Saudi Arabia Medical Plastic Market Size & Outlook
Saudi Arabia medical plastic market, 2018-2030 (US$M)
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Saudi Arabia medical plastic market highlights
- The Saudi Arabia medical plastic market generated a revenue of USD 306.4 million in 2023 and is expected to reach USD 427.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.9% 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 306.4 million |
| Market revenue in 2030 | USD 427.2 million |
| Growth rate | 4.9% (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, Saudi Arabia accounted for 0.6% 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 Middle East & Africa, Saudi Arabia medical plastic market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 427.2 million by 2030.
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Medical Plastic Market Scope
Medical Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 34.2% in 2023. Horizon Databook has segmented the Saudi Arabia 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 government of Saudi Arabia is carrying out agreements with major healthcare sector players to boost the healthcare sector in the country. In January 2022, the Saudi Ministry of Investment signed a contract with GlaxoSmithKline plc, a company based in the pharmaceutical and healthcare sector.
The government plans to localize manufacturing and transfer knowledge and technology to transform Saudi Arabia into a regional hub for research in the medical self-care industry.
Lifera is a contract development and manufacturing organization (CDMO) that collaborates with local pharmaceutical manufacturers to develop plasma therapeutics, vaccines, insulins, and cell and gene therapies.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia medical plastic market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medical plastic market size, by product, 2018-2030 (US$M)
Saudi Arabia Medical Plastic Market Outlook Share, 2023 & 2030 (US$M)
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