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Global Medical Plastics Market Report 2021: Future Growth Potential Enhanced by Increasing Healthcare Expenditure in Developing Economies - ResearchAndMarkets.com

·5-min read

DUBLIN, September 28, 2021--(BUSINESS WIRE)--The "Global Medical Plastics Market 2021 - Transformative Mega Trends Power the Industry" report has been added to ResearchAndMarkets.com's offering.

Medical plastics offer remarkable benefits over conventional materials, such as metals, glass, and ceramics, and have been revolutionizing the medical industry over the last few years.

They are extremely cost-effective, flexible, durable, biocompatible, chemically inert, resistant to wear and tear, lightweight, and recyclable. Plastic materials offer miniaturization, greater ease of processing and sterilization and are being used worldwide for various medical applications including medical devices, surgical instruments, capital equipment, prosthetics, implants, and pharma packaging.

Both by value and volume, CTP including polyolefins (PO), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and polystyrene (PS) had the highest share in the global medical plastics market in 2020 and are expected to retain it during the forecast period.

These polymers are extensively preferred due to their low costs, performance benefits, and wider availability. CTP are majorly used in packaging, such as manufacturing medical bottles, containers, prefilled syringes, caps and closures, blister packaging, blood bags, and other pharma and medical packaging products.

Developing countries, especially those in Asia-Pacific, MEASA, and Latin America are undergoing rapid economic development and urbanization and have emerged as prominent low-cost manufacturing hubs for various plastic-based medical products. The mature markets of North America and Europe are focused on acquiring sustainable value-added medical plastics while providing improved performance across diverse domains.

Due to the recent COVID-19 pandemic, the healthcare industry witnessed a significant drop in elective and semi-elective medical procedures including plastic, replacement, exploratory, and cardiovascular surgeries in 2020, as hospitals focused on treating COVID-19 patients.

To retain their position in the supply chain and ensure a smooth product supply of products, medical plastic manufacturers are anticipated to strengthen long-term relationships with resin producers, distributors, compounders, and extruders.

In addition, the market is expected to exhibit mergers and acquisitions and vertical integration activities among companies to increase their product offerings and stay ahead of the competition. Companies are also focused on developing value-added and innovative product grades and enhancing the performance of existing ones to drive revenue growth.

Key Topics Covered:

1. Strategic Imperatives

  • Why is it Increasingly Difficult to Grow?

  • The Strategic Imperative

  • The Impact of the Top Three Strategic Imperatives on the Medical Plastics Industry

  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis, Medical Plastics Market

  • Medical Plastics Market Overview and Scope of Analysis

  • Medical Plastics Market Segmentation

  • Key Growth Metrics for Medical Plastics Market

  • Growth Drivers for the Medical Plastics Market

  • Growth Driver Analysis for Medical Plastics Market

  • Growth Restraints for the Medical Plastics Market

  • Growth Restraint Analysis for the Medical Plastics Market

  • Graphical Summary of Drivers and Restraints for Medical Plastics Market

  • Forecast Assumptions, Medical Plastics Market

  • Revenue and Volume Shipment Forecast, Medical Plastics Market

  • Revenue and Volume Shipment Forecast Analysis, Medical Plastics Market

  • Revenue Forecast by Plastic Types, Medical Plastics Market

  • Volume Shipment Forecast by Plastic Types, Medical Plastics Market

  • Revenue and Volume Shipment Forecast Analysis by Plastic Types, Medical Plastics Market

  • Pricing Trends and Forecast, Medical Plastics Market

  • Pricing Trends and Forecast by Plastic Types, Medical Plastics Market

  • Pricing Trends and Forecast Analysis, Medical Plastics Market

  • Value Chain, Medical Plastics Market

  • Value Chain Analysis, Medical Plastics Market

  • Competitive Environment, Medical Plastics Market

  • Revenue Share, Medical Plastics Market

  • Revenue Share, Medical Plastics Market by Plastic Types

  • Revenue Share Analysis, Medical Plastics Market

3. Growth Opportunity Analysis, Commodity Thermoplastics

  • Commodity Thermoplastics - Segment Characteristics and Overview

  • Key Growth Metrics for Commodity Thermoplastics

  • Revenue and Volume Shipment Forecast, Commodity Thermoplastics

  • Revenue and Volume Shipment Forecast Analysis, Commodity Thermoplastics

  • Revenue Forecast by End-Products, Commodity Thermoplastics

  • Volume Shipment Forecast by End-products, Commodity Thermoplastics

  • Revenue and Volume Shipment Forecast Analysis by End-products, Commodity Thermoplastics

  • Revenue Forecast by Region, Commodity Thermoplastics

  • Volume Shipment Forecast by Region, Commodity Thermoplastics

  • Revenue and Volume Shipment Forecast Analysis by Region, Commodity Thermoplastics

4. Growth Opportunity Analysis, Engineering Thermoplastics

  • Engineering Thermoplastics - Segment Characteristics and Overview

  • Key Growth Metrics for Engineering Thermoplastics

  • Revenue and Volume Shipment Forecast, Engineering Thermoplastics

  • Revenue and Volume Shipment Forecast Analysis, Engineering Thermoplastics

  • Revenue Forecast by End-products, Engineering Thermoplastics

  • Volume Shipment Forecast by End-products, Engineering Thermoplastics

  • Revenue and Volume Shipment Forecast Analysis by End-products, Engineering Thermoplastics

  • Revenue Forecast by Region, Engineering Thermoplastics

  • Volume Shipment Forecast by Region, Engineering Thermoplastics

  • Revenue and Volume Shipment Forecast Analysis by Region, Engineering Thermoplastics

5. Growth Opportunity Analysis, Other Plastics

  • Other Plastics - Segment Characteristics and Overview

  • Key Growth Metrics for Other Plastics

  • Revenue and Volume Shipment Forecast, Other Plastics

  • Revenue and Volume Shipment Forecast Analysis, Other Plastics

  • Revenue Forecast by End-Products, Other Plastics

  • Volume Shipment Forecast by End-products, Other Plastics

  • Revenue and Volume Shipment Forecast Analysis by End-products, Other Plastics

  • Revenue Forecast by Region, Other Plastics

  • Volume Shipment Forecast by Region, Medical Plastics Market for Other Plastics

  • Revenue and Volume Shipment Forecast Analysis by Region, Other Plastics

6. Growth Opportunity Universe, Medical Plastics Market

  • Growth Opportunity 1 - Continuous Demand for Cost-effective Medical Plastics in Developing Economies, 2020

  • Growth Opportunity 2 - Investment in High-quality Medical Plastics for the Developed World, 2020

  • Growth Opportunity 3 - Inorganic Growth Strategies and Value-driven Pricing Approach for Both Developed and Developing Economies, 2020

7. Next Steps

For more information about this report visit https://www.researchandmarkets.com/r/rbcqn3

View source version on businesswire.com: https://www.businesswire.com/news/home/20210928005943/en/

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