Medical Plastics Market 2021 Key Trends, Applications & Future Developments to 2

1. Market Research Report EXCLUSIVE EDITION Global Medical Plastics Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Medical Plastics Market Research Report Global Medical Plastics Market Research Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Medical Plastics Market by Application (Medical Device Packaging, Medical Components, Orthopedic Implant Packaging, Orthopedic Soft Goods), by Type (Disposables, Drug Delivery Devices, Diagnostic Instruments), by Region – Global Forecast to 2027 Description Description The global medical plastics market global medical plastics market is expected to grow from USD 29.2 billion in 2021 7.5% from 2021 to 2027. The demand is likely to register growth because of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The market for medical plastics is expected to USD 29.2 billion in 2021 to USD 45.0 billion by 2027 USD 45.0 billion by 2027, at a CAGR of . register growth due to the high adoption of plastics for implants due to chemical inertness and superior fatigue resistance. The demand for medical device packaging is likely to be driven by the rise in the demand for in-house and advanced medical devices. Medical plastics are widely used in various applications, including medical devices and equipment and medical packaging. Medical polymers have replaced traditional metals, ceramics, and glass because of their high thermal, chemical, mechanical strength, stability, and flexibility at high temperatures. Numerous agencies across the globe regulate medical polymers. In Europe, medical devices fall under the EU Council Directive (93/42/EEC), which guides their consumption. . Get a Sample PDF copy of the Report: Get a Sample PDF copy of the Report: - - https:// https://www.marketstatsville.com/request www.marketstatsville.com/request- -sample/medical sample/medical- -plastics plastics- -market market . The revision of healthcare and medical device industry regulations is likely to play an important role in the medical plastic . industry. A positive outlook toward the medical industry across the major markets in the Asia Pacific, North America, and Europe, coupled with high spending on RD, is expected to drive the medical plastic market over the forecast period. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Global Medical Plastics Market Global Medical Plastics Market Dynamics Dynamics Drivers: Drivers:Growth of the medical device Growth of the medical device industry industry Plastic, including polyethylene, polyvinylchloride, polypropylene, and engineering plastics, is increasingly used to manufacture medical devices. An increase in the home healthcare market accounts for low costs compared to hospital care, which has resulted in a rise in the demand for medical devices. The key factors influencing the demand for medical devices are availability, awareness, affordability, and adaptability. Growing demand for better healthcare facilities coupled with the rising number of hospitals has augmented the growth of the medical devices sector. In 2015, Europe was the second-largest market for medical devices globally and accounted for over a quarter of the global demand. The growth of the medical device market in countries including Germany, Italy, the UK, and France is expected to increase the demand for medical plastics over the forecast period. Restraints: Restraints:Stringent government Stringent government regulations regulations Regulations are the key factor influencing the medical device industry, influencing the medical plastic market in Europe and North America. Rising government concerns regarding the offering of high-quality, safe, and effective medical devices are expected to impact the industry growth over the forecast period. Medical devices and equipment such as syringes, IV bottles bags, surgical devices, disposables, diagnostic components, drug delivery devices, and implants are primarily manufactured using plastic materials. In Europe, medical devices cannot be placed in the market without ensuring that they comply with the safety requirements given by the European Union. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Scope of the Scope of the Report Report The study categorizes the medical plastics market based on application and typeat the regional and global levels. By Application Outlook By Application Outlook(Sales, USD Million, 2017 (Sales, USD Million, 2017- -2027 2027) ) Medical Device Packaging Medical Components Orthopedic Implant Packaging Orthopedic Soft Goods Wound Care Cleanroom Supplies BioPharmaDevices Mobility Aids Sterilization and Infection Prevention Tooth Implants Denture Base Material Other Implants Others © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. By Type Outlook By Type Outlook(Sales, USD Million, 2017 (Sales, USD Million, 2017- -2027 2027) ) Disposables Drug Delivery Devices Diagnostic Instruments Catheters Surgical Instruments Others Buy an exclusive copy: Buy an exclusive copy: - - https:// https://www.marketstatsville.com/buy www.marketstatsville.com/buy- -now/medical now/medical- -plastics plastics- -market market By Region Outlook By Region Outlook(Sales, USD Million, 2017 (Sales, USD Million, 2017- -2027 2027) ) North America (US, Canada, Mexico) South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia New Zealand, Rest of Asia Pacific) The Middle East Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. The medical component segment The medical component segmentis projected to account for the largest market share by is projected to account for the largest market share by application application Based on type, the global medical plastics market is divided into medical components, orthopedic implant packaging, orthopedic soft goods, wound care, medical device packaging, cleanroom supplies, biopharma devices, mobility aids, sterilization and infection prevention, denture base material, tooth implants, other implants, and others. In 2020, the medical component segment accounted for the largest market share of 34.0% in the global medical plastics market. Solid waste includes residential, commercial, and municipal waste. Growing application scope for the product