Medical Plastics Market Size to Grow by USD 9.37 Bn, Growth in The Geriatric Population to Drive Market Growth

NEW YORK, Oct. 17, 2022 /PRNewswire/ — The medical plastics market size is set to grow by USD 9.37 billion from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 6.07% during the forecast period, according to Technavio. The market has been segmented by automated production system (medical components, mobility aids, medical device packaging, and others) and geography (North America, Europe, APAC, and Rest of World (ROW)).

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The medical plastics market covers the following areas:

Medical Plastics Market Sizing
Medical Plastics Market Forecast
Medical Plastics Market Analysis

Market Drivers and Challenges

The growth in the geriatric population is driving the medical plastics market growth. The elderly population is prone to major musculoskeletal conditions such as balance issues and low back pain. Moreover, individuals from this population segment are also at a high risk of spinal and other orthopedic disorders. Arthritis, bursitis, osteoarthritis, rheumatoid arthritis, elbow pain, knee pain, elbow problems, hip fractures, and neck problems are some of the most common orthopedic disorders. The rise in demand for medical products such as medical implants and components will drive market growth during the forecast period.

Concerns related to the use of medical plastics are challenging the growth of the market. Mismanagement of medical plastics can lead to severe health issues and pollution. Chemical additives used in medical plastic production can also cause health concerns among consumers. Moreover, medical plastics cannot degrade easily, leading to pollution. Thus, concern related to medical plastics will negatively impact the market during the forecast period.

Market Segmentation

The medical components segment will be the largest contributor to market growth during the forecast period. The number of patients with health disorders is rising across the world due to the increase in the aging population. Moreover, there is a growing focus on the use of medical plastics for site-specific drug delivery, such as coatings on medical components. Such applications are expected to propel the growth of this segment during the forecast period.

Key Companies and their Offerings

Avantor Inc., Celanese Corp., Compagnie de Saint Gobain SA, Eastman Chemical Co., Evonik Industries AG, HMC Polymers Co Ltd., Nolato AB, Orthoplastics Ltd., SABIC, Solvay SA, Tekni Plex Inc., The Dow Chemical Co., Trelleborg AB, Trinseo PLC, BASF SE, Covestro AG, Koninklijke DSM NV, Rochling SE and Co. KG, among others, are the key vendors in the market. The offerings of some of these vendors are listed below:

  • Compagnie de Saint Gobain SA – The company offers plastic materials that enhance performance in packaging, film, and printing in the medical industry.
  • Eastman Chemical Co. – The company offers medical components using materials such as silicone, thermoplastic elastomers, and fluoropolymers.
  • Orthoplastics Ltd. – The company offers plastic products under Purell, which is a polypropylene for medical and pharmaceutical applications.
  • SABIC – The company offers plastic products under Purell, which is a polypropylene for medical and pharmaceutical applications.

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Medical Plastics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.07%

Market growth 2022-2026

USD 9.37 billion

Market structure

Fragmented

YoY growth (%)

6.85

Regional analysis

North America, Europe, APAC, and Rest of World (ROW)

Performing market contribution

North America at 32%

Key consumer countries

US, Canada, China, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Avantor Inc., Celanese Corp., Compagnie de Saint Gobain SA, Eastman Chemical Co., Evonik Industries AG, HMC Polymers Co Ltd., Nolato AB, Orthoplastics Ltd., SABIC, Solvay SA, Tekni Plex Inc., The Dow Chemical Co., Trelleborg AB, Trinseo PLC, BASF SE, Covestro AG, Koninklijke DSM NV, and Rochling SE and Co. KG

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Key Topics Covered

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Automated Production System
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Automated Production System

