Medical Plastics Market is expected to grow at a CAGR of 7.7% from 2020 to 2027. Rising healthcare investments in emerging economies driving market growth
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Medical Plastics Market: Key Insights
According to our new research study on “
Medical Plastics Market to 2027 – Global Analysis and Forecast – by Type and Application,” the
Medical Plastics Market Size was valued at US$ 24,671.82 million in 2019 and is projected to reach US$ 44,669.63 million by 2027; it is expected to grow at a CAGR of 7.7% from 2020 to 2027. The stringent government regulations related to plastics used in medical devices and other related products impede the market growth.
Medical Plastics Market: Competition Landscape and Key Developments
Celanese Corporation, Eastman Chemical Company, GW Plastics, Orthoplastics Ltd, Aran Biomedical Teoranta, Rochling, SABIC, Saint-Gobain Performance Plastics, SOLVAY, and DOW are key companies operating in the global medical plastics market. These major market players are focused on strategies such as partnerships, mergers and acquisitions, facility expansions, and research and development to expand their geographi
Aran Biomedical Expansion: Galway Implantable Device Manufacturer to create 150 New Jobs
GALWAY, Ireland, April 12, 2021 /PRNewswire/ In response to growing business demand, Aran Biomedical Teoranta, a leading biomaterials contract manufacturer of proprietary medical devices, today announced the creation of 150 new jobs over 3 years. Additionally, the Company announced its plan to build a new, purpose-built facility in Spiddal, Galway. The investment is supported by the Irish Government, through Údarás na Gaeltachta.
The positions have been created to meet increased demand in the company s operations, in both the design services and commercial manufacturing segments of the company s business. New jobs will be created in Production, Engineering, Quality and Supply Chain Management.