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 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
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
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?
So, medical plastic extrusion? Think of it like a giant Play-Doh machine, but for super important stuff! It's a way to make tons of plastic parts by melting raw plastic – we're talking pellets, granules, even flakes – and squishing it out into a continuous shape. We throw in goodies like colorants, either as liquids or more pellets, to get the color just right. The process involves granular plastic bits going through a bunch of parts in the extruder, like the hopper, feed throat, Breaker Plate, barrel, and feed pipe. Heat and pressure work together to turn those bits into a smooth, continuous profile. It's a pretty neat trick, actually. We can even change the plastic's properties by adding stuff, and the plastic can go from solid to liquid and back to solid without losing what makes it special. Pretty cool, huh?
North America Medical Plastics Extrusion Market Overview
We're seeing more and more older folks these days, especially in countries like the USA, Canada, and Mexico, and that means more healthcare needs. This is really fueling the demand for medical devices, which in turn is pushing the medical plastics extrusion market in the region. Think about itthe United States is seeing a huge jump in its aging population and already has a lot of chronic disease cases. The US Census Bureau says the number of Americans 65 and up could double in the next 40 years, hitting around 80 million by 2040. What's more, a lot of these older adults will need help with basic personal care, something that's expected to almost 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
To Get Summarized Market Report By End User-
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
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
To Get Summarized Market Report By Country-
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.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Pexco, Biomerics Putnam Plastics Corporation, Lubrizol Corporation, PBS Plastics, Apollo Medical Extrusion, Teel Plastics, and Others.
SEGMENTS COVERED
Type, End User, Product, and Geography.
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We take a good look at the market using both numbers and, well, everything else! We break things down into segments based on money stuff and things that aren't just about the economy. You'll get market value data (in USD Billion) for every single piece of those segments. We'll point out which region and segment we think will grow the fastest and be the biggest. Plus, we dig into each region, looking at how much of the product/service they use and what's influencing the market there. Speaking of competition, we'll show you how the major players rank, along with what new stuff they've launched, who they've partnered with, and any expansions or acquisitions in the last five years. You'll also get detailed company profiles including overviews, insights, how their products stack up, and a SWOT analysis. We'll give you our take on where the market is now and where it's heading, considering recent happenings, opportunities, what's driving growth, and what's holding things back in both new and established regions. We'll even dive deep with Porter's five forces analysis. Finally, we'll offer insight into the market through the Value Chain, explore market dynamics, and identify growth opportunities down the road – all backed by 6-months of post-sales analyst support.
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