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Biodegradable Medical Plastics Market Size, Share, Trends, Growth Outlook

Biodegradable Medical Plastics Market Size, Share, Trends, Growth Outlook, and Opportunities to 2030- By Application (Medical devices, Medical packaging, Others), By Type (Poly lactic acid, Polyhydroxyalkanoates, Polybutylene succinate, Polycaprolactone, Polyvinyl alcohol), Countries and Companies Report

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  • |Published Month : November, 2024
  • |No. of Pages : 206

The global Biodegradable Medical Plastics Market is poised to register a 10.5% CAGR from $3.9 Billion in 2024 to $7.1 Billion in 2030.

The global Biodegradable Medical Plastics Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Application (Medical devices, Medical packaging, Others), By Type (Poly lactic acid, Polyhydroxyalkanoates, Polybutylene succinate, Polycaprolactone, Polyvinyl alcohol).

An Introduction to Global Biodegradable Medical Plastics Market in 2024

The biodegradable medical plastics market is experiencing growth driven by the increasing demand for environmentally friendly and sustainable materials in the healthcare sector. Key trends shaping the future of the industry include innovations in biopolymer formulations, processing technologies, and regulatory compliance to meet the stringent requirements of medical applications while offering biodegradability and compostability. Advanced biodegradable medical plastics offer similar mechanical properties, biocompatibility, and sterilization capabilities as conventional plastics, making them suitable for a wide range of medical devices, implants, and packaging materials. Moreover, the integration of biodegradable polymers derived from renewable sources such as starch, cellulose, and polylactic acid (PLA) reduces environmental impact and addresses concerns about plastic pollution in healthcare settings. Additionally, the growing emphasis on sustainability, waste reduction, and circular economy principles drives market demand for biodegradable medical plastics as alternatives to traditional petroleum-based plastics. As healthcare facilities, medical device manufacturers, and regulatory agencies prioritize environmental stewardship and patient safety, the biodegradable medical plastics market is poised for continued growth and innovation as a critical component of sustainable healthcare solutions.

Biodegradable Medical Plastics Market- Industry Size, Share, Trends, Growth Outlook

Biodegradable Medical Plastics Market Competitive Landscape

The market report analyses the leading companies in the industry including Arkema Group, Ashland Inc, BASF SE, Bio-on SpA, Celanese Corp, Corbion NV, Danimer Scientific Inc, Eastman Chemical Co., Kaneka Corp, Medtronic Plc, Mitsubishi Chemical Corp, Natupharma AS, NatureWorks LLC, Neste Corp, Royal DSM NV.

Biodegradable Medical Plastics Market Dynamics

Biodegradable Medical Plastics Market Trend: Surge in Eco-Friendly Healthcare Practices

The most prominent trend in the biodegradable medical plastics market is the surge in eco-friendly healthcare practices, driven by increasing awareness of environmental issues and the need to reduce plastic pollution in healthcare settings. Hospitals, clinics, and healthcare facilities are increasingly adopting sustainable practices and seeking out biodegradable alternatives to traditional plastics for medical devices, packaging, and single-use items. This trend is fueled by regulatory pressures, corporate sustainability initiatives, and growing consumer demand for environmentally responsible healthcare products and services. As healthcare providers prioritize sustainability in their operations, there's a growing market for biodegradable medical plastics that offer comparable performance to conventional plastics while minimizing environmental impact and supporting the transition towards a more circular economy in the healthcare sector.

Biodegradable Medical Plastics Market Driver: Regulatory Push for Sustainable Healthcare Solutions

A key driver in the biodegradable medical plastics market is the regulatory push for sustainable healthcare solutions, driven by government mandates, industry standards, and environmental regulations aimed at reducing plastic waste and promoting sustainable procurement practices in healthcare. Regulatory agencies and governing bodies worldwide are implementing policies and initiatives to incentivize the adoption of biodegradable materials in medical applications, such as medical devices, implants, and packaging, to mitigate the environmental footprint of healthcare activities. This driver is motivating medical device manufacturers, healthcare facilities, and supply chain stakeholders to prioritize the use of biodegradable medical plastics in their operations to comply with regulations, minimize environmental liability, and enhance their corporate social responsibility efforts. As regulatory requirements for sustainable healthcare solutions continue to evolve, there's a growing market opportunity for biodegradable medical plastics that meet stringent performance, safety, and regulatory standards while offering environmental benefits.

