High Performance Medical Plastics Market Size, Share, Revenue Opportunity, Competitive Analysis and Forecast 2021-2026
Medical plastics predominantly comprise of an enormous number of macromolecules for the creation of protected and reliable instruments in the medical care industry. The advantage of utilizing these medical plastics is their dependable limit, superior execution and quality, and affordable nature. The significant uses of clinical plastics incorporate Medical Equipment and Tools, Medical Supplies, Drug Delivery, prostheses and Implants, Therapeutic Systems, and Others.
ChemIntel360’s global High Performance Medical Plastics market study is a 150 slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and type perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to rebound strongly and grow at a CAGR of 7.8% over 2021-2026. The main factors driving growth is the chemical’s extensive use in medical devices, the demand for which has witnessed robust growth because of growing aging population.
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The interest for High-Performance Medical Plastics is expanding by virtue of the rising interest for cutting edge clinical innovation in inserts, developing interest for counterfeit organs, savvy inhalers, accuracy drugs, rising inclination for the insignificantly intrusive gadgets or surgeries, and ascend in the requirement for mechanical help with surgeries.
Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by type (Fluoropolymer, Polyaryletherketone, High Performance Polyamide, Polyphenylene sulfide, Polyethylenimine, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global High Performance Medical Plastics market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$1.6 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of 2.1%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Key Market Players
Solvay SA (Belgium), SABIC (UAE), Mitsubishi Chemical Corporation (Japan), Evonik Industries AG (Germany), Arkema SA (France), Ensinger (Germany), Victrex PLC (UK), Rochling SE & Co. AG (Germany), Raumedic AG (Germany), The Chemours Company (US), DuPont (US), Saint-Gobain Performance Plastics (France), Celanese Corporation (US), Trelleborg (Sweden) and Tekni-Plex (US) are some of the leading players operating in the high-performance medical plastics market.
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About Us:
ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.
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