3 Recent Developments
     11.5 GW Plastics
              11.5.1 Business Overview
              11.5.2 Products Offered
              11.5.3 Recent Developments
     11.6 Medplast Inc.
              11.6.1 Business Overview
              11.6.2 Products Offered
              11.6.3 Recent Developments
     11.7 Phillips-Medisize Corporation
              11.7.1 Business Overview
              11.7.2 Products Offered
              11.7.3 Recent Developments
              11.7.4 SWOT Analysis
              11.7.5 MnM View
     11.8 Parker Hannifin Corporation
              11.8.1 Business Overview
              11.8.2 Products Offered
              11.8.3 Recent Developments
              11.8.4 SWOT Analysis
              11.8.5 MnM View
              11.8.6 West Pharmaceutical Services, Inc.; Business Overview
              11.8.7 Products & Services
              11.8.8 Recent Developments
     11.9 Nypro Inc.
              11.9.1 Business Overview
              11.9.2 Products Offered
              11.9.3 Recent Developments
     11.10 Saint Gobain Performance Plastics
              11.10.1 Business Overview
              11.10.2 Products Offered
              11.10.3 Recent Developments
              11.10.4 SWOT Analysis
              11.10.5 MnM View

12 Appendix (Page No. - 183)
     12.1 Key Expert Insights
     12.2 Recent Developments
     12.3 Discussion Guide
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (128 Tables)

