1st Edition
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 # 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
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.
