COVID-19 Impact On Medical Plastics Market by Type (Engineering Plastics and Standard Plastics), Application (Medical Disposables, Prosthetics, Medical Instruments & Tools and Drug Delivery) and Region – Global Forecast to 2021

2020-04-24
Price :
Published : Apr-2020
No. of Pages : 57

The global medical plastics market is projected to register a CAGR of 17.2%, in terms of value, between 2020 and 2021. This is approximately 10% higher than earlier pre-COVID growth projections,

The global medical plastics market size during this COVID-19 pandemic is projected to grow from USD 25.1 billion in 2020 to USD 29.4 billion by 2021, at a CAGR of 17.2%. The major drivers for the medical plastics industry include the growing demand from OEMs and medical device/equipment manufacturers for the production of critical care systems such as ventilators, thermal scanners, and respirators.

The medical disposables segment is estimated to be the largest application of medical plastics during the forecast period.

The medical disposables segment accounts for the largest share in the medical plastics market. The use of medical plastics is increasing due to their usefulness. Medical disposables can be defined as single-use products that are used in surgical as well as procedural applications. The use of these medical products in procedural applications and general checkup is increasing. In addition, the use of these disposables as instructed by various agencies, such as USFDA and Europe EMA, are propelling the demand for medical plastics globally. Increased demand for disposables such as gloves, masks, gowns, and other PPEs will drive the market during this pandemic.

The standard plastics segment is expected to be the fastest-growing type of medical plastics during the forecast period.

Standard plastics are sourced from crude oil and are non-renewables. These plastics generally include PVC, PE, PP, PS, PMMA, and EVA. The major applications of these plastics include the manufacturing of masks, gloves, drapes, gowns, trays, catheters, syringes, orthopedic devices, surgical tools, and lab wares. Increased requirements of personal protective equipment (PPE) such as face shields, masks, gloves, drapes, single-use syringes, and others will boost consumption of standard plastics such as PP, PE, and PVC drive demand.

Europe is expected to be the fastest-growing medical plastics market during the crisis period.

The medical plastics market in Europe has witnessed a considerable demand driven by the growing requirement for ventilators, respirators, thermal scanners, and other patient care systems. Europe consists of some profoundly affected countries such as Italy, Spain, Germany, and France, among others, which have a large demand for patient care systems. In addition, growth in the requirement of PPEs will also drive demand for medical plastics in the region.

The market sizes estimated in this study were validated through primary interviews conducted with various industry experts globally. These primary sources are divided into three categories:

  • By Company Type: Tier I – 25%, Tier II – 50%, and Tier III – 25%
  • By Designation: C Level – 20%, Director Level – 30%, and Others – 50%
  • By Region: North America – 20%, Europe – 30%, APAC – 25%, South America – 25%, Middle East & Africa – 10%

The report profiles several leading players of the medical plastics market that include SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium) and Covestro (Germany). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the market during this crisis period.

Research Coverage

The objective of this study is to define, describe, and forecast the impact of COVID-19 on the medical plastics market based on various segmentations and strategically analyze these market segments with respect to individual growth trends, growth prospects, and contribution to the overall growth. In this report, the medical plastics market has been segmented based on application, type, and region.

Key Benefits Of Buying The Report

The report is expected to help companies in the medical plastics market in the following ways:

  • This report comprehensively segments the impact of COVID-19 on the medical plastics market. It provides the closest approximations for the sizes of different segments and sub-segments of the market across different verticals and regions.
  • This report is expected to help stakeholders in obtaining an improved understanding of their competitors and gain insights about their businesses during this period. The competitive landscape section includes detailed information about strategies, such as donations, increased production, partnerships, which were undertaken by various key players to enhance their position in the medical plastics market during this crisis period.
Filed in: Advanced Material
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

BOPP Films Market by Type (Wraps, Bags & Pouches, Tapes, Labels), Thickness (Below 15 Microns, 15-30 Microns, 30-45 Microns, More Tham 45 Microns), Production Process (Tenter, Tubular), Application, and Region – Global Forecast to 2025

