China Medical Injection Molded Plastic Market Size & Outlook
China medical injection molded plastic market, 2019-2030 (US$M)
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China medical injection molded plastic market highlights
- The China medical injection molded plastic market generated a revenue of USD 2,595.8 million in 2022 and is expected to reach USD 3,985.8 million by 2030.
- The China market is expected to grow at a CAGR of 5.5% 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 2,595.8 million |
| Market revenue in 2030 | USD 3,985.8 million |
| Growth rate | 5.5% (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, China accounted for 10.1% 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 Asia Pacific, China medical injection molded plastic market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 950.5 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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China 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 34.46% in 2022. Horizon Databook has segmented the China 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.
China’s medical injection molded plastics market is projected to witness substantial growth over the forecast period. The growth can be attributed to high healthcare costs, increasing private and public expenditure on healthcare, and the growing burden of diseases.
Furthermore, the increasing geriatric population is expected to be a major contributor to the healthcare industry, which is expected to positively impact the market over the forecast period.
Amidst the rising cases of the COVID-19 pandemic in China, the demand for medical equipment, including medical components, surgical tools, face masks, gloves & aprons, ventilators, and others, is expected to rise massively. This is expected to drive the market demand over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the China medical injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into China medical injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China medical injection molded plastic market size, by product, 2019-2030 (US$M)
China Medical Injection Molded Plastic Market Outlook Share, 2022 & 2030 (US$M)
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