Medical Plastics to Reach 8.8 Billion Pounds by 2010, According to New Report by Global Industry Analysts, Inc.

Share Article

Increasing use of innovative medical products and supplies, coupled with the shift towards disposable devices are set to bring rapid changes in the medical sector. Rising need for convenient, effective sterile medical packaging is one of the principal driving factors for the medical plastics industry. Spurred by positive trends, the market for medical plastics is set to reach 8.8 billion pounds by 2010.

Medical Plastics: A Global Strategic Business Report

Medical Plastics, to put it simply, are plastics that find application in the medical field. These plastics are categorized into different types of resins that include commodity resins and engineered resins. The products are further divided into different types depending upon their versatility. Technological advancements, improvements in sterilization techniques, and the development of innovative products are set to propel demand over the long-term. Demographic trends, such as an expanding elderly population and improved living standards, have also contributed towards the development of medical devices. Growing demand for strong, high performance materials is expected to fuel demand for engineered plastic resins. Increasing use of combination medical devices, changes in medical packaging market, shift towards miniature and portable devices, and role of advanced polymers in the development of new products are other factors contributing to market growth.

United States represents the largest medical plastics market worldwide, worth an estimated 3.7 billion pounds in 2007, as stated in a recent report published by Global Industry Analysts, Inc. Europe and Asia (excluding Japan) are the second and third largest markets respectively. US, Europe, and Asia-Pacific collectively captured more than 85% of the worldwide demand for medical plastics. Asia-Pacific holds enormous potential, and is projected to be the fastest growing regional market over the review period 2001-2010. Commodity resins market represents the leading resin type, with more than 45% share, while engineered resins market is set to witness the fastest growth through 2010.

Market participants in the medical plastics space include Advanced Polymers Inc, BASF, Bayer, Celanese Corp, Chevron Phillips Chemical, Cyro Industries, Dow Chemical, DuPont, Eastman Chemical, Exxon Mobil Corp, GE Plastics, Saint-Gobain Performance Plastics, Tekni-Plex Inc and others.

"Medical Plastics: A Global Strategic Business Report", published by Global Industry Analysts, Inc. provides a comprehensive review of market trends, drivers, product profile, players, competition, technological developments, environmental and regulatory issues, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and rest of world. Volume analytics are provided in terms of product segments (resin type) including Commodity Resins, Engineered Resins and Other Resins. End-use analytics are presented for Medical Product Components and Medical Packaging segments. The study also presents historic data for an insight into market evolution over the past fifteen years.

For more details about this research report, please visit http://www.strategyr.com/MCP-1502.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website