The Europe Medical plastic market was valued at US$ 6,434.3 million in 2019 and is projected to reach US$ 11,792.8 million by 2027; it is expected to grow at a CAGR of 7.9% during the forecast period 2020-2027.
Medical plastics are made from a huge number of macromolecules, which are utilized to produce consistent and safe instruments in the healthcare industry. They are remarkably long-lasting, supple, and economical. The performance, sterility, and quality of these tools is a major factor for market expansion. Medical plastics find a broad range of applications in diagnostic instruments, implants, disposables, drug delivery devices, surgical instruments, syringes, and catheters. The global population is projected to increase in the coming years.
Germany contributed to the largest share of the Europe medical plastic market. Germany is among the largest producers and consumers of medical plastic in Europe. The production and innovation of medical plastic applications have consistently risen for a decade. A recent study showed that innovation in drug delivery has been accelerating across Europe, especially in Germany. The research has successfully proved that there has been an average innovation increase of 4% in Germany. The increasing demand from the drug delivery application coupled with other applications such as medical disposables, prosthetics, and medical instruments and tools amongst others has further fuelled the growth of the market.
Impact of COVID-19 Pandemic on Medical plastic Market
In Europe, Italy is the hardest-hit country by the COVID-19 outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of COVID-19 cases. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
Europe Medical plastic Market
Market Insights
Advantages of Using Medical plastic
Medical plastics are made from a huge number of macromolecules, which are utilized to produce consistent and safe instruments in the healthcare industry. They are remarkably long-lasting, supple, and economical. The performance, sterility, and quality of these tools is a major factor for market expansion. Medical plastics find a broad range of applications in diagnostic instruments, implants, disposables, drug delivery devices, surgical instruments, syringes, and catheters. The global population is projected to increase in the coming years.
Type-Based Market Insights
Based on type, the Medical plastic market is segmented into standard plastics, engineering, plastics, high performance plastic (HPP), silicone, and others. The standard plastic segment accounted for the largest share of the Europe Medical plastic market in 2019. Polyvinyl chloride, polyolefin, polyethylene, polypropylene, polystyrene, and poly(methyl methacrylate) are some of the types considered under standard plastic segment. These materials must be processed and manufactured under a physician’s license to pass validation requirements and verification of the regulatory agencies. From test equipment such as beakers and vials to catheters, surgical instruments and implants, plastics are used more and more for their lightweight, high performance and lower costs. Among others, polyethylene is considered durable and versatile thermoplastic. Polyethylene have high impact resistance and is also resistance to chemicals, coupled with low moisture absorption make it a material medical grade plastic. Polyethylene doesn’t retain dangerous bacteria and have ability to withstand harsh cleaning agents. Moreover, polyethylene often utilized for medical implants owing to porous synthetic polymer property that is biologically inert and does not degrade in the body
Europe Medical plastic Market, by Product Type – 2019 and 2027
Application Market Insights
Based on application, the Medical plastic market is segmented into confectionery & bakery, jams & preserves, fruit- based beverages, dairy, and others. In 2019, the confectionery & bakery segment accounted for the largest share of the Europe Medical plastic market; however, the berries segment is expected to register the fastest CAGR during the forecast period. Medical plastic are extensively used in confectionery and bakery items for topping, adding flavors, decorations, and many more. Moreover, these fruits are available all year round, convenient, and retain flavors and nutrients, which will further boost the demand for Medical plastic. Most bakers like to bake their peaches with frozen fruit because it eliminates a few steps in the way.
Technique Market Insights
Based on technique, the Medical plastic market is segmented into medical disposables, prosthetics, medical instruments and tools, drug delivery, and others. In 2019, the medical instruments and tools segment accounted for the largest share of the Europe Medical plastic market. Plastics have been used extensively to create medical tools and medical instruments such as syringes, surgical gloves, insulin pens, catheters, IV tubes, inflatable splits, etc. Such products are manufactured for one-time use and help avoid the spread of dangerous diseases by eliminating the need to re-use or sterilize a device. Plastic is also being used to create superior antimicrobial touch surfaces which can repeal microbes and other bacteria, thus decreasing the spread of dangerous diseases. Disposable plastic syringes, new heart valves, blood bags and other medical devices are some of the several ways plastics have been utilized. Moreover, high-purity plastics are utilized in medical devices including surgical instruments, dental instruments, anesthetic, diagnostic, endoscopic probes and imaging equipment. Owing to their unique properties, certain plastics are better suited for medical applications where sterilization and safety are imperative. The overall demand for medical plastic for tools and medical instrument is expected to increase over forecast period due to safety, cost-effectiveness and efficiency.