“Growing demand from the food & beverage sector is projected to drive the over all growth of the BOPP films market across the globe from 2020 to 2025.” The global BOPP films market size is projected to grow from USD 24.26 billion in 2020 to USD 31.42 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.3%. The BOPP films market has been growing in tandem with the growth in the packaging industry. Food, beverages, and medical packaging are the largest end users of these films. With the growth in the packaging market in the developing nations, the demand for bi-axially oriented films has increased. It is the most preferred material for food & pharmaceutical products packaging owing to its non-toxic and cost-effectiveness. It also acts as a barrier to external agents w......
$5650

Foam Plastics Market by Type (PU, PS, PO, Phenolic), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational), and Region – Global Forecast to 2025

“Foam plastics market is projected to register a CAGR of 4.8% between 2020 and 2025.” Foam plastics are resins used in manufacturing polymer foams, which are used in various end-use industries such as building & construction, furniture & bedding, packaging, and automotive among others. The foam plastics market is projected to grow from USD 51.3 billion in 2020 to USD 65.4 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. Growth of major end-use industries of foam plastics, high demand for foam plastics in APAC, and energy sustainability and energy conservation properties of foam plastics are the major factors driving the growth of the market. “Building & construction segment is projected to be the largest end use market of foam plastics.” The building &......
$5650

Core Materials Market by Type (Foam, Honeycomb, and Balsa), End-use Industry (Wind Energy, Aerospace & Defense, Marine, Automotive & Transportation, Construction, and Industrial), and Region – Global Forecast to 2025

“The core materials market is projected to register a CAGR of 13.5% during the forecast period.” The global core materials market size is projected to grow from USD 1.2 billion in 2020 to USD 2.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.5% between 2020 and 2025.Core materials are the key components in sandwich structure composites that provide thickness and high stiffness with low density. The composite skins surrounding the core material provide strength to the overall structure. Core materials are gaining wide acceptance in various end-use industries owing to their high strength and low weight, which is driving the demand for core materials in various end-use industries.However, amidst the global COVID-19 pandemic, the demand for core materials from the afore......
$4950

Long Steel Market by Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail) End-Use Industry (Construction, Infrastructure, Others), and Region (NA, EUROPE, APAC, MEA, SA) – Global Forecast to 2025

“In terms of value, the long steel market is projected to grow at a CAGR of 3.9% between 2020 and 2025.” In terms of value, the long steel market size is estimated to be USD 527.0 billion in 2020 and projected to reach USD 636.7 billion by 2025, at a CAGR of 3.9% from 2020 to 2025. Increasing construction and infrastructure activities, industrialization, and rising population levels are the major factors responsible for the growth of the long steel market. However, the recent outbreak of Covid-19 is expected to have a severe impact on the long steel market. “The basic oxygen furnace segment is the projected to lead the long steel market during the forecast period.” Based on process, the long steel market has been classified into basic oxygen furnace and electric arc furnac......
$5650

COVID-19 Impact on Medical Tubing Market by Material (PVC, TPE & TPU, Polyolefin, and Silicone), Application (Drug Delivery, Bulk Disposable Tubing, Catheters & Cannulas, and Special Applications) and Country – Forecast to 2021

 “Increasing demand from drug delivery and catheters and cannulas to drive the overall growth of the medical tubing market” The US medical tubing market size is expected to grow from USD 2.6 billion in 2020 to USD 2.9 billion by 2021, at a CAGR of 13.2% during the forecast period. The medical tubing  industry is driven by various factors, such as increasing consumption of medical tubing in various applications such as bulk disposable tubing, catheters & cannulas, drug delivery, and special application. Furthermore, the shift in consumer preference toward high-quality standard products in this pandemic situation is propelling the growth of the medical tubing market across the globe. However, factors such as restricting counterfeit products and fighting time from supply chain &a......
$5650

Long Fiber Thermoplastics Market by Resin (PP, PA, PEEK, PPA), Fiber (Glass, Carbon), Manufacturing Process (Injection Molding, Pultrusion, D-LFT), End-use Industry (Automotive, Electrical & Electronics), Region – Global Forecast to 2025

