The global medical polyethylene market size was US$ 5,246 million in 2021. The global medical polyethylene market size is forecast to reach US$ 8,921 million by 2030, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
Polyethylene (PE) is a thermoplastic polymer with a changeable crystalline shape that, depending on the kind, can be utilized for a variety of applications. PE in medical applications provides health care providers and medical device makers with a number of competitive benefits. Polyethylene (PE) and other polymers are also utilized to produce mission-critical medical products such as patches, packaging films, personal protective equipment, containers, tubing, and pouches, so they can help promote cleanliness and wellbeing. PE materials can be tailored for specific purposes in the healthcare sector, minimizing the need to sterilize and reuse devices and so assisting disease control.
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Factors Influencing Market Growth
The rapidly growing pharmaceutical devices industry drives the global market.
Growing aging populations, significant medical procedures, and increasing demand for polyethylene-based surgical instruments boost the global market growth.
The existence of stringent rules and price changes of raw materials may slow down the overall market growth.
Varying trends towards home health care treatment and the increasing use of disposable medical equipment are forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a positive impact on the global market growth. Due to the rising demand for personal hygiene products and protective equipment such as PPE kits and sanitizers, polyethylene demand in healthcare applications has expanded. In addition, the shift in preference for the use of disposable masks and gloves as part of safety routine has increased the demand for the market. Additionally, the prolonged blockade and cross-border export and import hampered the market growth.
Regional Analysis
The Asia Pacific region held dominance in the market in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing healthcare infrastructure and medical expenditures in developing countries such as India, Japan, China, and South Korea. In addition, increase in disposable income, innovative government rules, and healthcare practices aimed at improving medical treatment. Thus, these factors drive the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global medical polyethylene market are:
Borealis AG
Lyondell Basell Industries N.V.
SABIC
Du Pont De Nemours Inc.
INEOS
DOW Chemicals
Orthoplastics Ltd.
SINOPEC
Petrochina
Eastman Chemical Company
Mitsui Chemicals, Inc.
Celanese Corporation
Other Prominent Companies
Scope of the Report
The global medical polyethylene market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
HDPE
LDPE
Segmentation based on Application
Medical Tubing
Medical Bags
Disposables
Containers
Medical Implants
Drug Testing Equipment
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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