Medical Plastics Market: Global Industry Research Report 2020-2027 | Envisage Research
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Medical Plastics Market - By Applications (Medical Device Packaging, Medical Components, Orthopedic Implant Packaging, Orthopedic Soft Goods, Wound Care, Cleanroom Supplies, BioPharm Devices, Mobility Aids, Sterilization and Infection Prevention, Tooth Implants, Denture Base Material, Other Implants, Others) By Region ( North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) - Industry Analysis, Opportunity and Forecast 2020 To 2027

Published Date: May 2021

No. of Pages: 196

Status: Published

Report Code: EMR100653

The global medical plastics market size was valued at USD 26.7 billion in 2020 and is projected to expand at USD 44.6 billion by 2027 at a compound annual growth rate (CAGR) of 8.9% from 2020 to 2027. Enforcement and upgrading of various infection prevention standards coupled with a growing volume of surgical, hospital, and outpatient procedures are anticipated to drive the market growth. Fluctuation in oil prices has been a major factor responsible for volatility in the prices of polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), and polystyrene. Capacity expansion and contraction have also contributed to price volatility in the market. In addition, rising overproduction in the Chinese market is expected to impact the raw material price.

There is an ascending demand for plastic since it is a key ingredient used for manufacturing medical devices, equipment, and packaging. This has resulted in the steady market growth over the past few years. Factors such as increasing demand for medical devices, growing aging population, and expanding home healthcare sector in North America and Europe are anticipated to drive the demand for medical-grade polymers over the forecast period.

Medical plastics is overcoming the challenge of incompatibility of certain conventional medication to cure various diseases. Targeted drug delivery and controlled release of polymers in complex areas such as brain to release drugs effectively treats Parkinson’s disease, Alzheimer’s disease, brain cancer, and other abnormalities. Cost-effective medical plastics have paved their way into the production of disposable devices such as syringes, inhalation masks, catheters, and other surgical tools. As an alternative to other raw materials, these plastics offer greater safety and antimicrobial functioning. Thereby medical plastics market acquires huge demand from healthcare sector owing to decontamination and secured containment of diagnostic samples. Internal implants for spine cages and knee bones made possible through enhanced medical plastics: the polyetheretherketone (PEEK) polymer. Better compatibility with bones and extensive load bearing capability of PEEK polymer have paved way in various medical implants fuelling high demand for the global medical plastics market. Medical plastics is widely used in packaging industries for layering various medical tools, devices, drugs, and instruments such as the polypropylene sheet. This maintains safety against the hospital-acquired infections and reduces any widespread incidence of health risk both to the patients and medical expertise.

Some of the prominent players in the field of global medical plastic market are Exxon Mobil Corporation (US), BASF SE (Germany), DuPont de Nemours, Inc. (US), Evonik Industries AG (Germany), Celanese Corporation (US), Covestro AG (Germany), Solvay (Belgium), The Lubrizol Corporation (US), Rochling Group (Germany), Tekni-Plex (US), Eastman Chemical Company (US), Saint-Gobain Performance Plastics (France), Trinseo (US), Ensinger (Germany), and Fortune Medical Plastic Products Company (China).

Analyst Commentary

Medical plastics are regulated by numerous agencies across the globe. In Europe, medical devices fall under the EU Council Directive (93/42/EEC), which provides guidance for their consumption. Restructuring of the European regulations for such devices is anticipated to emerge as one of the key factors affecting the regional market growth. The market is subject to multiple technological advancements pertaining to the production of advanced plastics for use in the healthcare industry. The companies in the market resort to new product developments as one of the major strategies to achieve market growth. In addition, the key players invest significantly towards R&D to develop advanced products.

High degree of competition in the industry is likely to bolster consumer buying power. Factors such as product quality and cost competitiveness are the major factors impacting the buyer power decision. High production volumes coupled with the ease of availability of medical plastics is expected to be the increase buyer power in the next few years. The governing agencies in the states in the U.S. have exhibited an increased affinity towards recycling the plastics.

The growing number of insured individuals in the U.S., coupled with the resultant demand for medical devices, is expected to have a positive impact on industry growth over the forecast years. In addition, the market is characterized by the presence of a large number of companies involved in the production of advanced grade plastics for use in the industry. The medical plastics market is characterized by extensive integration through various stages of the value chain. HELM AG is integrated across all four stages in the value chain from raw material production to plastic production and the manufacturing of end-use products used by the hospitals and healthcare institutions including private clinics.

The recent outbreak of COVID-19 across the globe is further fuelling the demand for medical components such as masks, gloves, testing equipment, and ventilators. This, in turn, is positively propelling market growth. Increasing number of positive cases in countries, such as the U.S., Italy, Spain, France, Germany, the U.K., and Iran, are triggering the demand for medical components, thereby creating lucrative growth opportunities.