“The long fiber thermoplastics market is projected to register a CAGR of 10.5% during the forecast period.” The global long fiber thermoplastics market size is projected to grow from USD 2.8 billion in 2020 to USD 4.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% between 2020 and 2025.  In comparison to conventional materials such as aluminum steel, long fiber thermoplastics offer strength, tenacity, density, and thermal and electrical conductivity, fatigue, and corrosion resistance properties. Long fiber thermoplastics are preferred in high-performance applications in several end-use industries, driving the demand for long fiber thermoplastics in various end-use industries. “PA is the fastest-growing resin type of long fiber thermoplastics market in terms ......
$4950

Refrigeration Insulation Materials Market by Material Type (Elastomeric Foam, PU & PIR), Application (Commercial, Industrial), End-Use Industry (Food & Beverage, Chemicals & Pharmaceuticals, Oil & Gas and Petrochemicals) Region – Global Forecast to 2025

Increasing demand for refrigeration equipment and systems is expected to drive the global market. The refrigeration insulation materials market size is projected to reach USD 4.8 billion by 2025, at a CAGR of 6.0% between 2020 and 2025. Refrigeration insulation materials are very crucial for efficient cooling operations. The sales of commercial and industrial refrigerators have increased significantly in the last couple of years, as per the International Institute of Refrigeration. The need for insulation in cryogenic operations has also grown. These factors are greatly influencing the market for refrigeration insulation. One of the biggest restraints to this market is the full-scale adoption of the Kigali Agreement, which mandates the phasing out of HFCs and HCFCsas blowing agents as e......
$5650

Pet Food Packaging Market by Material Type (Paper & Paperboard, Plastic, Metal), Packaging Form (Bags, Cans, Pouches, Boxes/Cartons), Food Type (Dry Food, Wet Food, Pet Treats), Animal Type (Dog, Cat, Fish, Bird), Region – Global Forecast to 2025

“Increase in the demand for simple,convenient,  innovative, packaging products is projected to drive the overall growth of the pet food packaging market across the globe from 2020 to 2025.” The global pet food packaging market size is projected  to grow from USD 10.2 billion in 2020 to USD 12.5  billion by 2025, at a CAGR of 4.2 % from 2020 to 2025.Rising affection for pets leading to greater adoption of pets, high income level of pet owners, changing lifestyles, demand for simplicity and  convenience in packaging,  and growing pet humanization trend are the key factors contributing towards the increasing growth of the pet food packaging industry over the next few years. “In terms of both value and volume, pouches are projected to grow at the highest CAGR during the foreca......
$4950

Abrasives Market by Raw material (Natural & Synthetic), Product type (Coated, Bonded, and Super), End-use Industry (Automotive, Machinery, Aerospace, Metal fabrication, Electrical & electronics equipment, Others), and Region – Global Forecast to 2025

The global abrasives market size is projected to grow from USD 46.4 billion in 2020 to USD 58.0 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. The growth of this market is attributed to the growing automotive, metal fabrication, machinery, electronics, electrical, medical, and construction industries have contributed significantly towards the growth of the abrasives market. However, factors such as uncertainty in economic conditions and rising raw material costs inhibit the growth of the market. “In terms of value and volume, the bonded segment is projected to lead the abrasives market from 2020 to 2025.” Based on type, the bonded segment is projected to be a faster-growing market during the forecast period. The bonded sector is projected to be the fastest-growing type seg......
$7150

Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region – Global Forecast to 2025

The shift in consumer preference towards eco-friendly plastics products is driving the overall bioplastics & biopolymers market. The global bioplastics & biopolymers market size is expected to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7% during the forecast period. Consumer awareness toward sustainable plastic solutions and pervasive efforts to eliminate the use of non-biodegradable conventional plastics is contributing to the market growth of bioplastics.Therefore, increasing consumer awareness, along with governmental legislation, is driving the use of bio-based productsis driving the market for biodegradable plastics and bio-based plastics. An increase in waste management regulations in Europe leads to a growing demand for bioplastics......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy