HOME Top Market Reports Medical Plastics Market by Type (PVC, PP, Engg, Plastics, PE, PS, Silicones), Application (Implants, Disposables, Drug Delivery Devices, Syringes, Diagnostic Instruments, Catheters, Surgical Instruments), and Region - Global Forecast to 2022

Medical Plastics Market by Type (PVC, PP, Engg, Plastics, PE, PS, Silicones), Application (Implants, Disposables, Drug Delivery Devices, Syringes, Diagnostic Instruments, Catheters, Surgical Instruments), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: CH 3892

 

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The medical plastics market is projected to grow from USD 13.85 Billion in 2016 to USD 21.06 Billion by 2022, at a CAGR of 7.3% during the forecast period. In this report, 2016 has been considered as the base year and the forecast period is from 2017 to 2022.

Objectives of the Study:

  • To analyze and forecast the size of the global medical plastics market, in terms of both volume and value
  • To define, describe, and forecast the medical plastics market on the basis of type and application
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and their contribution to the market
  • To forecast the market size by value of segments with respect to five key regions (along with the countries) namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the medical plastics market
  • To analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2

Note1: Micromarkets are the subsegments of the medical plastics market included in the report.
Note2: Core competencies of companies are determined in terms of their key developments and key strategies adopted by them to sustain in the market.

The top-down and bottom-up approaches have been used to estimate and validate the size of the global medical plastics market and estimate the size of various other dependent submarkets. The research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Bloomberg Businessweek, and articles from recognized authors to identify and collect information useful for a technical, market-oriented, and commercial study of the medical plastics market.

Medical Plastics Market

To know about the assumptions considered for the study, download the pdf brochure

Major Players:

  • Lubrizol (U.S.)
  • Ensinger (Germany)
  • Celanese (U.S.)
  • Trinseo (U.S.)
  • BASF (Germany)
  • Arkema (France)
  • Biomerics (U.S.)
  • DSM (Netherlands)
  • Evonik (Germany)
  • Rφchling (Germany)

Key Target Audience:

  • Medical polymers manufacturers, dealers, and suppliers
  • Medical plastic processors/compounders
  • Medical device manufacturers
  • Research organizations
  • Government bodies
  • End-use companies
  • Consulting companies/consultants in chemical and material sectors 

“This study answers several questions for the stakeholders, primarily which market segments they should focus on during the next two to five years to prioritize their efforts and investments.”

Scope of the Report:

  • This research report categorizes the medical plastics market based on type, application, and region.

Based on Type:

  • Polyvinyl Chloride
  • Polypropylene
  • Engg. Plastics
  • Polyethylene
  • Polystyrene
  • Silicones
  • Others  

Based on Application:

  • Disposables
  • Medical Bags
  • Catheters
  • Syringes
  • Implants
  • Surgical Instruments
  • Diagnostic Instruments
  • Dental Tools
  • Drug Delivery Devices
  • Others

Based on Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America
  • The market is further analyzed for key countries in each of these regions.

Available Customizations:

  • Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

  • A country-level analysis of the medical plastics market on the basis of type.

Company Information:

  • Detailed analysis and profiles of additional market players.

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           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 Primary Interviews
                    2.1.2.3 Key Insights From Primary Interviews
    2.2 Market Size Estimation
                    2.2.1.1 Bottom-Up Approach
                    2.2.1.1 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Significant Opportunities in Medical Plastics Market Between 2017 and 2022
    4.2 Medical Plastics Market, By Type
    4.3 Medical Plastics Market Share in Asia-Pacific, By Application and Country
    4.4 Medical Plastics Market Share, By Application and Region
    4.5 Medical Plastics Market Attractiveness

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Demand for Advanced Medical Technology and Devices From Aging Population
                    5.2.1.2 Shift Toward Minimally Invasive Medical Procedures
                    5.2.1.3 Rising Usage of Home Healthcare and Self-Medication
                    5.2.1.4 Growing Awareness and Government Initiatives to Provide High-Quality Healthcare Facilities
           5.2.2 Restraints
                    5.2.2.1 Government Control Over Healthcare Costs
                    5.2.2.2 Variations in Regulations Across Countries and Time-Consuming Approval Process
           5.2.3 Opportunities
                    5.2.3.1 Growing Healthcare Investments in Emerging Economies
                    5.2.3.2 Innovation and Customization of Polymers
                    5.2.3.3 Increase in Demand for Plastics Over Metals
           5.2.4 Challenges
                    5.2.4.1 Waste Management Concerns
                    5.2.4.2 Lack of Skilled Healthcare Professionals
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of Substitutes
           5.3.4 Threat of New Entrants
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Overview and Key Trends
           5.4.1 Introduction
           5.4.2 Trends and Forecast of GDP
           5.4.3 Trends of Healthcare Industry

