Global Medical Plastics Market Analysis, Drivers, Threats, Trends, Applications, And Growth Forecast To 2027

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Medical Plastics
Medical Plastics

Thin tubes, disposable syringes, intravenous blood bags, and the massive shell of an open MRI machine all use medical plastics. The use of plastics in the manufacture of numerous disposable medical equipment has simplified and lessened the discomfort associated with health treatment. Plastics have become increasingly significant in modern medicine during the last few decades. Plastics, as opposed to metals, ceramics, and glass, have greater design flexibility, allowing them to be manufactured into a wide range of sizes, forms, thicknesses, and colors. Their properties can also be adjusted to fit a variety of physical, mechanical, chemical, and biological needs.

Various advancements in high-performance polymers, as well as the benefits of the Medical Plastics Market over other materials, have expanded plastics' applications in the healthcare industry. In the production of class I medical equipment, polyvinyl chloride (PVC) is extensively employed. Medical equipment made of polyvinyl chloride can be sterilized quickly and easily with ethylene oxide, steam, or radiation. Polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), polypropylene (PP), silicones, and other medical plastics are available on the market.

Market Dynamics for Medical Plastics

The Medical Plastics Market is Growing due to an increase in the use of medical devices in hospitals. For inner body insights, medical equipment such as MRI plays a critical role in lab tests and clinical diagnostics. The medical plastics industry is expected to develop as more imaging modalities, such as MRI, are used. According to research published in the National Health Services in 2017, around 41 million medical imaging tests were performed in England in 2017, with 3.49 million imaging tests taking place in January 2017 and 0.28 million MRIs being performed.

Furthermore, rising government and private sector investments in health and medical research & development are likely to boost the Medical Plastics Market forward. For example, according to Research America's U.S. Investments in Medical and Health Research and Development report 2017, investment in medical and health research and development (R&D) in the United States increased by 20.6 percent between 2013 and 2016. Furthermore, the private industry invested approximately US$ 115.9 billion in medical and health R&D, whilst public agencies invested a total of US$ 37.6 billion, with the National Institutes of Health (NIH) accounting for nearly US$ 30.5 billion.

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