Asia Pacific Medical Plastic Market Size & Outlook
Asia Pacific medical plastic market, 2018-2030 (US$M)
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Asia Pacific medical plastic market highlights
- The Asia Pacific medical plastic market generated a revenue of USD 15,578.8 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, polyphenylsulfone (ppsu) was the largest revenue generating product in 2023.
- Polypropylene (PP) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 15,578.8 million |
| Market revenue in 2030 | USD 26,582.3 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Polyphenylsulfone (ppsu) |
| Fastest growing segment | Polypropylene (PP) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Polycarbonate (PC), Liquid Crystal Polymer (LCP), Polyphenylsulfone (PPSU), Polyethersulfone (PES), Polyethylenimine (PEI), Polymethyl Methacrylate (PMMA) |
| Key market players worldwide | Röchling Group, Nolato AB Class B, Compagnie de Saint-Gobain SA, SABIC, Orthoplastics, Eastman Chemical Co, Celanese Corp Class A, Dow Inc, Tekni-Plex, Solvay SA, Hmc Polymers Company, Integer Holdings Corp, Trelleborg AB ADR, Avantor Inc, Trinseo PLC, Evonik Industries AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.5% of the global medical plastic market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 31,003.0 million by 2030.
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Medical Plastic Market Scope
Medical Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific medical 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 plastic market will help companies and investors design strategic landscapes.
Polyphenylsulfone (ppsu) was the largest segment with a revenue share of 49.91% in 2023. Horizon Databook has segmented the Asia Pacific medical plastic market based on polyethylene (pe), polypropylene (pp), polycarbonate (pc), liquid crystal polymer (lcp), polyphenylsulfone (ppsu), polyethersulfone (pes), polyethylenimine (pei), polymethyl methacrylate (pmma) covering the revenue growth of each sub-segment from 2018 to 2030.
Medical plastics market in the region is expected to witness substantial growth on account of the increasing usage of plastics in wound care, packaging, and mobility aid applications. Further, the demand for high-quality medical devices and components from hospitals in major economies, such as China, India, and Singapore, is increasing on account of the rising healthcare expenditure.
The presence of major economies with high healthcare costs and increasing expenditure of various governments on public & private healthcare systems are expected to positively impact the market growth.
Increasing private participation in the healthcare industry to improve healthcare services and infrastructure and offer high-quality treatment in countries such as China, Japan, India, Singapore, and Australia is expected to boost market growth.
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Our clientele includes a mix of medical plastic market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical plastic market size, by country, 2018-2030 (US$M)
Asia Pacific Medical Plastic Market Outlook Share, 2023 & 2030 (US$M)
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