6 Medical Plastics Market, By Type (Page No. - 53)
    6.1 Introduction
    6.2 Standard Plastics
           6.2.1 Polyvinyl Chloride (PVC)
           6.2.2 Polyolefins (PO)
                    6.2.2.1 Polyethylene (PE)
                    6.2.2.2 Polypropylene (PP)
           6.2.3 Polystyrene (PS)
           6.2.4 Poly(Methyl Methacrylate) (PMMA)
    6.3 Engineering Plastics
           6.3.1 Polyamide (PA)
           6.3.2 Polycarbonate (PC)
           6.3.3 Acrylobutadiene Styrene (ABS)
           6.3.4 Others Engineering Plastics
    6.4 Silicone
    6.5 Others
           6.5.1 High Performance Plastics
                    6.5.1.1 Fluoropolymer
                    6.5.1.2 Polyether Ether Ketone (Peek)
                    6.5.1.3 Other High Performance Plastics
           6.5.2 Thermoplastics Elastomer (TPE)
           6.5.3 Thermoplastic Polyurethane (TPU)

7 Medical Plastics Market, By Application (Page No. - 64)
    7.1 Introduction
    7.2 Disposables
           7.2.1 Contact Lenses
           7.2.2 Hypodermic Needles
           7.2.3 Others
    7.3 Medical Bags
           7.3.1 Blood Bags
           7.3.2 Urine Bags
           7.3.3 Others
    7.4 Catheters
           7.4.1 Cardiovascular Catheter
           7.4.2 IV Catheter
           7.4.3 Urinary Catheter
    7.5 Syringes
           7.5.1 Insulin Syringes
           7.5.2 Tuberculin Syringes
           7.5.3 Others
    7.6 Implants
           7.6.1 Breast Implants
           7.6.2 Dental Implants
    7.7 Surgical Instruments
           7.7.1 Cutting Instruments
           7.7.2 Hemostatic Instruments
           7.7.3 Retractors
           7.7.4 Others
    7.8 Diagnostic Instruments
           7.8.1 Ultrasound and Mri Machines
           7.8.2 Pet & CT Scanners
           7.8.3 X-Ray Machines
    7.9 Dental Tools
           7.9.1 Excavators
           7.9.2 Dental Forceps
    7.10 Drug Delivery Devices
           7.10.1 Dry Powder Inhaler
           7.10.2 Transdermal Patches
           7.10.3 Needle-Free Injectors
           7.10.4 Others
    7.11 Others

8 Medical Plastics Market, By Region (Page No. - 72)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 China
           8.2.2 Japan
           8.2.3 South Korea
           8.2.4 India
           8.2.5 Rest of Asia-Pacific
    8.3 Europe
           8.3.1 Germany
           8.3.2 Italy
           8.3.3 France
           8.3.4 Spain
           8.3.5 U.K.
           8.3.6 Rest of Europe
    8.4 North America
           8.4.1 U.S.
           8.4.2 Canada
           8.4.3 Mexico
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 UAE
           8.5.3 South Africa
           8.5.4 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 125)
    9.1 Introduction
    9.2 Market Ranking of Key Players
           9.2.1 Lubrizol
           9.2.2 Ensinger
           9.2.3 Celanese
           9.2.4 Trinseo
           9.2.5 BASF

10 Company Profiles (Page No. - 127)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     10.1 Lubrizol
     10.2 Ensinger
     10.3 Celanese
     10.4 Trinseo
     10.5 BASF
     10.6 Arkema
     10.7 Biomerics
     10.8 DSM
     10.9 Evonik
     10.10 Rφchling
     10.11 Other Companies
             10.11.1 Covestro
             10.11.2 Dupont Performance Polymer
             10.11.3 Eastman Chemical Company
             10.11.4 Freudenberg Medical
             10.11.5 Lanxess
             10.11.6 Loyndellbasell
             10.11.7 Modenplast
             10.11.8 Nolato
             10.11.9 Polyone
             10.11.10 Quadrant
             10.11.11 RTP Company
             10.11.12 Saint-Gobain Performance Plastics
             10.11.13 Solvay Specialty Polymers
             10.11.14 Teknor Apex
             10.11.15 Victrex
             10.11.16 Wacker Chemie

*Details Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 153)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (71 Tables)


