Global Medical Plastics Strategic Business Report 2023: Growing Demand for Point of care Diagnostics Drives Gains

Dublin, July 11, 2023 (GLOBE NEWSWIRE) -- The "Medical Plastics: Global Strategic Business Report" report has been added to's offering.

The global market for Medical Plastics estimated at US$22.4 Billion in the year 2022, is projected to reach a revised size of US$35.5 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.

Engineering Plastics, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the High Performance Plastics (HPP) segment is readjusted to a revised 5.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6 Billion, While China is Forecast to Grow at 7.1% CAGR

The Medical Plastics market in the U.S. is estimated at US$6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.1% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 5.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.5 Billion by the year 2030.

Select Competitors (Total 77 Featured) -

  • Celanese Corporation
  • Covestro AG
  • DuPont de Nemours, Inc.
  • Eastman Chemical Company
  • Ensinger
  • Evonik Industries AG
  • GW Plastics, Inc.
  • HMC Polymers Co., Ltd.
  • Avantor, Inc
  • Orthoplastics Ltd.
  • Saint-Gobain Performance Plastics
  • Solvay
  • TekniPlex Corporation
  • The Lubrizol Corporation
  • Trelleborg Sealing Solutions
  • Trinseo

Key Attributes:

Report AttributeDetails
No. of Pages659
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$22.4 Billion
Forecasted Market Value (USD) by 2030$35.5 Billion
Compound Annual Growth Rate5.9%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Revives Interest in Plastics for Medical Industry
  • COVID-19 Lays Emphasis on Materials with Superior Performance
  • Going Forwards
  • Global Surgery Cancellation Rate (%) Feb to May 2020
  • Medical Plastics - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • MEDICAL PLASTICS: AN Introduction
  • Plastics Used in Medical Devices
  • Medical Plastics - A SWOT Analysis
  • Types of Medical Plastics
  • Outlook
  • Market Limitations
  • Recent Market Activity



  • Medical Device Development Drives Opportunities in Plastics Market
  • Growing Demand for Point of care Diagnostics Drive Gains
  • Global Point-of-Care Diagnostics Devices Market in US$ billion: 2017-2025
  • Material Mix of the Global Microfluidics Market: 2020
  • Plastics Aid Artificial Organs Revolutionize Medical Industry
  • Engineered Resins Continue to Evolve
  • PEEK Polymers Gain Importance in Orthopedic Implants
  • Global Orthopedic Implants Market in US$ billion: 2017-2025
  • Thermoplastic Elastomers Find Growing Use in Medical Industry
  • Rising Popularity of TPEs for Medical Tubing Applications
  • Global Medical Tubing Market Revenues in US$ Billion for the Years 2018, 2020 and 2022
  • Antimicrobial Plastics for Medical Devices Gain Prominence
  • Hospital-acquired infections (HAIs) by Site in the US
  • Rise in Use of Bioresorbable Polymers in the Healthcare Space
  • Growing Applications of Bioresorbable and Biodegradable Polymers
  • Percentage Share of Bio-Based Plastics in Global Plastic Production for the Years 2010, 2015 and 2020
  • Biodegradable Polymers in Nano Drugs: A Growing Market
  • 3D and 4D Printing Technologies Unfurls Importance of Plastics
  • 3D Printing Comes to Aid in Times of COVID-19 Crisis
  • Growing Adoption of Medical Robots Creates Demand for High Strength Plastics
  • World Surgical Robots Market by Component Type: 2020E
  • World Surgical Robots Market by Surgery Type: 2020E
  • Global Surgical Robots Market Estimates and Forecasts in US$ Billion: 2015-2025
  • Plastics Render Introduction of Medical Devices in Different Color Variants
  • Disposables Widen Demand for Advanced Polymers
  • World 14-Year Perspective for Artificial Organs by Product Segment - Percentage Breakdown of Dollar Sales for Artificial Heart, Artificial Kidneys,
  • Total Number of People on the Waiting List for Organ Transplantation in the US by Type: 2018
  • Use of Plastics as a Skin Graft: A Novel Application
  • Select Innovations
  • Rise in Healthcare Expenditure to Drive Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Demographic Trends Push the Market Ahead
  • Global Aging Population: Population of 65+ Individuals (in Thousands) by Region for 2019 and 2030




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Global Market for Medical Plastics

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