The Future of the Medical Plastics Market Opportunities for Growth

Plastics have occupied an important place in the modern medical industry. It has substituted traditional devices and products made of metal, other materials, and ceramics. Over recent years, increased reliance on transparent plastic pharmaceutical and medical products has produced remarkable breakthroughs that improve medical attention delivery and allow it to be more comfortable for the masses to live better and longer lives. The purpose of this handbook is to provide a strategic perspective on the market to identify opportunities for growth and promising niches in the medical plastics market. It also helps in analyzing emerging trends in medical plastics to facilitate new product development. The medical plastics market is a new field with a broad scope and unending opportunities for manufacturers and suppliers and medical practitioners from healthcare. With a combination of the right material and technology, it has a lot to offer to the patients with affordable pricing. By keeping the worth of the medical plastics market in mind, we have set some objectives. This book identifies growth factors in the medical plastics market and analyzes critical factors of success to compete. The author presents background on the medical plastics market by its usage, products, processes, and innovation. He also reviews existing studies on the medical plastics market for topics like market size, market growth, segment growth, and geographic markets.

TABLE OF CONTENTS INTRODUCTION About the Author About Consortium Innovation OBJECTIVES OF THE STUDY RESEARCH METHODOLOGY Chapter 1: MARKET OVERVIEW OF THE PLASTICS MARKET HEALTH-RELATED PLASTICS AND MEDICAL COSTS GROWTH OVERVIEW Plastics as substitutes Toward safer and simpler medical methods The value-added of Plastic in medical devices SCOPE OF PLASTIC PRODUCTS IN THE MEDICAL MARKET Thermoplastic polymer elastomers for medical and pharmaceutical applications BENEFITS OF MEDICAL PLASTICS Improving Medical Equipment Increasing Health Awareness Increasing Global Geriatric Population MARKET SIZE AND GROWTH Chapter 2: Growth of the medical plastics market PRODUCT DIFFERENTIATION BASED ON DESIGN A Differentiation based on processes and materials Design and performance of medical devices according to Dupont Growth in Clinic accessories Growth in Analysis systems Growth in Medical Devices Healthcare polymer market growth Market growth of polypropylene Growth for Polymer engineering Growth in Medical Packaging Growth in Plastic Bags Growth in injection molding and medical packaging Growth for Demand for disposable (syringes, surgical device) Growth of Transparent plastic Products growth of the 3-D Printing Plastics Growth for 3-d printing Adoption of 4-D Printing and new opportunities Growth for medical imaging products and other disposable medical products Growth of plastics in dentistry Dental 3-D printing market Growth of Medical Plastics by Geographic Markets United States International markets for medical plastics Mexico, and Canada Europe Asia Middle East and West Africa Chapter 3: STRATEGIC CONTEXT OF THE MEDICAL PLASTIC POLITICAL CONTEXT The New Plastic Economy Innovative health products for the aging population Consumerization A growing number of insured people with medical devices Less physically intrusive health therapies Serving an ecosystem with different stakeholders ECONOMIC CONTEXT Opportunities Reducing medical costs Disposable income Recession-proof Fluctuation in oil prices TECHNOLOGICAL CONTEXT Opportunities Technological Evolution Considerable Technological Evolution Technology as a Driver of Innovation Traceability Traceability and sensors The case of Lucintel ENVIRONMENTAL AND RECYCLING CONTEXT Opportunities Health care Plastic Recycling Replacement of DEHP Alternative to DEHP Strict regulations A movement toward more strict compliance Developing a method for DEHP alternatives Medical products and the EU Council Directives Counterfeiting Using authentication Counterfeiting Proactive Strategies The case of APLIX-self gripping fasteners Chapter 4: Factors Determining growth of the plastic market FACTOR 1: THE GROWTH OF THE POLYMER AS FUNCTIONAL SUBSTITUTES Polymers are rapidly changing different substances Improve the functionality of the test substances PVC allows uninterrupted monitoring of substance flow Proliferation of plasticizers Medical-grade polymers for surgical instruments PEEK polymers Combating Harmful conditions in the supply chain FACTOR 2: AGING OF THE POPULATION Increasing elderly population FACTOR 3: RISING MIDDLE CLASS IN EMERGING MARKETS FACTOR 4: PERVASIVENESS OF CARDIOVASCULAR PROBLEMS AND OTHER DISEASES FACTOR 5: LOW COST, BIOCOMPATIBILITY, AND LONGEVITY POLYMERS FACTOR 6: APPLICATIONS IN DIAGNOSTIC SYSTEMS Chapter 5: NICHES IN THE MEDICAL PLASTICS MARKET NICHES OF THE ANTIMICROBIAL MARKET Growth of the antimicrobial market Demand for antimicrobial products Benefits of antimicrobial products Growth Factors of the antimicrobial market NICHES OF MEDICAL POLYMERS Medical polymers: an essential element of medical devices Replacement Materials Medical polymers new generation NICHES OF SYNTHETIC POLYMERS NICHES OF SYNTHETIC BIODEGRADABLE POLYMERS MATERIALS MADE FROM GLYCOLIC ACID Biodegradation might provide various other benefits Medical grade biodegradable polymers Niches