The Europe Medical Plastic Market Report size is expected to reach USD 2.21 billion in 2030 and is projected to expand at a CAGR of 6.9% from 2024 to 2030. Growing demand for medical plastics in applications such as disposables, surgical instruments, diagnostic components, implants, and orthopedics is expected to drive demand. Rising demand for healthcare services and facilities coupled with increasing government support to the medical industry in the Europe is expected to have a positive impact on the industry growth.

Rising R&D expenditure related to the manufacture of bio-compatible medical plastics with superior quality, low cost, and minimal health hazards is anticipated to propel demand. However, stringent regulatory scenario associated with the medical device manufacturing and waste disposal are anticipated to be key challenges for the industry in the region

Europe medical plastic industry is highly competitive and fragmented owing to the presence of numerous players. Manufacturers are coming up with various innovative technologies in order to reduce cost and improve product quality and durability. Price volatility of the feedstock and stringent government regulations associated with the medical device manufacturing are expected to be the key factors affecting the industry growth. Competition in the medical plastic market is likely to help consumers in terms of cost, quality and product innovation. Cost competitiveness and product quality are anticipated to be the key factors influencing buyer power decision. High production volumes and ease of availability of the product is expected to propel demand over the projected period.

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Europe Medical Plastic Market Report Highlights

The Polyvinyl Chloride (PVC) segment accounted for 27.2% of the market. This significant market share can be attributed to PVC’s versatility and cost-effectiveness, making it a preferred material for a wide range of medical applications.

Polypropylene is projected to grow at a CAGR of 8.4% from 2024 to 2030

The tubing segment held the largest revenue share in 2023

The venous cannula segment is projected to witness the fastest growth from 2024 to 2030

Germany held the largest market share in the Europe medical plastic market in 2023

Europe Medical Plastic Market Segmentation

Grand View Research has segmented the Europe medical plastic market report based on product, application, and country:

Europe Medical Plastic Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

PVC

Polycarbonate

Polyamide

Polysulfone

Polyurethane

Polypropylene

Others

Europe Medical Plastic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Tubing

Catheters

Membranes

Venous Cannula

Venous Reservoir

Capillaries

Others

Europe Medical Plastic Country Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

UK

Germany

France

Italy

List of Key Players in Europe Medical Plastic Market

BASF SE

Evonik Industries AG

Solvay S.A.

Celanese Corporation

Covestro AG

DSM N.V.

DuPont de Nemours, Inc.

LyondellBasell Industries Holdings B.V.

SABIC

The Lubrizol Corporation