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Medical Plastics Market to Reach Value of US$ 76.7 Bn by 2031, TMR Study – PR Newswire UK

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13 Jul, 2022, 16:30 BST
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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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Medical Plastics Market Segmentation
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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Transparency Market Research Inc.
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