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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. (


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


• 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. 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. (


• 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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