Table 1 Trends and Forecast of GDP, USD Billion (2016–2022)
Table 2 Population Age 65 and Above (% ) (2012–2016)
Table 3 Total Healthcare Expenditure (Percentage of GDP), 2011–2014
Table 4 Medical Plastics Market Size, By Type, 2015–2022 (Kiloton)
Table 5 Medical Plastics Market Size, By Type, 2015–2022 (USD Million)
Table 6 Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 7 Medical Plastics Market Size, By Application, 2015–2022 (USD Million)
Table 8 Medical Plastics Market Size, By Region, 2015–2022 (Kiloton)
Table 9 Medical Plastics Market Size, By Region, 2015–2022 (USD Million)
Table 10 Asia-Pacific: Medical Plastics Market Size, By Country, 2015–2022 (Kiloton)
Table 11 Asia-Pacific: By Market Size, By Country, 2015–2022 (USD Million)
Table 12 Asia-Pacific: By Market Size, By Application, 2015–2022 (Kiloton)
Table 13 Asia-Pacific: By Market Size, By Application, 2015–2022 (USD Million)
Table 14 China: Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 15 China: By Market Size, By Application, 2015–2022 (USD Million)
Table 16 Japan: By Market Size, By Application, 2015–2022 (Kiloton)
Table 17 Japan: By Market Size, By Application, 2015–2022 (USD Million)
Table 18 South Korea: By Market Size, By Application, 2015–2022 (Kiloton)
Table 19 South Korea: By Market Size, By Application, 2015–2022 (USD Million)
Table 20 India: Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 21 India: Medical Plastics Market Size, By Application, 2015–2022 (USD Million)
Table 22 Rest of Asia-Pacific: Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 23 Rest of Asia-Pacific: Medical Plastics Market Size, By Application, 2015–2022 (USD Million)
Table 24 Europe: Medical Plastics Market Size, By Country, 2015–2022 (Kiloton)
Table 25 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 26 Europe: By Market Size, By Application, 2015-2022 (Kiloton)
Table 27 Europe: By Market Size, By Application, 2015-2022 (USD Million)
Table 28 Germany: Medical Plastics Market Size, By Application, 2015-2022 (Kiloton)
Table 29 Germany: Medical Plastics Market Size, By Application, 2015-2022 (USD Million)
Table 30 Italy: Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 31 Italy: By Market Size, By Application, 2015–2022 (USD Million)
Table 32 France: By Market Size, By Application, 2015-2022 (Kiloton)
Table 33 France: By Market Size, By Application, 2015-2022 (USD Million)
Table 34 Spain: By Market Size, By Application, 2015-2022 (Kiloton)
Table 35 Spain: By Market Size, By Application, 2015-2022 (USD Million)
Table 36 U.K.: By Market Size, By Application, 2015-2022 (Kiloton)
Table 37 U.K.: By Market Size, By Application, 2015-2022 (USD Million)
Table 38 Rest of Europe: By Market Size, By Application, 2015-2022 (Kiloton)
Table 39 Rest of Europe: By Market Size, By Application, 2015-2022 (USD Million)
Table 40 North America: Medical Plastics Market Size, By Country, 2015–2022 (Kiloton)
Table 41 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 42 North America: By Market Size, By Application, 2015-2022 (Kiloton)
Table 43 North America: By Market Size, By Application, 2015-2022 (USD Million)
Table 44 U.S.: Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 45 U.S.: Medical Plastics Market Size, By Application, 2015–2022 (USD Million)
Table 46 Canada: By Market Size, By Application, 2015–2022 (Kiloton)
Table 47 Canada: By Market Size, By Application, 2015–2022 (USD Million)
Table 48 Mexico: By Market Size, By Application, 2015–2022 (Kiloton)
Table 49 Mexico: By Market Size, By Application, 2015–2022 (USD Million)
Table 50 Middle East & Africa: By Market Size, By Country, 2015–2022 (Kiloton)
Table 51 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 52 Middle East & Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 53 Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 54 Saudi Arabia: By Market Size, By Application, 2015–2022 (Kiloton)
Table 55 Saudi Arabia: By Market Size, By Application, 2015–2022 (USD Million)
Table 56 UAE: By Market Size, By Application, 2015–2022 (Kiloton)
Table 57 UAE: By Market Size, By Application, 2015–2022 (USD Million)
Table 58 South Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 59 South Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 60 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 61 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 62 South America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 63 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 64 South America: By Market Size, By Application, 2015–2022 (Kiloton)
Table 65 South America: By Market Size, By Application, 2015–2022 (USD Million)
Table 66 Brazil: Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 67 Brazil: Medical Plastics Market Size, By Application, 2015–2022 (USD Million)
Table 68 Argentina: Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 69 Argentina: By Market Size, By Application, 2015–2022 (USD Million)
Table 70 Rest of South America: Medical Plastics Market Size, By Application, 2015–2022 (Kiloton)
Table 71 Rest of South America: By Market Size, By Application, 2015–2022 (USD Million)


List of Figures (31 Figures)

