Global Medical Plastics Extrusion Market Size By Type (Medical Tubing), By Application (Hospital, Clinic), By Geographic Scope And Forecast

Medical Plastics Extrusion Market Size And Forecast

Medical Plastics Extrusion Market size was valued at USD 0.903 Billion in 2024 and is projected to reach USD 1.224 Billion by 2031, growing at a CAGR of 4.27% from 2024 to 2031.

Augmented introduction to healthcare services for the customers is fostering the growth of the market across the globe. The rapid rise in investment in the healthcare sector and high demand for extruded plastic products in the medical sector is also expected to propel the growth of the target market. The Global Medical Plastics Extrusion Market has witnessed strong growth owing to the improvement in the medical plastic extrusion technology and the increase in the new market players. The rise in investment in the healthcare sector and the high demand for extruded plastics have also added fuel to the market growth.

Global Medical Plastics Extrusion Market Definition

Plastics are a type of polymer that can be molded into any shape. Thermoplastic compounds are commonly used in medical plastics. Thermoplastics may be easily molded once they have been heated. Medical-grade polymers are resistant to heat and chemicals. Polycarbonate, polypropylene, and polyethylene are some of the most often used medical plastics. It is suitable for the production of medical devices and equipment such as medical and surgical tubing. Plastics change state from solid to liquid and back again during extrusion without losing their unique properties. Plastics of various shapes and sizes are extruded through the extrusion process, in which they are effectively forced through a machine to impart their shape and form.

The medical element that is extruded with the help of an extruding machine, which is primarily medical tubing, is known as medical plastics extrusion. Extrusion is used in the medical device industry to make catheters, IV and drainage tubing, needle and syringe caps, and a variety of other components and devices that require a profiled tube or shaft.

Extrusion of medical plastic tubing or components may connect the qualities of advanced materials to give specialized performance characteristics, and can generate multi-lumen tubing or complex profiles to match a variety of applications. Polyvinyl chloride (PVC), polyurethanes, nylon co-polymers, polycarbonate, polyether ether ketone (PEEK), and silicone are among the materials used in medical plastics extrusion. To obtain a wide range of structural and pre-coloring qualities, the procedure requires adding a variety of additives, fillers, and reinforcements to the basic resin. These are biocompatible and lightweight.

Global Medical Plastics Extrusion Market Overview

The Global Medical Plastics Extrusion Market is mainly driven by the notable improvement in the medical plastic extrusion technology and the increase in the new local as well as potential market players. Augmented introduction to healthcare services for the customers is also fostering the growth of the market across the globe. The rapid rise in investment in the healthcare sector and high demand for extruded plastic products in the medical sector is also expected to propel the growth of the target market. Moreover, increasing government initiatives to increase the use of technology in the manufacture of medical plastic extrusion is expected to boost the growth of the market.

Manufacturers of medical devices choose different types of plastics based on cost-effectiveness, raw material availability, and applicability. Conventional plastics such as PVC, PP, and PE account for a notable share of the medical industry. Technological developments in the production of plastic with aspired properties such as high absorbency and microbial protection are reducing cross-contamination in hospitals. This is also anticipated to drive the manufacture of new and advanced medical plastic extrusion products soon.

Despite having numerous advantages of medical plastic extrusion, some factors restrain the growth of the Global Medical Plastics Extrusion Market. The huge initial cost of equipment is one of the major factors hampering the growth of the medical plastic extrusion industry. Also, there are several plastic processing methods such as injection molding, which pose a challenge to the growth of the Medical Plastics Extrusion Market. Nevertheless, rapid technological advancements and design advancements are expected to create new opportunities for the growth of the Global Medical Plastics Extrusion Market over the forecast period.

Global Medical Plastics Extrusion Market Segmentation Analysis

The Global Medical Plastics Extrusion Market is segmented on the basis of Type, Application, And Geography.

Medical Plastics Extrusion Market, By Type

• Medical Tubing• Other

Based on Type, The market is bifurcated into Medical Tubing and Other. Medical tubing is projected to rise the most during the forecasted period due to the increased use of catheters, rising demand for intravenous medication, and its flexibility.

Medical Plastics Extrusion Market, By Application

• Hospital• Clinic• Other

Based on Application, The market is bifurcated into Hospital, Clinic, and Other. Hospitals are projected to increase the most during the forecasted period owing to the best quality service, rising demand for needle & syringe caps, ease to clean, and increasing use of extruded plastics.

Medical Plastics Extrusion Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, The Global Medical Plastics Extrusion Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Global Medical Plastics Extrusion Market in the Asia Pacific region is expected to increase the most compared to other regions during the projected period due to growing healthcare infrastructure, increase spending on healthcare, changing lifestyle of people, good manufacturing facilities, and rising government initiatives.

Key Players

The “Global Medical Plastics Extrusion Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Vesta, Vention Medical, Putnam Plastics, Pexco, Raumedic, Fluortek, VistaMed, Teel Plastics, Biomerics, and A.P. Extrusion.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In Feb 2020, Junkosha demonstrated innovative 251 Peelable Heat Shrink Tubing (PHST) at MD&M West. It has been made to offer catheter manufacturers the most significant shrink ratio.

• In Feb 2019, Reifenhhauser group acquired Plamex Maschinenbau to strengthen the medical plastic industry.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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