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Medical
Plastics Market Growing Rapidly (Page 2 of 2) |
Issues that will affect the industry’s growth and demand
for its products include:
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Changing sterilization
techniques
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Increased usage of
disposable products due to concerns over infectious diseases
-
Changing FDA
regulations
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Shift in healthcare
payments from individual physicians and hospitals to HMOs, nursing facilities
and centralized purchasing
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Trend toward
"defensive medicine" primarily due to increased liability law suits
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An aging US population
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Advances in diagnostic imaging and laser
surgery as well as polymers with improved biocompatible properties
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Continued drive
toward industry cost containment
-
Recent emphasis on
PVC alternatives
Medical Plastics Market by Resin,
through 2004
(Million Lbs.)
|
Commodity |
1999 |
2004
|
AAGR %
1999-2004
|
|
Thermoplastics |
956 |
1240 |
5.3 |
|
Styrenics |
337 |
451 |
6.0 |
|
Engg. resins |
243 |
332 |
6.5 |
|
Thermosets |
180 |
244 |
6.3 |
|
TPEs |
90 |
128 |
7.3 |
|
Miscellaneous |
175 |
232 |
5.8 |
|
Total |
1981 |
2527 |
5.8 |
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