NORTH AMERICA MEDICAL PLASTIC RD
North America Medical plastic Market Forecast to 2027 – COVID-19 Impact and North America Analysis – By Type (Standard plastic, Engineering plastic, High Performance Plastic (HPP), Silicone, and Others); Application (Medical Disposables, Prosthetics, Medical Instruments and Tools, Drug Delivery, and Others), and Country
Pages: 119
Market Introduction
Medical plastics are made from a huge number of macromolecules, which are utilized to produce consistent and safe instruments in the healthcare industry. They are remarkably long-lasting, supple, and economical. The performance, sterility, and quality of these tools is a major factor for market expansion. Medical plastics find a broad range of applications in diagnostic instruments, implants, disposables, drug delivery devices, surgical instruments, syringes, and catheters. The global population is projected to increase in the coming years. With the increasing population, diseases and infections are rampantly overspreading through several mediums. The rising geriatric population further enhances the development of the healthcare sector. Moreover, medical plastics are also exploited in prosthetics, and it offers a life-changing solution for physically disabled people.
Market Overview and Dynamics
The North America Medical plastic market was valued at US$ 7,893.8 million in 2019 and is projected to reach US$ 14,249.6 million by 2027; it is expected to grow at a CAGR of 7.7% during the forecast period. Factors driving the market growth advantages of using medical plastic and growing demand from packaged and processed food industry. However, the availability of substitutes is likely to have a negative impact on the market growth.
Key Market Segments
By type, the standard plastic segment accounted for the largest market share in the North America medical plastic market in 2019. In terms of application, the medical application and tools segment held the largest market share of the medical plastic market by 2027.
Major Sources and Companies Listed
Some of the major primary and secondary sources for North America Medical plastic market included in the report are Celanese Corporation, Eastman chemical company, GW Plastics, Orthoplastics Limited, Aran Biomedical, Rochling , SABIC , Saint-Gobain, Solvay , and Dow.
Impact of COVID-19 Pandemic on Medical plastic Market
In North America, Italy is the hardest-hit country by the COVID-19 outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of COVID-19 cases. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in North America.
Reasons to buy the report
North America Medical plastic Market Segmentation
By Application
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 7,893.8 Million |
| Market Size by 2027 | US$ 14,249.6 Million |
| CAGR (2019 - 2027) | 7.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
Company Profiles
The North America Medical Plastic Market is valued at US$ 7,893.8 Million in 2019, it is projected to reach US$ 14,249.6 Million by 2027.
As per our report North America Medical Plastic Market, the market size is valued at US$ 7,893.8 Million in 2019, projecting it to reach US$ 14,249.6 Million by 2027. This translates to a CAGR of approximately 7.7% during the forecast period.
The North America Medical Plastic Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Medical Plastic Market report:
The North America Medical Plastic Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Medical Plastic Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Medical Plastic Market value chain can benefit from the information contained in a comprehensive market report.
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