Medical Plastics Market

Industry Overview

The global medical plastics market is expected to grow from USD 26.0 billion to USD 43.2 billion by 2030 at a CAGR of 8.6% during the forecast period ranging from 2025 to 2030.

Medical grade plastics are different from standard plastics since these can endure high temperature, chemical reactivity, and are usually corrosion free. The medical-grade plastics are usually made of polypropylene and polycarbonate polymers as well as special plastics with antimicrobial coatings. These materials can prevent spreading of dangerous infections and viruses. These plastics are typically non-permeable and shatterproof allowing them to be used for transporting biohazardous materials safely. These are also extensively used in pharmaceutical industry to make tamper-proof caps, lightweight implants and durable prosthetics.

The major growth factor of the medical plastics market is the rise in the healthcare expenditure for producing healthcare equipment for both research and development and treatment purposes. In addition, the growing demand for disposable medical devices due to rising preference for single-use medical devices to reduce cross-contamination risks and improve patient safety, and developments in healthcare technologies and diagnostics also propels the market growth.

Strict regulatory compliance and standards for environmental impact as well as growing cost pressures due to fluctuating price of raw materials pose significant challenges to the market growth. However, the market shows huge growth prospects due to continuous innovations in material science and developments in manufacturing technologies as well as rising healthcare spending.

Market Segmentation

Insight by Type

The global medical plastics market is categorized by type into engineered plastics, standard plastics, and others. Others include plastics such as PEEK, TPE & TPU, polystyrene, PS, PTFE, and silicone. During the study period, the standard plastics segment is expected to grow at a higher rate due to higher adoption in making specific products such as masks, gloves, syringes, lab wares, trays and other personal protective kits.

Insight by Application

On the basis of application, the medical plastics market is divided into medical disposables, prosthetics, medical instruments & tools, drug delivery, medical trays, sterilization trays, and lab wares. Out of all these segments, the medical disposables segment is expected to grow at a higher rate during the forecast period due to its versatility.

Insight by Process Technology

Different processing technologies also divide the medical plastics market into Extrusion, Injection Molding, Blow Molding, and other segments. Out of these segments, during the forecast period the injection molding segment is expected to grow at a higher rate due to widespread adoption and use due to its advantages and ability to meet the compliance requirements. The blow molding segment will also grow due to higher popularity for manufacturing bottles and containers used in the medical industry and due to its simplicity and cost-effectiveness.

Global Medical Plastics Market Report Coverage

Industry Dynamics

Industry Trends

The global medical plastics market is observing trends towards biocompatible and sustainable materials. This is mainly driven by the growing environmental concerns and regulatory pressures. In addition, the significant developments in 3D printing technologies are transforming manufacturing, while wearable medical devices integrating plastics are improving patient monitoring. In addition, design optimization manufacturing and assembly is also growing trend witnessed in the market to streamline the production processes.

Growth Drivers

The most significant factor pushing the growth of the global medical plastics market is the growing geriatric population that is more vulnerable to chronic diseases needing plastic medical devices and equipment. The strict regulatory standards to ensure use of safe and biocompatible materials in medical applications also promote the adoption of medical-grade plastics for compliance, driving market growth. In addition, innovations in material science resulting in the development of bioresorbable polymers and antimicrobial plastics as well as the growing healthcare infrastructure expenditure in developing countries also contribute to the market growth.

Challenges

The growing environmental concerns and rising scrutiny on plastic waste management and environmental sustainability are posing significant challenges for the widespread adoption of these plastics due to disposal issues, and therefore hindering the growth of the global medical plastics market. Also, existence of a large number of market players and stiff competition among them prevents market growth.

Opportunities

The notable shift towards personalized medicine and customized medical devices by patients offers significant growth opportunities to the market. Apart from that, the growth of the developing markets due to rapidly developing healthcare infrastructure in emerging economies allows higher penetration and expansion of the market.

Geographic Overview

North America is the largest revenue contributor to the market and will grow significantly during the forecast period due to continuous developments in medical technologies and materials, growing aging population with higher healthcare needs, strict regulatory measures and compliance requirements, and a robust healthcare infrastructure, facilities, and expenditure.

The APAC market will grow due to rapid economic development and higher healthcare spending, growing demand for medical devices and plastics, increasing awareness about healthcare, progress in medical treatments, higher investments in healthcare infrastructure and facilities, and higher adoption of new technologies and manufacturing processes.

