U.S. Medical Injection Molded Plastic Market Size & Outlook
U.S. medical injection molded plastic market, 2019-2030 (US$M)
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U.S. medical injection molded plastic market highlights
- The U.S. medical injection molded plastic market generated a revenue of USD 8,619.6 million in 2022 and is expected to reach USD 12,771.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 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 8,619.6 million |
| Market revenue in 2030 | USD 12,771.5 million |
| Growth rate | 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, U.S. accounted for 33.6% 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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U.S. 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 35.58% in 2022. Horizon Databook has segmented the U.S. 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.
In the U.S., the frequent increment in costs of medical devices and reduced margins have severely impacted healthcare providers and health plans. This compelled the government to ensure a significant transformation of healthcare funding and insurance coverage segments in the country through the introduction of the Affordable Care Act (ACA) and Medicaid, which provide medical aid to the low-income population of the country.
This is expected to drive the product demand for the healthcare industry over the forecast period. Furthermore, the market growth can be attributed to the growing demand for generic drugs and medical devices from consumers as a result of increasing healthcare spending.
Rising healthcare cost has been one of the biggest challenges faced by the U.S. healthcare industry in recent times. To provide cost-effective healthcare services to the population of the country, several urgent care clinics were established over the past few years.
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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 U.S. medical injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. medical injection molded plastic market size, by product, 2019-2030 (US$M)
U.S. Medical Injection Molded Plastic Market Outlook Share, 2022 & 2030 (US$M)
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