Frost & Sullivan: Advanced Performance Characteristics of Polymers Expands Market for Plastics in Medical Devices

Frost & Sullivan: Advanced Performance Characteristics of Polymers Expands Market for Plastics in Medical Devices PR Newswire MOUNTAIN VIEW, California, Sept. 25, 2012 - Despite environmental concerns, plastics become dominant materials used in medical devices MOUNTAIN VIEW, California, Sept. 25, 2012 /PRNewswire/ -- The increasing average age of the U.S. population is creating a vast market for medical treatment, especially minimally invasive procedures. In a fragile economy, patients prefer minimally invasive methods, boosting the consumption of plastic polymers, which are ideal for use in catheters and medical tubing. A new comprehensive Frost & Sullivan (http://www.chemicals.frost.com) study Analysis of the Plastic Polymers in Medical Devices Market, finds that the total North American market volume of plastics in medical devices totalled 1,370.0 million pounds, corresponding to revenues in excess of $1 billion. By 2018, revenues are expected to equal $1.45 billion, fuelled by a compound annual growth rate of 5.2 percent. Commodity plastics such as polyvinyl chloride (PVC), polyethylene (PE) and polypropylene (PP) accounted for most of the total volume. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state, and country.