Medical Plastics Extrusion Market is Segmented Product Outlook (Revenue, USD Million, 2022 - 2031) Medical Tubing and Other. Application Outlook (Revenue, USD Million, 2022 - 2031) Hospital, Clinic and Other.
Medical plastic extrusion is one of the effectual, constructive methods for converting the characteristics of raw plastic using a mixture of additives. Medical plastics extrusion manufacturers are involved in providing medical devices with specific tubing that causes to set new production and quality expectations of the medical department. It functions as a producer for medical devices like tube, injections e.t.c.
Medical Plastics Extrusion Market size was estimated at $24,350.4 Million in 2019 and is expected to reach $38,592.7 Million by 2031, growing at a CAGR of 6.8% during the forecast period of 2022 to 2031.
The forces that are rapidly driving the global medical plastics extrusion market, which is essentially the development in the technology of medical plastics extrusion, and the growth of new competitions in the market which augment the growth of the market for the medical plastics extrusion process. The pulling back factors of its market is divided along the lines of its technology, treatment, application, and regional. On the basis of technology segmentation, it majorly covers medical tubing while application segmentation covers hospitals, clinics, and other applications. On the basis of geographic segmentation, the global medical plastics extrusion market covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each geographic market is further divided to serve market revenue for selected countries such as the United States, Canada, United Kingdom, Germany, China, Japan, India, Brazil, and GCC countries.
Medical Plastics Extrusion Market Growth and Trends
The functionality of medical plastic extrusion being one of the effective methods for converting the features of raw plastic using a blend of additives triggers high demand for the same. Custom medical plastic extrusion is effective in combining properties of advanced materials for enabling specific performance features for medical plastic tubing or plastic parts and can form multi-lumen tubing or complex profiles to fit a wide range of applications, which majorly influences the market growth for medical plastics extrusion. Materials used in medical plastics extrusion include polyvinyl chloride, polyurethanes, nylon co-polymers, polycarbonate, polyether ether ketone, and silicone which are used for several purposes. The medical plastic extrusion process is effective in changing the physical, thermal, electrical, or aesthetic features of the plastic, which entails incorporation of a wide range of fillers, additives, and reinforces to base resin in order to attain an extensive range of structural and pre-colouring properties. These are lightweight and bio-compatible, and the cost of production is also less, thus adding to the growth factors of the medical plastics extrusion market. Catheters and syringes, diagnostic instruments, dental tools, implants, drug delivery devices, medical bags, and surgical instruments being key applications of medical plastics extrusion fuels rising demand. Manufacturers of medical devices concentrate on employing advanced plastics like engineering thermoplastics. Technological advancements in manufacturing plastic with properties such as high absorbency and microbial resistance are lessening cross contamination in healthcare facilities, which is anticipated to propel the manufacture and demand of new and innovative medical plastic extrusion products in the near future. Governments initiatives to increase the use of technology in the manufacture of medical plastic extrusion has surged the market for the same.
The costs involved in this process could be a limiting growth factor that’s far outweighed by the benefits it offers, ensuring sustained market growth.
Medical Plastics Extrusion Market Competition
Key companies operating in this industry are Vesta, Vention Medical, Putnam Plastics, Pexco, Raumedic, Fluortek, VistaMed, Teel Plastics, Biomerics, A.P. Extrusion and ACE .
• Medical Plastics Extrusion Market Revenue Estimation and Forecast (2022 – 2031)
• Production Estimation and Forecast (2022 – 2031)
• Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
• Breakdown of Revenue by Segments (2022 – 2031)
• Breakdown of Production by Segments (2022 – 2031)
• Breakdown of Sales Volume by Segments (2022 – 2031)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Medical Plastics Extrusion Market Segmentation
Product Outlook (Revenue, USD Million, 2022 - 2031)
• Medical Tubing
Application Outlook (Revenue, USD Million, 2022 - 2031)
Country (Revenue, USD Million, 2022 - 2031)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
The Middle East and Africa
• Saudi Arabia
Medical Plastics Extrusion Market Companies
• Vention Medical
• Putnam Plastics
• Teel Plastics
• A.P. Extrusion
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