Biodegradable Medical Plastics Market Opportunity: Innovation in Biodegradable Implants and Surgical Devices

The biodegradable medical plastics market presents a significant opportunity for innovation in the development of biodegradable implants and surgical devices, driven by the demand for sustainable alternatives to traditional materials in orthopedics, cardiovascular, and other medical specialties. Biodegradable polymers offer unique advantages in medical applications, such as biocompatibility, tunable degradation rates, and the ability to support tissue regeneration, making them well-suited for use in implants, sutures, stents, and drug delivery systems. Manufacturers can capitalize on this opportunity by investing in research and development to design and commercialize biodegradable medical plastics that meet the specific requirements of healthcare professionals and patients, including biocompatibility, mechanical strength, and controlled degradation kinetics. By innovating in this space, companies can address unmet clinical needs, improve patient outcomes, and contribute to the advancement of sustainable healthcare practices while capturing market share in the rapidly growing market for biodegradable medical plastics.

Biodegradable Medical Plastics Market Share Analysis: Medical Packaging segment generated the highest revenue in the industry

The largest segment in the Biodegradable Medical Plastics Market is the Medical Packaging application segment. This dominance can be attributed to diverse factors. The medical packaging plays a crucial role in ensuring the sterility, integrity, and safety of medical devices, pharmaceuticals, and healthcare products. Biodegradable medical plastics offer a sustainable alternative to conventional petroleum-based plastics commonly used in medical packaging, addressing environmental concerns and regulatory requirements for reducing plastic waste and pollution. Additionally, biodegradable medical plastics provide comparable performance characteristics to traditional plastics in terms of strength, durability, and barrier properties, making them suitable for a wide range of medical packaging applications, including blister packs, pouches, trays, and containers. In addition, advancements in biopolymer technology and manufacturing processes have improved the mechanical properties and biodegradability of medical plastics, further enhancing their suitability for medical packaging applications. Further, increasing demand for eco-friendly and sustainable packaging solutions in the healthcare industry, driven by initiatives to reduce carbon footprint, minimize plastic waste, and improve patient safety, further propels the growth of the Medical Packaging application segment in the Biodegradable Medical Plastics Market.

Biodegradable Medical Plastics Market Share Analysis: Poly lactic acid (PLA) type Segment is poised to register the fastest growth rate (CAGR) over the forecast period to 2030

The fastest-growing segment in the Biodegradable Medical Plastics Market is the Poly lactic acid (PLA) type segment. This growth can be attributed to diverse factors. The PLA is one of the most widely used biodegradable polymers in medical applications due to its biocompatibility, mechanical properties, and biodegradability. PLA can be processed into various forms such as films, fibers, and 3D-printed objects, making it suitable for a wide range of medical device and packaging applications. Additionally, PLA is derived from renewable resources such as corn starch or sugarcane, offering environmental advantages over petroleum-based plastics. In addition, PLA exhibits good thermal stability and barrier properties, making it suitable for sterilization processes such as autoclaving, gamma irradiation, and ethylene oxide (EtO) sterilization, essential for medical applications. Further, increasing regulatory pressures and consumer demand for sustainable and eco-friendly products drive the adoption of PLA-based biodegradable medical plastics by medical device manufacturers and healthcare providers. As industries prioritize sustainability and seek alternatives to conventional plastics, the Poly lactic acid (PLA) type segment is expected to experience rapid growth in the Biodegradable Medical Plastics Market.

