Medical Plastics Market Records Robust Growth Due to COVID-19 Pandemic Impact, Global Market Projected to Touch $28 Billion in 2020 – Market Research Report (2019-2026)

Wednesday 12 August 2020, Amsterdam

The new report "Medical Plastics – A Global Market Overview" reveals that the Asia-Pacific market is poised to grow at a robust 10.9% CAGR between 2019-2021. The region is also estimated account for the largest global share of 29% in 2020.

The plastics industry is considered as an essential sector during the COVID-19 pandemic. The demand for single-use plastics like hospital gowns, gloves, masks that are used to protect healthcare workers increases during the COVID-19 outbreak. Plastics processors, mold-making companies, and equipment makers are operating to supply the plastic components and products required by the healthcare industry.

During Covid-19 outbreak, increased requirements of Personal Protective Equipment (PPE) will boost the consumption of standard plastics such as PP, PE, and drive market demand. The overall global market for Medical Plastics is expected to reach US$28 billion in 2020.

Global medical grade plastics market
The Medical Plastics product types market analyzed in this report includes Standard Plastics, Engineering Plastics, High Performance Plastics, Silicone and Other. The also report examines the market for Medical Plastics applications comprising Medical Disposables, Diagnostic Equipment, Drug Delivery & Feeding Devices, Surgical Equipment and Other Applications.

The report reviews, analyses and projects the Medical Plastics market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of value in USD. These regional markets further analyzed for 14 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Spain and The United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Argentina and Brazil.