High Performance Medical Plastics Market Size, Share & Industry Analysis, By Raw Material (Polycarbonate, Polypropylene, Polysulfone, Polytetrafluoroethylene, Polyphenylene sulfide, Others), By Application (Medical Disposables, Medical Equipment & Tools, Prosthetics & Implants, Drug Delivery, Diagnostics, Others) And Regional Forecast, 2024-2032

High performance medical plastics are polymeric materials created specifically for use in medical applications. High performance medical plastics provide greater design flexibility, physical strength, thermal and radiation stability, chemical inertness, sterilization capability and biocompatibility. Typical examples of these medical grade plastics include syringes, coronary stents, pacemakers, surgical instruments, dental implants, prosthetic limbs and so on. 

Governments all across the globe know how important a robust health-care system is to a country's overall development. People in today's society are more health-conscious than ever before, and demand better health-care services. This increased demand, along with the predicted need from an ageing population, is expected to result in significant expenditures in healthcare infrastructure development. These investments would also boost healthcare-related industries, including the high performance medical plastics market. Increasing use of high performance medical plastics in innovative technologies like 3D printed implants and prosthetics shall drive the market growth.

However, the majority of medical waste is classified as biohazard waste. Conventional waste management strategies, such as landfill dumping, are insufficient for disposal and need modern scientific procedures. Failure to adhere to strict environmental and waste management laws and regulations is expected to have a negative influence on market growth.

Market Segmentation:

Based on raw material, market is segmented into polycarbonate, polypropylene, polysulfone, polytetrafluoroethylene, polyphenylene sulfide and others. Based on application, market is segmented into medical disposables, medical equipment & tools, prosthetics & implants, drug delivery, diagnostics and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

High Performance Medical Plastics Market Key Players Covered:

The prominent key players include Solvay, Mitsubishi Chemical Corporation, SABIC, DuPont, Röchling SE & Co. KG, Saint-Gobain Performance Plastic, Evonik Industries AG, Arkema, Ensinger, Victrex PLC, Raumedic AG, The Chemours Company, Celanese Corporation, Trelleborg, Tekni-Plex and Others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the High Performance Medical Plastics Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional High Performance Medical Plastics Market Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in North America is expected to expand as a result of the U.S.'s heavy investments in innovative medical technologies such as stent technologies, 3D printed medical devices, implantable electronics and others. The European high performance medical plastics market is projected to expand attributed to the rising health consciousness and demand for premium quality healthcare products. Asia Pacific high performance medical plastics market is projected to grow due to increased share of investment in health care infrastructure development especially by developing nations like India and China, which is being driven by economic growth and increased purchasing power. Latin America and Middle East & Africa is expected to exhibit slow growth due to lack of health awareness and unpenetrated markets.

Segmentation

High Performance Medical Plastics Industry Developments

• In March 2017, DuPont has announced high performance 3D printing materials. Expanding their products into 3D printing market, according to the group, this would give consumers more design flexibility, allowing for fast prototyping, component manufacturing and mass customization.


• In February 2017, at the Jeddah center, SABIC took part in the 14^th Saudi Plastics & Petrochemicals Trade Fair. It displayed a variety of high performance polymers including POE, POP, ABS, PMMA AND EPDM.