SOURCE: MarketResearch.com

MarketResearch.com

September 07, 2010 11:08 ET

US Medical Plastics Market to Grow 5% Annually Through 2015

ROCKVILLE, MD--(Marketwire - September 7, 2010) -  MarketResearch.com has announced the addition of BCC Research's new report "Medical Plastics" to their collection of Medical Devices market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2718710

The U.S. medical plastics market is expected to reach almost 3.5 billion pounds by the end of 2010 and will grow at a compound annual growth rate (CAGR) of about 5%, consuming about 4.4 billion pounds by 2015.

Commodity thermoplastics dominate the market with a little more than 55% of total volume. This sector is estimated at nearly 2 billion pounds in 2010 and should increase at a compound annual growth rate (CAGR) of 4.8% to reach 2.5 billion pounds in 2015.

TPEs, engineering resins, and thermosets will show the most significant growth rates over the next 5 years although they only constitute about 20% of total volume. Of these, TPEs will experience the highest compound annual growth rate (CAGR) of 6.2%, from 68 million pounds in 2010 to 92 million pounds in 2015.

The ever-changing face of the medical device industry, new types of medical devices legislative/regulatory and environmental issues, new products and technologies related to medical devices, sterilization techniques and impact on polymer selection, polymer usage in medical devices, status of PVC, and medical plastic's product lines and trade-named products are some of the topics that are covered by this report.

Several specific "medical devices" such as syringes, trays, tubing and kits are considered by many to be an integral part of the "medical packaging" market. For example, prefilled syringes are now the dominant types, as opposed to those filled at hospitals and/or physician's offices. Kits and trays are also used to prepackage other medical devices, as explained by BCC Research.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2718710

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