Competitive Insight

Evonik Industries AG is a publicly-listed German specialty chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second-largest chemicals company in Germany which is the largest specialty chemical company accross the world. 

Saudi Basic Industries Corporation (SABIC), is a Saudi chemical manufacturing company which is active in chemicals, industrial polymers, petrochemicals and fertilizers.

SABIC, BASF, Celanese, Evonik, Solvay, and Covestro are few leading players in the global medical plastics market. Increase in production, mergers and partnerships to enhance their regional presence in the COVID-19 affected areas to meet the demand of medical plastics in the affected areas. 

Recent Developments by Key Players

Evonik cements has expanded its sodium methylate production capacity at its Rosario plant in Argentina. This focus on innovation aligns with Evonik's commitment to sustainability, as increased biodiesel production lowers greenhouse gas emissions and contributes to reduce reliance on fossil fuels which signifies Evonik's long-term vision for a greener future for South America's energy sector.

Celanese Corporation (a global specialty materials and chemical company) has opened two new facilities in India that is technical center in Silvassa and a new shared service center in Hyderabad. These centers shall brings together state of the art application development, testing and analytics capabilities that are designed to support the growth of its customers in India and provide services to Celanese global teams.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behaviour.

The Medical Plastics Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• Type
  • Engineering Plastics
  • Standard Plastics
  • Others
• Application
  • Medical Disposables
  • Prosthetics
  • Medical Instruments & Tools
  • Drug Delivery
  • Others

Region Covered in the Report

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• U.K.

• France

• Italy

• Spain

• Russia

• Rest of Europe

• Asia-Pacific (APAC)

• China

• Japan

• Vietnam

• India

• South Korea

• Rest of Asia-Pacific

• Middle East and Africa (MEA)

• UAE

• Saudi Arabia

• South Africa

• Rest of MEA

• Latin America

• Argentina

• Brazil

• Chile

• Rest of LATAM

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Type
                1.2.2.    By Application
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2025

5.    Market Segmentation Estimate and Forecast

        5.1.    By Type
                5.1.1.    Passenger Screening
                        5.1.1.1.    Market Definition
                        5.1.1.2.    Market Estimation and Forecast to 2030
                5.1.2.    Standard Plastics
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2030
                5.1.3.    Others
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2030
        5.2.    By Application
                5.2.1.    Medical Disposables
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2030
                5.2.2.    Prosthetics
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2030
                5.2.3.    Medical Instruments & Tools
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2030
                5.2.4.    Drug Delivery
                        5.2.4.1.    Market Definition
                        5.2.4.2.    Market Estimation and Forecast to 2030
                5.2.5.    Others
                        5.2.5.1.    Market Definition
                        5.2.5.2.    Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By Type
        6.2.    By Application
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Type
        7.2.    By Application
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Russia Market Estimate and Forecast
                7.3.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Type
        8.2.    By Application
        8.3.    By Country 