Segmentation

Medical components segment accounts for the largest revenue share of over 35% in 2019. Growing application scope of polypropylene in manufacturing diagnostic devices, trays, pans, containers, syringes, implant trials, and medical cover sheets is expected to drive the demand. Polypropylene is expected to witness substantial growth in medical components application owing to its lightweight, high bacterial and chemical resistance, and low cost. It finds wide application scope in medical disposable manufacturing. Furthermore, it can be moulded easily in perfect dimensions as needed and thus has a high demand for manufacturing syringes.

In Europe, PVC is primarily used in the manufacturing of blood storage bags. European Pharmacopoeia has approved the use of PVC for this particular purpose owing to its property to help store blood in a safe condition over a longer duration. Increasing cases of people affected by COVID-19 across the world are creating a huge demand for medical plastics in medical component applications such as testing equipment, ventilators, syringes, and medical trays. In addition, increasing the production capacity of these medical components by several companies, such as 3M, Medtronic Plc, and others, is further creating lucrative growth opportunities.

Regional Analysis

North America accounted for the largest revenue share of over 30% in 2019 and is expected to continue its dominance over the forecast period. With the rising per capita health expenditure in the U.S., the demand for medical devices is expected to increase significantly in the forthcoming years. This is likely to boost regional product demand. Furthermore, the presence of key manufacturers such as Dow Inc.; DuPont; Celanese Corporation; and Eastman Chemical Co. in the region is expected to positively impact the overall market growth over the forecast period.

