The global medical plastics market size was estimated at USD 52.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

This growth can be attributed to the development of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The demand for medical device packaging is likely to be driven by a rise in demand for in-house and advanced medical devices. Plastics including polyethylene, polypropylene, and polycarbonate are increasingly being utilized for the manufacturing of medical devices. The growth of home healthcare due to its low costs compared to hospital care and intensive care has resulted in a rise in demand for medical devices.

According to the latest U.S. census, 16.8% of the U.S. population is over the age of 65 years and this number is anticipated to reach 74 million by 2030. People aged over 85 need the most care and their population is growing rapidly. In March 2021, the U.S. President, Joe Biden, proposed spending USD 400 billion on Medicaid over eight years to fund at-home care for elderly and disabled people as well as increase the wages of caregivers.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

Medical Plastic Market Report Highlights

• Based on product, the Polyphenylsulfone (PPSU) resin dominated product segmentation for 2023 in terms of revenue share above 51.0%, due to the heat and chemical resistance of PPSU. These plastics possess high strength and durability, making essential surgical tools.

• Asia Pacific possessed a high market share in 2023, due to increasing healthcare expenditure. However, Governments in China, India and Japan are investing heavily, to prevent rising chronic diseases and upgrading healthcare infrastructures. Per capita healthcare spending is elevating, setting the stage for healthcare revolution in the region.

• Regulations are the key factor influencing the medical device industry, thereby influencing the medical plastics market in Europe and North America. Rising government concerns regarding the offering of high-quality, safe, and effective medical devices are expected to have a negative impact on the market growth over the forecast period.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global polybutadiene market size was valued at USD 1.88 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.

• The global polycarbonate sheet market size was valued at USD 4.64 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030. 

Medical Plastic Market Segmentation

Grand View Research has segmented the global medical plastic market based on product, application, and region:

Medical Plastics Product Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• Polyethylene (PE)

• Polypropylene (PP)

• Polycarbonate (PC)

• Liquid Crystal Polymer (LCP)

• Polyphenylsulfone (PPSU)

• Polyethersulfone (PES)

• Polyethylenimine (PEI)

• Polymethyl Methacrylate (PMMA)

• Others

Medical Plastics Process Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Extrusion

• Injection Molding

• Blow Molding

• Other

Medical Plastics Application Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• Medical Device Packaging

• Medical Components

• Orthopedic Implant Packaging

• Orthopedic Soft Goods

• Wound Care

• Cleanroom Supplies

• BioPharm Devices

• Mobility Aids

• Sterilization and Infection Prevention

• Tooth Implants

• Denture Base Material

• Other Implants

• Others

Medical Plastics Region Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Netherland

• Asia Pacific

o China

o India

o Japan

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o UAE

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