Europe Medical Plastic Market Size & Outlook, 2023-2030
Europe medical plastic market, 2018-2030 (US$M)
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Europe medical plastic market highlights
- The Europe medical plastic market generated a revenue of USD 14,942.0 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 14,942.0 million |
| Market revenue in 2030 | USD 23,477.1 million |
| Growth rate | 6.7% (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, Europe region accounted for 28.3% 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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Europe 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 50.58% in 2023. Horizon Databook has segmented the Europe 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.
The increasing geriatric population and rising occurrence of chronic diseases are expected to boost the demand for medical devices. This is expected to drive the demand for plastics in equipment manufacturing over the forecast period.
Increasing government investment in the healthcare sector and the growing home healthcare market are anticipated to drive the demand for medical devices, which, in turn, is expected to have a positive influence on the medical plastics market over the forecast period.
Revision of the regulatory framework associated with the medical device industry is expected to increase medical devices' safety and performance standards. As a result, the demand for innovative, biocompatible, and recyclable plastics with superior quality is expected to grow over the forecast period.
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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 Europe medical plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe medical plastic market size, by country, 2018-2030 (US$M)
Europe Medical Plastic Market Outlook Share, 2023 & 2030 (US$M)
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