The North American medical plastics market is anticipated to grow significantly at a CAGR of 6.1% over the forecast period (2021-2027). The US and Canada are among the major economies contributing to the growth of the North American medical plastics market over the forecast period. The key aspect that drives the growth of the North American medical plastics industry includes the well-established healthcare industry in the region. Besides, the presence of the major players operating in the market is also a major driving factor for the market growth over the forecast period. BASF SE, Celanese Corp., Dow DuPont Inc., Eastman Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Royal DSM NV, SABIC, Saint-Gobain S.A, Solvay SA, and Trinseo S.A and among others are some of the players contributing to the market growth in the region.
Browse the full report description of "North America Medical Plastics Market Size, Share & Trends Analysis Report by Plastic Type (Traditional Plastics, Engineered Plastics), and by Application (Disposables, Diagnostic Instruments, Catheters and Syringes, Implants, Dental Tools, Surgical Instruments, Medical Bags, Drug Delivery Devices, and Others) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/north-america-medical-plastics-market
For instance, in March 2021, Lincotek Medical announced to continue the US expansion of its Bartlett plant in the greater Memphis area, for providing the facilities and aid the OEMs meet the rising demand for orthopedic implants globally through new technologies, automation, and workforce training. Further, in March 2021, Cardinal Health has signed a definitive agreement to sell its Cordis business to Hellman & Friedman (H&F) LLC for approximately $1 billion. This strategy adopted by the company is likely to more focus on the development of novel medical devices. Hence, such activities done by the healthcare companies are likely to create scope for the medical device market in the region.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
North America Medical Plastics Market – Segmentation
By Plastic Type
o Polyvinylchloride (PVC)
o Polyethylene (PE)
o Polystyrene (PS)
o Polypropylene (PP)
o Silicone
o Nylon
o Polycarbonate (PC)
o Polyoxymethylene (POM)
o Acrylonitrile butadiene styrene (ABS)
o Polymethylmethacrylate (PMMA)
o Polyphenylene Oxide (PPO)
o Others (Polyetheretherketone (PEEK))
By Applications
North America Medical Plastics Market – Countries Covered
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/north-america-medical-plastics-market