  • 5.1 Market segments
    • Exhibit 24: Chart on Automated Production System – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Automated Production System – Market share 2021-2026 (%)
  • 5.2 Comparison by Automated Production System 
    • Exhibit 26: Chart on Comparison by Automated Production System
    • Exhibit 27: Data Table on Comparison by Automated Production System
  • 5.3 Medical components – Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Medical components – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Medical components – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Medical components – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Medical components – Year-over-year growth 2021-2026 (%)
  • 5.4 Mobility aids – Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Mobility aids – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Mobility aids – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Mobility aids – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Mobility aids – Year-over-year growth 2021-2026 (%)
  • 5.5 Medical device packaging – Market size and forecast 2021-2026 
    • Exhibit 36: Chart on Medical device packaging – Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Medical device packaging – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Medical device packaging – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Medical device packaging – Year-over-year growth 2021-2026 (%)
  • 5.6 Others – Market size and forecast 2021-2026 
    • Exhibit 40: Chart on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Automated Production System 
    • Exhibit 44: Market opportunity by Automated Production System ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026 
    • Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026 
    • Exhibit 54: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 APAC – Market size and forecast 2021-2026 
    • Exhibit 58: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.6 Rest of World (ROW) – Market size and forecast 2021-2026 
    • Exhibit 62: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
  • 7.7 US – Market size and forecast 2021-2026 
    • Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.8 UK – Market size and forecast 2021-2026 
    • Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.9 China – Market size and forecast 2021-2026 
    • Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.10 Canada – Market size and forecast 2021-2026 
    • Exhibit 78: Chart on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 7.11 India – Market size and forecast 2021-2026 
    • Exhibit 82: Chart on India – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on India – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on India – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on India – Year-over-year growth 2021-2026 (%)
  • 7.12 Market opportunity by geography 
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges 
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Celanese Corp.
    • Exhibit 93: Celanese Corp. – Overview
    • Exhibit 94: Celanese Corp. – Business segments
    • Exhibit 95: Celanese Corp. – Key offerings
    • Exhibit 96: Celanese Corp. – Segment focus
  • 10.4 Compagnie de Saint Gobain SA 
    • Exhibit 97: Compagnie de Saint Gobain SA – Overview
    • Exhibit 98: Compagnie de Saint Gobain SA – Business segments
    • Exhibit 99: Compagnie de Saint Gobain SA – Key news
    • Exhibit 100: Compagnie de Saint Gobain SA – Key offerings
    • Exhibit 101: Compagnie de Saint Gobain SA – Segment focus
  • 10.5 Eastman Chemical Co.
    • Exhibit 102: Eastman Chemical Co. – Overview
    • Exhibit 103: Eastman Chemical Co. – Business segments
    • Exhibit 104: Eastman Chemical Co. – Key offerings
    • Exhibit 105: Eastman Chemical Co. – Segment focus
  • 10.6 HMC Polymers Co Ltd.
    • Exhibit 106: HMC Polymers Co Ltd. – Overview
    • Exhibit 107: HMC Polymers Co Ltd. – Product / Service
    • Exhibit 108: HMC Polymers Co Ltd. – Key offerings
  • 10.7 Nolato AB
    • Exhibit 109: Nolato AB – Overview
    • Exhibit 110: Nolato AB – Product / Service
    • Exhibit 111: Nolato AB – Key offerings
  • 10.8 Orthoplastics Ltd.
    • Exhibit 112: Orthoplastics Ltd. – Overview
    • Exhibit 113: Orthoplastics Ltd. – Product / Service
    • Exhibit 114: Orthoplastics Ltd. – Key offerings
  • 10.9 SABIC
    • Exhibit 115: SABIC – Overview
    • Exhibit 116: SABIC – Business segments
    • Exhibit 117: SABIC – Key offerings
    • Exhibit 118: SABIC – Segment focus
  • 10.10 Solvay SA
    • Exhibit 119: Solvay SA – Overview
    • Exhibit 120: Solvay SA – Business segments
    • Exhibit 121: Solvay SA – Key news
    • Exhibit 122: Solvay SA – Key offerings
    • Exhibit 123: Solvay SA – Segment focus
  • 10.11 Tekni Plex Inc.
    • Exhibit 124: Tekni Plex Inc. – Overview
    • Exhibit 125: Tekni Plex Inc. – Product / Service
    • Exhibit 126: Tekni Plex Inc. – Key offerings
  • 10.12 The Dow Chemical Co.
    • Exhibit 127: The Dow Chemical Co. – Overview
    • Exhibit 128: The Dow Chemical Co. – Business segments
    • Exhibit 129: The Dow Chemical Co. – Key news
    • Exhibit 130: The Dow Chemical Co. – Key offerings
    • Exhibit 131: The Dow Chemical Co. – Segment focus

11 Appendix

  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 132: Inclusions checklist
    • Exhibit 133: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 134: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 135: Research methodology
    • Exhibit 136: Validation techniques employed for market sizing
    • Exhibit 137: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 138: List of abbreviations

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