Medical Plastics Market Growth, Opportunities, Trends, Regional Analysis and Forecast Graphs
Medical plastics are materials specifically designed for use in medical devices, equipment, and packaging. They are biocompatible, sterilizable, and often transparent, making them suitable for applications such as implants, surgical instruments, tubing, and packaging for pharmaceuticals. Medical plastics play a crucial role in modern healthcare by providing lightweight, durable, and cost-effective...
SABIC (Saudi Arabia) and Celanese (US) are the Major Players in the COVID-19 Impact On Medical Plastics Market
The global medical plastics market size during this pandemic is projected to grow from USD 25.1 billion in 2020 to USD 29.4 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period. The major drivers for the medical plastics industry include the growing demand from OEMs and medical device/equipment manufacturers for the production of critical care systems such as...
Growing Medical Needs Fueling the Growth of Medical Plastics Market
Thanks to the increasing usage of medical plastics, the medical & healthcare industry would not be like what it is nowadays. Advances in medical technology coupled with huge demand for stronger, lighter, cost-effective, and durable medical devices have fueled the demand for medical plastics as well. Medical plastics are used widely in manufacturing of medical devices and products, thus forming...