How Medical Plastics Companies Are AdaptingHow Medical Plastics Companies Are Adapting
July 21, 2016
Medical device industry growth has slowed in recent years, but plastics makers are still finding ways to cash in, according to an in-depth report in Qmed's fellow UBM media outlet Plastics Today.
Medtech's once robust double-digit growth appears to be history for now, and medical plastics companies are adapting accordingly as they provide the materials needed for next-generation medical devices.
That's one of the major themes in an in-depth report released by Qmed's fellow UBM media outlet Plastics Today. (Download the full report.)
"These days, even 5% growth is nothing to sneeze at, and that growth may be quite a bit higher in the emerging markets," writes Plastics Today's Norbert Sparrow.
In fact, growth in the medical plastics space is expected to outperform medical devices as demand for disposables continues to grow. The medical plastics sector includes everything from commodity thermoplastics to engineered thermoplastics to thermoplastics with high temperature resistance to styrenics, silicones, thermoplastic elastomers, and thermosets.
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