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The global medical plastics market size is projected to reach USD 54.29 billion by 2027, exhibiting a CAGR of 7.1% during the forecast period. The meteoric rise in the demand for personal protective equipment (PPE) across countries will inevitably fuel the uptake of these plastics, finds Fortune Business Insights™ in its report, titled “Medical Plastics Market Size, Share & COVID-19 Impact Analysis, By Application (Medical Disposables, Medical Instruments, Prosthetics & Implants, Drugs Packaging, and Others), and Regional Forecast, 2020-2027”. PPE is made from plastics and other polymers and the on-going COVID-19 pandemic has escalated the demand for such equipment among frontline health workers worldwide.

 

List of the Leading Companies Profiled in the Medical Plastics Market Research Report are:

  • Eastman Chemical Company (United States)
  • GW Plastics (United States)
  • Solvay (Belgium)
  • Evonik (Germany)
  • Celanese Corporation (United States)
  • Nolato AB (Sweden)
  • Röchling (Germany)
  • Covestro AG (Germany)
  • BASF SE (Germany)
  • SABIC (Saudi Arabia)

Competitive Landscape

Prioritization of Response to COVID-19 to be Central Focus for Key Players

As the coronavirus continues to wreak havoc around the world, key players in the market for medical plastics are focused on prioritizing their response of this unprecedented health crisis. Many companies have boosted their production to produce essential equipment for frontline health workers, while some others are ramping up their R&D spending to launch innovative solutions for the health industry.


Industry Developments:

  • April 2020: US-based Celanese Corporation is supporting healthcare workers by enhancing its production of specialty materials for applications such as PPE, ventilators, and other medical devices. 
  • February 2020: Pirouette Medical designed and developed a novel auto-injector, featuring improved portability and affordability, along with lower costs, for the delivery of epinephrine and other medications in patients. The unique device has been injection-molded with Covestro’s Makrolon® 2458 polycarbonate.

Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/medical-plastics-market-102136

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