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Medical Plastics Market Worth 21.06 Billion USD by 2022


News provided by

MarketsandMarkets

17 Oct, 2017, 16:30 GMT

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PUNE, India, October 17, 2017 /PRNewswire/ --

The report "Medical Plastics Market by Type (PVC, PP, Engg, Plastics, PE, PS, Silicones), Application (Implants, Disposables, Drug Delivery Devices, Syringes, Diagnostic Instruments, Catheters, Surgical Instruments), and Region - Global Forecast to 2022" published by MarketsandMarkets, the market is projected to grow from USD 13.85 Billion in 2016 to USD 21.06 Billion by 2022, at a CAGR of 7.3% during the forecast period.

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Browse 71 Market Data Tables and 34 Figures spread through 151 Pages and in-depth TOC on "Medical Plastics Market"

http://www.marketsandmarkets.com/Market-Reports/medical-plastics-market-83738633.html

Early buyers will receive 10% customization on this report.

This growth can be attributed to the aging population, increasing demand for existing and new medical technologies, and growing application globally. New product launches and agreements & joint ventures undertaken by the players operating in the market are expected to fuel market growth.

Polyvinyl Chloride was the largest type segment of the medical plastics market in 2016. 

Polyvinyl chloride is the largest type segment for medical plastics. PVC is the third most widely produced synthetic plastic polymer after polyethylene and polypropylene. The demand for PVC is high, as PVC is compatible with different kinds of additives that make it a versatile polymer and thus, is suitable for use in the manufacturing of medical plastics. PVC is widely used in the manufacturing of Class I medical devices. Medical devices manufactured using PVC can be easily sterilized using methods such as steam, radiation, or ethylene oxide. The two main applications of medically approved PVC compounds are flexible containers and tubing.

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Disposables is the largest application segment of the medical plastics market. 

Disposable medical devices can be disposed of once they are used. Medical devices such as contact lenses, hypodermic needles, disposable enemas, dialysis disposables, medical and cleaning gloves, and other medical products have been considered under this segment. Among the major disposable medical devices, the dialysis disposables subsegment is expected to witness the fastest growth rate globally, due to the increasing end-stage kidney disorder cases and high frequency of therapeutic requirements. Polymers such as silicone hydrogel, polyethylene, polystyrene, epoxy resins, and polypropylene are used for manufacturing disposable medical devices.

Asia-Pacific was the largest market for medical plastics in 2016. 

Asia-Pacific was the largest market for medical plastics in 2016. Emerging technologies such as minimally invasive medical procedures in the region have allowed it to produce better quality medical devices. The demand for medical devices has been increasing, owing to the rising awareness of early diagnosis and treatment of countless diseases in the Asia-Pacific countries.

Major players such as Lubrizol (U.S.), Ensinger (Germany), Celanese (U.S.), Trinseo (U.S.), BASF (Germany), and Arkema (France) have adopted developmental strategies such as expansions, agreements & collaborations, and new product developments to grow in the medical plastics market.

Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=83738633

Browse Related Reports 

Industrial Films Market by Film Type (LLDPE, LDPE, HDPE, PET/BOPET, PP/BOPP, CPP, PVC, Polyamide/BOPA), End-use Industry (Transportation, Construction, Industrial Packaging, Agriculture, Medical), Region - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/industrial-film-market-227835863.html

Engineering Plastics Market by Type (PC, ABS, PET & PBT, POM, Fluoropolymers), Application (Automotive & Transport, Industrial & Machinery, Packaging, Consumer Appliances) - Global Forecast to 2026 http://www.marketsandmarkets.com/Market-Reports/engineering-plastics-market-687.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
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