The High Performance Medical Plastics Global Market Report 2023, provides comprehensive information on the high performance medical plastics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s High Performance Medical Plastics Global Market Report 2023, the global high performance medical plastics market is expected to grow from $0.89 billion in 2022 to $0.96 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global high performance medical plastics market is expected to grow to $1.30 billion in 2027 at a CAGR of 7.8%.
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Technological advancement is a key trend gaining popularity in the high-performance medical plastics market. Major companies operating in the high-performance medical plastics market are constantly focused on developing technologically advanced products to strengthen their market position. For instance, in July 2020, Evonik, a Germany-based specialty chemicals company, launched the world’s first 3D-printable polyether ether ketone (PEEK) filament which is based on VESTAKEEP i4 G, a highly viscous, high-performance polymer. The new filament is launched under the name VESTAKEEP i4 3DF and it is biocompatible for making implants due to its strength and rigidity. The filament is also X-ray transparent and bio-stable. It is produced under clean room conditions and maintained for high medical quality standards.
The high performance medical plastics market is segmented:
1) By Type: Fluoropolymers (FP), High Performance Polyamides (HPPA), Polyaryletherketones (PAEK), Polyphenylene Sulfides (PPS), Polyetherimide (PEI), Other Types
2) By Raw Material: Polycarbonate, Polypropylene, Polysulfone, Polytetrafluoroethylene, Polyphenylene sulfide, Other Raw Materials
3) By Application: Medical Equipment and Tools, Medical Supplies, Drug Delivery, Prosthesis and Implants, Therapeutic System, Other Applications
North America was the largest region in the high performance medical plastics market in 2022.
The table of contents in TBRC’s high performance medical plastics market report includes:
1. Executive Summary
2. High Performance Medical Plastics Market Characteristics
3. High Performance Medical Plastics Market Trends And Strategies
4. High Performance Medical Plastics Market – Macro Economic Scenario
5. High Performance Medical Plastics Market Size And Growth
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26. Africa High Performance Medical Plastics Market
27. High Performance Medical Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The High Performance Medical Plastics Market
29. High Performance Medical Plastics Market Future Outlook and Potential Analysis
30. Appendix
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