Frost & Sullivan finds medical plastics offer remarkable benefits over conventional materials and are revolutionizing the medical industry. – MENAFN.COM

Frost & Sullivan finds medical plastics offer remarkable benefits over conventional materials and are revolutionizing the medical industry. – MENAFN.COM

Frost & Sullivan finds medical plastics offer remarkable benefits over conventional materials and are revolutionizing the medical industry. Demand for materials that offer lightweighting, recyclability, and miniaturization is responsible for the adoption of plastics across various medical application areas, says Frost & Sullivan Santa Clara, Calif. – May XX, 2021– Frost & Sullivan's recent analysis , Transformative Mega Trends Power the Global Medical Plastics Market , finds that the surge in demand for medical plastics will drive the industry. Medical plastics offer remarkable benefits such as cost-effectiveness, flexibility, durability, biocompatibility, chemical inertness, resistance to wear and tear, lightness, and recyclability over conventional materials—metals, glass, and ceramics. The market is segmented by plastic type—commodity thermoplastics, engineering thermoplastics, and other plastics—and is estimated to garner a revenue of $29. 93 billion by 2027 from $19. 95 billion in 2020, up at a compound annual growth rate of 6% . For further information on this analysis, please visit: ''Unlike traditional materials, plastics are highly flexible and can be easily molded into endless products and complex shapes while maintaining the structural integrity of the end products. Due to this, the penetration of plastic-based medical components in the healthcare industry is on the rise,'' said