Table 1 Medical Plastics Market Size, By Type, 2013–2020 (USD Million)
Table 2 Medical Plastics Market Size, By Type, 2013–2020 (Kiloton)
Table 3 Polyvinyl Chloride Market Size, By Region, 2013–2020 (USD Million)
Table 4 Polyvinyl Chloride Market Size, By Region, 2013–2020 (Kiloton)
Table 5 Polypropylene Market Size, By Region, 2013–2020 (USD Million)
Table 6 Polypropylene Market Size, By Region, 2013–2020 (Kiloton)
Table 7 Polyethylene Market Size, By Region, 2013–2020 (USD Million)
Table 8 Polyethylene Market Size, By Region, 2013–2020 (Kiloton)
Table 9 Polystyrene Market Size, By Region, 2013–2020 (USD Million)
Table 10 Polystyrene Market Size, By Region, 2013–2020 (Kiloton)
Table 11 Silicones Market Size, By Region, 2013–2020 (USD Million)
Table 12 Silicones Market Size, By Region, 2013–2020 (Kiloton)
Table 13 Engineering Plastics Market Size, By Region, 2013–2020 (USD Million)
Table 14 Engineering Plastics Market Size, By Region, 2013–2020 (Kiloton)
Table 15 Others Market Size, By Region, 2013–2020 (USD Million)
Table 16 Others Market Size, By Region, 2013–2020 (Kiloton)
Table 17 Medical Plastics Market Size, By Application, 2013–2020 (USD Million)
Table 18 Medical Plastics Market Size, By Application, 2013–2020 (Kiloton)
Table 19 Disposables Market Size, By Region, 2013–2020 (USD Million)
Table 20 Disposables Market Size, By Region, 2013–2020 (Kiloton)
Table 21 Medical Bags Market Size, By Region, 2013–2020 (USD Million)
Table 22 Medical Bags Market Size, By Region, 2013–2020 (Kiloton)
Table 23 Catheter Market Size, By Region, 2013–2020 (USD Million)
Table 24 Catheter Market Size, By Region, 2013–2020 (Kiloton)
Table 25 Syringes Market Size, By Region, 2013–2020 (USD Million)
Table 26 Syringes Market Size, By Region, 2013–2020 (Kiloton)
Table 27 Implants Market Size, By Region, 2013–2020 (USD Million)
Table 28 Implants Market Size, By Region, 2013–2020 (Kiloton)
Table 29 Surgical Instruments Market Size, By Region, 2013–2020 (USD Million)
Table 30 Surgical Instruments Market Size, By Region, 2013–2020 (Kiloton)
Table 31 Diagnostic Instruments Market Size, By Region, 2013–2020 (USD Million)
Table 32 Diagnostic Instruments Market Size, By Region, 2013–2020 (Kiloton)
Table 33 Dental Tools Market Size, By Region, 2013–2020 (USD Million)
Table 34 Dental Tools Market Size, By Region, 2013–2020 (Kiloton)
Table 35 Drug Delivery Devices Market Size, By Region, 2013–2020 (USD Million)
Table 36 Drug Delivery Devices Market Size, By Region, 2013–2020 (Kiloton)
Table 37 Others Market Size, By Region, 2013–2020 (USD Million)
Table 38 Others Market Size, By Region, 2013–2020 (Kiloton)
Table 39 Medical Plastics Market Size, By Region, 2013-2020 (USD Million)
Table 40 Medical Plastics Market Size, By Region, 2013-2020 (Kiloton)
Table 41 North America: Medical Plastics Market Size, By Country, 2013-2020 (USD Million)
Table 42 North America: Market Size, By Country, 2013-2020 (Kiloton)
Table 43 North America: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 44 North America: Market Size, By Type, 2013-2020 (Kiloton)
Table 45 North America: Market Size, By Application, 2013-2020 (USD Million)
Table 46 North America: Color Cosmetics Market Size, By Application, 2013-2020 (Kiloton)
Table 47 U.S.: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 48 U.S.: Market Size, By Type, 2013-2020 (Kiloton)
Table 49 U.S.: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 50 U.S.: Market Size, By Application, 2013-2020 (Kiloton)
Table 51 Canada: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 52 Canada: Market Size, By Type, 2013-2020 (Kiloton)
Table 53 Canada: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 54 Canada: Market Size, By Application, 2013-2020 (Kiloton)
Table 55 Mexico: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 56 Mexico: Market Size, By Type, 2013-2020 (Kiloton)
Table 57 Mexico: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 58 Mexico: Market Size, By Application, 2013-2020 (Kiloton)
Table 59 Europe: Medical Plastics Market Size, By Country, 2013-2020 (USD Million)
Table 60 Europe: Market Size, By Country, 2013-2020 (Kiloton)
Table 61 Europe: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 62 Europe: Market Size, By Type, 2013-2020 (Kiloton)
Table 63 Europe: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 64 Europe: Market Size, By Application, 2013-2020 (Kiloton)
