Germany Medical Injection Molded Plastic Market Size & Outlook
Germany medical injection molded plastic market, 2019-2030 (US$M)
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Germany medical injection molded plastic market highlights
- The Germany medical injection molded plastic market generated a revenue of USD 1,824.5 million in 2022 and is expected to reach USD 2,712.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.1% 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 1,824.5 million |
| Market revenue in 2030 | USD 2,712.5 million |
| Growth rate | 5.1% (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, Germany accounted for 7.1% 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 Europe, Germany medical injection molded plastic market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,712.5 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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Germany 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 35.31% in 2022. Horizon Databook has segmented the Germany 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.
Germany has a very robust and well-established medical components industry. According to the International Trade Administration, Germany is the largest importer and exporter of medical components across the European Union.
The COVID-19 outbreak in Germany has driven the demand for medical equipment and has pushed the government to further increase its investment in innovative medical technology. For instance, in April 2021, the Federal Ministry of Education and Research announced to increase the medical funding by USD 23.7 million (EUR 20 million) to address the needs of COVID patients and improve medical components.
This funding is expected to drive medical component manufacturers to improve their product offerings, which, in turn, is anticipated to boost the growth of injection molded plastics across medical industry in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany medical injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into Germany medical injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Germany medical injection molded plastic market size, by product, 2019-2030 (US$M)
Germany Medical Injection Molded Plastic Market Outlook Share, 2022 & 2030 (US$M)
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