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What is the Future Scope of Medical Plastics Market amidst COVID-19?


The global Medical Plastics Market size during this pandemic is projected to grow from USD 25.1 billion in 2020 to USD 29.4 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period. 
Browse 25 market data Tables and 6 Figures spread through 57 Pages and in-depth TOC on "COVID-19 Impact On “Medical Plastics Market”.
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Europe is projected to register the highest CAGR between 2020 and 2021 owing to being epicentre and enhanced local production.
The medical plastics market in Europe has immense demand potential driven by the increasing requirement for ventilators, respirators, thermal scanners, and other patient care systems. Europe consists of some profoundly affected countries such as Italy, Spain, Germany, France, and others, which have a large demand for patient care systems. In addition, growth in the requirement of PPEs will also drive demand for medical plastics in the region.

Based on the application, the medical disposables segment is projected to register the highest CAGR during the forecast period in the medical plastics market

The use of medical plastics is increasing due to their versatility. Medical disposables can be defined as single-use products that are used in surgical as well as procedural applications. The use of these medical products in procedural applications and general check-up is increasing. Besides, the use of these disposables as instructed by various agencies, such as USFDA and Europe FDA, are propelling the demand for medical plastics globally. Increased demand for disposables such as gloves, masks, gowns, and other PPEs will drive the market during this pandemic.
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SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), and Covestro (Germany) are some of the leading market players in the global medical plastics market.

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