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Global medical plastics market revenue in 2025 is expected to reach $ 336 billion

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2017-07-04
According to the US market research firm Grand View Research released the latest report shows that by 2025, the global medical plastics market is expected to reach 336 billion US dollars. The rising middle-class market in the middle class is not only a high-quality health care but also a growing trend to support disposable medical plastics compared to Western markets, and the one-off of the polymer is driving this growth. It is reported that global population growth drives the rapid development of the medical device industry, in developing countries, economic consumers access to medical services increased opportunities, and the process of metal parts are constantly replaced. In addition, advanced materials strength and performance of the continuous improvement, which will promote the development of the market.

From 2017 to 2025, plastic demand in medical products such as syringes, surgical instrument parts, gloves and catheters earned a combined annual growth rate of 6.9%. According to reports, the Asia-Pacific region's consumption of health care spending growth mainly from the Asia-Pacific region, accounting for about 24.5% of global income, coupled with high levels of medical tourism in China and India. Challenges facing the industry (some of which may be seen as opportunities) include heavy regulatory requirements. This is due to perceived health risks and oil price fluctuations, used in medical applications to replace the pressure of PVC.

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