Covid 19 Impact On Medical Plastics Market
PUBLISHED: 2020 ID: SMRC19659
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Covid 19 Impact On Medical Plastics Market

Covid-19 Impact On Medical Plastics - Global Market Outlook (2019-2027)

4.4 (77 reviews)
4.4 (77 reviews)
Published: 2020 ID: SMRC19659

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Covid-19 Impact on Medical Plastics Market is accounted for $20.76 billion in 2019 and is expected to reach $83.49 billion by 2027 growing at a CAGR of 19.0% during the forecast period. Rising awareness & concern about health & personal hygiene and increasing demand for medical plastics from the healthcare industry are the major factors propelling the growth of the market. However, maintaining supply chain & logistics and restricting counterfeit products are hampering the growth of the market.

Increased demand due to COVID-19 for medical plastics such as PP, PE, and PC, among others, from OEMs, medical disposables, and medical device/equipment manufacturers for construction of critical care systems and disposables such as ventilators, thermal scanners, respirators, gloves, masks, and so on is propelling the market. In some cases, there have even been intense price increases owing to the shortage of products. The rise in cost, in turn, casts doubt on the investments achieved by outsourcing production.

Based on the application, the medical disposables segment is going to have a lucrative growth during the forecast period owing to increased use of these medical products in procedural applications and general check-up. Besides, the use of these disposables as instructed by various agencies, such as USFDA and Europe EMA, are driving the demand for medical plastics globally. Increased demand for disposables such as gloves, masks, gowns, and other PPEs will impel the market during this pandemic.

By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the large medical device manufacturing base and increased requirement of PPEs in the region. Also, the region has immense growth potential driven by the increasing demand for a better healthcare system. Across these economies, local governments are reforming the system in fields such as IT integration, advanced materials, and others in the healthcare industry to augment the effectiveness and efficiency of medical devices and related healthcare services in this emergency period.

Some of the key players profiled in the Covid-19 Impact on Medical Plastics Market include Sumitomo Chemical, Dow, BASF, Celanese, DuPont, Arkema, Sinopec, Eastman, Covestro, Solvay, Formosa Plastic, Evonik, Kraton, SABIC, and Lubrizol.

Types Covered:
• Standard Plastics
• Engineering Plastics
• Polyether Ether Ketone (PEEK)
• Thermoplastic Elastomers (TPE)
• Thermoplastic Polyurethane (TPU)
• Polystyrene
• Silicone
• Polytetrafluoroethylene (PTFE)

Applications Covered:
• Medical Disposables
• Prosthetics
• Medical Instruments & Tools
• Drug Delivery
• Medical Trays
• Sterilization Trays
• Lab Wares
• Dental Tools
• Incubation & Autoclaves
• Catheters & Syringes
• Implants
• Breathing Masks
• Denture Base Material

Process Technologies Covered:
• Blow Molding
• Extrusion
• Compression Molding
• Injection Molding
• Rotational Molding

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.

Table of Contents

1 Executive Summary       
         
2 Preface        

 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
          
3 Market Trend Analysis      
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Application Analysis     
 3.7 Technology Analysis     
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
         
4 Porters Five Force Analysis      

 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Covid-19 Impact on Medical Plastics Market, By Type   
 5.1 Introduction      
 5.2 Standard Plastics      
  5.2.1 Polyvinyl Chloride (PVC)    
  5.2.2 Polypropylene (PP)     
  5.2.3 Polyethylene (PE)     
 5.3 Engineering Plastics      
  5.3.1 Polycarbonate (PC)     
  5.3.2 Polyamide (PA)     
  5.3.3 Polyethylene Terephthalate (PET)   
 5.4 Polyether Ether Ketone (PEEK)    
 5.5 Thermoplastic Elastomers (TPE)    
 5.6 Thermoplastic Polyurethane (TPU)    
 5.7 Polystyrene      
 5.8 Silicone       
 5.9 Polytetrafluoroethylene (PTFE)    
         
6 Global Covid-19 Impact on Medical Plastics Market, By Application  
 6.1 Introduction      
 6.2 Medical Disposables     
 6.3 Prosthetics      
 6.4 Medical Instruments & Tools     
 6.5 Drug Delivery      
 6.6 Medical Trays      
 6.7 Sterilization Trays      
 6.8 Lab Wares      
 6.9 Dental Tools      
 6.10 Incubation & Autoclaves     
 6.11 Catheters & Syringes     
 6.12 Implants       
 6.13 Breathing Masks       
 6.14 Denture Base Material     
         
7 Global Covid-19 Impact on Medical Plastics Market, By Process Technology 

 7.1 Introduction      
 7.2 Blow Molding      
 7.3 Extrusion       
 7.4 Compression Molding     
 7.5 Injection Molding       
 7.6 Rotational Molding      
         
