Medical Plastics Market Size Worth $85.77 Billion By 2032 | CAGR: 5.5%

The global medical plastics market size is expected to reach USD  85.77 billion by 2032, according to a new study by Polaris Market Research. The report “Medical Plastics Market Size, Share, Trends, Industry Analysis Report: By Product (Polyethylene, Polypropylene, Polycarbonate, Liquid Crystal Polymer, Polyphenylsulfone, Polyethersulfone, Polyethylenimine, and Others), Process Technology, End Use, and Region; Segment Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growth of the medical plastic market is largely attributed to the rising demand for single-use devices, which help limit the spread of diseases and reduce the need for sterilization and maintenance of equipment. In the wake of the COVID-19 outbreak, both healthcare providers and consumers are increasingly avoiding the reuse of medical tools due to the heightened risk of transmitting viruses and infections. The benefits of durability, cost-efficiency, and ease of use further drive the adoption of plastic in medical devices and surgical tools.

According to the United Nations Development Program, medical waste accounts for about 2–3% of global waste but contains a higher proportion of hazardous materials. Despite this, the increasing collaboration between firms and local companies is creating significant opportunities for the medical plastics market during the forecast period. For instance, in August 2024, Accumold, a US-based plastic fabrication firm, announced plans to showcase its product developments in medical plastics utilizing micro-molding technology at the MEDevise program in Boston in September 2024.

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Market players are opening new avenues via strategic collaborations and acquisitions. For instance, in August 2024, DuPont, a chemical company, completed the acquisition of Donatelle Plastics, Inc., a medical device producer, for USD 313 million to boost its expansion in the healthcare industry.

Medical Plastics Market Report Highlights

• In terms of product, the polyethylene segment is anticipated to witness the highest growth during the forecast period due to its structural integrity and flexibility.
• By process technology, the injection molding segment accounted for the largest market share in 2023 owing to the rising demand for surgical equipment.
• The medical plastics market in Asia Pacific is projected to register the fastest growth during the forecast period because of the growing healthcare expenditure and increasing geriatric population.
• ARAN BIOMEDICAL TEORANTA, Avantor, Celanese, Dow, Eastman Chemical Company, Evonik Industries, and HMC Polymers Company are a few global market players.

Polaris Market Research has segmented the medical plastics market report on the basis of product, process technology, end use, and region:

By Product Outlook (Revenue – USD Billion, 2019–2032)

• Polyethylene (PE)
• Polypropylene (PP)
• Polycarbonate (PC)
• Liquid Crystal Polymer (LCP)
• Polyphenylsulfone (PPSU)
• Polyethersulfone (PES)
• Polyethylenimine (PEI)
• Polymethyl Methacrylate (PMMA)
• Others

By Process Technology Outlook (Revenue – USD Billion, 2019–2032)

• Extrusion
• Injection Molding
• Blow Molding
• Others

By End Use Outlook (Revenue – USD Billion, 2019–2032)

• Medical Parts & Components
  • Dropper Bulbs
  • Drip Chambers
  • Gaskets & Stoppers
  • Orthopedics
  • Blood Collection Chambers
  • Medical Containers
  • Others
• Tubing
  • Catheter Tubing
  • Drug Delivery
  • Gas Supply
  • Peristaltic Pump
  • Oxygen Tubing
  • Blood Transport & Delivery
  • Others
• Film and Bags
  • Biopharmaceutical Storage
  • Saline Bags
  • Waste Bags
  • Others
• Surgical Tools
  • Scalpels
  • Forceps
  • Scissors
  • Others
• Medical Cables and Connectors
  • Diagnostic Equipment
  • Prosthetics
  • Others

By Regional Outlook (Revenue – USD Billion, 2019–2032)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Medical Plastics Market Report Scope