Healthcare and Medical

Demand for disposables in U.S. medical plastic market surges owing to rising number of covid-19 cases

Yogesh TMR

Demand for disposables in U.S. medical plastic market surges owing to rising number of covid-19 cases

Research analysts at Transparency Market Research predict that the U.S. medical plastic market will grow at a stellar CAGR of 9% over the forecast period of 2020 to 2030. They also project that the U.S. medical plastic market will reach the evaluation of US$ 30 billion by the end of the forecast period i.e. 2030. Surging demand for disposable medical devices such as disposable intravenous (IV) tubes is anticipated to emerge as one of the leading drivers for the U.S. medical plastic market in 2020 to 2030. Low cost, high durability, breathability, biocompatibility, lower weights, chemical resistance, and sterilization capability of medical grade plastics are key factors favoring the development of the U.S. medical plastic market.

Polypropylene Segment in U.S. Medical Plastic Market to Expand Rapidly in the Near Future

Segments in the U.S. medical plastic market based by the type of product includes polyvinyl chloride, polypropylene, engineering plastics, biodegradable plastic, polylactic acid, polyethylene, polystyrene, silicone, and polycarbonates. Polyvinyl chloride segment dominated the U.S. medical plastic market in 2019. Excellent properties of polyvinyl chloride, such as lightweight, toughness, abrasion resistance, and excellent mechanical strength makes it a lucrative commodity in U.S. medical plastic market, especially for the production of disposable medical devices. Polypropylene (PP) segment is anticipated to expand at a high rate in the U.S. medical plastic market in coming years owing to high resistance of PP to acids, electrolytes, cracking, and organic solvents. Polypropylene is used to make vials, diagnostic devices, specimen bottles, intravenous bottles, and pill containers.

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The COVID-19 pandemic resulted in increased consumption of medical equipment and most prominently medical grade protective gear. Most of these products were made using the materials from U.S. medical plastic market. High demand for medical disposables such as gowns, shoe covers, gloves, respirators, masks, and medical bags was witnessed during the pandemic. This has favored the development of the U.S. medical plastic market in the past couple of years. Increasing cases of COVID-19 in the United States are also anticipated to create ample opportunities for the expansion of the U.S. medical plastic market in near future.

Products in the U.S. medical plastic market are used to manufacture a wide variety of medical products and equipment such as dental tools, drug delivery devices, medical bags, surgical tools, catheters and syringes, diagnostic instruments, and implants, among others. Products in the U.S. medical plastic market display superior flexibility during the fabrication processes and possess desirable qualities such as bio compatibility, low cost of manufacturing, and lightweight nature. These qualities make them excellent for usage in medical devices where traditionally metals were being utilized.

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Increasing Usage of 3D Printing Creates Opportunities in U.S. Medical Plastic Market

Increasing innovations in 3D printing technologies aimed at manufacturing of patient specific orthotic braces as well as prosthetic limbs are also anticipated to create new and lucrative opportunities in the U.S. medical plastic market in coming years. Rising penetration of medical 3D printing in production of personal protective equipment owing to rising number of COVID-19 cases around the country are expected fuel growth in the U.S. medical plastic market in near future. By combining products in the U.S. medical plastic market and 3D printing technologies, many specific products can be manufactured, such as knee, ankle, hips, spine, and skull implants and sterile instruments like hemostats, clamps, forceps, and scalpel handles.

Segments in the U.S. medical plastic market classified by processing technology include extrusion, blow molding, rotational molding, injection molding, and compression molding. Extrusion segment dominated the U.S. medical plastic market in 2019 owing to economically viable nature of the processing as opposed to others. Application areas for the products in the U.S. medical plastic market include disposables, surgical instruments, drug delivery devices, medical manikins, diagnostic instruments, prosthetics, and PVC coated mattress covers.

The U.S. medical plastic market is highly competitive, with large number of players dominating the commercial landscape. Key incumbent players operating within the U.S. medical plastic market include Exxon Mobil Corporation, Chemical Company, Arkema S.A., REPSOL S.A., Lotte Chemical Corporation, DuPont de Nemours, Inc., Eastman, Celanese Corporation, Trinseo S.A., Covestro AG, and Tekni-Plex, Inc.