                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Type
        9.2.    By Application
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    U.A.E. Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Rochling Group
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    SABIC
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    BASF
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Celanese
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Evonik
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Solvay
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Covestro
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Nolato AB
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    GW Plastics, Inc.
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Eastman Chemical Company
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Medical Plastics Market Size, by Type, 2018 – 2023 (USD Million)
Table 5 Global Medical Plastics Market Size, by Type, 2025 - 2030 (USD Million)
Table 6 Global Medical Plastics Market Size, by Application, 2018 – 2023 (USD Million)
Table 7 Global Medical Plastics Market Size, by Application, 2025 - 2030 (USD Million)
Table 8 Global Medical Plastics Market Size, by Region, 2018 – 2023 (USD Million)
Table 9 Global Medical Plastics Market Size, by Region, 2025 - 2030 (USD Million)
Table 10 North America Medical Plastics Market Size, by Type, 2018 – 2023 (USD Million)
Table 11 North America Medical Plastics Market Size, by Type, 2025 - 2030 (USD Million)
Table 12 North America Medical Plastics Market Size, by Application, 2018 – 2023 (USD Million)
Table 13 North America Medical Plastics Market Size, by Application, 2025 - 2030 (USD Million)
Table 14 North America Medical Plastics Market Size, by Country, 2018 – 2023 (USD Million)
Table 15 North America Medical Plastics Market Size, by Country, 2025 - 2030 (USD Million)
Table 16 Europe Medical Plastics Market Size, by Type, 2018 – 2023 (USD Million)
Table 17 Europe Medical Plastics Market Size, by Type, 2025 - 2030 (USD Million)
Table 18 Europe Medical Plastics Market Size, by Application, 2018 – 2023 (USD Million)
Table 19 Europe Medical Plastics Market Size, by Application, 2025 - 2030 (USD Million)
Table 20 Europe Medical Plastics Market Size, by Country, 2018 – 2023 (USD Million)
Table 21 Europe Medical Plastics Market Size, by Country, 2025 - 2030 (USD Million)
Table 22 Asia-Pacific Medical Plastics Market Size, by Type, 2018 – 2023 (USD Million)
Table 23 Asia-Pacific Medical Plastics Market Size, by Type, 2025 - 2030 (USD Million)
Table 24 Asia-Pacific Medical Plastics Market Size, by Application, 2018 – 2023 (USD Million)
Table 25 Asia-Pacific Medical Plastics Market Size, by Application, 2025 - 2030 (USD Million)
Table 26 Asia-Pacific Medical Plastics Market Size, by Country, 2018 – 2023 (USD Million)
Table 27 Asia-Pacific Medical Plastics Market Size, by Country, 2025 - 2030 (USD Million)
Table 28 RoW Medical Plastics Market Size, by Type, 2018 – 2023 (USD Million)
Table 29 RoW Medical Plastics Market Size, by Type, 2025 - 2030 (USD Million)
Table 30 RoW Medical Plastics Market Size, by Application, 2018 – 2023 (USD Million)
Table 31 RoW Medical Plastics Market Size, by Application, 2025 - 2030 (USD Million)
Table 32 RoW Medical Plastics Market Size, by Country, 2018 – 2023 (USD Million)
Table 33 RoW Medical Plastics Market Size, by Country, 2025 - 2030 (USD Million)
Table 34 Snapshot – Rochling Group
Table 35 Snapshot – SABIC
Table 36 Snapshot – BASF
Table 37 Snapshot – Celanese
Table 38 Snapshot – Evonik
Table 39 Snapshot – Solvay
Table 40 Snapshot – Covestro
Table 41 Snapshot – Nolato AB
Table 42 Snapshot – GW Plastics, Inc.
Table 43 Snapshot – Eastman Chemical Company

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Types for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Medical Plastics Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Medical Plastics Market Highlight
Figure 12 Global Medical Plastics Market Size, by Type, 2018 - 2030 (USD Million)
Figure 13 Global Medical Plastics Market Size, by Application, 2018 - 2030 (USD Million)
Figure 14 Global Medical Plastics Market Size, by Region, 2018 - 2030 (USD Million)
Figure 15 North America Medical Plastics Market Highlight
Figure 16 North America Medical Plastics Market Size, by Type, 2018 - 2030 (USD Million)
Figure 17 North America Medical Plastics Market Size, by Application, 2018 - 2030 (USD Million)
Figure 18 North America Medical Plastics Market Size, by Country, 2018 - 2030 (USD Million)
Figure 19 Europe Medical Plastics Market Highlight
Figure 20 Europe Medical Plastics Market Size, by Type, 2018 - 2030 (USD Million)
Figure 21 Europe Medical Plastics Market Size, by Application, 2018 - 2030 (USD Million)
Figure 22 Europe Medical Plastics Market Size, by Country, 2018 - 2030 (USD Million)
Figure 23 Asia-Pacific Medical Plastics Market Highlight
Figure 24 Asia-Pacific Medical Plastics Market Size, by Type, 2018 - 2030 (USD Million)
Figure 25 Asia-Pacific Medical Plastics Market Size, by Application, 2018 - 2030 (USD Million)
Figure 26 Asia-Pacific Medical Plastics Market Size, by Country, 2018 - 2030 (USD Million)
Figure 27 RoW Medical Plastics Market Highlight
Figure 28 RoW Medical Plastics Market Size, by Type, 2018 - 2030 (USD Million)
Figure 29 RoW Medical Plastics Market Size, by Application, 2018 - 2030 (USD Million)
Figure 30 RoW Medical Plastics Market Size, by Country, 2018 - 2030 (USD Million)