Europe Medical Plastic Market is expected to reach USD 4.84 billion by 2024. Plastic is termed as a material, which is a part of synthetic solids, or semi-synthetic solids, which are used in producing industrial products. Medical plastic makes the procedure simpler and patients safer. It is used in manufacturing of several medical devices and equipment’s from diagnostic wants to MRI machines as well as surgical and medical tubing. The Europe Medical Plastic Market is estimated to grow at a significant CAGR of 5% over the forecast period as the scope and its applications are rising enormously across the globe.

Rising demand for medical plastic applications like surgical instruments, implants, and others, growing government initiative to support medical industry in the region, increasing R&D expenditure, and high demand for healthcare facilities and services are documented as major factors of Europe Medical Plastic Market that are estimated to enhance the growth in the years to come. However, waste disposal may be a major restraint to overall market in the coming years. Europe Medical Plastic industry is segmented based on type, application, and region.

Silicones, polyvinyl chloride, polystyrene, polypropylene, polyethylene, engineering plastics, and other types could be explored in Europe Medical Plastic in the forecast period. Polyvinyl chloride accounted for the substantial market share of Europe Medical Plastic and is estimated to lead the overall market in the coming years.

The market may be categorized based on applications like drug delivery devices, disposables, dental tools, medical bags, diagnostic instruments, catheters, surgical instruments, syringes, implants, and others could be explored in the forecast period. Disposables sector accounted for the significant market share of Europe Medical Plastic and is estimated to continue its dominance in the coming years. This may be because of ensuring accuracy and safety, growing trend of self-medication & homecare, user-friendly products, and eliminating the effects of cross-contamination.

Italy accounted for the substantial market share of Europe Medical Plastic and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be government initiative for the development of healthcare sector and rising home healthcare market in the country. Also, in terms of revenue Germany is estimated to grow at highest CAGR in the coming years. This may be because of increasing public health insurance plan, high spending on healthcare by customers, and rising acceptance of enhanced medication technologies in the country.

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The key players of Europe Medical Plastic Market are Röchling, Lubrizol, Evonik, Ensinger, DSM, Celanese, Biometrics, Trinseo, Arkema, and BASF. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Market Segment:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
• Polyvinyl Chloride
• Polypropylene
• Polyethylene
• Polystyrene
• Silicone
• Engineering Plastic
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
• Disposables
• Polyvinyl Chloride
• Polyethylene
• Silicones
• Polystyrene
• Others
• Containers
• Polyvinyl Chloride
• Polyethylene
• Polypropylene
• Catheters
• Polyvinyl Chloride
• Polyethylene
• Silicones
• Others
• Surgical instruments
• Engineering plastic
• Polypropylene
• Silicone
• Others
• Medical bags
• Polypropylene
• Polyethylene
• Implants
• Engineering plastic
• Polypropylene
• Silicone
• Others
• Drug testing equipment
• Engineering plastic
• Polystyrene
• Others
• Polypropylene
• Polystyrene
• Silicone
• Engineering plastic
• Others

The report “Europe Medical Plastic Market Size & Forecast Report, 2013 - 2024” is available now at https://www.millioninsights.com/industry-reports/europe-medical-plastic-market

Country Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
• Germany
• UK
• France
• Italy
• Rest of Europe

The global Medical Plastics Market size is expected to value at USD 33.6 billion by 2025. The market is subject to witness a substantial growth due to the growing demand for sterilized plastics form healthcare sector. Implementation and upgradation of infection prevention standards is one of the critical factors responsible for the growth of medical plastics industry of late.

The other factors such as rise in the number of surgical, hospital, and outpatient procedures are expected to boost the market growth over the forecast period. Globally, the medical plastics market is predicted to grow at CAGR of 5.7% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

However, changes in prices of crude oil are considered as critical factors responsible for variations in the cost of materials like polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), and polystyrene, thereby largely affecting market expansion during the forecast period. Additionally, increasing production in the Chinese market is predicted to fuel the price of raw material. Such factors are expected to negatively hamper market growth in the years to come.

Yet, rising healthcare expenditure by local governments and growing preference toward adoption of medical plastic by various clinics and healthcare professionals is predicted to boost market growth in the years to come. Furthermore, rising competition in the market is responsible for the development of innovative products, thus leading to market expansion.

Development of advanced grade plastics and their use in the healthcare sector is predicted to drive the growth of medical plastic industry in near future. Medical plastics are extensively integrated through-out supply chain network in healthcare sector. Growing adoption of the advanced grade plastics in all four stages in the supply chain network including end-use products that are largely utilized used by the governmental clinics, number of medical institutions & facilities, and private clinics, are predicted to amplify the growth of medical plastics market over the forecast period.

Rise in the per capita income in both - developed and developing economies is likely to boost demand of the medical plastics in coming years. Medical plastics are known for their enhanced product quality and cost-effectiveness, particularly in comparison with their counterparts, leading to growing demand for the product. Higher production rate and easy availability of medical plastics are expected to drive market demand in next decade. Increasing adoption of thermoforming polypropylene by pharmaceutical companies is attributed to factors such as high strength packaging and higher impact resistance for the packaged products. Other advantages of the thermoforming polypropylene include high durability and sanitization, thus escalating market demand, in the recent years.

The integration of plastic into modern medicine has gradually risen over the past decade. Medical plastics have substantially reduced medicine costs, and pain management. Advanced polymers are increasingly adopted to manufacture new and enhanced artificial limbs. Such polymers are vital for production of plastic disposable delivery devices that are critical in limiting the risk of infection to patients. Medical plastics directly affect patient’s health condition, thus saving more lives with their prolonged use.

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The medical plastics industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of the latest technologies in medicine and pharmaceutical sector and existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the medical plastic market with massive growth in forecast period.

