Mexico Medical Plastic Market Size & Outlook, 2023-2030
Mexico medical plastic market, 2018-2030 (US$M)
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Mexico medical plastic market highlights
- The Mexico medical plastic market generated a revenue of USD 714.0 million in 2023 and is expected to reach USD 1,180.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.5% 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 714.0 million |
| Market revenue in 2030 | USD 1,180.7 million |
| Growth rate | 7.5% (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, Mexico accounted for 1.4% 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 North America, U.S. medical plastic market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 26,453.7 million by 2030.
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Medical Plastic Market Scope
Medical Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 22.63% in 2023. Horizon Databook has segmented the Mexico 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 high cost of healthcare in the U.S. has prompted several people to opt for Mexico to get medical treatment. Mexico offers high-cost treatments such as total knee replacements, cardiac surgeries, and other orthopedic surgeries at a cheaper rate compared to the U.S.
The growing medical tourism industry in Mexico is expected to drive the medical plastics market in the country over the forecast period. With the massive growth in demand for medical components in Mexico driven by rising cardiovascular diseases, metabolic disorders, and respiratory diseases, the demand for medical plastics is expected to augment at a significant rate 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 country-level data and insights on the Mexico medical plastic market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical plastic market size, by product, 2018-2030 (US$M)
Mexico Medical Plastic Market Outlook Share, 2023 & 2030 (US$M)
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