North America Medical Plastics Extrusion Market Size By End User (Hospitals & Diagnostic Centers, Pharmaceutical and Biotechnology Companies), By Product (Polyvinyl chloride (PVC), Polypropylene (PP), Polyethylene (PE)), By Type (Medical Tubing, Splittable Tubing, Etched liners), By Geographic Scope And Forecast

North America Medical Plastics Extrusion Market Size And Forecast

North America Medical Plastics Extrusion Market size was valued at USD 5823.9 Million in 2021 and is projected to reach USD 8556.8 Million by 2030, growing at a CAGR of 4.57% from 2023 to 2030.

The increasing geriatric population along with surging healthcare issues in the countries such as the USA, Canada, and Mexico are likely to drive demand for medical devices. This in turn is surging the demand for the medical plastics extrusion market in the region. The North America report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is North America Medical Plastics Extrusion?

Medical plastic extrusion can be explained as a high-volume manufacturing process that involves melting raw plastic and forming it into a continuous profile using pellets, granules, and flakes powders with several additives such as colorants in either liquid or pellet form.Plastic extrusion primarily involves the process where granular pieces of plastics go through different components of the extruder such as hopper, feed throat, Breaker Plate, Barrel, Feed Pipe, and others to end up in a continuous profile with the help of heat and pressure. Medical plastic extrusion is considered one of the most efficient ways of changing the properties of raw plastic by combining additives, thus it transforms plastics from solid to liquid and back again without losing their properties.

North America Medical Plastics Extrusion Market Overview

The increasing geriatric population along with surging healthcare issues in the countries such as the USA, Canada, and Mexico are likely to drive demand for medical devices. This in turn is surging the demand for the medical plastics extrusion market in the region. Notably, the United States is observing a significant rise in the aging population and a long track record of chronic disease. According to the US Census Bureau, the number of Americans ages 65 and older is likely to double over the next 40 years, reaching about 80 million in 2040. Moreover, this rising geriatric population will often need help with basic personal care which is expected to nearly quadruple between 2000 and 2040.

In previous years, hospital-acquired infections had been a matter of great concern for North American countries. Notably, the CDC released two reports that placed a sounding alarm on healthcare-associated infections which are the result of unhygienic practices at medical facilities, including ambulatory surgical centers, nursing homes, hospice centers, and rehabilitation centers. In addition to this, some infections become prevalent as a result of overusing common antibiotics in medical facilities to the point where they are no longer effective.

North America Medical Plastics Extrusion MarketSegmentation Analysis

The North America Medical Plastics Extrusion Market is segmented on the basis of Type, End User, Product, and Country.

North America Medical Plastics Extrusion Market, By End User

• Hospitals & Diagnostic Centers• Pharmaceutical and Biotechnology Companies• Academic and Research Institutes• Others

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Based on End User, the market is bifurcated into Hospitals & Diagnostic Centers, Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, and Others. The hospitals and diagnostic center are the desired facilities are available for attending patients through doctors, specialized doctors, and nurses in their respective fields required for a thorough diagnostic check-up of diseases of their fields viz. Medical Diagnostic Centre is an establishment that determines the nature and circumstances of a disease condition through scientific examinations.

North America Medical Plastics Extrusion Market, By Product

• Polyvinyl chloride (PVC)• Polypropylene (PP)• Polyethylene (PE)• Others

On the basis of Product, the North America Medical Plastics Extrusion Market has been segmented into Polyvinyl chloride (PVC), Polypropylene (PP), Polyethylene (PE), and Others. Polyvinyl chloride (PVC) accounted for the largest market share in 2020. PVC is the most widely used plastic in the medical industry. Recently, PVC has shown its value in the fight against COVID-19, both with traditional and innovative solutions in the medical devices sector. PVC is a very flexible material to work with and therefore is brilliant for use in multiple applications.

North America Medical Plastics Extrusion Market, By Type

• Medical Tubing• Splittable Tubing• Etched liners• Radiopaque Fillers• Others

On the basis of Type, the North America Medical Plastics Extrusion Market has been segmented into Medical Tubing, Splittable Tubing, Etched liners, Radiopaque Fillers, and Others. Medical Tubing accounted for the largest market share in 2020. A splittable tube is mainly used in medical applications as a cannula for insertion into the body, compromising an inner and an outer layer. The inner layer of the splittable tube defines a central lumen for accepting catheters and probes. The inner layer also incorporates a longitudinal slot through its wall for defining a stress line in the outer layer.

North America Medical Plastics Extrusion Market, By Country

• US• Canada• Mexico

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On the basis of regional analysis, the North America Medical Plastics Extrusion Market is classified into US, Canada, and Mexico. US accounted for the largest market share of Medical Plastics Extrusion in the forecast period followed by Europe. The US is dominating the North America region followed by Canada and Mexico. In the U.S, the maker movement is strong and very active.

Key Players

The major players in the market are Pexco, Biomerics Putnam Plastics Corporation, Lubrizol Corporation, PBS Plastics, Apollo Medical Extrusion, Freudenberg Medical, Absolute Custom Extrusions, Teel Plastics, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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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 from 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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