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WILMINGTON, Del. , July 13, 2022 /PRNewswire/ -- Applications of medical plastics are proliferating on the back of abundant demand for medical equipment and surgical devices in the healthcare industry. Polyethylene, polypropylene, polystyrene, and engineering plastics are some of the popular types in medical plastics that have undergone continuous improvements in performance characteristics such as in blood/tissue biocompatibility, chemical resistance, physical strength, and flexibility. A TMR report on the medical plastics market projects the value to reach US$ 76.7 Bn by the end of the forecast period of 2022–2031.
Suppliers of raw materials to medical devices manufacturers have witnessed new avenues from the use of improved processing technologies in engineering polymers. They are expanding R&D funding on improving the processability of polymeric materials to cater to the next-gen biomedical applications. The incorporation of such materials is enriching streams of revenue of medical plastics market.
A granular medical plastics market demand analysis has found widespread demand for polyethylene medical plastics. The introduction of new commodity plastics for a wide spectrum of implants, surgical instruments, medical bags, and drug delivery devices has catalyzed the growth prospects of the medical plastics market. The need for specialty medical-grade polymers for meeting the performance characteristics of the materials for implants will enrich the scope for medical plastics market.
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Key Findings of Medical Plastics Market Study
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Medical Plastics Market: Key Drivers
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Medical Plastics Market: Regional Growth Dynamics
Medical Plastics Market: Key Players
Prominent companies in the market include Tekni-Plex, Inc., Saint-Gobain S.A., The Lubrizol Corporation, Trelleborg AB, Trinseo S.A., Exxon Mobil Corporation, Solvay SA, DowDuPont Inc., Royal DSM, Covestro AG, Celanese Corporation, BASF SE, and Arkema S.A.
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