Medical Plastics Market to Garner $37.2 Billion, Globally, By 2027 at 5.6% CAGR, Says Allied Market Research
According to the report, the global medical plastics industry generated $24.1 billion in 2019, and is expected to garner $37.2 billion by 2027, witnessing a CAGR of 5.6% from 2020 to 2027.
- According to the report, the global medical plastics industry generated $24.1 billion in 2019, and is expected to garner $37.2 billion by 2027, witnessing a CAGR of 5.6% from 2020 to 2027.
- Robust investment in healthcare, increase in the aging population, and change in consumer lifestyle drive the growth of the global medical plastics market.
- On the other hand, rise in demand for bioplastics in the medical sector presents new opportunities in the coming years.
- The extended lockdown lowered down the speed of production of medical plastics along with hindering cross-border export and import activities.