Germany Medical Plastic Market Size & Outlook, 2023-2030
Germany medical plastic market, 2018-2030 (US$M)
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Germany medical plastic market highlights
- The Germany medical plastic market generated a revenue of USD 2,971.4 million in 2023 and is expected to reach USD 4,970.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.6% 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.
Medical plastic market data book summary
| Market revenue in 2023 | USD 2,971.4 million |
| Market revenue in 2030 | USD 4,970.4 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Polyphenylsulfone (ppsu) |
| Fastest growing segment | Polypropylene (PP) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 5.6% of the global medical plastic market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany medical 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 4,970.4 million by 2030.
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Medical Plastic Market Scope
Medical Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 56.7% in 2023. Horizon Databook has segmented the Germany 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.
Germany is one of the top business locations for medical technology globally. Manufacturers in the country invest significantly in R&D and product innovation. The adoption of new technology to offer superior quality and high-performance plastics for manufacturing durable and safe medical devices is expected to boost market growth by 2030.
The growing geriatric population is the key market driver for the German medical plastics market. Decreased fertility rates and high life expectancy are likely to boost the demand for medical devices in the region.
The elderly population is more prone to chronic diseases and thus, requires constant medication. This is expected to drive the demand for medical bags, disposables, catheters, medical containers, and testing equipment, driving the medical plastics market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany medical plastic market , including forecasts for subscribers. This country databook contains high-level insights into Germany medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany medical plastic market size, by product, 2018-2030 (US$M)
Germany Medical Plastic Market Outlook Share, 2023 & 2030 (US$M)
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