Biodegradable Medical Plastics Market Report Segmentation

By Application
Medical devices
Medical packaging
Others
By Type
Poly lactic acid
Polyhydroxyalkanoates
Polybutylene succinate
Polycaprolactone
Polyvinyl alcohol
Regions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Biodegradable Medical Plastics Companies Profiled in the Market Study

Arkema Group
Ashland Inc
BASF SE
Bio-on SpA
Celanese Corp
Corbion NV
Danimer Scientific Inc
Eastman Chemical Co.
Kaneka Corp
Medtronic Plc
Mitsubishi Chemical Corp
Natupharma AS
NatureWorks LLC
Neste Corp
Royal DSM NV
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Biodegradable Medical Plastics Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Biodegradable Medical Plastics Market Size Outlook, $ Million, 2021 to 2030
3.2 Biodegradable Medical Plastics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Biodegradable Medical Plastics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Biodegradable Medical Plastics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Biodegradable Medical Plastics Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Biodegradable Medical Plastics Industry
4.2 Key Market Trends in Biodegradable Medical Plastics Industry
4.3 Potential Opportunities in Biodegradable Medical Plastics Industry
4.4 Key Challenges in Biodegradable Medical Plastics Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Biodegradable Medical Plastics Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Biodegradable Medical Plastics Market Outlook by Segments
7.1 Biodegradable Medical Plastics Market Outlook by Segments, $ Million, 2021- 2030
By Application
Medical devices
Medical packaging
Others
By Type
Poly lactic acid
Polyhydroxyalkanoates
Polybutylene succinate
Polycaprolactone
Polyvinyl alcohol

8 North America Biodegradable Medical Plastics Market Analysis and Outlook To 2030
8.1 Introduction to North America Biodegradable Medical Plastics Markets in 2024
8.2 North America Biodegradable Medical Plastics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Biodegradable Medical Plastics Market size Outlook by Segments, 2021-2030
By Application
Medical devices
Medical packaging
Others
By Type
Poly lactic acid
Polyhydroxyalkanoates
Polybutylene succinate
Polycaprolactone
Polyvinyl alcohol

9 Europe Biodegradable Medical Plastics Market Analysis and Outlook To 2030
9.1 Introduction to Europe Biodegradable Medical Plastics Markets in 2024
9.2 Europe Biodegradable Medical Plastics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Biodegradable Medical Plastics Market Size Outlook by Segments, 2021-2030
By Application
Medical devices
Medical packaging
Others
By Type
Poly lactic acid
Polyhydroxyalkanoates
Polybutylene succinate
Polycaprolactone
Polyvinyl alcohol

10 Asia Pacific Biodegradable Medical Plastics Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Biodegradable Medical Plastics Markets in 2024
10.2 Asia Pacific Biodegradable Medical Plastics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Biodegradable Medical Plastics Market size Outlook by Segments, 2021-2030
By Application
Medical devices
Medical packaging
Others
By Type
Poly lactic acid
Polyhydroxyalkanoates
Polybutylene succinate
Polycaprolactone
Polyvinyl alcohol

11 South America Biodegradable Medical Plastics Market Analysis and Outlook To 2030
11.1 Introduction to South America Biodegradable Medical Plastics Markets in 2024
11.2 South America Biodegradable Medical Plastics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Biodegradable Medical Plastics Market size Outlook by Segments, 2021-2030
By Application
Medical devices
Medical packaging
Others
By Type
Poly lactic acid
Polyhydroxyalkanoates
Polybutylene succinate
Polycaprolactone
Polyvinyl alcohol

12 Middle East and Africa Biodegradable Medical Plastics Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Biodegradable Medical Plastics Markets in 2024
12.2 Middle East and Africa Biodegradable Medical Plastics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Biodegradable Medical Plastics Market size Outlook by Segments, 2021-2030
By Application
Medical devices
Medical packaging
Others
By Type
Poly lactic acid
Polyhydroxyalkanoates
Polybutylene succinate
Polycaprolactone
Polyvinyl alcohol

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Arkema Group
Ashland Inc
BASF SE
Bio-on SpA
Celanese Corp
Corbion NV
Danimer Scientific Inc
Eastman Chemical Co.
Kaneka Corp
Medtronic Plc
Mitsubishi Chemical Corp
Natupharma AS
NatureWorks LLC
Neste Corp
Royal DSM NV

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Application
Medical devices
Medical packaging
Others
By Type
Poly lactic acid
Polyhydroxyalkanoates
Polybutylene succinate
Polycaprolactone
Polyvinyl alcohol
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Frequently Asked Questions