Table 65 Germany: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 66 Germany: Market Size, By Type, 2013-2020 (Kiloton)
Table 67 Germany: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 68 Germany: Market Size, By Application, 2013-2020 (Kiloton)
Table 69 U.K.: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 70 U.K.: Market Size, By Type, 2013-2020 (Kiloton)
Table 71 U.K.: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 72 U.K.: Market Size, By Application, 2013-2020 (Kiloton)
Table 73 France: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 74 France: Market Size, By Type, 2013-2020 (Kiloton)
Table 75 France: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 76 France: Market Size, By Application, 2013-2020 (Kiloton)
Table 77 Italy: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 78 Italy: Market Size, By Type, 2013-2020 (Kiloton)
Table 79 Italy: Market Size, By Application, 2013-2020 (USD Million)
Table 80 Italy: Medical Plastics Market Size, By Application, 2013-2020 (Kiloton)
Table 81 Rest of Europe: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 82 Rest of Europe: Market Size, By Type, 2013-2020 (Kiloton)
Table 83 Rest of Europe: Market Size, By Application, 2013-2020 (USD Million)
Table 84 Rest of Europe: Market Size, By Application, 2013-2020 (Kiloton)
Table 85 Asia-Pacific: Medical Plastics Market Size, By Country, 2013-2020 (USD Million)
Table 86 Asia-Pacific: Medical Plastics Market Size, By Country, 2013-2020 (Kiloton)
Table 87 Asia-Pacific: Market Size, By Type, 2013-2020 (USD Million)
Table 88 Asia-Pacific: Medical Plastics Market Size, By Type, 2013-2020 (Kiloton)
Table 89 Asia-Pacific: Market Size, By Application, 2013-2020 (USD Million)
Table 90 Asia-Pacific: Market Size, By Application, 2013-2020 (Kiloton)
Table 91 China: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 92 China: Market Size, By Type, 2013-2020 (Kiloton)
Table 93 China: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 94 China: Market Size, By Application, 2013-2020 (Kiloton)
Table 95 India: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 96 India: Market Size, By Type, 2013-2020 (Kiloton)
Table 97 India: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 98 India: Market Size, By Application, 2013-2020 (Kiloton)
Table 99 Japan: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 100 Japan: Market Size, By Type, 2013-2020 (Kiloton)
Table 101 Japan: Market Size, By Application, 2013-2020 (USD Million)
Table 102 Japan: Market Size, By Application, 2013-2020 (Kiloton)
Table 103 Rest of Asia-Pacific: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 104 Rest of Asia-Pacific: Market Size, By Type, 2013-2020 (Kiloton)
Table 105 Rest of Asia-Pacific: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 106 Rest of Asia-Pacific: Market Size, By Application, 2013-2020 (Kiloton)
Table 107 RoW: Medical Plastics Market Size, By Country, 2013-2020 (USD Million)
Table 108 RoW: Market Size, By Country, 2013-2020 (Kiloton)
Table 109 RoW: Market Size, By Type, 2013-2020 (USD Million)
Table 110 RoW: Medical Plastics Market Size, By Type, 2013-2020 (Kiloton)
Table 111 RoW: Market Size, By Application, 2013-2020 (USD Million)
Table 112 RoW: Market Size, By Application, 2013-2020 (Kiloton)
Table 113 Brazil: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 114 Brazil: Market Size, By Type, 2013-2020 (Kiloton)
Table 115 Brazil: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 116 Brazil: Market Size, By Application, 2013-2020 (Kiloton)
Table 117 Argentina: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 118 Argentina: Market Size, By Type, 2013-2020 (Kiloton)
Table 119 Argentina: Medical Plastics Market Size, By Application, 2013-2020 (USD Million)
Table 120 Argentina: Market Size, By Application, 2013-2020 (Kiloton)
Table 121 Others: Medical Plastics Market Size, By Type, 2013-2020 (USD Million)
Table 122 Others: Market Size, By Type, 2013-2020 (Kiloton)
Table 123 Others: Market Size, By Application, 2013-2020 (USD Million)
Table 124 Others: Medical Plastics Market Size, By Application, 2013-2020 (Kiloton)
Table 125 Mergers & Acquisitions, 2011–2015
Table 126 Expansions & Investments, 2011–2015
Table 127 Collaborations, 2011–2015
Table 128 New Product Launches, 2011–2015
 