in the manufacturing of diagnostic devices, pans, containers, syringes, implant trials, trays, and medical cover sheets is expected to drive demand delivery. Polypropylene is expected to witness a significant growth in the medical component application owing to its lightweight, high bacterial chemical resistance, and low cost. The product has wide application scope in disposable manufacturing. The product can be molded easily in the perfect dimensions, hence having a high demand for manufacturing syringes. Polypropylene's environmental friendly properties are likely to open new avenues for market growth in medical applications over the forecast period. The product can be processed into non-woven fabrics leading to increased functionality in the healthcare industry. In addition, increasing demand for non-woven fabrics in medical applications such as single-use non-woven surgical gowns, caps, surgical drapes, and covers is anticipated to drive demand. Request for Report TOC, Table of Figure, Chart, Request for Report TOC, Table of Figure, Chart, etc plastics plastics- -market market etc: :- -https://www.marketstatsville.com/table https://www.marketstatsville.com/table- -of of- -content/medical content/medical- - © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. Asia Pacific Asia Pacificaccounts for the highest accounts for the highestCAGR during the forecast CAGR during the forecast period period Based on the regions, the global medical plastics market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 6.1% in the global medical plastics market during the forecast period.The increasing demand for high-quality medical devices and components by hospitals in major economies such as China, India, and Singapore increases the healthcare industry's expenditure. In addition, improving service and safety standards in hospitals is expected to drive the medical plastics market growth over the forecast period. The presence of major economies with high healthcare costs and increasing government expenditure on public private health systems are positively impacting the market growth. The increasing private participation in the healthcare industry to improve healthcare services and infrastructure and offer high-quality treatment in countries such as Japan, India, Singapore, China, and Australia is expected to drive market growth. Key Market Key Market Players Players The medical plastics market is mildly concentrated, with few global players operating, such as Rochling Group, Nolato AB, GW Plastics, Inc., SABIC, Saint-Gobain Performance Plastics, Celanese Corporation, Eastman Chemical Company, The Dow Chemical Company, Orthoplastics Ltd., and Tekni-Plex. Every company follows its business strategy to attain the maximum market share. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. Recent Recent Developments Developments In August 2018, Nottingham Spirk, a consultancy and product design business, teamed with SABIC. This partnership aided both firms in commercializing a variety of specialty polymers for various industries, including medical, automotive, and aerospace. In June 2019, BASF and SIBUR signed a Memorandum of Cooperation to develop novel polymer solutions at the PolyLab Research Development Center in Russia. This partnership aims to provide a new variety of high-performance solutions, especially for long-term durable products. In October 2019, RESOMER PLA-PEG, a commercial range of bioresorbable PLA-PEG copolymers for medical devices, was released by Evonik. The company's range of functional biomaterials was increased due to this product development. In February 2017, the company showcased an extensive portfolio of medical polymers for use in applications in the healthcare industry. It also introduced Celanese MT grade polymers that can design products capable of moving parts and providing precision dosage. In April 2017, Trinseo S.A. introduced MAGNUM ABS resin for medical applications. The move is expected to strengthen the company’s position in the medical plastics market. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. Key Issues Key Issues Addressed Addressed What is the market size by various segmentation of the medical plastics by region and its respective countries? What are the customer buying behavior, key takeaways, and Porter's 5 forces of the medical plastics market? What are the key opportunities and trends for manufacturers involved in the medical plastics supply chain? What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market? What and how regulations, schemes, patents, and policies are impacting the growth of the market? What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology? The market player positioning, top winning strategies by years, company product developments, and launches will be? How has COVID-19 impacted the demand and sales of medical plastics in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period. Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market. Request For Report Analysis: Request For Report Analysis: - - https://www.marketstatsville.com/medical https://www.marketstatsville.com/medical- -plastics plastics- -market market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

13. Research Methodology Market Statsville Group (MSG) research is conducted by industry experts who offer insight into industry structure, market segmentation, product assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of the segments and categories are geographically presented, studied, and estimated based on primary and secondary research. Primary Primary Research Research – – Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers) of the major players who are active in the global software testing market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next six years. Secondary Secondary Research technical, market-oriented, and commercial study of the global software testing market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization, some paid databases, and many others. Research – –Secondary research was mainly used to collect and identify information useful for the extensive, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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