Latin America Medical Plastic Market Size & Outlook
Latin America medical plastic market, 2018-2030 (US$M)
Related Markets
Latin America medical plastic market highlights
- The Latin America medical plastic market generated a revenue of USD 3,131.6 million in 2023.
- The market is expected to grow at a CAGR of 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,131.6 million |
| Market revenue in 2030 | USD 5,026.3 million |
| Growth rate | 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, Latin America region accounted for 5.9% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Plastic Market Scope
Medical Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 48.11% in 2023. Horizon Databook has segmented the Latin America 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 healthcare industry in Central & South America has witnessed slow growth over the past few years due to the slowdown in healthcare spending in key countries such as Brazil and Colombia.
Political instability, declining consumer confidence, and monetary tightening have had adverse impacts on the Brazilian economy, affecting the country's healthcare sector. As a result, the Central & South American medical plastics market is expected to witness moderate growth over the forecast period.
Across the Central & South American region, healthcare spending is expected to rise gradually during the upcoming years. The governments are undertaking several regional initiatives to improve public healthcare systems amid budget constraints.
Reasons to subscribe to Latin America medical plastic market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America medical plastic market databook
-
Our clientele includes a mix of medical plastic market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America medical plastic market size, by country, 2018-2030 (US$M)
Latin America Medical Plastic Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
