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Showing posts with the label Medical Plastic Industry

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