Medical Plastics Market Size, Share, Outlook, and Analysis, 2018-2026embed
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.
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 Get Request a Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/1990 REPORT DESCRIPTION Medical Plastics Market – Key Players Ensinger Trinseo Lubrizol Corporation Celanese Corporation BASF SE 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. Get More Inf @ https://www.coherentmarketinsights.com/ongoing-insight/medical-plastics-market-1990 ABOUT COHERENT MARKET INSIGHTS Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. 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