Canada Medical Injection Molded Plastic Market Size & Outlook
Canada medical injection molded plastic market, 2019-2030 (US$M)
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Canada medical injection molded plastic market highlights
- The Canada medical injection molded plastic market generated a revenue of USD 1,040.0 million in 2022 and is expected to reach USD 1,509.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2022.
- Polypropylene (PP) is the most lucrative product segment registering the fastest growth during the forecast period.
Medical injection molded plastic market data book summary
| Market revenue in 2022 | USD 1,040.0 million |
| Market revenue in 2030 | USD 1,509.4 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polypropylene (PP) |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polycarbonate (PC) |
| Key market players worldwide | Dow Inc, SABIC, Eastman Chemical Co, Covestro AG, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, INEOS, Rutland Plastic Technologies |
Other key industry trends
- In terms of revenue, Canada accounted for 4.1% of the global medical injection molded plastic market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medical injection molded plastic market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 12,771.5 million by 2030.
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Medical Injection Molded Plastic Market Scope
Medical Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada medical injection molded plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 34.57% in 2022. Horizon Databook has segmented the Canada medical injection molded plastic market based on polypropylene (pp), acrylonitrile butadiene styrene (abs), polyethylene (pe), polystyrene (ps), polycarbonate (pc) covering the revenue growth of each sub-segment from 2019 to 2030.
Healthcare industry in Canada is attracting significant investments in both public and private sectors owing to the increasing geriatric population and rising incidences of chronic diseases. According to the Canadian Institute for Health Information (CIHI), government spending on healthcare industry was about 12.7% of the country’s total GDP in 2021.
The country is characterized by high health consciousness and high life expectancy, viz., 85 years for women and 79 years for men. This is anticipated to pose lucrative growth opportunities for medical plastic manufacturers in the country.
The expansion of healthcare industry is being fueled by the introduction of new and more expensive medical devices and increased per-patient use of medical supplies. This is expected to drive the product demand over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical injection molded plastic market size, by product, 2019-2030 (US$M)
Canada Medical Injection Molded Plastic Market Outlook Share, 2022 & 2030 (US$M)
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