The Future of the Medical Plastics Market : Opportunities for Growth book cover
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The Future of the Medical Plastics Market
Opportunities for Growth




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ISBN 9781032080918
November 29, 2021 Forthcoming by Productivity Press
160 Pages 5 B/W Illustrations

 
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Book Description

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

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 # 5: CONTINUOUS PRODUCT DEVELOPMENT

R&D to create advanced products.

Production techniques to introduce new plastics

The case of SCG Chemicals

Developing medical plastics

Replacing traditional medical equipment

A move forward with the Innovative Service

POTENTIAL OF THE MARKET STRUCTURE

Size of the market

Norms and standards

Market domination by large competitors

Market Growth and windows of opportunity

Buyers Price Sensitivity

POTENTIAL FOR TECHNICAL ADVANCEMENTS

Product Technical Development

Cost of R&D

technical development of product functionalities is

Technical development and product differentiation

POTENTIAL FOR PRODUCT DESIGN AND DEVELOPMENT

Product range Development

Low costs of brand extension

Product Scope Economies

Value-added from a technical point of view

Switching Costs

Risk-Adverse Profile of Buyers

POTENTIAL FOR DISTRIBUTION

Regulation and purchasing policies

Technical assistance

Management of complex sales

Buyers Intentions

GEOGRAPHIC POTENTIAL

Economies of geographic scope

Regulatory barriers to block the entry

Harmonization of regulatory frameworks

A critical mass of buyers close to the head office

POTENTIAL FOR DEVELOPING STRATEGIC COMPETENCIES

Value creation for the competencies of a company

Economies of scope competencies

Availability of competent suppliers

Risk of vertical integration from suppliers

Risk of vertical integration from distributors

Transaction costs and legal costs

Chapter 9: Strategic Perspective from Market Leaders

HMC POLYMERS COMPANY MEDICAL APPLICATIONS

BAXTER

Medical plastics technology

THE TRINES CO.IN MEDICAL PLASTIC

G.W. HEALTHCARE PLASTICS

ST-GOBAIN MEDICAL COMPONENT

Conclusion

REFERENCES

Bibliography

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Author(s)

Biography

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.