Medical Plastics Market Size

Medical Plastics Market size was valued at USD 52.45 billion in 2023 and is likely to cross USD 131.08 billion by 2036, expanding at more than 7.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of medical plastics is estimated at USD 55.51 billion.

Increase in investments in health infrastructure globally in times of COVID-19 and the added advantages of medical plastics in safe and secure packaging are some of the significant factors anticipated to boost the market growth. Additionally, these plastic are light in weight, portable, and come with easy customizable packaging options that are cost effective. Driven by these prominent features along with favorable government regulations for permitting medical plastics in pharmacy and medical equipment containers.