Medical plastics Market Estimated to Expand at a Robust CAGR by 2027

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Medical Plastics Market

• - Global Industry Analysis, Size, Share, Growth
  Trends  2019 - 2027

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Medical Plastics Market - Snapshot

• The medical industry world over has been
  benefitting from the wide range of devices,
  equipment, and implants made with high
  performance plastics.
• Sellers and manufacturers in the global medical
  plastics market are reaping revenue gains by
  leveraging the versatility, safety, and
  cost-effectiveness of medical-grade plastics in
  these applications.
• In addition, the freedom that medical grade
  plastics offer to fabricators has helped bolster
  their application, underpinning the evolution of
  the medical grade plastics market, notes
  Transparency Market Research (TMR).

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Application of 3D Printing Underpin Abundant
Opportunities for Manufacturers

• The environmentally friendliness of medical grade
  plastics along with their cost-effectiveness is
  one of the compelling propositions for the
  demands in the medical plastics market.
• Advent of 3D printing and their rising
  applications in polymer manufacturing have
  expanded the prospects in the medical plastics
  market. Among all medical devices, braces and
  prosthetics made with medical plastics are
  witnessing huge demands in the healthcare
  industries in various developing and developed
  nations.
• The application of 3D printing has also helped
  spur the use of medical plastics in making
  personalized implants, broadening the scope of
  therapeutics possible with plastic materials.
• A case in point is patient-specific prosthetic
  arms. Thus, the potential of medical plastics in
  making customized implants has catalyzed revenue
  generation in the medical plastics market market.

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Rising Use in Making in Disposable Medical
Devices Underscore Vast Potential

• One of the most prominent applications of medical
  plastics has been disposable medical devices,
  mainly due to the fact that plastics is
  cost-effective and light.
• Further, the medical plastics market is seeing
  new demands in the use of medical-grade plastic
  containers and boxes for disposing of surgical
  sharps and biohazards.

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Leading Players in Market

•  Exxon Mobil Corporation,
• BASF SE
• Dow DuPont
• Evonik Industries AG
• Arkema S.A.
• Celanese Corporation
• Covestro AG
• Solvay

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