The Türkiye medical plastic industry size is projected to reach US$ 217.5 million in 2023 and US$ 328.9 million in 2033. Over the assessment period, demand for medical plastic in Türkiye is anticipated to rise at a CAGR of 4.2%. The medical industry increasingly relies on single-use medical devices, and medical plastics play an essential role in producing such products due to their cost-effectiveness, sterility, and ease of manufacture.
Ongoing technological advancements in the healthcare industry have led to the development of sophisticated medical devices and equipment. These advanced devices often require specialized cables and connectors made from high-performance medical plastics to ensure reliable and precise functionality.
Get Your Sample Report - Drive Business Success! https://www.futuremarketinsights.com/reports/sample/rep-gb-18692
With the increasing adoption of telemedicine, there is rising demand for medical devices made from plastics that are suitable for remote patient monitoring and telehealth applications. The trend toward sustainability and environmental responsibility is influencing the medical plastic industry.
The medical sector is subject to strict regulatory standards and quality requirements. Medical plastics used in cables and connectors must meet stringent criteria for biocompatibility, sterilization, and safety to ensure compliance with regulatory standards by ISO and FDA.
Key Takeaways from the Report
By 2033, Türkiye's medical plastic demand is anticipated to rise at a 4.2% CAGR.
Based on end-use, the medical cable and connector segment is set to expand at a CAGR of 4.8% by 2033.
Türkiye's medical plastic industry is expected to reach a valuation of US$ 328.9 million in 2033.
In terms of plastic-type, polyvinyl chloride (PVC) is projected to surge at a CAGR of 2.6% by 2033.
Sales of medical plastic in Türkiye grew at a CAGR of 3.8% between 2018 and 2022.
"Türkiye’s medical plastic industry is driven by the increasing demand for sterilization and infection control, which play crucial roles in the medical field to ensure patient safety and prevent the spread of diseases. The growing trend for self-administration and development of new drug delivery technologies are creating significant opportunities in the medical plastic industry," - says an Analyst at Future Market Insights, Inc.
Competitive Landscape
Türkiye's medical plastic industry is fragmented, with leading players accounting for around 45% to 50% of the overall share.
Key medical plastic companies in the country are investing in continuous research to offer new products and increase production capacity to meet end-user demand. Leading players are inclined toward adopting strategies to strengthen their footprint, such as partnerships, mergers, acquisitions, and facility expansions.
Key Companies Profiled
Celanese Corporation
Trinseo PLC
Ensinger Group
BASF SE
The Dow Chemical Company
Saudi Basic Industries Corp (SABIC)
DuPont de Nemours, Inc.
Arkema Group
Evonik Industries
Eastman Chemical Company
LyondellBasell Industries N.V.
Hanwha Group
Covestro AG
Solvay SA
EMCO Industrial Plastic Inc.
The Lubrizol Corporation
Trelleborg Group
Teknor Apex
Spartech LLC
Raumedic AG
HMC Polymers Company Limited
Tekni-Plex, Inc.
Recent Developments in Türkiye Medical Plastic Industry-
In October 2021, Avient launched two new products, adding to its MEVOPUR family of medical materials to help pharmaceutical packaging and medical device manufacturers achieve their sustainability goals more quickly.
Celanese Corporation is a leading producer of specialty materials and distinctive chemistry solutions utilized in most significant industries and consumer applications.
Türkiye Medical Plastic Industry Segmentation
By Plastic Type:
Polyvinyl Chloride (PVC)
Thermoplastic Elastomer (TPE)
Thermoplastic Elastomer Vulcanizates (TPE-V)
Thermoplastic Elastomer Styrenics (TPE-S)
Polyethylene (PE)
Polycarbonate (PC)
Polypropylene (PP)
PET
Polyamides
Thermoplastic Polyurethane (TPU)
Polymethyl Methacrylate
Acrylonitrile Butadiene Styrene (ABS)
Silicone Rubber
Liquid Silicone Rubber
High Consistency Rubber
Room Temperature Vulcanizing (RTV) Silicone
Silicone Adhesives
Others
By End-use:
Medical Parts and Components
Dropper Bulbs
Drip Chambers
Gaskets and Stoppers
Orthopedics
Blood Collection Chambers
Medical Containers
Others
Tubing
Catheter Tubing
Drug Delivery
Gas Supply
Peristaltic Pump
Oxygen Tubing
Blood Transport and Delivery
Others
Film and Bags
Biopharmaceutical Storage
Saline Bags
Waste Bags
Others
Surgical Tools
Scalpels
Forceps
Scissors
Others
Medical Cables and Connectors
Diagnostic Equipment
Prosthetics
Others
By Region:
North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)