Rising product demand in pharmaceutical packaging applications and rapid growth of pharmaceutical industries in Mexico and Canada are further expected to drive the regional market growth. For instance, the elimination of stringent regulations by the Mexican government, which had earlier restricted the establishment of new manufacturing units, has resulted in the development of new pharmaceutical manufacturing facilities of major companies such as Takeda and Astellas in Mexico. This strategy has played an important role in driving the domestic pharmaceutical industry, which, in turn, is likely to fuel the demand for medical plastics in the forthcoming years. In addition, rapidly rising COVID-19 positive cases in the region are expected to result in an increased demand for generic drugs and medical devices, thereby positively influencing the market growth.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Engine Powered of Suppliers
3.7.2. Bargaining Engine Powered of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Medical Plastics Market
Chapter 5. Global Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
5.1. Global Medical Plastics Market Share, By Application, 2015 - 2027 (USD Billion)
5.1.1. Medical Device Packaging
5.1.1.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.2. Medical Components
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.3. Orthopedic Implant Packaging
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.4. Others
5.1.4.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 6. Global Medical Plastics Market Overview, By Geography, 2015 - 2027 (USD Billion)
6.1. Global Medical Plastics Market Share, By Geography, 2015 - 2027 (USD Billion)
6.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Billion)
6.1.2. Market Share and CAGR Comparison, by Countries, 2020 & 2027 (%)
Chapter 7. North America Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
7.1. North America Medical Plastics Market Overview, 2015 - 2027 (USD Billion)
7.1.1. Market size and projections, 2015 - 2027 (USD Billion)
7.1.2. North America Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
7.1.3. North America Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
7.1.3.1. U.S. Medical Plastics Market Overview, 2015 - 2027 (USD Billion)
7.1.3.1.1. Market size and projections, 2015 - 2027 (USD Billion)
7.1.3.1.2. U.S. Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
7.1.3.1.3. Other Segments
7.1.3.2. Canada Medical Plastics Market Overview, 2015 - 2027 (USD Billion)
7.1.3.2.1. Market size and projections, 2015 - 2027 (USD Billion)
7.1.3.2.2. Canada Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
7.1.3.2.3. Other Segments
7.1.3.3. Mexico Medical Plastics Market Overview, 2015 - 2027 (USD Billion)
7.1.3.3.1. Market size and projections, 2015 - 2027 (USD Billion)
7.1.3.3.2. Mexico Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
7.1.3.3.3. Other Segments
Chapter 8. Europe Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1. Europe Medical Plastics Market Overview, 2015 - 2027 (USD Billion)
8.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.2. Europe Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.3. Europe Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1.3.1. Germany
8.1.3.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.3.1.2. Germany Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.3.1.3. Others Segments
8.1.3.2. France
8.1.3.2.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.3.2.2. France Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.3.2.3. Others Segments
8.1.3.3. UK
8.1.3.3.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.3.3.2. UK Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.3.3.3. Others Segments
8.1.3.4. Italy
8.1.3.4.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.3.4.2. Italy Medical Plastics Market Overview, By Application 2015 - 2027 (USD Billion)
8.1.3.4.3. Others Segments
8.1.3.5. Spain
8.1.3.5.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.3.5.2. Spain Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.3.5.3. Others Segments
8.1.3.6. Rest of Europe
8.1.3.6.1. Market size and projections, 2015 – 2025
8.1.3.6.2. Rest of Europe Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.3.6.3. Others Segments
Chapter 9. Asia Pacific Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1. Asia Pacific Medical Plastics Market Overview, 2015 - 2027 (USD Billion)
9.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.2. Asia Pacific Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
9.1.3. Asia Pacific Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1.3.1. India
9.1.3.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.3.1.2. India Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
9.1.3.1.3. Other Segments
9.1.3.2. China
9.1.3.2.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.3.2.2. China Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
9.1.3.2.3. Other Segments
9.1.3.3. Japan
9.1.3.3.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.3.3.2. Japan Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
9.1.3.3.3. Other Segments
9.1.3.4. South Korea
9.1.3.4.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.3.4.2. South Korea Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
9.1.3.4.3. Other Segments
9.1.3.5. Rest of Asia Pacific
9.1.3.5.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.3.5.2. Rest of Asia Pacific Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
9.1.3.5.3. Other Segments
Chapter 10. Middle East & Africa Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1. Middle East & Africa Medical Plastics Market Overview, 2015 - 2027 (USD Billion)
10.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.2. Middle East & Africa Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.3. Middle East & Africa Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1.3.1. GCC
10.1.3.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.3.1.2. GCC Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.3.1.3. Other Segments
10.1.3.2. South Africa
10.1.3.2.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.3.2.2. South Africa Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.3.2.3. Other Segments
10.1.3.3. Rest of Middle East & Africa
10.1.3.3.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.3.3.2. Rest of Middle East & Africa Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.3.3.3. Other Segments
Chapter 11. South America Medical Plastics Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1. South America Medical Plastics Market Overview, 2015 - 2027 (USD Billion)
11.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.2. South America Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
11.1.3. South America Medical Plastics Market Overview, By Countries, 2015- 2026 (USD Billion)
11.1.4. Brazil
11.1.4.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.2. Brazil Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
11.1.4.3. Other Segments
11.1.5. Argentina
11.1.5.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.5.2. Argentina Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
11.1.5.3. Other Segments
11.1.6. Rest of South America
11.1.6.1. Market size and projections, 2015 – 2027
11.1.6.2. Rest of South America Medical Plastics Market Overview, By Application, 2015 - 2027 (USD Billion)
11.1.6.3. Other Segments
Chapter 12. Competitive Landscape
12.1. Competitive environment, 2020
12.2. Strategic framework
12.2.1. Partnership/agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New Distribution channel development
Chapter 13. Key Vendor Analysis
13.1. Exxon Mobil Corporation
13.1.1. Company overview
13.1.2. Financial performance
13.1.3. Distribution channel Benchmarking
13.1.4. Recent initiatives
13.1.5. SWOT analysis
13.2. BASF SE
13.2.1. Company overview
13.2.2. Financial performance
13.2.3. Distribution channel Benchmarking
13.2.4. Recent initiatives
13.2.5. SWOT analysis
13.3. DuPont de Nemours, Inc.
13.4. Evonik Industries AG
13.5. CELANESE CORPORATION
Chapter 14. Medical Plastics Market Cost Analysis
14.1. Medical Plastics Market Key Material Type Analysis
14.1.1. Key Material Type
14.1.2. Price Trend of Key Material Type
14.1.3. Key Suppliers of Material Type
14.1.4. Market Concentration Rate of Material Type
Chapter 15. Industrial Chain, Sourcing Strategy and Downstream Buyers
15.1. Medical Plastics Market Industrial Chain Analysis
15.2. Upstream Material Type Sourcing
15.3. Material Type Source of Medical Plastics Market Major Manufacturers in 2021
15.4. Downstream Buyers
Chapter 16. Marketing Strategy Analysis, Distributors/Traders
16.1. Marketing Channel
16.1.1. Direct Marketing
16.1.2. Indirect Marketing
16.1.3. Marketing Channel Development Trend
16.2. Market Positioning
16.2.1. Pricing Strategy
16.2.2. Brand Strategy
16.2.3. Target Compound weighing and dissolution
16.3. Distributors/Traders List
Chapter 17. Market Effect Factors Analysis
17.1. Material Type Progress/Risk
17.1.1. Substitutes Threat
17.1.2. Material Type Progress in Related Distribution channel
17.2. Consumer Needs/Customer Preference Change
17.3. Economic/Political Environmental Change
Chapter 18. Future Outlook of the Market
Disclaimer