8 Global Covid-19 Impact on Medical Plastics Market, By Geography  

 8.1 Introduction      
 8.2 North America      
  8.2.1 US      
  8.2.2 Canada      
  8.2.3 Mexico      
 8.3 Europe       
  8.3.1 Germany      
  8.3.2 UK      
  8.3.3 Italy      
  8.3.4 France      
  8.3.5 Spain      
  8.3.6 Rest of Europe     
 8.4 Asia Pacific      
  8.4.1 Japan      
  8.4.2 China      
  8.4.3 India      
  8.4.4 Australia      
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina     
  8.5.2 Brazil      
  8.5.3 Chile      
  8.5.4 Rest of South America    
 8.6 Middle East & Africa     
  8.6.1 Saudi Arabia     
  8.6.2 UAE      
  8.6.3 Qatar      
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa    
         
9 Key Developments       
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 9.2 Acquisitions & Mergers     
 9.3 New Product Launch     
 9.4 Expansions      
 9.5 Other Key Strategies     
         
10 Company Profiling       
 10.1 Sumitomo Chemical     
 10.2 Dow       
 10.3 BASF       
 10.4 Celanese       
 10.5 DuPont       
 10.6 Arkema       
 10.7 Sinopec       
 10.8 Eastman       
 10.9 Covestro       
 10.10 Solvay       
 10.11 Formosa Plastic      
 10.12 Evonik       
 10.13 Kraton       
 10.14 SABIC       
 10.15 Lubrizol       


List of Tables        
1 Global Covid-19 Impact on Medical Plastics Market Outlook, By Region (2018-2027) ($MN)
2 Global Covid-19 Impact on Medical Plastics Market Outlook, By Type (2018-2027) ($MN)
3 Global Covid-19 Impact on Medical Plastics Market Outlook, By Standard Plastics (2018-2027) ($MN)
4 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polyvinyl Chloride (PVC) (2018-2027) ($MN)
5 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polypropylene (PP) (2018-2027) ($MN)
6 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polyethylene (PE) (2018-2027) ($MN)
7 Global Covid-19 Impact on Medical Plastics Market Outlook, By Engineering Plastics (2018-2027) ($MN)
8 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polycarbonate (PC) (2018-2027) ($MN)
9 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polyamide (PA) (2018-2027) ($MN)
10 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polyethylene Terephthalate (PET) (2018-2027) ($MN)
11 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polyether Ether Ketone (PEEK) (2018-2027) ($MN)
12 Global Covid-19 Impact on Medical Plastics Market Outlook, By Thermoplastic Elastomers (TPE) (2018-2027) ($MN)
13 Global Covid-19 Impact on Medical Plastics Market Outlook, By Thermoplastic Polyurethane (TPU) (2018-2027) ($MN)
14 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polystyrene (2018-2027) ($MN)
15 Global Covid-19 Impact on Medical Plastics Market Outlook, By Silicone (2018-2027) ($MN)
16 Global Covid-19 Impact on Medical Plastics Market Outlook, By Polytetrafluoroethylene (PTFE) (2018-2027) ($MN)
17 Global Covid-19 Impact on Medical Plastics Market Outlook, By Application (2018-2027) ($MN)
18 Global Covid-19 Impact on Medical Plastics Market Outlook, By Medical Disposables (2018-2027) ($MN)
19 Global Covid-19 Impact on Medical Plastics Market Outlook, By Prosthetics (2018-2027) ($MN)
20 Global Covid-19 Impact on Medical Plastics Market Outlook, By Medical Instruments & Tools (2018-2027) ($MN)
21 Global Covid-19 Impact on Medical Plastics Market Outlook, By Drug Delivery (2018-2027) ($MN)
22 Global Covid-19 Impact on Medical Plastics Market Outlook, By Medical Trays (2018-2027) ($MN)
23 Global Covid-19 Impact on Medical Plastics Market Outlook, By Sterilization Trays (2018-2027) ($MN)
24 Global Covid-19 Impact on Medical Plastics Market Outlook, By Lab Wares (2018-2027) ($MN)
25 Global Covid-19 Impact on Medical Plastics Market Outlook, By Dental Tools (2018-2027) ($MN)
26 Global Covid-19 Impact on Medical Plastics Market Outlook, By Incubation & Autoclaves (2018-2027) ($MN)
27 Global Covid-19 Impact on Medical Plastics Market Outlook, By Catheters & Syringes (2018-2027) ($MN)
28 Global Covid-19 Impact on Medical Plastics Market Outlook, By Implants (2018-2027) ($MN)
29 Global Covid-19 Impact on Medical Plastics Market Outlook, By Breathing Masks (2018-2027) ($MN)
30 Global Covid-19 Impact on Medical Plastics Market Outlook, By Denture Base Material (2018-2027) ($MN)
31 Global Covid-19 Impact on Medical Plastics Market Outlook, By Process Technology (2018-2027) ($MN)
32 Global Covid-19 Impact on Medical Plastics Market Outlook, By Blow Molding (2018-2027) ($MN)
33 Global Covid-19 Impact on Medical Plastics Market Outlook, By Extrusion (2018-2027) ($MN)
34 Global Covid-19 Impact on Medical Plastics Market Outlook, By Compression Molding (2018-2027) ($MN)
35 Global Covid-19 Impact on Medical Plastics Market Outlook, By Injection Molding (2018-2027) ($MN)
36 Global Covid-19 Impact on Medical Plastics Market Outlook, By Rotational Molding (2018-2027) ($MN)
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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