of Liquid Silicone Rubber Niches of Bio-based and engineered polymers NICHES OF BIORESORBABLE MATERIALS Bioresorbable polymers polyester-based Bioabsorbable materials NICHES OF DISPOSABLE PRODUCTS IN MEDICAL PLASTICS NICHES OF DISPOSABLE GLOVES Niches for Disposable products eco-friendly polymer Chapter 6: Emergent research for new product development PATENTS ON MEDICAL PLASTICS EMERGENT RESEARCH TOPICS FOR NEW PRODUCT DEVELOPMENT AND APPLICATIONS THE WORLD TOP RESEARCHERS IN THE MEDICAL PLASTICS MARKET THE MOST CRITICAL RESEARCH DISCIPLINES IN MEDICAL PLASTICS THE FIVE MORE IMPORTANT RESEARCH JOURNALS REVIEW OF RESEARCH PUBLICATIONS FOR PRODUCT DEVELOPMENT AND APPLICATIONS Improvements of plastics for hydrophilic catheters in medical care Perspectives on alternatives to phthalate PLASTICIZED (vinyl chloride) Applied Plastics BOOSTS CAPACITY FOR MEDICAL OEM Chapter 7: An Assessment of the Competition in the Medical Plastics Industry INDUSTRY DEFINITION INDUSTRY OVERVIEW STRUCTURE OF COMPETITION General considerations Concentration with multinationals SME’s occupy the largest share of the medical plastics market Chinese companies in value-added segments STRATEGIC POSITIONING WITH CLIENTS Surf on the aging of the population High prices coming from technological development The two-tiered trading power of clients Growth in spending on medical devices Higher bargaining power toward clients with the emergence of platforms Increased pressure on prices The power of prescribers shadows the market Trust of OEMs and Design Engineers Regulations are standardizing products The emergence of remote health control monitoring STRATEGIC POSITIONING WITH SUPPLIERS Acquisition of critical suppliers Development of advanced materials Pre-emption over critical suppliers THE STRATEGIC ENTRY OF NEW COMPETITORS Reduced barriers to globalization Strategic entry and mobility in the market Reputation and intangible asset Investment in research and development The battle for distribution The case of strategic entry with new product development A strategic entry facilitated by 3-D Printing in some segments THE THREAT OF RECYCLED PRODUCTS AS SUBSTITUTES Recycling and environmental concerns The concept of the sustainable product life cycle STRUCTURE OF COMPETITION IN THE MEDICAL PLASTICS MARKET Consolidation with Mergers and acquisitions Mergers and acquisitions are structuring the medical plastics market Competitive Market Share of medical polymers Revenue volatility New business models to lower distribution costs A strong differentiation of large players based on R&D A market based on product differentiation A fragmented market The fierce competition of Disposable products Vertical Integration to control critical suppliers Vertical Integration to control the distribution Switching cost built with medical devices Business Systems to better control costs Increasing needs to manage the costs of medical products AN INTENSIFICATION OF THE RIVALRY Three strategic groups of competitors Large chemical companies Large pharmaceutical companies Product specialists Chapter 8: Critical Factors of Success to Compete in Medical Plastics Market Introduction KFC # 1 PATIENT-CENTRIC DESIGN Toward more ergonomically products Designing a Medical Product with Forte Plastics Introducing new ways to use permanent implants KFC # 2: MATERIAL REQUIREMENT FOR PLASTIC MEDICAL DEVICES Reliable performance needs by production, end-use, shipping, packaging, and disposal. Sterilization with no loss of efficiency Materials Guide Highlights Thermoplastic's Medical Applications with Kydex KFS #3: CRITICAL ROLE TECHNICAL SPECIFICATIONS Developing assembled Medical units Advanced role in technical specifications Technical specification and the integration of the supply chain KFC # 4: KEY ROLE OF MEDICAL GRADE PLASTICS Medical Grade Plastics Benefits Versatility Easy Sterilization Greater Safety Improved Quality of Life Cost-Effective Environmental and Eco-Friendly Potential of Future Innovations Thermoplastic Medical Applications A guide detailing the health uses of the Kydex line of its of thermoplastics KFC

Professor Vincent Sabourin is a full-time professor of Business Strategy and Innovation Management at the School of Management (ESG) of the University of Quebec in Montreal (UQAM). He teaches at various levels of executive MBA, including the MBA for Science and Engineering. He has served as the project director in 'Promising Plastics and Advanced Materials Opportunities' for a Canadian Federation of Plastic Producers. He has been a keynote speaker for several conferences on advanced Plastics, Smart technologies, and the Internet of Things. Dr. Sabourin is the chairman of the Consortium Innovation, a non-profit organization and a collaborative network in Innovation and Management. As a strategy expert, he advises businesses and the government. He was one of twenty-five Canadian experts in the business strategy selected for a doctoral dissertation at HEC Montréal. He has published several books, book chapters, academic articles, and proceedings in management innovation and new technologies. Professor Sabourin is also honored with Diploma in Industrial Psychology from the University of McGill, a master's degree in administration from HEC Montreal, and a doctorate (Ph.D.) in Planning and Strategic Management University McGill, under the supervision of Henry Mintzberg.