India Medical Plastic Market Size & Outlook, 2023-2030
India medical plastic market, 2018-2030 (US$M)
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India medical plastic market highlights
- The India medical plastic market generated a revenue of USD 1,435.7 million in 2023 and is expected to reach USD 2,567.7 million by 2030.
- The India market is expected to grow at a CAGR of 8.7% 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.
Medical plastic market data book summary
| Market revenue in 2023 | USD 1,435.7 million |
| Market revenue in 2030 | USD 2,567.7 million |
| Growth rate | 8.7% (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, India accounted for 2.7% 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 Asia Pacific, China medical 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 2,567.7 million by 2030.
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Medical Plastic Market Scope
Medical Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 55.51% in 2023. Horizon Databook has segmented the India 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 India is expected to witness high growth owing to the increased government efforts to improve public health conditions. In addition, increasing private participation in the healthcare industry is expected to fuel the demand for high-quality medical devices and components in the country.
India is one of the fastest-growing economies in the region with a substantial percentage of the population without access to safe and affordable medical assistance. As a result, major government rollouts to improve public health infrastructure are expected to positively impact the demand for medical plastics.
Moreover, the easy availability of raw materials at low prices is expected to drive the market. In addition, growing positive coronavirus cases in the country are significantly fueling the demand for medical plastics in medical components.
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Horizon Databook provides a detailed overview of country-level data and insights on the India medical plastic market , including forecasts for subscribers. This country databook contains high-level insights into India medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India medical plastic market size, by product, 2018-2030 (US$M)
India Medical Plastic Market Outlook Share, 2023 & 2030 (US$M)
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