The Worldwide Medical Plastics Industry is Expected to Reach $27.5 Billion by 2027 - ResearchAndMarkets.com

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DUBLIN, May 17, 2022--(BUSINESS WIRE)--The "Medical Plastics Market Research Report by Type (Biodegradable Polymers, Engineering Plastics, and High-performance Plastics), Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Medical Plastics Market size was estimated at USD 25,620.79 million in 2020, USD 27,922.35 million in 2021, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.23% to reach USD 47,561.06 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Medical Plastics Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Medical Plastics Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Medical Plastics Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Medical Plastics Market?

4. What is the competitive strategic window for opportunities in the Global Medical Plastics Market?

5. What are the technology trends and regulatory frameworks in the Global Medical Plastics Market?

6. What is the market share of the leading vendors in the Global Medical Plastics Market?

7. What modes and strategic moves are considered suitable for entering the Global Medical Plastics Market?

Market Dynamics

Drivers

  • Growth of Plastics in the Medical Device Industry

  • Growing Need for High-Performance Plastics in Medical Applications

  • Increasing Usage of 3D Printing Technologies for Medical Implants

Restraints

  • Time Consuming Regulatory Approval Process

Opportunities

  • Device Miniaturization Trend and Increasing Awareness of Advanced Prosthetics

  • Usage of Eco-Friendly Polymers to Reduce the Medical Wastes

Challenges

  • Concerns Over Plastic Waste Management

Companies Mentioned

  • Arkema S.A.

  • Avantor, Inc.

  • Avient Corporation

  • BASF SE

  • Celanese Corporation

  • Covestro AG

  • Dow Inc.

  • DuPont de Nemours, Inc.

  • Eastman Chemical Company

  • Ensinger GmbH

  • Evonik Industries AG

  • Fortune Medical Plastic Products Company

  • Nolato AB

  • Orthoplastics Ltd.

  • RTP Company

  • Rochling SE & Co. KG

  • SABIC

  • Saint-Gobain Group

  • Solvay S.A.

  • Tekni-Plex, Inc.

  • Trelleborg AB

  • Trinseo S.A.

For more information about this report visit https://www.researchandmarkets.com/r/elm3m5

View source version on businesswire.com: https://www.businesswire.com/news/home/20220517005716/en/

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