Medical Plastics Industry Statistics

In this post, we will explore key statistics and insights about the dynamic landscape of the Medical Plastics Industry. From the impressive market valuation and growth projections to regional market trends and emerging opportunities, these statistics shed light on the significant impact and potential of medical plastics in the global healthcare sector.

Statistic 1

"The global market for Medical Plastics was valued at around $25.4 billion in 2019."

Statistic 2

"The annual growth rate (CAGR) of the medical plastics market is projected to be 5.9% from 2020 to 2027."

Statistic 3

"By 2027, the Medical Plastics Market size is expected to exceed $33.6 billion."

Statistic 4

"In 2020, PVC was estimated to have a market share of 27.5% in the Medical Plastic industry."

Statistic 5

"North America accounted for 39% of the global medical plastics market in 2019."

Statistic 6

"The Asia-Pacific region is expected to witness the fastest growth in the medical plastics market."

Statistic 7

"The demand for medical plastic in China is expected to grow at an average annual rate of 8.5% by 2024."

Statistic 8

"Disposable devices account for the largest share in the medical plastics market."

Statistic 9

"Resins & fibers segment in the Medical Plastics Industry is expected to grow at a CAGR of 7.2% through to 2025."

Statistic 10

"The medical device packaging market was valued at $27.6 billion in 2017, indicating a strong demand for medical plastics."

Statistic 11

"By 2027, biodegradable plastics demand in the healthcare industry is projected to reach 1.27 million tons."

Statistic 12

"The U.S. medical plastics market size was valued at USD 4.04 Billion in 2017."

Statistic 13

"Brazil is expected to register a CAGR of 6.3% in the medical plastics market from 2019 to 2026."

Statistic 14

"The Indian medical plastics market is expected to grow with a CAGR of 7.5% between 2021-2026."

Statistic 15

"Implants in medical plastics are expected to grow at a CAGR of 6.8% from 2017 to 2023."

Statistic 16

"The injection molding segment in the medical plastics market is set to exceed $6.70 billion by 2026."

Statistic 17

"In 2020, Germany accounted for a 17.7% share in the Europe medical plastics market."

Statistic 18

"Commodity plastics dominated the medical plastics market with a share of 47%, in value, in 2018."

The global medical plastics industry is experiencing significant growth, with the market valued at $25.4 billion in 2019 and projected to surpass $33.6 billion by 2027, driven by factors such as increasing demand for disposable devices and biodegradable plastics in healthcare. Regions like North America and Asia-Pacific are key players in this growth, with China and India showing substantial potential for market expansion. Various segments within the industry, such as resins & fibers and implants, are expected to see robust growth rates, highlighting the diverse opportunities available. Overall, the statistics paint a picture of a thriving and evolving market landscape with promising prospects for the future.