List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Engine Powered of Suppliers
5. Engine Powered of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Medical Plastics Market share, By Application, 2020 & 2027 (%)
10. Global Medical Plastics Market share, by Medical Device Packaging, By Application, 2020 & 2027 (USD Billion)
11. Global Medical Plastics Market share, by Medical Components, By Application, 2020 & 2027 (USD Billion)
12. Global Medical Plastics Market share, by Orthopedic Implant Packaging, By Application, 2020 & 2027 (USD Billion)
13. Global Medical Plastics Market share, by Others, By Application, 2020 & 2027 (USD Billion)
14. Global Medical Plastics Market share, by Region, 2020 & 2027 (%)
15. Global Medical Plastics Market share, by region, 2020 - 2027(USD Billion)
16. North America Medical Plastics Market, 2020 - 2027(USD Billion)
17. North America Medical Plastics Market share, by Countries, 2020 & 2027 (%)
18. U.S. Medical Plastics Market, 2020 - 2027(USD Billion)
19. Canada Medical Plastics Market, 2020 - 2027(USD Billion)
20. Europe Medical Plastics Market, 2020 - 2027(USD Billion)
21. Europe Medical Plastics Market share, by Countries, 2020 & 2027 (%)
22. Spain Medical Plastics Market, 2020 - 2027(USD Billion)
23. UK Medical Plastics Market, 2020 - 2027(USD Billion)
24. Italy Medical Plastics Market, 2020 - 2027(USD Billion)
25. Germany Medical Plastics Market, 2020 - 2027(USD Billion)
26. France Medical Plastics Market, 2020 - 2027(USD Billion)
27. Rest of Europe Medical Plastics Market, 2020 - 2027(USD Billion)
28. Asia-Pacific Medical Plastics Market, 2020 - 2027(USD Billion)
29. Asia-Pacific Medical Plastics Market share, by Countries, 2020 & 2027 (%)
30. China Medical Plastics Market, 2020 - 2027(USD Billion)
31. India Medical Plastics Market, 2020 - 2027(USD Billion)
32. Australia Medical Plastics Market, 2020 - 2027(USD Billion)
33. Japan Medical Plastics Market, 2020 - 2027(USD Billion)
34. Rest of Asia-Pacific Medical Plastics Market, 2020 - 2027(USD Billion)
35. Middle East & Africa Medical Plastics Market, 2020 - 2027(USD Billion)
36. Middle East & Africa Medical Plastics Market share, by Countries, 2020 & 2027 (%)
37. GCC Medical Plastics Market, 2020 - 2027(USD Billion)
38. South Africa Medical Plastics Market, 2020 - 2027(USD Billion)
39. Rest Of Middle East & Africa Medical Plastics Market, 2020 - 2027(USD Billion)
40. South America Medical Plastics Market, 2020 - 2027(USD Billion)
41. Brazil Medical Plastics Market, 2020 - 2027(USD Billion)
42. Mexico Medical Plastics Market, 2020 - 2027(USD Billion)
43. Argentina Medical Plastics Market, 2020 - 2027(USD Billion)
44. Rest Of South America Medical Plastics Market, 2020 - 2027(USD Billion)

List of Tables

1. Impact of Market drivers
2. Impact of Market restraints
3. Global Medical Plastics Market, 2020-2027 (USD Billion)
4. Medical Plastics requirement, by country, 2020-2027, (USD Billion)
5. North America Medical Plastics Market, By Application, 2020-2027 (USD Billion)
6. Europe Medical Plastics Market, By Application, 2020-2027 (USD Billion)
7. Asia Pacific Medical Plastics Market, By Application, 2020-2027 (USD Billion)
8. Middle East & Africa Medical Plastics Market, By Application, 2020-2027 (USD Billion)
9. South America Medical Plastics Market, By Application, 2020-2027 (USD Billion)
10. Exxon Mobil Corporation : Product Benchmarking
11. Exxon Mobil Corporation : Financial Performance
12. BASF SE : Product Benchmarking
13. BASF SE : Financial Performance
14. DuPont de Nemours, Inc. : Product Benchmarking
15. DuPont de Nemours, Inc. : Financial Performance
16. Evonik Industries AG :Product Benchmarking
17. Evonik Industries AG :Financial Performance
18. CELANESE CORPORATION : Product Benchmarking
19. CELANESE CORPORATION : Financial Performance

The Leading Key Players in Medical Plastics Market

Exxon Mobil Corporation (US)
BASF SE (Germany)
DuPont de Nemours Inc. (US)
Evonik Industries AG (Germany)
Celanese Corporation (US)
Covestro AG (Germany)
Solvay (Belgium)
The Lubrizol Corporation (US)
Rochling Group (Germany)
Tekni-Plex (US)
Eastman Chemical Company (US)
Saint-Gobain Performance Plastics (France)
Trinseo (US)
Ensinger (Germany)
Fortune Medical Plastic Products Company (China).