Europe Medical Plastic Market: Demand, Supply, SWOT, Consumption, ROI to 2024

Growing demand for medical plastics in applications such as disposables, surgical instruments, diagnostic components, implants, and orthopedics is expected to drive demand. Rising demand for healthcare services and facilities coupled with increasing government support to the medical industry in the Europe is expected to have a positive impact on the industry growth.

The Europe Medical Plastic Market is expected to reach USD 4.84 billion by 2024, according to a new report by Grand View Research, Inc.

Rising R&D expenditure related to the manufacture of bio-compatible medical plastics with superior quality, low cost, and minimal health hazards is anticipated to propel demand. However, stringent regulatory scenario associated with the medical device manufacturing and waste disposal are anticipated to be key challenges for the industry in the region

Europe medical plastic industry is highly competitive and fragmented owing to the presence of numerous players. Manufacturers are coming up with various innovative technologies in order to reduce cost and improve product quality and durability. Price volatility of the feedstock and stringent government regulations associated with the medical device manufacturing are expected to be the key factors affecting the industry growth.

Competition in the medical plastic market is likely to help consumers in terms of cost, quality and product innovation. Cost competitiveness and product quality are anticipated to be the key factors influencing buyer power decision. High production volumes and ease of availability of the product is expected to propel demand over the projected period.

Polyethylene was the largest product segment for Europe medical plastic industry in terms of volume in 2015 and is expected to grow at a CAGR of over 5% from 2016 to 2024. Rising demand for the product for manufacturing artificial tendons, surgical cables, tubing and orthopedic sutures is expected to drive growth.

To Know More About Europe Medical Plastic Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/europe-medical-plastic-market

Disposable was the key application segment for the industry, accounting for 25% of the total market in 2015 and this trend is expected to continue over the forecast period. Growing demand for devices such as disposable enemas, cleaning gloves, contact lenses, hypodermic needles and Dialysis disposables is anticipated to drive demand for various plastic materials such as PVC, silicones, and PE.

Top Players of Europe Medical Plastic Market:

Key players in the industry include Rochling Group, Nolato AB, GW Plastics, Saint-Gobain Performance Plastics Corporation, Orthoplastics Ltd., Eastman Chemical Company, Celanese Corporation, The Dow Chemical Company and Tekni-Plex.

Market Segmentation of Europe Medical Plastic Market:

The Europe Medical Plastic Market segmented on the basis of Product, Application and Country.

By Product:

    Polyvinyl Chloride
    Polypropylene
    Polyethylene
    Polystyrene
    Silicone
    Engineering Plastic

By Application:

    Disposables
    Containers
    Catheters
    Surgical instruments
    Medical bags
    Implants
    Drug testing equipment

Inquire about Europe Medical Plastic Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3040

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc. The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...

Point of Entry Water Treatment Systems Market Competitive Landscape by 2025

Growing public awareness towards healthy lifestyle along with increasing water pollution is projected to drive the market over the forecast period. The Global Point of Entry Water Treatment Systems Market is estimated to be valued at USD 9.95 billion by 2025, according to a new report by Grand View Research, Inc. Exponential growth in the global population has exerted considerable pressure on the existing water resources available for human consumption, in turn augmenting the dependence on groundwater owing to its easy availability. However, improper disposal of wastewater generated in agricultural and industrial areas has led to largescale contamination of groundwater in urban areas, enhancing the global point of entry water treatment systems market by 2025. Favorable government regulations to ensure the supply of healthy drinking water is predicted to boost market growth over the forecast period. The growing investments towards development of efficient point of entry water t...

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...

Chemical Planet

Search This Blog