Countries such as India, China, and Japan are leading the Asia-Pacific’s market with rise in the healthcare spending, increase in incidences of lifestyle disorders and diseases, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the medical plastics industry are Celanese Co., Eastman Chemical Co., Spectrum Plastics Group, Emco Industrial Plastics, Inc., Ensinger GmbH, Connecticut Plastics Co., and Dow Chemical Co.

Market Segment:

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Medical Device Packaging
• Polyvinyl Chloride
• Polypropylene
• PETG
• HDPE
• Polystyrene
• PEEK
• Others
• Medical Components
• Polyvinyl Chloride
• Polypropylene
• Polyethylene
• Polycarbonate
• PEEK
• ABS
• Polystyrene
• Engineering Plastics
• Others
• Orthopedic Implant Packaging
• Polyvinyl Chloride
• ABS
• PETG
• Polycarbonate
• Others
• Orthopedic Soft Goods
• Polypropylene
• Silicone
• ABS
• Polycarbonate
• PEEK
• Engineering Plastics
• Wound Care
• Polypropylene
• Thermoplastic Polyurethanes
• Others
• Cleanroom Supplies
• Polyvinyl Chloride
• Polypropylene
• PETG
• Polycarbonate
• PEEK
• ABS
• Polystyrene
• Engineering Plastics
• Others
• BioPharma Devices
• Polycarbonate
• Silicone
• Engineering plastic
• Others
• Mobility Aids
• ABS
• Polycarbonate
• PEEK
• Engineering plastic
• Sterilization and Infection Prevention
• Polypropylene
• Silicone
• ABS
• Polycarbonate
• PEEK
• Engineering plastic
• Tooth Implants
• Polycarbonate
• PEEK
• Others
• Denture Base Material
• PMMA
• Polycarbonate
• Polyamide
• Others
• Other Implants
• Polypropylene
• Silicone
• Polycarbonate
• PEEK
• Engineering Plastics
• Others
• Polyvinyl Chloride
• Polypropylene
• Polystyrene
• Silicone
• ABS
• Polycarbonate
• PEEK
• Engineering plastic

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Region Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• UK
• Italy
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa

The medical plastic extrusion is a high volume manufacturing process in which raw plastic is melted and formed into the continuous profile using pellets, granules, and flakes powders with some additives such as colorants in either liquid or pellet form. It produces devices such as catheters, intravenous and drainage tubing, needle and syringe caps, injections, and other kind of components or devices that require profiled tube or shaft. Poly Vinyl Chloride (PVC) is the leading polymer used for medical tubing with polyurethane, polyolefin, and blends and alloys such as thermoplastic elastomer. Thus, medical plastic extrusion manufacturers set new production and quality expectations for the essential products like catheters, intravenous and drainage tubing for the medical departments.

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Medical Plastic Extrusion Market- Dynamics

The development in medical plastic extrusion technology and increase in new market players are the major driving factors of global medical plastic extrusion market. Increased access to healthcare services for consumers is also driving growth of the market.

Increasing cardiovascular diseases such as cardiac arrest, cardiac arrhythmia, and congestive heart failure will boost the demand for catheters, globally. On May 17, 2017, the World Health Organization (WHO) stated that the cardiovascular diseases (CVDs) are the number one cause of death, globally. WHO further stated that between 2013 and 2016, 121.5 million American adults were affected by CVDs. In 2016, coronary heart disease (43.2%) was the leading cause of death in the U.S. It will boost the medical plastic extrusion market. North America region, Europe suffers from urology diseases and growing geriatric population, which contributes to broad catheter market. The key factors driving growth of global medical plastic extrusion market include increase in number of surgical processes and growing applications in pain management.

Medical Plastic Extrusion Market- Regional Dynamics

Regional segmentation of the global medical plastic extrusion by Coherent Market Insights comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in global medical plastic extrusion market over the forecast period. Medical plastic extrusion is widely used in hospitals, clinics, and other fields. The North America region launched the new moulding machines by using the plastic extrusion processes which particularly focused on the production capacity, supply and demand statistics, consumption, and volume of the medical plastic extrusion product. For instance, in 2017, Milacron Holdings Corp., a company serving the plastic processing industry launched a new Quantum Toggle injection moulding machine that further provides the features such reduced energy consumption and lowered cycle time coupled with precision and reliability. The Quantum Toggle injection machine is built to have higher productivity, reduced cost of ownership, and improve the performance and advanced technical specification.

Medical Plastic Extrusion Market- Market Taxonomy

On the basis of product type, the global medical plastic extrusion market is segmented into:

• Medical Coextrusion

• Multi Lumen Tubing

• Thermoplastic Elastomer Tubing

• Medical Tubing

• Radiopaque fillers

• Splittable Tubing

• Etched liners

• Others

Medical Plastic Extrusion Market- Competitive Analysis

Key players in the global medical plastic extrusion market have inked cooperation agreement for strategic partnership for enhancing the quality of output with better design and manufacturing capabilities which is important for them and their customers, thereby augmenting the market growth. For instance, on October 27, 2016, Kabra Extrusion technik announced a strategic partnership with Unicor GmbH to provide fully integrated extrusion solutions and for the advanced extrusion design. Similarly, on February 18, 2019, Reifenhhauser Group acquired Plamex Maschinenbau GmbH, a move is designed to strengthen the medical plastic industry. Based in Kelberg, Germany, Plamex is a supplier of blown film lines and extrusion components, with core competencies in water cooled oriented films for medical industry.

The key players in global medical plastic extrusion market are Fluortek, Ace, Putnam Plastics, Vesta, Teel Plastics, Raumedic, Biomerics, Vention medical, Pexco, and VistaMed.

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