Report Spotlights
- Progressive industry trends in the Europe Medical plastic market that help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Europe Medical plastic market from 2018 to 2027
- Estimation of Europe Medical plastic demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the market competition in Europe
- Market trends and outlook, coupled with factors driving and restraining the growth of the Europe Medical plastic market
- Decision-making process by understanding strategies that underpin commercial interest with regard to the Europe Medical plastic market growth
- Europe Medical plastic market size at various nodes of market
- Detailed overview and segmentation of the Europe Medical plastic market, as well as its dynamics in the industry
- Europe Medical plastic market size in various regions with promising growth opportunities
Medical plastic Market – By Type
- Standard Plastic
- Engineering Plastic
- High Performance Plastic (HPP)
- Silicone
- Others
By Application
- Medical Disposables
- Prosthetics
- Medical Instruments and Tools
- Drug Delivery
- Others
Company Profiles
- Celanese Corporation
- Eastman chemical company
- GW Plastics
- Orthoplastics Limited
- Aran Biomedical
- Rochling
- SABIC
- Saint-Gobain
- Solvay
- Dow
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Medical Plastic Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 EUROPE
4.3 Expert Opinion
5. Medical Plastic Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Various Advantages Offered by Plastics in Medical Devices
5.1.2 Rising Healthcare Investments in Emerging Economies
5.2 Market Restraints
5.2.1 Stringent Government Regulations
5.3 Market Opportunities
5.3.1 Development of Patient-Specific Implants and 3D Printed Devices
5.4 Future Trends
5.4.1 Robotics and Automation in Medical Plastics Industry
5.5 Impact Analysis Of Drivers And Restraints
6. Medical Plastic – Europe Market Analysis
6.1 Medical Plastic Market Overview
6.2 Europe Medical Plastic Market –Revenue and Forecast to 2027 (US$ Million)
7. Medical Plastic Market Analysis – By Type
7.1 Overview
7.2 Europe Medical Plastic Market, By Type (2019 and 2027)
7.3 Standard Plastics
7.3.1 Overview
7.3.1.1 Standard Plastics: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Engineering Plastics
7.4.1 Overview
7.4.1.1 Engineering Plastics: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
7.5 High Performance Plastic (HPP)
7.5.1 Overview
7.5.1.1 High Performance Plastic (HPP): Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Silicone
7.6.1 Overview
7.6.1.1 Silicone: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.1.1 Others: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
8. Medical Plastic Market Analysis – By Application
8.1 Overview
8.2 Europe Medical Plastic Market, By Application (2019 and 2027)
8.3 Medical Disposables
8.3.1 Overview
8.3.2 Medical Disposables: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Prosthetics
8.4.1 Overview
8.4.2 Prosthetics: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million and KT))
8.5 Medical Instruments and Tools
8.5.1 Overview
8.5.2 Medical Instruments and Tools: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Drug Delivery
8.6.1 Overview
8.6.2 Drug Delivery: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
9. Medical Plastic Market – Country Analysis
9.1 Europe: Medical Plastic Market
9.1.1 Europe: Medical Plastic Market – Volume, Revenue, and Forecast to 2027 (KT and US$ Million)
9.1.2 Europe: Medical Plastic Market, by Type
9.1.3 Europe: Medical Plastic Market, by Application
9.1.4 Europe: Medical Plastic Market, by Key Country
9.1.4.1 Germany: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.1.1 Germany: Medical Plastic Market, by Type
9.1.4.1.2 Germany: Medical Plastic Market, by Application
9.1.4.2 France: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.2.1 France: Medical Plastic Market, by Type
9.1.4.2.2 France: Medical Plastic Market, by Application
9.1.4.3 Italy: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.3.1 Italy: Medical Plastic Market, by Type
9.1.4.3.2 Italy: Medical Plastic Market, by Application
9.1.4.4 UK: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.4.1 UK: Medical Plastic Market, by Type
9.1.4.4.2 UK: Medical Plastic Market, by Application
9.1.4.5 Russia: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.5.1 Russia: Medical Plastic Market, by Type
9.1.4.5.2 Russia: Medical Plastic Market, by Application
9.1.4.6 Rest of Europe: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.6.1 Rest of Europe: Medical Plastic Market, by Type
9.1.4.6.2 Rest of Europe: Medical Plastic Market, by Applications
10. Impact of COVID-19 Pandemic on Europe Medical Plastic Market
10.1 Overview
11. Industry Landscape
11.1 Business Strategy & Business Planning
11.2 Merger and Acquisition
12. Company Profiles
12.1 Celanese Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products And Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eastman Chemical Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products And Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 GW Plastics
