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Global Market Insights : Snapshots
• Medical Polymers
• Medical Injection Molding
• Medical Device Contract Manufacturing
• PVC Hospital Waste Recycling
• The global Medical Nonwovens market is valued
at million US$ in 2017 and will reach million US$ by the end of 2025, growing at
a CAGR of during 2018-2025. (https://thefreenewsman.com)
The global medical device contract manufacturing
market was valued at $70 bn in 2017. Visiongain forecasts this market to
increase to $115 bn in 2022. The market will grow at a CAGR of 9.5% throughout
the forecast period. (https://markets.businessi nsider.com)
• 150 hospitals in Australia and New Zealand to
recycle PVC medical waste by end of 2018
The PVC Recycling in Hospitals programme has
diverted over 200 tonnes of high-grade PVC waste from landfill to recycling
sites since its launch in 2009. The programme helps redirect material to
reprocessors in Australia and New Zealand, enabling manufacturers to use the
recycled polymer in goods such as garden hoses or outdoor playground matting. By
collecting IV bags, face masks and oxygen tubing for recycling, hospitals can
help contribute to carbon and energy savings; especially considering that PVC is
100% recyclable. Now the programme, which is managed by the Vinyl Council of
Australia and its member partners, is aiming to reach 150 hospitals by the end
of 2018. “Thanks to great support and enthusiasm from healthcare professionals,
the PVC Recycling in Hospitals program is now operating in every state in
Australia except the Northern Territory. “It’s a great example of how the
healthcare sector can demonstrate leadership in PVC sustainability and recover
high quality material that can be genuinely recycled locally for use in new
products. We are currently looking at further end product applications for the
recyclate,” MacMillan added. In the UK a similar project is currently in its
pilot phase and is being financed by the European’s PVC industry’s sustainable
development programme. https://www.medicalplasticsnews.com/news/150-hospitalsin-australia-and-new-zealand-to-
recycle-pvc-me/
• Medical Plastics : Market Scenario :
The polypropylene raw material is anticipated to
dominate the market, which is followed by the ABS segment. The growing
application of ABS in consumer appliances, medical devices, electronic housing
and others is attributed to the growth of this segment. On the basis of the
application, the packaging is expected to register over 30% of total market
share during the forecasted years. (http://www.digitaljournal.com/pr/3893275#ixzz5O17NNYnL)
• Global plastic injection molding market
expected to reach $233 billion by 2023
In 2017, the global market for plastic injection
molding was valued at $117 billion; it is expected to reach $233 billion in
2023, reflecting a 10.9% compound annual growth rate, according to a new report
from BCC Research , Injection Molding: Global Markets and Technologies through
2023.
Rising demand across several vertical industries
such as packaging and food and beverages is expected to drive growth. One
robust segment is the medical device space, which accounts for 18.7% of the
plastic injection molding market and is expected to see strong growth over the
forecast period as healthcare becomes an increasingly integral part of household
expenditures, especially in more developed countries with aging populations,
said the report.
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