Medical Plastics Market Size, Share, Outlook, and Analysis, 2018-2026

Medical Plastics Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2018-2026
REPORT DESCRIPTION
Medical Plastics Market – Overview
Increasing usage of medical devices in hospitals is driving growth of the Medical Plastics Market. Medical
devices such as MRI plays a vital role in lab tests and clinical diagnostics for inner body insights. Increasing use
of imaging techniques such as MRI is likely to boost growth of the medical plastics market. For instance,
according to a report published in the National Health Services 2017, around 41 million medical imaging tests
were performed in England in 2017, of which 3.49 million imaging tests took place in January 2017, where MRI
was performed 0.28 million times.
Moreover, increasing investments by government bodies and private organizations for health and medical
researches and development is expected to propel growth of medical plastics market. For instance, according U.S.
Investments in Medical and Health Research and Development report 2017published by Research America,
investment in medical and health research and development (R&D) in the U.S. grew by 20.6% between 2013 and
2016. Also, private industries invested around US$ 115.9 billion in medical and health R&D whereas, federal
agencies invested a total of US$ 37.6 billion, with the National Institutes of Health (NIH) accounting for nearly
US$ 30.5 billion.
REPORT DESCRIPTION
Medical Plastics Market Taxonomy:
On the basis of product type, the global medical plastics market is segmented into:
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Polyethylene (PE)
Polystyrene (PS)
Silicones
On the basis of application, the global medical plastics market is segmented into:
Drug Delivery Devices
Implants
Syringes
Disposables
Catheters
Diagnostic Instruments
Surgical Instruments
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REPORT DESCRIPTION
Medical Plastics Market – Key Players
Ensinger
Trinseo
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Lubrizol Corporation
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Celanese Corporation
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BASF SE
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Arkema
Key players are adopting various strategies such as mergers, acquisitions, partnership, and new product
launches to retain their dominant position in the medical plastics market. For instance, in 2017, Trinseo
completed the acquisition of API Applicazioni Plastiche Industriali S.p.A., which includes API’s
manufacturing and research facility at Mussolente, Italy, and all of API’s business, employees, and assets.
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Various developments in high-performance polymers and the related advantages of plastics over other materials have widened the opportunities of plastics in the healthcare sector.