The North America Medical Plastics Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 3,738.6 Kilo Tonnes, showcasing a growth of 3.0% (2019-2022).
Medical plastics are polymers whose distinctive properties and characteristics enable their use in various medical applications. These plastics have been specifically engineered to fulfill the rigorous criteria of the healthcare sector, encompassing qualities such as longevity, biocompatibility, and sterilizability. They play a crucial role in modern healthcare, enabling the development of advanced medical devices, equipment, and packaging that help improve patient outcomes and enhance the quality of care.
One of the key advantages of medical plastics is their biocompatibility, which means they are compatible with living tissue and do not induce an immune response when implanted or used in contact with the body. This makes them ideal for medical implants, such as orthopedic implants, cardiovascular devices, and dental implants, where long-term compatibility with the body is essential.
The increasing incidence of chronic illnesses in North America constitutes a substantial healthcare obstacle that propels the need for medical apparatus and devices, including those constructed from medical plastics. In the United States, nearly 60 million women (44%) have heart disease, according to the Centers for Disease Control and Prevention. Therefore, the rising prevalence of chronic diseases and the increasing aging population will present lucrative growth opportunities for the market in the coming years.
The US market dominated the North America Medical Plastics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $17,480.9 million by 2030. The Canada market is experiencing a CAGR of 9.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2023 - 2030).
Free Valuable Insights: The Medical Plastics Market is Predict to reach USD 84.4 Billion by 2030, at a CAGR of 7.1%
Based on Application, the market is segmented into Medical Components, Medical Device Packaging, Orthopedic Soft Goods, Wound Care, Cleanroom Supplies, BioPharma Devices, Mobility Aids, Sterilization & Infection Prevention, Tooth Implants, Denture Base Material and Others. Based on Process Technology, the market is segmented into Injection Molding, Extrusion, and Blow Molding & Others. Based on Product, the market is segmented into Polyphenylsulfone (PPSU), Polypropylene (PP), Polycarbonate (PC), Liquid Crystal Polymer (LCP), Polyethersulfone (PES), Polymethyl Methacrylate (PMMA), Polyethylenimine (PEI), Polyethylene (PE), and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Process Technology (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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