Rising demand for single-use items like syringes, catheters, and IV bags to prevent infections is boosting the medical plastic compounds market.

NEW YORK CITY, NY, UNITED STATES, March 27, 2025 /EINPresswire.com/ -- 𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐞𝐝𝐢𝐜𝐚𝐥 𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 78.22 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2024 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐚𝐧𝐝 𝐭𝐨 𝐔𝐒𝐃 127.90 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2034, 𝐫𝐞𝐟𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 5.0% 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝. 2025 𝐭𝐨 2034.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The medical plastic compounds market focuses on the production and sale of plastic materials specifically designed for use in medical devices, equipment, and packaging. These compounds are engineered to meet strict regulatory standards for safety, durability, and performance in healthcare applications. They include various types of plastics, such as biocompatible, sterilizable, and flexible materials, used in products such as syringes, catheters, and medical packaging.

A growing inclination for single-use medical commodities, such as syringes, catheters, and IV bags, to prohibit pollution and contamination is fostering the medical plastic compounds market growth. Also, advancements in medical devices and drug delivery systems are increasing the demand for advanced, durable, and lightweight medical plastic compounds, fuelling market growth.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/medical-plastic-compounds-market/request-for-sample?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐀𝐠𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧:
The aging population globally is rising. As per the World Health Organization (WHO), approximately 16.7% of the worldwide population will be aged 60 and above, escalating from 1 billion in 2020 to 1.4 billion by 2030. Additionally, by 2050, this collective is anticipated to reach 2.1 billion, productively doubling in just 30 years. The elderly population is inclined to several illnesses needing a greater proportion of medical processes and devices, driving the medical plastic compounds market sales exponentially.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐔𝐬𝐚𝐠𝐞 𝐨𝐟 𝐁𝐢𝐨𝐜𝐨𝐦𝐩𝐚𝐭𝐢𝐛𝐥𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬:
Commendatory directives reinforcing the usage of biocompatible and harmless plastics are driving the market. For instance, in November 2024, the Biden-Harris Administration instigated a thorough National Strategy targeted at diminishing plastic pollution. The strategy underscores association with industry stakeholders, local governments, and ecological firms to push green practices and encourage research into biodegradable options.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
• BASF
• Celanese Corporation
• Covestro AG
• Dow
• DuPont
• Eastman Chemical Company
• Evonik Industries AG
• Mitsubishi Chemical Group Corporation.
• RAUMEDIC AG
• SABIC
• Saint-Gobain Performance Plastics Pampus GmbH.
• Solvay
• Tekni-Plex, Inc.
• Teknor Apex
• Trelleborg Group.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/medical-plastic-compounds-market/request-for-discount-pricing?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
The medical plastic compounds market segmentation is based on product, application, and region.

Based on product, the polyvinylchloride segment dominated the market due to its unusual inventiveness, longevity, and economy in medical applications. PVCs intrinsic attributes, such as chemical aversion, flexibility, and similarity with sterilization procedures, rendered it a favored substance for manufacturing medical devices involving IV bags, tubing, catheters, and blood bags.

Based on application, the disposables segment accounted for a major share driven by the growing usage of single-use medical devices and consumables in healthcare establishments. Surging worries over pollution and healthcare-associated infections (HAIs) have pushed the demand for disposable commodities such as syringes, IV tubes, catheters, and surgical gloves, which are foremost rendered from medical-grade plastics.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
North America led the medical plastic compounds market due to an amalgamation of progressive healthcare frameworks and notable funding for medical technology inventions. Additionally, stringent administrative frameworks dictating the usage of biocompatible and high-standard substances push the regional market growth. The region’s speedily maturing population and growing existence of detrimental illnesses have pushed the demand for medical devices, disposables, and diagnostic instruments.

Asia Pacific is steadily expanding due to the speedy augmentation of the healthcare sector, growing government funding in the healthcare framework, and surging demand for progressive medical devices and disposables. The World Bank is progressing with healthcare funding in East Asia and the Pacific to improve human capital, safeguard lives, and encourage economic strength post-pandemic. The reinforcement concentrates on augmenting coverage, enhancing essential healthcare standards, and fortifying basic public health operations through proof-dependent improvements and inventive practices.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/medical-plastic-compounds-market/inquire-before-buying?utm_source=EIN&utm_medium=EIN&utm_campaign=EIN&utm_id=01

𝐅𝐀𝐐𝐬:
What is the growth rate of the 𝐦𝐞𝐝𝐢𝐜𝐚𝐥 𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐬 market?
The global market is projected to register a CAGR of 5.0% during the forecast period.

Which segment by product accounted for the largest medical plastic compounds market share in 2024?
In 2024, the polyvinylchloride segment accounted for the largest market share.

What are medical plastic compounds?
Medical plastic compounds encompass the production and application of specialized plastic materials engineered for use in the healthcare and medical industry.

How is the market segmented?
The market is segmented on the basis of product, application, and region.

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𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

Likhil G
Polaris Market Research and Consulting
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sales@polarismarketresearch.com
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