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Medical Plastics Market to Grow at 7 7% CAGR to Hit USD 44,669 63 Million by 2027 - Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners

Medical Plastics Market: Key Insights According to our new research study on “ Medical Plastics Market to 2027 – Global Analysis and Forecast – by Type and Application,” the Medical Plastics Market Size was valued at US$ 24,671.82 million in 2019 and is projected to reach US$ 44,669.63 million by 2027; it is expected to grow at a CAGR of 7.7% from 2020 to 2027. The stringent government regulations related to plastics used in medical devices and other related products impede the market growth. Medical Plastics Market: Competition Landscape and Key Developments Celanese Corporation, Eastman Chemical Company, GW Plastics, Orthoplastics Ltd, Aran Biomedical Teoranta, Rochling, SABIC, Saint-Gobain Performance Plastics, SOLVAY, and DOW are key companies operating in the global medical plastics market. These major market players are focused on strategies such as partnerships, mergers and acquisitions, facility expansions, and research and development to expand their geographi

The Worldwide Plastic Injection Molding Machine Industry is Expected to Reach $10 6 Billion by 2025 at a CAGR of 3 61% from 2020

Share this article Share this article ResearchAndMarkets.com s offering. The global plastic injection molding machines market is estimated at USD 8.9 billion in 2020 and is projected to reach USD 10.6 billion by 2025, at a CAGR of 3.61%. Plastic molds are widely used in the healthcare industry. Plastic injection molding machines are preferred for manufacturing medical products, as these machines offer high precision, accurate, and complex injection molded parts. These machines have application in surgical and medical devices such as syringes, vials, medical instruments, inhalers, cannulated, medicinal connectors, air systems, and prescription bottles. The outbreak of coronavirus across the globe has highlighted the healthcare industry. Due to explosive surge in the number of Covid-19 cases, the demand for medical equipment like syringes, air systems, and other medical instruments increased exponentially. Countries such as India and China became the hub for manufacturing and meet

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