India Medical Plastics Market Size, Share & Trends Analysis Report By Product (Rigid Plastics, Soft Plastics), By Application (Medical & Monitoring Equipment Housings, Wearables, Ventilators), And Segment Forecasts, 2025 - 2030

India Medical Plastics Market Size & Trends

The India medical plastics market size was valued at USD 14.99 billion in 2024 and is projected to grow at a CAGR of 17.4% from 2025 to 2030.  This growth is driven by the rising healthcare expenditure as the government and private sector invest heavily in healthcare infrastructure and services. This increased spending boosts the demand for medical devices and equipment, which drives the need for medical plastics. Additionally, changing demographics and an increasing focus on healthcare are driving the market. With a large and aging population, there is a higher demand for medical care and related products. The rise in healthcare tourism, where patients from abroad seek cost-effective treatment in India, also contributes to the market for medical plastics.

The Indian government has launched several initiatives to promote domestic manufacturing of medical devices, significantly supporting market growth. A notable example is the Production Linked Incentive (PLI) Scheme, which offers financial incentives of up to 5% on incremental sales of domestically manufactured medical devices, targeting various segments such as cancer care devices, radiology, imaging devices, and implants.

Another key initiative is the Promotion of Medical Device Parks Scheme, which aims to develop common infrastructure facilities to reduce production costs and foster collaboration among companies. This scheme provides financial assistance for creating medical device parks, with increased support for projects in northeastern and hilly states. Together with the broader Make in India and Atmanirbhar Bharat Abhiyaan programs, these initiatives have created a robust ecosystem for domestic manufacturing, positioning India as a global hub for medical devices.

Product Insights

The rigid plastics segment accounted for 70.9% of revenue in 2024 due to their excellent mechanical properties, chemical resistance, and biocompatibility, which make them ideal for various medical applications. These plastics are extensively used to produce medical devices such as surgical tools, electronic housings, ventilators, oxygen masks, and drug delivery systems. The increasing need for advanced medical equipment and the growing healthcare infrastructure in India drives the demand for these products.

The soft plastics segment is expected to grow at a CAGR of 18.4% from 2025 to 2030. Soft plastics, including polyethylene and polypropylene, are widely used in medical disposables such as syringes, catheters, and pharmaceutical packaging. The growth in this segment is fueled by the rising demand for disposable medical products, driven by the increasing focus on hygiene and infection control in healthcare settings. Additionally, the expansion of home healthcare and the need for cost-effective medical solutions contribute to the rising demand for soft plastics.

Application Insights

The medical & monitoring equipment housings segment dominated the Indian medical plastics market in 2024 due to the increasing demand for durable and lightweight materials that can adequately protect sensitive medical devices. As the healthcare infrastructure in India continues to expand, the need for robust and reliable medical devices has surged, propelling the demand for high-quality medical plastics. The segment's growth is further supported by the trend toward automation and digitization in healthcare, which necessitates advanced equipment that requires sophisticated plastic housings.

The wearables segment is projected to grow at the fastest over the forecast period. This surge can be linked to the rising consumer interest in health and wellness, alongside a growing emphasis on preventive healthcare. The integration of IoT (Internet of Things) technology in wearables is also driving the demand for advanced plastics, as these devices require robust yet lightweight casings to house sophisticated sensors and communication technologies. With a growing focus on remote patient monitoring and personalized healthcare solutions, the wearables segment is poised for rapid growth.

Key India Medical Plastics Company Insights

Some of the key companies in the medical plastics market include Covestro AG, SABIC, Celanese Corporation, Avient Corporation, ATV Projects India Pvt. Ltd., and others.

• Covestro AG is a prominent player in the India medical plastics market, known for its innovative biocompatible materials used in drug delivery systems, medical monitoring equipment housings, and wearable devices. Its polycarbonate and thermoplastic polyurethane (TPU) products are widely used to produce IV connectors, portable devices, and smart skin patches.

• SABIC is a prominent supplier of high-performance plastics in the India medical plastics market. Its engineering plastics, such as polyether ether ketone (PEEK) and polyphenylene sulfide (PPS), are essential for manufacturing medical devices such as catheters, surgical instruments, and drug delivery systems.

Recent Developments

• In June 2023, Husky Technologies successfully deployed its inaugural integrated injection molding system tailored to produce blood collection tubes (BCTs) at CML Biotech Limited, a prominent manufacturer of BCTs in India.

• In April 2023, Berry Global inaugurated its second healthcare manufacturing facility and Global Centre of Excellence in Bangalore, India. This expansion enhances the company's capacity to assist healthcare organizations by combining localized knowledge with global competencies, facilitating the development of advanced healthcare solutions.

India Medical Plastics Market Report Scope

India Medical Plastics Market Report Segmentation

This report forecasts revenue growth and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the India medical plastics market report based on product, and application: 

• Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

  • Rigid Plastics

    • ABS

    • PC/ABS Blend

    • PC Blends

    • Polycarbonate

    • Polystryene

  • Soft Plastics

    • Thermoplastic Elastomer (TPE)

    • Thermoplastic Polyurethane (TPU)

    • Thermoplastic Polyolefin (TPO)

• Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

  • Medical & Monitoring Equipment Housings

  • Drug Delivery Devices

  • Surgical Tools/Devices

  • Oxygen Mask

  • IV System, Cannula & Stop Cock

  • Wearables

  • Ventilators

  • Oxygentaed Caps

  • Water Trap Gaskets

  • Test Tube Cap

  • Nasal Dilator

  • Others