Figure 1 Medical Plastics Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Medical Plastics Market: Data Triangulation
Figure 5 Medical Plastics Market Snapshot: Silicones to Register the Highest CAGR, 2017–2022
Figure 6 Implants is the Fastest-Growing Application for Medical Plastics
Figure 7 Asia-Pacific is the Largest Market Between 2017 and 2022
Figure 8 Medical Plastics Market to Witness Rapid Growth Between 2017 and 2022
Figure 9 Silicones to Register the Highest CAGR Between 2017 and 2022
Figure 10 China to Account for the Largest Market Share (Volume) in 2017
Figure 11 Asia-Pacific to Account for the Largest Market Share in Disposable Application, 2017
Figure 12 Asia-Pacific to Be the Fastest-Growing Medical Plastics Market Between 2017 and 2022
Figure 13 Drivers, Restraints, Opportunities, and Challenges in Medical Plastics Market
Figure 14 Increase in Aging Population Boosted Medical Plastics Market
Figure 15 Per Capita Healthcare Expenditure, By Country (2014)
Figure 16 Porter’s Five Forces Analysis: Medical Plastics Market
Figure 17 Mapping of Polymers With Processing Technologies
Figure 18 Overview of Compatability of Polymers With Sterilization Techniques
Figure 19 Medical Plastics Market: Major Types vs Applications
Figure 20 PVC is the Largest Type in Medical Plastics Market (Kiloton)
Figure 21 Regional Snapshot (2017–2022): India is Emerging as Strategic Destinations
Figure 22 India Was the Fastest-Growing Market of Medical Plastics in Asia-Pacific, 2016
Figure 23 U.S. Dominated Medical Plastics Market in North America, in 2016, in Terms of Volume
Figure 24 Brazil to Dominate Medical Plastics Market in South America During Forecast Period
Figure 25 Celanese: Company Snapshot
Figure 26 Trinseo: Company Snapshot
Figure 27 BASF: Company Snapshot
Figure 28 Arkema: Company Snapshot
Figure 29 DSM: Company Snapshot
Figure 30 Evonik: Company Snapshot
Figure 31 Rφchling: Company Snapshot

 

The medical plastics market is expected to reach USD 21.06 Billion by 2022, at a CAGR of 7.3% between 2017 and 2022. With increasing competition, varying consumer demands, and growing technological dominance, several medical device manufacturers are adopting medical plastics, thus fueling the growth of the medical plastics market.

Polyvinyl chloride, polypropylene, polyethylene, polystyrene, engineering plastics, high-performance plastics, including PEEK, fluoropolymers, and others materials, including silicones, TPE, and TPU are the most popular types of plastics used in the manufacturing of medical products. These are used in several medical applications such as disposables, medical bags, catheters, syringes, diagnostic instruments, surgical instruments, implants, dental tools, drug delivery devices, medical trays, device housing, lab wares, films, gowns, drapes, etc. Among types, polyvinyl chloride accounted for the largest share of the global medical plastics market in 2016, due to its wide usage in different medical products and low price factor. In addition, its ease of fabrication, manufacturing, and assembly makes PVC a preferred material for manufacturing medical devices, mainly syringes, medical bags, tubes, and catheters.

The medical plastics market has been segmented on the basis of application into disposables, medical bags, catheters, syringes, implants, surgical instruments, diagnostic instruments, dental tools, drug delivery devices, and others. Disposables is estimated to be the largest application segment of the medical plastics market in 2017 and is also expected to grow at a high rate during the forecast period. The disposables segment is driven by factors such as eliminating the effects of cross-contamination and ensuring safety and accuracy. With the increasing trend of self-medication and homecare, the demand for disposable products is increasing, as these products are user-friendly and do not require sterilization.

Asia-Pacific is expected to be the fastest-growing market for medical plastics. The aging population is one of the major factors driving the medical plastics market in the region. The rapidly growing demand for medical plastics in end-use applications, competitive manufacturing costs, and high economic growth rate are the favorable factors driving the market for medical plastics in the region. Furthermore, Japan’s growing medical industry, aging population, rising cosmetic and plastic surgeries in India, increasing cases of cardiovascular diseases, higher domestic demand, availability of raw materials, and cheap labor are driving the Asia-Pacific medical plastics market. The market in Asia-Pacific, owing to the significantly high demand for medical plastics, is much more dynamic and competitive than its western counterparts.

Medical Plastics Market

The major challenge for market growth is stringent and time-consuming regulatory policies, waste management concerns, and inadequate training to healthcare staff. Variations in regulations across countries and a time-consuming approval process are restraining the growth of medical plastics market.

Companies such as Lubrizol (U.S.), Ensinger (Germany), Celanese (U.S.), Trinseo (U.S.), BASF (Germany), and Arkema (France) are the major players in the global medical plastics market. These companies have strengthened their market position through diverse product portfolios, strategically positioned R&D centers, consistent strategic development activities, and technological advancements. The companies have been adopting various organic and inorganic growth strategies such as expansions, agreements & joint ventures, and new product launches & developments to increase their market shares.

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