Product ID: UCMIG15A2175
Medical Plastic Compounds Market Size, Share, Growth Analysis, By Product(Polyvinylchloride, Polyethylene), By Application(Disposables, Catheters), By Regional(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG15A2175 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Medical Plastic Compounds Market Insights
Market Overview:
The global market for medical plastic compounds was valued at USD 53.32 billion in 2017, and it is predicted to grow at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. The growth of the market is likely to be influenced by the increasing awareness of health concerns and regulatory policies on plastic usage. The demand for disposable and sterilized devices, along with longer shelf-life of medical equipment, is expected to drive growth. Additionally, the utilization of lightweight and cost-effective plastics and the rising adoption of prosthetics are likely to fuel demand for medical plastic compounds.
Medical Plastic Compounds Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Medical Plastic Compounds Market Report Snapshots
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