 
List of Figures (52 Figures)
 
Figure 1 Medical Plastics Market Segments
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of Research Study
Figure 7 Polyvinyl Chloride is the Most Widely Used Plastic in the Medical Plastics Market (Kiloton)
Figure 8 Implants is the Fastest-Growing Application for Medical Plastics
Figure 9 Asia-Pacific the Fastest Growing Region for  Medical Plastics Market Size
Figure 10 Global Market Size (USD Billion)
Figure 11 Polyvinyl Chloride has the Largest Market Share Globally
Figure 12 Disposables Have the Largest Market While Implants Have the Highest Growth Rate
Figure 13 Europe Registered the Largest Market Share in 2014
Figure 14 PVC has the Largest Market Share in Asia–Pacific, the Highest Growing Region
Figure 15 Asia-Pacific has the Highest Growth Potential in the Medical Plastics Market
Figure 16 Market Segmentation of Medical Plastics Market, By Type
Figure 17 Market Segmentation of Market, By Application
Figure 18 Market Segmentation of Market, By Region
Figure 19 Drivers, Restraints, Opportunities, and Challenges of Market
Figure 20 Value Chain Analysis: Device Designing is the Most Important and Critical Node of the Value Chain
Figure 21 Porter’s Five Forces Analysis: High Intensity of Rivalry Among Existing Players
Figure 22 Mapping of Polymers With Processing Technologies
Figure 23 Overview of Compatibility of Polymers With Sterilization Techniques
Figure 24 Polyvinyl Chloride is the Most Widely Used Polymer in the Medical Industry
Figure 25 Europe and North America are the Leading Markets for Polypropylene
Figure 26 Asia-Pacific to Be the Largest Market (By Volume) for Silicone By 2020
Figure 27 Asia Pacific Registers the Highest Growth Rate for Engineering Plastics (2015-2020)
Figure 28 Mapping of Use of Plastics in Medical Application With Polymers
Figure 29 Asia-Pacific to Have the Largest Plastic Disposables Market in 2020 (USD Million)
Figure 30 Europe Accounted for the Largest Market for Plastic Catheters in 2014
Figure 31 Asia Pacific Registers the Highest Growth Rate for the Medical Plastic Syringes Market
Figure 32 Asia-Pacific to Dominate the Use of Plastics in Implants By 2020
Figure 33 Asia-Pacific to Witness Higher Market Size for Plastic Drug Delivery Devices By 2020
Figure 34 Regional Snapshot India, China, and Japan are Emerging as Strategic Destinations
Figure 35 North American Market Snapshot: U.S. Accounted for the Largest Medical Plastics Market, 2015-2020
Figure 36 Asia-Pacific Market Snapshot (2015-2020)
Figure 37 RoW Market Snapshot (2015-2020)
Figure 38 Expansions: Leading Approach of Key Players
Figure 39 Medical Plastics Developmental Market Share), By Company, 2011–2015
Figure 40 Expansions Fueled Growth & Innovation of Medical Plastics Products From 2010 to 2015
Figure 41 Expansions: the Key Strategy, 2011-2015
Figure 42 Company Regional Revenue Analysis
Figure 43 Röchling Group: Company Snapshot
Figure 44 Company Snapshot
Figure 45 Nolato AB: Company Snapshot
Figure 46 GW Plastics: Company Snapshot
Figure 47 Medplast Inc.: Company Snapshot
Figure 48 Phillips-Medisize: Company Snapshot
Figure 49 Parker Hannifin: Company Snapshot
Figure 50 West Pharmaceutical: Company Snapshot
Figure 51 Nypro Inc.: Company Snapshot
Figure 52 Saint Gobain: Company Snapshot

The global medical plastics market size, in terms of value is projected to reach USD 6,978.03 Million by 2020, at a CAGR of 7.12% between 2015 and 2020. In terms of volume, the global market is projected to reach 2,826.4 kilotons by 2020, at a CAGR of 6.15% during the forecast period. The increasing number of patents filed for medical devices & applications by global players, growing manufacturing industries, and continuous expansion and merger & acquisition activities undertaken by companies are key factors for the growth of global market.

In terms of types, engineering plastics is projected to register the fastest-growth among other types followed by the polypropylene segment in the global medical plastics market. The demand of engineering plastics is mainly driven due to its better mechanical and/or thermal properties than the more widely used commodity plastics. Apart from this, each type of engineering plastic has its own unique set of properties making it the material of choice in several applications. Thus, the application of engineering plastic is extensive and is growing at a fast pace.

The Implants are the fastest growing application segment in the global market. Polymers polyethylene, polyurethane, PET, PMMA, hydrogels, fluropolymers, and polycarbonate are used in manufacturing of implants The implants market is witnessing new technological developments such as CAD/CAM dentistry (computer-aided design and computer-aided manufacturing) that is used to improve the design and creation of dental restorations especially dental prostheses, including crowns, crown lays, veneers, and orthodontic appliances, this is one of the major drives for the implants market in medical plastics market.

Asia-Pacific region, being the largest consumer of medical plastics is also projected to register the high CAGR of 10.22% in the medical plastics market, in terms of value between 2015 and 2020. This growth is majorly driven due to increase in medical plastics demand in sectors such has medical and healthcare in various industrial sectors.

Though the market is gaining importance at a fast pace, but few factors act as a bottleneck towards the growth of medical plastics. The governmental control over healthcare costs and significant investment and time required for product development are the major restraints towards the growth of market.

The companies such as Phillips-Medisize Corporation (U.S.), Freudenberg Medical (U.S.), Nolato AB (Sweden), Röchling Engineering Plastics (Germany), and West Pharmaceutical Services, Inc. (U.S.), are the dominant market players in the global market. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are few factors that are responsible for strengthening the market position of these companies in market. They have been adopting various organic and inorganic growth strategies such as expansion, merger & acquisition, partnership, new product launch & product development to enhance the current market scenario of medical plastics. This would help the medical plastics market to evolve in further applications which would in turn help them to expand their global reach.

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