Europe Medical Plastic Market Share, Sourcing Strategy and Downstream Buyers 2021-2024

Posted on 2021-02-10 by researchinsights in Healthcare // 0 Comments

Felton, Calif., USA, Feb. 10, 2021 — /EPR Network/ —

Europe Medical Plastic Market is expected to reach USD 4.84 billion by 2024. Plastic is termed as a material, which is a part of synthetic solids, or semi-synthetic solids, which are used in producing industrial products. Medical plastic makes the procedure simpler and patients safer. It is used in manufacturing of several medical devices and equipment’s from diagnostic wants to MRI machines as well as surgical and medical tubing. The Europe Medical Plastic Market is estimated to grow at a significant CAGR of 5% over the forecast period as the scope and its applications are rising enormously across the globe.

Rising demand for medical plastic applications like surgical instruments, implants, and others, growing government initiative to support medical industry in the region, increasing R&D expenditure, and high demand for healthcare facilities and services are documented as major factors of Europe Medical Plastic Market that are estimated to enhance the growth in the years to come. However, waste disposal may be a major restraint to overall market in the coming years. Europe Medical Plastic industry is segmented based on type, application, and region.

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Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

Polyvinyl Chloride
Polypropylene
Polyethylene
Polystyrene
Silicone
Engineering Plastic
Others

The market may be categorized based on applications like drug delivery devices, disposables, dental tools, medical bags, diagnostic instruments, catheters, surgical instruments, syringes, implants, and others could be explored in the forecast period. Disposables sector accounted for the significant market share of Europe Medical Plastic and is estimated to continue its dominance in the coming years. This may be because of ensuring accuracy and safety, growing trend of self-medication & homecare, user-friendly products, and eliminating the effects of cross-contamination.

The key players of Europe Medical Plastic Market are Röchling, Lubrizol, Evonik, Ensinger, DSM, Celanese, Biometrics, Trinseo, Arkema, and BASF. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position

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Country Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

Germany
UK
France
Italy
Rest of Europe

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