Global Rigid Transparent Plastics in Medical Application Market, By Polymer Type (Polycarbonate, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile, Polypropylene, Polymethyl Methacrylate, Styrene Block Copolymers, Other Polymer Types), Distribution Channel (Online, Offline) – Industry Trends and Forecast to 2030.
Rigid Transparent Plastics in Medical Application Market Analysis and Size
Medical plastic products have become more developed as the market for high-quality medical devices increases. Medical plastic products are widely available in a huge range of devices. A surge in demand for packaged food products and the increasing popularity of online shopping is essential to increased market growth. There are several properties of plastics that are very useful in medical devices and procedures, such as cardiac surgery, renal dialysis, IV connectors, and surgical instruments.
Data Bridge Market Research analyses that the rigid transparent plastics in the medical application market, which was USD 16.6 billion in 2022, would rise to USD 27.47 billion by 2030 and is expected to undergo a CAGR of 6.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Rigid Transparent Plastics in Medical Application Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Polymer Type (Polycarbonate, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile, Polypropylene, Polymethyl Methacrylate, Styrene Block Copolymers, Other Polymer Types), Distribution Channel (Online, Offline)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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SABIC (Saudi Arabia), Trinseo (U.S.), Chevron Phillips Chemical Company LLC. (U.S.), Eastman Chemical Company (U.S.), Exxon Mobil Corporation (U.S.), INEOS (U.K.), LyondellBasell Industries Holdings BV (Netherlands), Arkema (France), Asahi Kasei Corporation (Japan), BASF SE (Germany), Covestro AG (Germany), Dow (U.S)
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Market Opportunities
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Market Definition
Medical plastic products are widely used in a variety of devices for the betterment of procedures. From test equipment such as vials and beakers to surgical instruments, implants, and catheters, plastics are increasingly used for their high performance, lightweight nature, and lower costs. These rigid transparent plastics are widely used in surgeries and other medical applications.
Global Rigid Transparent Plastics in Medical Application Market Dynamics
Drivers
- High Usage of Rigid transparent plastics in Medical Packaging
It is well-known that protecting items such as needles or medication from cross-contamination is important. Medical plastic is perfect for packaging. Sealing plastic pouches to protect single-use items and eliminate the need to sterilize them before use is possible. Plastic pharmaceutical packaging is essential for protecting photo-reactive medications from photodecomposition. This factor leads to the growth of the market.
- Adoption of Polycarbonate in Cardiac Surgery Products
Polycarbonate has been widely used in blood reservoirs, blood oxygenators, and blood filters used in the bypass circuit for many decades. Glass-like clarity is essential for visually evaluating blood flow and condition. However, the toughness of the material offers a huge level of safety. Numerous blood-management products include polycarbonate filters and centrifuge filter bowls to clean and separate blood components for reuse. Thus, this factor boosts market growth.
Opportunities
- Increasing Usage of PVC in Oxygen Masks
Anesthetic and oxygen masks are some of the most commonly used medical products. PVC is the ultimate material for manufacturing masks for anesthesia and oxygen. The transparent plastic guarantees good visualization and increased patient safety. PVC's unsurpassed softness provides enough patient comfort. Since PVC plastic can be made both soft and rigid, it is possible to manufacture masks in one single polymer. Thus, this factor boosts market growth.
Restraints/Challenges
- Biodegradable Nature of Plastics
Most plastics are non-biodegradable; once landfilled, they might take a long time to decompose. With the rising number of plastic products, particularly plastic packaging, being discarded quickly after purchase, the amount of landfill space needed by plastic waste is becoming a huge concern. Therefore, these factors hamper the market growth.
This rigid transparent plastics in medical application market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rigid transparent plastics in medical application market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Rigid Transparent Plastics in Medical Application Market Scope
The rigid transparent plastics in medical application market is segmented on the basis of polymer type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Polymer Type
- Polycarbonate
- Polyvinyl Chloride
- Polystyrene
- Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile, Polypropylene
- Polymethyl Methacrylate
- Styrene Block Copolymers
- Other Polymer Types
Distribution Channel
- Online
- Offline
Rigid Transparent Plastics in Medical Application Market Regional Analysis/Insights
The rigid transparent plastics in medical application market is analyzed and market size insights and trends are provided by polymer type and distribution channel as referenced above.
The countries covered in the rigid transparent plastics in medical application market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the rigid transparent plastics in the medical application market due to growth in the consumer demand for on-the-go and ready-to-use products and an increase in the research and development activities in the market in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The rigid transparent plastics in medical application market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for rigid transparent plastics in medical application market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the rigid transparent plastics in medical application market. The data is available for historic period 2011-2021.
Competitive Landscape and Rigid Transparent Plastics in Medical Application Market Share Analysis
The rigid transparent plastics in medical application market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to rigid transparent plastics in medical application market.
Some of the major players operating in the rigid transparent plastics in medical application market are:
- SABIC (Saudi Arabia)
- Trinseo (U.S.)
- Chevron Phillips Chemical Company LLC. (U.S.)
- Eastman Chemical Company (U.S.)
- Exxon Mobil Corporation (U.S.)
- INEOS (U.K.)
- LyondellBasell Industries Holdings BV (Netherlands)
- Arkema (France)
- Asahi Kasei Corporation (Japan)
- BASF SE (Germany)
- Covestro AG (Germany)
- Dow (U.S)
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