North America Medical Plastic Market Size & Outlook
North America medical plastic market, 2018-2030 (US$M)
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North America medical plastic market highlights
- The North America medical plastic market generated a revenue of USD 18,145.7 million in 2023.
- The market is expected to grow at a CAGR of 8% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 18,145.7 million |
| Market revenue in 2030 | USD 31,003.0 million |
| Growth rate | 8% (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, North America region accounted for 34.3% 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 |
|---|
North 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 56.79% in 2023. Horizon Databook has segmented the North 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.
North America was the largest medical plastics market in 2022, accounting for a share of 33.69% of the overall market in terms of volume. The increasing per capita healthcare spending in the form of health insurance in the U.S. has been one of the major trends impacting the growth market in North America.
This is expected to augment the demand for generic drugs as well as medical devices in the coming years, thereby driving North America medical plastics market over the forecast period. The key applications catered to by this industry include pharmaceutical packaging and medical components manufacturing.
Rising demand for medical plastics in pharmaceutical packaging applications and the rapid growth of the pharmaceutical industry in Mexico and Canada are expected to drive the medical plastics market in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America medical plastic market , including forecasts for subscribers. This continent databook contains high-level insights into North America medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America medical plastic market size, by country, 2018-2030 (US$M)
North America Medical Plastic Market Outlook Share, 2023 & 2030 (US$M)
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