Medical Plastics Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 5.00% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Medical Plastics Market Analysis
The Medical Plastics Market is expected to register a CAGR of greater than 5% during the forecast period.
- The surgical instruments application is expected to dominate the global medical plastics market over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Medical Plastics Market Trends
Surgical Instruments Application to Dominate the Market
- Engineering plastics have replaced wood in its application as a handle for surgical instruments. Being a non-hygroscopic material, these plastics can be used in place of wood or any other metal as a handle for surgical instruments.
- Another advantage of plastics is the ease of cleaning. Moreover, it has a dimensional accuracy and can be molded into any shape.
- Plastics can be used as a material for handles of surgical instruments, due to its high impact resistance and thermal stability. Further, this material needs low maintenance and less frequent sterilization.
- All the manufacturers are switching from metal and wood to engineering plastics like POM, due to its low price, superior performance, non-hygroscopic property, and good machinability.
- The market for surgical instruments is lucrative in emerging economies, due to growth in medical tourism, increasing disposable incomes of consumers, and increasing health awareness among people. With an increase in the surgical instruments market, the market for POM is also likely to increase at an almost equivalent rate, over the forecast period.
- The implementation of Da Vinci surgical system (robotic-assisted) may play a significant role in the surgical instruments industry, since it provides a platform for robotic-assisted surgeries, which use certain parts made with plastics.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market due to the increase in medical devices manufacturing in China, India, Japan, and ASEAN Countries.
- The steady increase in the economy of India and the mission to reach USD 5 trillion economies combined with a substantial increase in Foreign Direct Investment will result in an increased lifestyle of people. Thereby resulting in an increase in spending on healthcare. Double-digit growth in the medical devices industry can safely be estimated.
- Ayushman Bharat scheme whereby the Govt has planned to reach out to provide affordable healthcare to approx. 100 million families or 500 million individuals will greatly impact the medical plastic market.
- Japan has a good medical device manufacturing facility, and it exports the majority to other countries, recent revamps in the laws has given domestic manufacturers a big gain, relaxing some regulations.
- The population of Japan is increasingly tilted towards the elderlies, where 25% of the population has population of 65 or more. Therefore, the increase in govt spending will propel the medical device market.
- South Korea has been experiencing a boom in medical tourism and this may result in increasing medical plastics demand.
- Such factors are expected to contribute to the demand for medical plastics consumption during the forecast period.
Medical Plastics Industry Overview
The Medical Plastics market is fragmented with many major players competing globally. The major companies include Saint-Gobain Performance Plastics, Röchling, Celanese Corporation, DuPont, and Mitsubishi Chemical Corporation among others.
Medical Plastics Market Leaders
-
Saint-Gobain Performance Plastics
-
Röchling
-
Celanese Corporation
-
DuPont
-
Mitsubishi Chemical Corporation
- *Disclaimer: Major Players sorted in no particular order
Medical Plastics Industry Segmentation
The Medical Plastics market report includes:
| Type | Traditional Plastics | Polyethylene (PE) | |
| Polypropylene (PP) | |||
| Polystyrene(PS) | |||
| Polyvinylchloride(PVC) | |||
| Engineer Plastics | Acrylonitrile butadiene styrene (ABS) | ||
| Polycarbonate (PC) | |||
| Polymethylmethacrylate (PMMA) | |||
| Polyetheretherketone (PEEK) | |||
| Polyoxymethylene (POM) | |||
| Polyphenylene Oxide (PPO) | |||
| Others | |||
| Application | Surgical instruments | ||
| Disposables | |||
| Diagnosis instruments | |||
| Sterilization trays | |||
| Anesthetic and imaging equipment | |||
| Others | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| Italy | |||
| France | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| MiddleEast and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle-East and Africa | |||
| Traditional Plastics | Polyethylene (PE) |
| Polypropylene (PP) | |
| Polystyrene(PS) | |
| Polyvinylchloride(PVC) | |
| Engineer Plastics | Acrylonitrile butadiene styrene (ABS) |
| Polycarbonate (PC) | |
| Polymethylmethacrylate (PMMA) | |
| Polyetheretherketone (PEEK) | |
| Polyoxymethylene (POM) | |
| Polyphenylene Oxide (PPO) | |
| Others |
| Surgical instruments |
| Disposables |
| Diagnosis instruments |
| Sterilization trays |
| Anesthetic and imaging equipment |
| Others |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific | |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| Italy | |
| France | |
| Rest of Europe | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| MiddleEast and Africa | Saudi Arabia |
| South Africa | |
| Rest of Middle-East and Africa |
Medical Plastics Market Research FAQs
What is the current Medical Plastics Market size?
The Medical Plastics Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in Medical Plastics Market?
Saint-Gobain Performance Plastics, Röchling, Celanese Corporation, DuPont and Mitsubishi Chemical Corporation are the major companies operating in the Medical Plastics Market.
Which is the fastest growing region in Medical Plastics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Medical Plastics Market?
In 2025, the Asia Pacific accounts for the largest market share in Medical Plastics Market.
What years does this Medical Plastics Market cover?
The report covers the Medical Plastics Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Medical Plastics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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