Press release
Low Cost of Medical Devices Made of Molded Plastics Propels Industry Growth
The medical injection-molded plastics industry has garnered $23,014.7 million revenue in 2021, and it is projected to capture $37,899.5 million revenue in 2030, rising at a rate of 5.7% from 2021 to 2030. It is led by rising plastic consumption in numerous healthcare applications, including implant packaging, mobility aids, and medical devices.
In addition, increasing R&D expenditure, and technological advancements in the healthcare sector boost the requirement for medical-grade injection-molded polymers.
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Medical components capture the major industry revenue share, accounting for 25%, and it is projected to retain its dominance in the coming years. It is led by massive high-grade plastics usage in medical equipment manufacturing, such as catheters, syringes, containers, and medical bags.
North America captures the largest revenue share, accounting for 40%, and it is projected to follow the same trend in the coming years. It is led by increasing per capita income, improved healthcare infrastructure, increasing healthcare costs, and a rising aging population.
The U.S. captures a substantial regional medical injection-molded plastics industry share, led by technological innovations, increasing implantable devices demand, government initiatives, rising health awareness, and health insurance policies.
APAC is projected to experience the fastest growth in the coming years, advancing at a rate of over 6%. It is led by rising injection-molded plastics applications in the manufacturing of implants, medical components, and mobility aids.
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In addition, the rising awareness of consumers on low-cost medical devices made from molded plastics, and surging focus on research & development of medical devices, increasing adoption of cutting-edge technologies in the healthcare sector fuels the industry growth.
Moreover, the increasing expenditure for healthcare infrastructure development, more specifically in developing countries, such as India, China, and South Korea propels the industry.
Therefore, the affordability of medical devices made from molded plastics boosts their demand in emerging economies.
Browse more reports:
Polyethylene Glycol Market - https://www.psmarketresearch.com/press-release/peg-market
Polypropylene Market - https://www.psmarketresearch.com/press-release/polypropylene-market
Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://chemicalmaterialsnews.blogspot.com
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
In addition, increasing R&D expenditure, and technological advancements in the healthcare sector boost the requirement for medical-grade injection-molded polymers.
Get the sample pages of this report: https://bit.ly/3GaNS9o
Medical components capture the major industry revenue share, accounting for 25%, and it is projected to retain its dominance in the coming years. It is led by massive high-grade plastics usage in medical equipment manufacturing, such as catheters, syringes, containers, and medical bags.
North America captures the largest revenue share, accounting for 40%, and it is projected to follow the same trend in the coming years. It is led by increasing per capita income, improved healthcare infrastructure, increasing healthcare costs, and a rising aging population.
The U.S. captures a substantial regional medical injection-molded plastics industry share, led by technological innovations, increasing implantable devices demand, government initiatives, rising health awareness, and health insurance policies.
APAC is projected to experience the fastest growth in the coming years, advancing at a rate of over 6%. It is led by rising injection-molded plastics applications in the manufacturing of implants, medical components, and mobility aids.
Make inquiry before purchase of this report: https://bit.ly/3Cgdd0I
In addition, the rising awareness of consumers on low-cost medical devices made from molded plastics, and surging focus on research & development of medical devices, increasing adoption of cutting-edge technologies in the healthcare sector fuels the industry growth.
Moreover, the increasing expenditure for healthcare infrastructure development, more specifically in developing countries, such as India, China, and South Korea propels the industry.
Therefore, the affordability of medical devices made from molded plastics boosts their demand in emerging economies.
Browse more reports:
Polyethylene Glycol Market - https://www.psmarketresearch.com/press-release/peg-market
Polypropylene Market - https://www.psmarketresearch.com/press-release/polypropylene-market
Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://chemicalmaterialsnews.blogspot.com
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
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