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U.S. Medical Plastic Market: Research Scope

U.S. Medical Plastic Market, by Type

Polyvinyl Chloride
Polyethylene
Polypropylene
Polystyrene
Engineering Plastics
Silicone
Others (including Biodegradable Plastic, Polycarbonates, and Polylactic Acid)

U.S. Medical Plastic Market, by Processing Technology

Extrusion
Injection Molding
Blow Molding
Others (including Compression Molding and Rotational Molding)

U.S. Medical Plastic Market, by Application

Disposables
Diagnostic Instruments
Surgical Instruments
Prosthetics
Drug Delivery Devices
Others (including PVC Coated Mattress Covers and Medical Manikins)

Companies in the Medical Plastic market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

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Yogesh TMR

U.S. Plastics-To-Fuel Market Is Estimated To Witness High Growth Owing To Increasing Demand For Sustainable Fuels

Poonam 2023-12-14

plastics-to-fuel market involves conversion of plastic waste into gasoline, diesel, and other fuels through thermal and catalytic processes. Converting plastics into fuels provides a sustainable solution to plastic waste management and also helps address the growing energy demand. Stringent regulations regarding plastic waste recycling and disposal are further promoting adoption of plastics-to-fuel technology. For instance, the US Department of Energy provides financial assistance for research, development and demonstration of new plastic waste conversion technologies. Supportive regulations boost market growth.

U.S. Plastic-to-Fuel Market Growth Accelerated by Increased Demand for Plastic Waste Management

Niranjan Mardakar 2024-02-09

The technology offers an eco-friendly way to deal with plastic waste while also producing useful fuels. Many state governments and municipalities are investing heavily in commercial plastic-to-fuel plants to locally manage plastic waste in an environmentally sustainable way. Additionally, major oil companies such as ExxonMobil, Shell, and British Petroleum are partnering with plastic recycling technology providers to build large plastic-to-fuel conversion units. Such initiatives are helping drive the adoption of plastic-to-fuel conversion processes and accelerating market growth over the forecast period. Rising plastic waste levels and stringent environmental regulations are driving the demand for sustainable waste management solutions in the country.

Harnessing the Power of Recycling: The U.S. Plastic-to-Fuel Market during the Forecast Period 2023-2030

Pooja salve 2023-07-10

The United States, being a significant contributor to plastic waste, stands to benefit greatly from the adoption of plastic-to-fuel technology. The market presents opportunities for companies involved in waste management, renewable energy, and fuel production. By utilizing processes like pyrolysis and depolymerization, plastic waste can be transformed into fuel products, reducing the dependency on fossil fuels and promoting a circular economy. The advantages of plastic-to-fuel conversion include a reduction in landfill waste, decreased greenhouse gas emissions, and the potential to generate cleaner burning fuels. By embracing this innovative approach, the United States can contribute to a more circular economy and a cleaner, more sustainable future.

The U.S. Plastic-to-Fuel Market Is Estimated To Witness High Growth Owing To Increasing Environmental Concerns.

Sumedha 2024-01-25

Market Overview: The plastic-to-fuel market involves converting post-consumer plastic waste into petroleum-equivalent fuels through thermal and chemical processes. Weakness: - The plastic-to-fuel conversion technology is capital intensive requiring large investments which can be a hurdle for small players. - Compared to other sources of energy, plastic-to-fuel conversion is an emerging technology with relatively low process efficiency and higher costs of production. - Environmental groups oppose investment in plastic waste conversion technologies arguing it encourages single-use plastic production rather than pushing for reduction and reuse. 3% over the forecast period, due to increasing policy push for effective plastic waste management solutions.

U.S. Plastic to Fuel Market Is Estimated To Witness High Growth Owing To Rising Environmental Concerns and Government Initiatives

Ben Wood 2023-10-25

The increasing environmental concerns regarding plastic waste disposal and the need for sustainable energy sources are driving the growth of this market. are implementing strict regulations and promoting initiatives to reduce plastic waste, which further fuels the market growth. The conversion of plastic waste into fuel contributes to the circular economy by reducing waste and promoting resource efficiency. With advancements in technology, the conversion of plastic waste into fuel has become more efficient and cost-effective, attracting both government and private investments. These companies are at the forefront of developing and commercializing plastic to fuel technologies, playing a crucial role in driving the market growth.

U.S. Medical Foods Market Is Estimated To Witness High Growth Owing To Opportunity In Addressing Metabolic Disorders

Leena Shedmake 2024-02-01

These food products are intended for dietary management of metabolic and other specific disorders and injuries. The growing prevalence of various metabolic disorders such as diabetes, obesity, inherited metabolic disorders, etc. in the US creates a large patient base requiring specialized medical foods. Moreover, rising awareness about medical nutrition therapy and its benefits in clinical management also drives the demand for innovative medical foods formulations among healthcare professionals and patients. Threat of new substitutes: Low as medical foods address specific health conditions better than standard foods.

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