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products And Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Orthoplastics Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products And Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ARAN BIOMEDICAL TEORANTA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products And Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Rochling
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products And Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SABIC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products And Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Saint-Gobain
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products And Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Solvay
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products And Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Dow
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products And Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Medical Plastic Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Europe: Medical Plastic Market, by Type – Volume and Forecast to 2027 (KT)
Table 3. Europe: Medical Plastic Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Europe: Medical Plastic Market, by Application – Volume and Forecast to 2027 (KT)
Table 5. Europe: Medical Plastic Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Germany: Medical Plastic Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Germany: Medical Plastic Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. France: Medical Plastic Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. France: Medical Plastic Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy: Medical Plastic Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Italy: Medical Plastic Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. UK: Medical Plastic Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. UK: Medical Plastic Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. Russia: Medical Plastic Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia: Medical Plastic Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. Rest of Europe: Medical Plastic Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of Europe: Medical Plastic Market, by Applications – Revenue and Forecast to 2027 (US$ Million)
Table 18. List of Abbreviation
LIST OF FIGURES
Figure 1. Medical Plastic Market Segmentation
Figure 2. Medical Plastic Market Segmentation – By Country
Figure 3. Europe Medical Plastic Market Overview
Figure 4. Standard Plastic Segment Held Largest Share of Europe Medical Plastic Market
Figure 5. Germany Country Held Largest Share of Europe Medical Plastic Market
Figure 6. Europe Medical Plastic Market, Industry Landscape
Figure 7. EUROPE: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Medical Plastic Market Impact Analysis Of Driver And Restraints
Figure 10. Europe Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Europe Medical Plastic Market Revenue Share, by Type (2019 and 2027)
Figure 12. Europe Standard Plastics: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Europe Engineering Plastics: Medical Plastic Market –Revenue and Forecast to 2027 (US$ Million)
Figure 14. Europe High Performance Plastic (HPP): Medical Plastic Market –Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Silicone: Medical Plastic Market –Revenue and Forecast to 2027 (US$ Million)
Figure 16. Europe Others: Medical Plastic Market –Revenue and Forecast to 2027 (US$ Million)
Figure 17. Europe Medical Plastic Market Revenue Share, by Application (2019 and 2027)
Figure 18. Europe Medical Disposables: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Europe Prosthetics: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Europe Medical Instruments and Tools: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Europe Drug Delivery: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Europe Others: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Europe: Medical Plastic Market – Volume and Forecast to 2027 (KT)
Figure 24. Europe: Medical Plastic Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Europe: Medical Plastic Market Revenue Share, by Type (2019 and 2027)
Figure 26. Europe: Medical Plastic Market Revenue Share, by Application (2019 and 2027)
Figure 27. Europe: Medical Plastic Market Revenue Share, by Key Country (2019 and 2027)
Figure 28. Germany: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. France: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Italy: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. UK: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. Russia: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 33. Rest of Europe: Medical Plastic Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets
List of Companies
- Celanese Corporation
- Eastman chemical company
- GW Plastics
- Orthoplastics Limited
- Aran Biomedical
- Rochling
- SABIC
- Saint-Gobain
- Solvay
- Dow
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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