Medical Plastics Market Size, Share & Trend Report

Medical Plastics Market Size, Share & Trend Analysis Report By Application (Medical Device Packaging, Medical Components, Orthopedic Implant Packaging, Orthopedic Soft Goods), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jun, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-1-68038-823-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 138

Industry Insights

The global medical plastics market size was estimated at USD 22.26 billion in 2018 and is projected to expand at a CAGR of 6.1% form 2019-2025. Enforcement and upgrading of various infection prevention standards coupled with a growing volume of surgical, hospital, and outpatient procedures are anticipated to drive the growth. Fluctuation in oil prices has been a major factor responsible for volatile prices of Polyvinyl Chloride (PVC), Polyethylene (PE), Polypropylene (PP), and polystyrene. Capacity expansion and contraction have also contributed to the price volatility. In addition, rising overproduction in the Chinese market is expected to impact the raw material prices.

Growing number of insured individuals in U.S., coupled with the resultant demand for medical devices, is expected to have a positive impact on the growth over the forecast years. The market is characterized by the presence of a large number of companies involved in the production of advanced grade plastics for use in the industry.

U.S. medical plastics Market

The market is characterized by extensive integration through various stages of the value chain. HELM AG is integrated across all four stages in the value chain from raw material production to plastic production and the manufacturing of end-use products used by the hospitals and healthcare institutions including private clinics.

Such polymers are regulated by numerous agencies across the globe. In Europe, medical devices fall under the EU Council Directive (93/42/EEC), which provides guidance for their consumption. Restructuring of the European regulations for such devices is anticipated to emerge as one of the key factors affecting the regional growth.

The medical plastic market is subject to multiple technological advancements pertaining to the production of advanced plastics for healthcare application. The companies resort to new product developments as one of the major strategies to achieve market growth. In addition, key market players invest significantly in R&D to develop advanced products.

High degree of competition is likely to bolster the consumer buying power. Product quality and cost competitiveness are the major factors impacting the buyer power decision. High production volumes coupled with the ease of availability of medical plastics is expected to be drive the buyer power in the next few years.

The governing agencies in different states of U.S. have exhibited an increased affinity towards plastic recycling. In addition, the federal agencies in the country invested a total of USD 35.9 billion in healthcare R&D in 2015, in a move expected to provide impetus to the growth of the medical industry translating into expansion of the medical plastics market.

Application Insights

The use of thermoforming polypropylene leads provides the option of high strength packaging thereby imparting superior impact resistance to the packaged products. Furthermore, the packaging solutions made using polypropylene are found to be highly durable and sterile leading to a growth in demand.

PETG is a specialized plastic that provides properties such as superior moisture and oxygen barrier coupled with high degree of transparency thereby driving the product demand for packaging medical device components. This trend is expected to drive the demand for plastics used in medical device packaging. The segment is expected to expand at a CAGR of 6.7% from 2019 to 2025.

Global medical plastics Market

Increasing application of polyethylene to produce containers, films, packaging, medical bags, catheters, implants, and lid stocks is expected to have a positive impact on the market growth. In addition, rising technological advancements pertaining to the manufacture of polyethylene grades is expected to bolster the growth.

Polypropylene demand for orthopaedic soft goods is driven by the use of the product for Ankle-foot Orthosis (AFO), a support used to control the position and motion of the ankle and correction of minor foot deformities. Demand for polypropylene plastics is expected to grow due to the superior strength and impact resistance characteristics, which are a prerequisite for orthopaedic soft goods.

Demand for highly strong materials such as ABS for finger and toe splints, heel and finger protection, and leg splints is anticipated to propel growth over the forecast period. In addition, the use of ABS for the products is likely to be driven by easier product availability coupled with superior impact resistance.

Market for orthopaedic soft goods is driven by the recurring demand for engineering plastic primarily owing to the superior functional attributes of such plastics. In addition, rising development of advanced engineering plastics by manufacturers is expected to bode well for the market growth over the forecast period.

Polystyrene is used in the production of various devices including plastic boxes, cups, medical keyboards, and vaginal dilator speculum. The product is generally recommended for manufacturing diagnostic instruments, pipettes, flasks, and tissue culture components owing to its ease of sterilization and clarity.

Regional Insights

Increased healthcare spending by the population on account of increasing incidences of lifestyle disorders and diseases in North America is likely to drive the medical plastics market growth. The region is expected to register a CAGR of 6.3% from 2019 to 2025 due to rise in demand for such devices, generic drugs, and healthcare services.

Rapid growth of the pharmaceutical industry in countries such as Mexico and Canada is expected to impact the market growth positively mainly on account of the resultant demand in pharmaceutical packaging. Rising demand for disposables due to the rising prevalence of diseases is expected to drive the regional demand for medical plastics.

Rising adoption of dental and body contouring implants in Europe is expected to have a positive impact on market growth over the forecast period. Increasing disposable income and rising adoption of cosmetic dentistry are expected to propel the regional product demand over the forecast period.

Middle East and Africa is likely to be driven by the demand for medical components such as disposable gloves, syringes, and catheters. The market is expected to grow due to the rising preference for high-grade medical facilities by the population in middle and lower income group consumers.

The market in China is projected to witness substantial growth over the forecast period, attributed to high healthcare cost, increasing private and public expenditure on healthcare, and high disease prevalence. Increasing geriatric population in the country is also expected to be a major contributor to the growth.

Medical Plastics Market Share Insights

Between 2014 and 2018, new product development was observed as a major growth strategy adopted by the major manufacturers such as Celanese Corporation, Eastman Chemical Corporation, and Dow Chemical Corporation. In addition, companies such as GW Plastics also resorted to capacity expansion to increase their market shares and revenues.

Companies focus on strategic tie-ups with medical products and components manufacturing companies that results in an ensured demand for plastics. In addition, these companies are also integrated in terms of producing raw materials as well as medical grade plastics, leading to a decrease in the raw material procurement and overhead costs.

The market is characterized by the presence of several manufacturers catering to the local as well as international markets. These players are involved in the manufacture of differentiated products in terms of their performance characteristics. The presence of numerous companies in the market leads to an increase in the buying power of the consumers.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Kilotons and Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, Mexico, Germany, U.K., Italy, France, China, India, Japan, Brazil, Saudi Arabia

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global medical plastic market report on the basis of application and region:

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Medical Device Packaging

    • Medical Components

    • Orthopaedic Implant Packaging

    • Orthopaedic Soft Goods

    • Wound Care

    • Cleanroom Supplies

    • BioPharm Devices

    • Mobility Aids

    • Sterilization and Infection Prevention

    • Tooth Implants

    • Denture Base Material

    • Other Implants

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • Italy

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

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