Japan Medical Injection Molded Plastic Market Size & Outlook
Japan medical injection molded plastic market, 2019-2030 (US$M)
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Japan medical injection molded plastic market highlights
- The Japan medical injection molded plastic market generated a revenue of USD 734.0 million in 2022 and is expected to reach USD 1,104.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.2% 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 734.0 million |
| Market revenue in 2030 | USD 1,104.5 million |
| Growth rate | 5.2% (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, Japan accounted for 2.9% 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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Japan 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 32.44% in 2022. Horizon Databook has segmented the Japan 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.
The medical injection molded plastics market in Japan is expected to witness high growth over the forecast period on account of increasing demand in end-use applications. Moreover, increasing healthcare cost in the country on account of the prevalence of expensive and innovative treatments are expected to drive the demand for medical injection molded plastics over the forecast period.
Increasing incidence of chronic diseases has led to higher healthcare costs, which, in turn, is likely to positively impact the market demand over the forecast period. According to health policy studies of the Organization for Economic Co-operation and Development (OECD), Japan has the highest life expectancy of 83.9 years among OECD countries.
This implies a higher risk of COVID-19 for elderly citizens in Japan; furthermore, the global death rate of older people (60 years and above) is higher, putting the older population in Japan at high risk.
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Our clientele includes a mix of medical injection molded plastic market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan medical injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into Japan medical injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Japan medical injection molded plastic market size, by product, 2019-2030 (US$M)
Japan Medical Injection Molded Plastic Market Outlook Share, 2022 & 2030 (US$M)
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